7-12-07 : MA in up channel

MA is still in up channel. Only the lower part of the up channel.
15min confirms that. Wait for a bit of retracement to the btm of up channel for
a call.

daily
====


15min
=====

7-12-07 : GS Call options - which to choose

Lets look at GS Jan08 Call options :

strike option price O/I
====== ==== ==== ===
220.00 GPYAD.X 16.00 17,608
230.00 GPYAF.X 11.00 16,504
240.00 GPYAH.X 6.90 20,275
250.00 GPYAA.X 4.30 15,514

If GS is going up, which will you choose ?

I will choose $230.

RIMM : $100 support will hold?

I believe it will hold. Key is 15min MACD is crossing 0 up. daily down channel is broken.

However, MAX50 cross down, and price is below them forming hot wet blanket. Thus I am not so sure if it will be up so soon.

THus I wait.

daily
====


15min
====

7-12-07 : GOOG will go back to up channel

GOOG is still going higher despite break up channel. Thus we wait for it to go back to up channel before confirms its cont uptrend.

daily
====



15min
=====

7-12-07 (Fri) : GS triangle formation & significance

GS forms triangle, in the midst of down channel, in the midst of uncertainty.

Will triangle breakout determine the direction of the price for the next 1 mth?

How significant is this triangle?

If it breaks down, it also breaks the yearly uptrend line.

If it breaks up, it also breaks the down channel. Thus the break of triangle
and its direction will have significant effect on the direction of the price for
the next few mths.

Is there any tell tale signs of where it will break?

(1) MA20X50 down for now. Its not too bullish.
(2) OBV is trending up. A bit positive
(3) ADX heads below 20, confirming a lack of trend now for GS.
(4) Bollinger shows Gs is the at the mid of the band, again saying direction is not
sure.

15min chart offers more clues. The MACD just cross 0 up. Thus i am bullish that the price will soon break 224, and later 230. after breaking 230 it will be confirmed the direction is upwards, and will soon reach 250.

Perhaps all awaits the answer that lies in the triangle breakout.

I will wait for the breakout.

daily
=====


15min
=====

6-12-07 : FTSE is bullish

FTSE broken 6500 resistance up. Now is 6508. But 1hr channel is at top of up channel. Thus may want to wait for retracement to btm of up channel before long it.

daily
=====

daily

1hr
====

6-12-07 : Hang Seng is bullish

In up channel. can go for a long after retracement.

daily
=====


15min
====

6-12-07 : S&P500 is bullish

will reach 1500 soon. Just broken 1hr resistance of 1490. in Up channel.
Bullish.

daily
=====


15min
====

6-12-07 : Nikkei is bullish

Nikkei just broken 15700 resistance, in up channel now going higher,
Long Nikkei now.

daily
====


15min
=====

6-12-07 : Dow Jones is bullish

Dow Jones broken 13400 resistance up, thus resume its uptrend. Bullish.

daily
======


1hr
===

6-12-07 : BIDU broke up channel

Broken up channel for daily and 15min. Thus will sell all calls or long positions.
Not put yet, coz still in the box.

daily
====


15min
=====

6-12-07 : AAPL is bullish

Price is back to up channel, and above MA20,50.
15min MACD is crossing above 0. Maintain bullish on AAPL.

daily
=====


15min
=====

6-12-07 : BSC is bearish

Daily is very bearish. 15min is also bearish, but within a box of 91-97.
Wait to short if break below 91.

daily
====


15min
====

6-12-07 : MA is still up trend

Still in up channel for both daily and 15min chart.
More clear in 15min channel.

Remain bullish on MA.

Daily
====


15min
===

6-12-07 : RIMM may break 100 down

100 support may not hold for long for RIMM.
MA20 just cross MA50 down. Price is below MA20,50, forming hot wet blanket.
MACD cross 0 down.

I predict 100 support will be broken within next week. Bearish, and ready for
put once the price fall below 100.

daily
===


15min
===

6-12-07 : GS direction is uncertain

daily chart shows a triangle forming.
MACD is below 0. Price is below MA20,50. More bearish.
But 15min chart shows price fluctuate around 218 level. MACD is below 0.
Wait for confirmation of put.

daily
=====


15min
=====

6-12-07 : GOOG is still up

GOOG broken up channel. But it still going up. Means its going into channeling sideway mode, but more bullish.

