RSH – out

998 views

Got stopped out last week when it broke the weekly candle low @ 3.20.  Sold remaining for $0.44 each.

Currency trades going as planned

524 views

From my previous post I went long the USD/CAD and was waiting to go short the GBP/USD.

 

USD/CAD:

Out 75% of my initial position. Will look to get back in.   My stop is the previous week’s low in the weekly chart below.

I’ll be monitoring the USD/CAD (Long) and the AUD/USD (short) for the rest of 2013 as I think they will make big moves.

 

GBP/USD:

Well I missed the short in this trade like I had outlined in my previous post but I did catch a nice little day trade going long.

I think this trade is done for the near term. It will probably want to consolidate to the weekly 20ma before making a decision on going lower or higher.

Currency wars – more debasement, VRTX, RSH

549 views

I think this year’s best trades will be in the currency market.  The US has been setting the base for a long time debasing the dollar.  Now Japan is starting to respond in kind as it needs to continue to print money and debase it’s own currency.

Take a look at what the US Dollar debasing has done to the Canadian dollar.  It’s been pushed waaay down and doesn’t look like it can go any further. The Canadians will probably retaliate this year like the Japanese have done and start printing. Below is the monthly chart over the last 5 years, looks heavily compressed and ready to POP.

The daily chart below shows a move, perhaps the beginning of a long move up for the USD/CAD pair.

I am long the USD/CAD from the pullback to the 20ma last week @ 1.00294

Stop @ 0.99319

 

Similarly the British Pound looks to be a short. I’d be looking to short off a pull back to the 20 MA sitting around the 1.598 area.

The Japanese Yen needs to consolidate so I’m leaving that one along for a while until it gets ready for the 2nd leg of it’s monster move.

 

VRTX:

This turd started to move back up again, very strong. I thought about staying in but with the option losing it’s value quickly I decided to exit it and wait for a clean breakout to the upside.

Sold stock @ $46.02 for a -0.51 loss.  Sold the put @ 1.70 for -0.10 loss.

Total loss was -$0.61 so the trade performance was R = -0.264  or put it another way I lost a little over a quarter of the original amount ($2.31)I had set aside as my loss amount.

RSH

I’m still holding on to 20% of calls my remaining calls which are up over 400%.

VRTX , DRYS

236 views

Looks like the market rally is starting to fizzle out. I was thinking the Dow futures would at least go to the 14,000 – 14,100 area.  The rally isn’t dead by any means but it was a bit of a steeper sell off than I expected. But the market always seem to bounce back so don’t fight it until it tags the 14,000 level.

DRYS

break fizzled. Got stopped out at the revised stop at $2.18 for a 0.31R loss. Which means instead of taking the full 1R (13 cents) loss I took a 31% less one at only 4 cents. And this is what you want with losses, keep’em smaller than expected.

VRTX

I’m still in this trade. I did buy slightly more puts than I have actual stock. I did this so I could make money if the stock moves significantly in either direction. The risk in this stock is R = $2.31 and thats when the stock is right around the $46.50 area. It’s long biased so it goes into the green when it moves above $48.82 or  below $43. So I need it to move over those levels in the next few days.

 

VRTX

332 views

This one looks like it could break either way on earnings tonight, it’s highly compressed at the moment.

If I were to guess it would be long because the market just wants to go up. But I’m not taking any chances, I’m really just playing the volatility in any direction.

So I’m deciding whether to play it via a strangle (long call, long put) or even go the married put (long shares, long put) route.

I can’t seem to load charts.

Update: I ended up buying stock @ $46.51 and some Feb 46 Puts for protection. All this talk about them having things in the pipeline convinced me to stay  in it longer than just for earnings.  No action after hours so far, we’ll see tomorrow.

DRYS breaking out

180 views

This POS is breaking out. Becareful it’s thin and whippy.

Long @ $2.22

Stop @ $2.09

 

Update 12:38pm: moved stop to $2.18

Still not able to upload charts

RSH +14% on Friday and +21% Today WOW!!! , BIDU

313 views

Radio Shack is on a tear, what is going on???  Can’t believe it reached my target so fast.

I sold out another 40% of my options today. If it consolidates then I’ll buy more options. Otherwise I’ll just wait and see.

Anybody know what’s going on with them? Buy out? Investment?  It really doesn’t matter because it was all in the charts anyway.  But it’s human nature to be curious as to the “why”.

Chart: Left side is the weekly and the right side is the daily.

 

I can’t remember the last time I was in a Radio Shack, I don’t even know how they’ve survived this long.

 

BIDU:

I took a day trade in this stock today. Went long when it broke Friday’s high and then sold it off into the 2nd spike in the afternoon. I’ll just continue to day trade it if it continues it’s little run.

