LOLEK 555 - trading journal, live trades (not signals)

Posts: 283 · #76 - August 02, 2020, 01:42:04 AM

damn this looks bad for further gains on indices.. Citi panic/euphoria - last time it was so high in 2000 internet bubble .. last time i saw this chart it was around 0.6

Posts: 283 · #77 - August 02, 2020, 06:37:42 PM

EURUSD and USDJPY weekend prices . Eur is at previous week's volume support and i will consider buying after spreads will get little lower. UJ maybe gapping up..

Posts: 283 · #78 - August 02, 2020, 10:16:38 PM

entered EU long at 1,1779 SL - 1.1749 TP - 1.1831 ... I waited an hour after open because the spreads were too high today on eur (almost 5 pips ).

Posts: 283 · #79 - August 03, 2020, 11:26:44 AM

stopped out on the eur long trade.

now i observe if this break below 1.1766-42 is not fake because if eur will come back above it is still a buy. maybe i will short these levels too with target at 1.1706. DXY overall is in a second day of reversal (UJ, UChf, GU) .
Gold is not reacting on this dollar strength too much , it could be beacause bonds are sitting in highs..

Posts: 283 · #80 - August 03, 2020, 01:00:18 PM

sold pound for quick scalp from 1.3040 and closed already. GBP is more dynamic than eur..

I watch BTCUSD and will sell at 11400-450 not lower .. will see if the market catch this level.

Posts: 283 · #81 - August 03, 2020, 02:23:39 PM

closed some micro long on EUR and Gold and now will see, EUR was good for buy around 1.1700 because there is big vol. level from the whole rally from 21st July. so it is make or break level for EU , if break lower shorts will accelarate.

still watching BTC for selling the mentioned earlier levels.

no indices trades for me (too high levels) - NQ new ATH, sp500 3300 maybe later i will sell considering too big euphoria but for now these markets are too slow and it is 1st day of the month so will see how it all develops.

Posts: 283 · #82 - August 03, 2020, 07:56:39 PM

no trades for me , lack of dynamic and high levels on indexes took volatility from all markets.. FX too.
intermarket moves.

US500 3300 tagged and can;t go higher , NQ all time high . SP500 if 3300 will hold 3339 is next target.

Bonds very high weekly open and 24h price action is up and down.

DXY on US session is moving only in one direction giving up today;s all gains.

ViX ending day with no power on the lows ..

for now i don;t see good risk reward trade except selling indices. but i will wait for some other confirmations.

Posts: 283 · #83 - August 04, 2020, 12:29:23 AM

interesting artictle by Reuters about recent moves on bond yields (inverted to bond prices) and how this affects dollar , overall markets, economy.
the article is good but Reuters from few days have too many articles about bonds.. the timing of their articles is not random. i mean many times they call bottom or top on some assets .. so i will look at this as a contrarian.

Posts: 283 · #84 - August 04, 2020, 08:32:27 AM

today after London open i sold some EU from 1.1800 and GU from 1.3090 closed already , i noticed some demand on Eurgbp so pound was a better trade for almost 30 pips and i'm still going to watch if GBP will hold below 1.3105 for today. Big sellers are sitting there until they'are absorbed the selling should continue

Posts: 283 · #85 - August 04, 2020, 12:52:11 PM

took only 46 pips from this GBP down move but it is what it is .. next time will try better.
GU broke 1.3000 and if EG demand will hold and DXY will gain more gbp should test 1.2950. but there is an option that 1.30 will be defended.. no trades for me now.

Posts: 283 · #86 - August 11, 2020, 05:20:34 PM

from my last post some nice moves occurred on few markets i watch.

first bonds formed reversal pattern from weekly chart and today selloff accelerated aslo gave gold nice correction from the 2075 high , now i think the recent Fed monetary policy won't allow bonds' prices to fall but it is now bottom for USD too until further bonds rally.
SP500 should make historic highs from these levels. ViX without power at the lows another down trend week.
1 recent trade i have is short DOW from 28128 - in progress.

Posts: 283 · #87 - August 11, 2020, 10:36:56 PM

dow jones closed with profit around 370 points (this was fast...) unfortunately these are not normal lots only micro...

Posts: 283 · #88 - August 11, 2020, 10:46:13 PM

about markets situation what next

VIX is waking up closed above weekly open this is what i will analyze on the daily basis now because if the gains will hold deeper corrections on US indexes are possible. Dow Jones gave up 400 points from the top this is something huge. NQ lower but SP 500 still closed still in buying zone . bonds stopped the selloff too so now it is time to watch further action before taking any trades.

Posts: 283 · #89 - August 11, 2020, 10:49:28 PM

and SP500 buying zone (for now) ...

Posts: 283 · #90 - August 12, 2020, 04:40:33 PM

today was a busy day , only traded NQ longs from Tokyo open then on London added to the position and closed all around 11073 after US open. The major signal for me was as mentioned yesterday VIX, i followed the trend. VIX showed early weakness on Asia and London confirmed . US session broke the weekly open. Next thing is that weaker bonds doesn't mean top on US indices. SP 500 is reacting nicely from yesterday "buying zone" and NQ followed . DXY is stable for now without trend. now i wait for a correction on NQ and maybe further buying. Big volume zone has been broken around 11073.