So, what to do? I will wait for breaking its box 68-710 before i decide. Now rest first.

daily
====


15min
====

6-12-07 : USD is up, Gold, Oil down.

Oil & Gold are down. USD-JPY, USD-CHF is up. EUR-USD, GBP-USD are down big.
Is US having some good news?

DJ is up. So are most counters we play, including GOOG, GS, AAPL, MA, RIMM.

What is the direction tonite? Will it cont to be bullish ?

5-12-07 : GOOG Put trade made

I Put GOOG last nite @ 21.70 for Jan08 $650 Put option.
Cut @ 19.70.
Profit @ 23.70

5-12-07 : GOOG Put trade made

I Put GOOG last nite @ 21.70 for Jan08 $650 Put option.
Cut @ 19.70.
Profit @ 23.70

5-12-07 : BSC trade made

Yesterday I bought a Put option for BSC as planned.

Trade details
=============
Option : Jan08 $95 Put
Buy @ 7.30
Cut @ 6.30
Profit @ 8.30

4-12-07 - Short Dow Jones Index

Short @ 13336
cut @ 13501 (max loss = -$165)
profit @ 12900 (max profit = $436)
risk : reward = 1:2.64

daily
=====


1hr
===

4-12-07 : AAPL is not looking good

The daily chart shows support of MA20,50. MACD is still above 0.

But 15min shows price has broken out of up channel. MACD fallen below 0.

Thus short term is bearish.
Will wait for daily chart to be more bearish (eg. price fall below MA) before initiate a short position.

daily
=====


15min
=====

4-12-07 : BSC put trade

I will short / put BSC tonite.

Short trade setup
=================
short @ 96.50
cut @ 100.50 (max loss = $4)
profit @ 91.50 (max profit = $5)
risk:reward = 1:1.25

daily
====


15min
=====

4-12-07 : USD-JPY Short position

Short USD-JPY @ 110.17
cut @ 110.60 (max loss = -$43)
profit @ 109.00 (max profit = $107)
risk:reward = 1:2
reason to short :
Daily : At top of down channel. ERF#1
1hr : break up trendline. Break below 110.40 resistance.

daily
====


1hr chart
========

4-12-07 : RIMM gets Hot Wet Blanket

Now that its below MA20,50, hot wet blanket forms, and its time to put the counter.

daily
====


15min
====

4-12-07 : GS bearish

GS falls outside the up channel as well, just like GOOG.
Except that it fell out of channel last Fri, and stays outside the channel
yesterday. 15min MACD is flat at 0 area.

I prefer to sell GS call if any. Not going to initiate any short position either.

daily
====


15min
====

4-12-07 : GOOG turns bearish

GOOG is still above MA20 in daily chart. But for 15min chart it broken the
up channel, and MACD stays below 0. Thus i'm not too bullish on GOOG at this point.
I will sell any long position. But will not initiate my short position yet.

daily chart
============


15min chart
===========

4-12-07 : Short Crude Oil

Trade setup
==========
Short Crude Oil @ 88.39
Cut @ 91.2 (max loss = -$273)
Profit @ 84.82 (max profit = $439)
risk:reward = 1:1.6
Reason to short : break daily trendline support.


daily chart
===========


1hr chart
=========

4-12-07 : Long EUR-USD

Using my parallel channel trading concept, EUR-USD has reached upper channel bottom. Its time to "bottom Fish" this pair.

Its a bit risky coz there's no rebound from trendline yet. Thus not a ERF#1.
We will see if this trade turns out ok.

Trade
=====
Long EUR-USD @ 1.4639
Cut @ 1.4580 (max loss = $59)
Profit @ 1.4900 (max profit = $261)
Risk : Reward = 1 : 4
Reason to long : Daily chart is at trendline support. 1hr chart is at 10 days double btm.

daily chart
===========


1hr chart
===========