onsdag den 1. juli 2009

If at first you don't succeed, find out if the loser gets anything.



Dear Investor,

Traded like a total idiot - please remind me that I am a MACRO trader not a micro trader - it is back to basic for this tosser............


  • P&L since inception(Mid-June 2009).... now -125 bps.....

Jobless data tomorrow will we break the magic 10 % in unemployment - On top of this we got short week due to the 4th of July celebration, so Thursday will be major day for data:

The market is expecting this: http://www.bloomberg.com/markets/ecalendar/index.html


It is also the TURN-DATE/CYCLICAL WINDOW I have looked for: July 2/3

Despite promising to keep the powder dry, I have used considerable dollars on buyin downside in EUR/USD as I continue to see a cyclical change coming with the US having to take stronger currency first - I have have also sold a little more crude - on the back of better technical trading - otherwise I remain with the program believing the next two month could see 880- then 860- and in my opinion even outside chance of even new lows (666 S&P) - based on the extreme euphoria imbedded in all commentaries and media (Yes, I listen to CNBC all day long )

930-935 S&P needs to cap for now - EURUSD 1,4338 the old May high at risk now - this could very likely be me being too negative but I need to stay with my models and play the contrarian although after day like today its tempting to roll-over and go with the flow...

I noticed this one story - supporting my views today on how banks & regionals not been part of the rally....
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCmsKKqx_Xq0

Enough - a long day for me ...

Positions:

Short EURUSD cash and very big in options
Short S&P - took some profit on 905 on 50% yday - long puts August
Short Dax intraday play - expensive...
Gold - stopped out..
Crude added to short..... net short now 68.50.........

Safe trading,

Steen

2 kommentarer:

Artem Dmytrenko sagde ...



Dear Investor,

Traded like a total idiot - please remind me that I am a MACRO trader not a micro trader - it is back to basic for this tosser............


  • P&L since inception(Mid-June 2009).... now -125 bps.....

Jobless data tomorrow will we break the magic 10 % in unemployment - On top of this we got short week due to the 4th of July celebration, so Thursday will be major day for data:

The market is expecting this: http://www.bloomberg.com/markets/ecalendar/index.html


It is also the TURN-DATE/CYCLICAL WINDOW I have looked for: July 2/3

Despite promising to keep the powder dry, I have used considerable dollars on buyin downside in EUR/USD as I continue to see a cyclical change coming with the US having to take stronger currency first - I have have also sold a little more crude - on the back of better technical trading - otherwise I remain with the program believing the next two month could see 880- then 860- and in my opinion even outside chance of even new lows (666 S&P) - based on the extreme euphoria imbedded in all commentaries and media (Yes, I listen to CNBC all day long )

930-935 S&P needs to cap for now - EURUSD 1,4338 the old May high at risk now - this could very likely be me being too negative but I need to stay with my models and play the contrarian although after day like today its tempting to roll-over and go with the flow...

I noticed this one story - supporting my views today on how banks & regionals not been part of the rally....
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCmsKKqx_Xq0

Enough - a long day for me ...

Positions:

Short EURUSD cash and very big in options
Short S&P - took some profit on 905 on 50% yday - long puts August
Short Dax intraday play - expensive...
Gold - stopped out..
Crude added to short..... net short now 68.50.........

Safe trading,

Steen

Steen Jakobsen sagde ...



Dear Investor,

Traded like a total idiot - please remind me that I am a MACRO trader not a micro trader - it is back to basic for this tosser............


  • P&L since inception(Mid-June 2009).... now -125 bps.....

Jobless data tomorrow will we break the magic 10 % in unemployment - On top of this we got short week due to the 4th of July celebration, so Thursday will be major day for data:

The market is expecting this: http://www.bloomberg.com/markets/ecalendar/index.html


It is also the TURN-DATE/CYCLICAL WINDOW I have looked for: July 2/3

Despite promising to keep the powder dry, I have used considerable dollars on buyin downside in EUR/USD as I continue to see a cyclical change coming with the US having to take stronger currency first - I have have also sold a little more crude - on the back of better technical trading - otherwise I remain with the program believing the next two month could see 880- then 860- and in my opinion even outside chance of even new lows (666 S&P) - based on the extreme euphoria imbedded in all commentaries and media (Yes, I listen to CNBC all day long )

930-935 S&P needs to cap for now - EURUSD 1,4338 the old May high at risk now - this could very likely be me being too negative but I need to stay with my models and play the contrarian although after day like today its tempting to roll-over and go with the flow...

I noticed this one story - supporting my views today on how banks & regionals not been part of the rally....
http://www.bloomberg.com/apps/news?pid=20601087&sid=aCmsKKqx_Xq0

Enough - a long day for me ...

Positions:

Short EURUSD cash and very big in options
Short S&P - took some profit on 905 on 50% yday - long puts August
Short Dax intraday play - expensive...
Gold - stopped out..
Crude added to short..... net short now 68.50.........

Safe trading,

Steen