Wednesday, April 13, 2011

2011-04-12th (Tues)

Sell 200 Contracts Nikkei 225 at 9502.2 (2011-04-12, 19:48 pm EST) and Japan begins trading in 12 minutes.

Sell 200 Contracts Nikkei 225 at 9578.20 (2011-04-12, 20:10 pm EST)

This brings my positions to;
Short 150000 USDJPY with ACB of 83.227
Short 1700 contracts Nikkei 225 with ACB of 9553.34

USDJPY is currently at 83.909 (2011-04-12, 22:29 pm EST)
Nikkei 225 is currently at 9549.30 (2011-04-12, 22:29 pm EST) between sessions.

Goldman Sachs closing its Long CCCP Basket of Crude Cotton Copper Platinum, and 40% is WTI contracts.  I took no action and has no view on Crude, Copper, Gold, Silver.

USDJPY is currently at 84.003 (2011-04-13, 00:23 am EST)
Nikkei 225 is currently at 9588.00 (2011-04-13, 00:23 am EST)

So far this trading session is too quiet and to me is like the calm before the storm.

I am considering closing my USDJPY and Nikkei 225 trades even though I added to my position this evening, but so far multiple time frames of Candles are still in agreement on the downtrend, and this I know can change at a moments notice when the visible hand of intervention arrives to move the Nikkei 225 in one fell swoop.

If there is to be intervention I hope that will come on this Thursday or Friday so as to scare the Shorts away, that includes me and I hope to have exited by tomorrow.

Stay tuned,

Jeff
(2011-04-13, 00:30 am EST)

No comments:

Post a Comment