2011-04-13th (Wed)

Currently I have the following positions;
Short 150000 USDJPY with ACB of 83.227
Short 1700 contracts Nikkei 225 with ACB of 9553.34

USDJPY is currently at 83.526 (2011-04-14, 01:54 am EST)
Nikkei 225 is currently at 9647.40 (2011-04-14, 01:54 am EST)

I have not heard any updates on the nuclear situation in Japan, and scanning the individual index component stocks I judge today was only mild bargain hunting.

For Nikkei 225 for some strange reason I have stuck in my mind that a major gap-up will occur today or Friday, I do not know why I have this emotion.  Intellectually, I have not reduced my exposure, but has in fact added to my Short yesterday.  Clearly I am battling myself.

That was yesterday and today Nikkei 225 rose slightly.  As of this moment I am equal in confidence of its direction for the next 24-hours for my charts are not giving me a consensus.  In English this means I will not be surprised if it moves up or down tomorrow.

I document my own contradiction between my emotions and intellect, or lack of, so this will serve as a lesson for the future.

For USDJPY I continue to see USD weakening more and may continue for tomorrow and Friday.  I am very comfortable with my Short position.

Having closed out my Copper trade on 04/10th the metal has now appeared back on my radar screen.  Copper May 2011 is currently at 430.53 (2011-04-14, 02:18 am EST) yet I hesitate to open a new Long position with only Thursday and Friday left in the trading week.

For Wheat May 2011 currently at 752.75 (2011-04-14, 02:34 am EST) it is at a level where I would neither Long or Short.

When Wheat May 2011 was at 804.88 (2011-04-11, 01:42 am EST) I placed the following trades;
GTC Sell 10 contracts Wheat May 2011 at 820.00
GTC Sell 10 contracts Wheat May 2011 at 830.00
GTC Sell 10 contracts Wheat May 2011 at 840.00

Personally I would like Wheat to fall more so I can go Long, for it is more dangerous to Short Wheat.

I have no interest to Long or Short Gold and Silver and Crude at these levels.

Stay tuned.

Jeff
(2011-04-14, 02:43 am EST)