Review 4th Week of October

What worked really well this week was trading the 60 Min S&P Chart. Other instrument also had big swings but due to their high volatility the overall profit potential was very low because only 1 or 2 contracts where tradeable with a 4% risk whereas on the S&P sometimes 8 contracts where tradeable.

30th October Friday

New Positons:

• Silver short

28th October Wednesday

Closed Positions:

• Natural Gas short
• Silver short
• Corn short
• Wheat short
  

26th October Monday

New Positions:

• Silver short
• Crude Oil short
  
• Corn short
  

Closed Positions:

• Crude Oil short

Day Trades:

• Corn short
  
• Nasdaq long
• Crude Oil short and long
  

Preview 4th week of october

• S&P short (60 Min Setup), like on the 31th August we might see a continuation of fridays downtrend then a bounce up and a massive short on Tuesday. So the least risky what to play indicies short might be with he Russel since S&P is still more bullish than the Russel and of coure in case the uptrend continues Nasdaq long.
  
• Gold short (60 Min Setup), same as S&P the down move already started so we can see a bounce and then maybe a continue.
  
• Silver looks more bullish so if the Dollar gets weaker again we might see a good long entry here.
• Corn has potential for a correction down with 384 target
• Crude Oil after US Market Opens the best trade would be long but like last week I will take any trade Monday to Thursday
• Natural Gas already short, so holding till at least 5,320 target
• 30 Year Bond short trend, holding one more point down then we might see a pause.
  

Trading Plan: How large can a swing be

Swings are symmetrical so the next down swing will be similar like an up or downswing in the past. In the S&P market we have lately swings with 25 or 17,5 points

Trading Plan: Swing or Daytrading

On some trends and instrument it simply does not make sense to hold a position overnight. Have a look at the 30 Year bond only from 7 am to 9 am lots of movement can be seen.

Trading Plan: When to make an re-entry

First of all: Re-entries are risky, they only should be taken if there is a real confirmation that the trend continues. As everyone know there needs to be a double bottom that a down trend to ends, so after we seen the first bounce its wise to wait till ADL indicator is also decreasing and of course we must see a structure break so price breaks below a trendline.

23th October Friday

New Positions:

• Crude Oil short
• S&P short
  

Closed Positions:

• Wheat long
  
• Corn long
• Russel long
  

Day Trades:

• Crude Oil short
• Gold short and long
  

22th October Thursday

New Positions:

• Russel long

Closed Positions:

• 
  

Day Trades:

• Crude Oil short
• Russel long
• Silver short and long
  

21th October Wednesday

New Positions:

• Crude Oil long
• Corn long
  

Closed Positions:

• 30 Year Bonds long
• Crude Oil long 3,3 Points
• Nasdaq long
  

Day Trades:

• Crude Oil short and long
• Gold short
  

20th October Tuesday

New Positions:

• 
  

Closed Positions:

• Crude Oil long
• Gold long

Day Trades:

• Crude Oil short and long
  

19th October Monday

New Positions:

• Wheat long
• Nasdaq long
• Gold long
  

Closed Positions:

• Nasdaq short Breakeven
• S&P short Breakeven

Day Trades:

• Crude Oil short
• Natural Gas short

Preview 3th week of october

S&P, Nasdaq, Natural Gas and Silver have Sell Setups on Daily charts. So on crude oil we might also see falling prices. On Gold we also have a Manual DP sell signal on 60 Min Charts but on 240 Min we might see the confirmation of the long signal. Corn also fired of a 60 Min short signal only wheat might have a double bottom (we will se on monday if this holds)

60 Min Russel and S&P also fired off a short signal. All eyes are on the dollar index depending which way it breaks stocks and commodities will either rally again or begin the october decline.