RSH and Yen Update

304 views

YEN:

I guess I was early with the Yen trade. This is why you should only trade falling knives with options with the idea that losing the full value of the option is your risk capital.

The trade isn’t dead until the Feb monthly expiration so there’s still hope, although dim as it may be.

 

RSH:

Radio Shack finally made a move, a nice 14% one on Friday.  I harvested (sold) 40% of my options.

I’ll sell 30% more when it reaches the $3 – $3.50 area.

Finally, I’ll sell out completely when it reaches the $6 area.

My stop out is the low of the previous weekly candle low, which for last week is sitting at $2.20.

 

For this week BIDU looks very interesting for a last minute break out before their earnings next week. I’ll be keeping a close eye on it.

Fun Trade – RSH

267 views

I like this price action and if it were an Apple or Goog I’d be serious about this trade. But Radio Shack has proven one thing, it likes to do nothing and just grind down lower with the occasional “let’s drop 30%” game.

But it’s been consolidating for a long time now so it maybe ripe for a pop.

I bought some April 3 Calls for 0.11

I’ve set my alerts to trigger if the stock trades above $3. Now I can just let it do it’s thing and forget about it.

If there is a hint of any kind of buyout or merger, this stock will probably rocket. Here’s the weekly chart, looks tasty.

Will Radio Shack disappoint as it usually does or will it finally get it’s act together?

Happy New Year and Going Long the YEN

440 views

Hope you had a good break.

I’ve been following the Yen since October and have been trading usd/jpy since when it was under 79. I made a post in November when it reached my first target, bounced around, and then crossed over signalling the 2nd and larger move towards my 2nd target at $86.50. We hit that at the new year market, pretty amazing. I never thought the Yen would collapse so quickly. I’m regretting not putting on a mother load position like I planned but I’m still happy with the numerous day trades I’ve had.

(remember, usd/jpy going up means the US dollar is strengthening and the Yen is weakening)

Back on Nov 15, 2012:

 

Today, Jan 2, 2013 we have this:

 

So, I am early? Could the Yen weaken further? Absolutely, it’s strong and everyone wants to short the Yen.

But I think it’s had a huge run and this isn’t a bad place to start scaling in for a minor correction to the daily 20ma (currently sitting at 84.33).

I’m doing this via FXY options, Feb 115 calls.  Will scale in more if it starts to go my way. Otherwise it may turn into a Strangle position where I buy puts, but that will be determined by price action.

 

RSH – out

998 views

Got stopped out last week when it broke the weekly candle low @ 3.20.  Sold remaining for $0.44 each.

Currency trades going as planned

524 views

From my previous post I went long the USD/CAD and was waiting to go short the GBP/USD.

 

USD/CAD:

Out 75% of my initial position. Will look to get back in.   My stop is the previous week’s low in the weekly chart below.

I’ll be monitoring the USD/CAD (Long) and the AUD/USD (short) for the rest of 2013 as I think they will make big moves.

 

GBP/USD:

Well I missed the short in this trade like I had outlined in my previous post but I did catch a nice little day trade going long.

I think this trade is done for the near term. It will probably want to consolidate to the weekly 20ma before making a decision on going lower or higher.

Currency wars – more debasement, VRTX, RSH

549 views

I think this year’s best trades will be in the currency market.  The US has been setting the base for a long time debasing the dollar.  Now Japan is starting to respond in kind as it needs to continue to print money and debase it’s own currency.

Take a look at what the US Dollar debasing has done to the Canadian dollar.  It’s been pushed waaay down and doesn’t look like it can go any further. The Canadians will probably retaliate this year like the Japanese have done and start printing. Below is the monthly chart over the last 5 years, looks heavily compressed and ready to POP.

The daily chart below shows a move, perhaps the beginning of a long move up for the USD/CAD pair.

I am long the USD/CAD from the pullback to the 20ma last week @ 1.00294

Stop @ 0.99319

 

Similarly the British Pound looks to be a short. I’d be looking to short off a pull back to the 20 MA sitting around the 1.598 area.

The Japanese Yen needs to consolidate so I’m leaving that one along for a while until it gets ready for the 2nd leg of it’s monster move.

 

VRTX:

This turd started to move back up again, very strong. I thought about staying in but with the option losing it’s value quickly I decided to exit it and wait for a clean breakout to the upside.

Sold stock @ $46.02 for a -0.51 loss.  Sold the put @ 1.70 for -0.10 loss.

Total loss was -$0.61 so the trade performance was R = -0.264  or put it another way I lost a little over a quarter of the original amount ($2.31)I had set aside as my loss amount.

RSH

I’m still holding on to 20% of calls my remaining calls which are up over 400%.

VRTX , DRYS

236 views

Looks like the market rally is starting to fizzle out. I was thinking the Dow futures would at least go to the 14,000 – 14,100 area.  The rally isn’t dead by any means but it was a bit of a steeper sell off than I expected. But the market always seem to bounce back so don’t fight it until it tags the 14,000 level.

