Archive

Archive for September, 2009

Good Reward / Risk

September 16th, 2009 No comments

This one of the good setup to enter. Long USD/JPY @90.36

chart

Categories: Forex Tags:

Time to Buy Gold?

September 3rd, 2009 2 comments

After several months in trading range, Gold seems try to search a direction again.

gold

Break out 960 level. This is why i closed my position on my GLD bear credit spread. Read more…

Categories: Stocks Tags:

Warning Signal !!!

September 2nd, 2009 No comments

We start September month by a major decline on S&P 500. While economic data on manufacturing, construction and pending home sales were positive, investor seem to worry about financial problem ahead.

day trade

Yesterday, Index breakdown the shortterm downtrend support line. It’s normal, as we know that S&P 500 index keep advancing since march while economy still in recession. I entered a day trade yesterday on SPY Put 100 @6.30 and i take profit @6.45 (only +0.15 of 6.30 / 2.38% in 40 minutes) .

This can be a warning signal for the bull. But i consider to wait a clear signal to short the market.

Categories: Stocks Tags: