Trader Tony » stopped out

Took a loss in SPX. Bough USD/JPY

tradertony — Wed, 20 Jan 2010 15:52:55 +0000

As I have posted before, SPX was forming a nice buying pattern, so I decided to grab some contracts at 1142. Was stupid enough to hold it for too long, so exited finally at a loss 1138.

After witnessing a downfall in stocks, with all support levels being broken, I turned my attention to currencies. Here is a nice long opportunity in USD/JPY.

Bought some at 91.20, have a very tight stop here at 91.10, so it either works out right away or it doesn’t. My first target is at 92.00, 96-97 longer term.

If I stopped out, will look to get back into position.

Buying area is finally reached.

Trader Tony — Tue, 10 Feb 2009 18:23:39 +0000

Buying at 828-232.

Stop 5 points. No target yet.

Edit: Stopped out. -5 pts.

Timing! Timing! Timing!

Exiting entire positon

Trader Tony — Thu, 08 Jan 2009 18:10:25 +0000

I decided to close my SPY calls, because it seems that there is not enough buyers in the market – every attempt to break higher faces selling pressure. Chances of going lower than 890 are getting pretty high. Besides there is a symmetrical triangle ready to break downside.

Total loss for position is 15% (sold all at 0.95)