DRYS

break fizzled. Got stopped out at the revised stop at $2.18 for a 0.31R loss. Which means instead of taking the full 1R (13 cents) loss I took a 31% less one at only 4 cents. And this is what you want with losses, keep’em smaller than expected.

VRTX

I’m still in this trade. I did buy slightly more puts than I have actual stock. I did this so I could make money if the stock moves significantly in either direction. The risk in this stock is R = $2.31 and thats when the stock is right around the $46.50 area. It’s long biased so it goes into the green when it moves above $48.82 or  below $43. So I need it to move over those levels in the next few days.

 

VRTX

332 views

This one looks like it could break either way on earnings tonight, it’s highly compressed at the moment.

If I were to guess it would be long because the market just wants to go up. But I’m not taking any chances, I’m really just playing the volatility in any direction.

So I’m deciding whether to play it via a strangle (long call, long put) or even go the married put (long shares, long put) route.

I can’t seem to load charts.

Update: I ended up buying stock @ $46.51 and some Feb 46 Puts for protection. All this talk about them having things in the pipeline convinced me to stay  in it longer than just for earnings.  No action after hours so far, we’ll see tomorrow.

DRYS breaking out

180 views

This POS is breaking out. Becareful it’s thin and whippy.

Long @ $2.22

Stop @ $2.09

 

Update 12:38pm: moved stop to $2.18

Still not able to upload charts

RSH +14% on Friday and +21% Today WOW!!! , BIDU

313 views

Radio Shack is on a tear, what is going on???  Can’t believe it reached my target so fast.

I sold out another 40% of my options today. If it consolidates then I’ll buy more options. Otherwise I’ll just wait and see.

Anybody know what’s going on with them? Buy out? Investment?  It really doesn’t matter because it was all in the charts anyway.  But it’s human nature to be curious as to the “why”.

Chart: Left side is the weekly and the right side is the daily.

 

I can’t remember the last time I was in a Radio Shack, I don’t even know how they’ve survived this long.

 

BIDU:

I took a day trade in this stock today. Went long when it broke Friday’s high and then sold it off into the 2nd spike in the afternoon. I’ll just continue to day trade it if it continues it’s little run.

RSH and Yen Update

304 views

YEN:

I guess I was early with the Yen trade. This is why you should only trade falling knives with options with the idea that losing the full value of the option is your risk capital.

The trade isn’t dead until the Feb monthly expiration so there’s still hope, although dim as it may be.

 

RSH:

Radio Shack finally made a move, a nice 14% one on Friday.  I harvested (sold) 40% of my options.

I’ll sell 30% more when it reaches the $3 – $3.50 area.

Finally, I’ll sell out completely when it reaches the $6 area.

My stop out is the low of the previous weekly candle low, which for last week is sitting at $2.20.

 

For this week BIDU looks very interesting for a last minute break out before their earnings next week. I’ll be keeping a close eye on it.

Fun Trade – RSH

267 views

I like this price action and if it were an Apple or Goog I’d be serious about this trade. But Radio Shack has proven one thing, it likes to do nothing and just grind down lower with the occasional “let’s drop 30%” game.

But it’s been consolidating for a long time now so it maybe ripe for a pop.

I bought some April 3 Calls for 0.11

I’ve set my alerts to trigger if the stock trades above $3. Now I can just let it do it’s thing and forget about it.

If there is a hint of any kind of buyout or merger, this stock will probably rocket. Here’s the weekly chart, looks tasty.

Will Radio Shack disappoint as it usually does or will it finally get it’s act together?

Happy New Year and Going Long the YEN

440 views

Hope you had a good break.

I’ve been following the Yen since October and have been trading usd/jpy since when it was under 79. I made a post in November when it reached my first target, bounced around, and then crossed over signalling the 2nd and larger move towards my 2nd target at $86.50. We hit that at the new year market, pretty amazing. I never thought the Yen would collapse so quickly. I’m regretting not putting on a mother load position like I planned but I’m still happy with the numerous day trades I’ve had.

(remember, usd/jpy going up means the US dollar is strengthening and the Yen is weakening)

Back on Nov 15, 2012:

 

Today, Jan 2, 2013 we have this:

 

So, I am early? Could the Yen weaken further? Absolutely, it’s strong and everyone wants to short the Yen.

But I think it’s had a huge run and this isn’t a bad place to start scaling in for a minor correction to the daily 20ma (currently sitting at 84.33).

I’m doing this via FXY options, Feb 115 calls.  Will scale in more if it starts to go my way. Otherwise it may turn into a Strangle position where I buy puts, but that will be determined by price action.

 

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ACN - Out
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