Monday, September 22, 2008

dow jones, plunge protection team, natural gas, silver

many trades - little result :o((. well, i have bought 1 silver + 1 gas contract, than just tried to make some profit with down jones index trades. the initial strategy was to trade the late recovery of DJIA after a very, very weak day, which is probably often caused by massive buying through the plunge protection team (PPT). btw, do you know which money do they use? government money, FED money, taxpayers money, fictitious (not actually existing!) money or a combination of all of them? however, there was no strong PPT buying today ... so i've tried to pick-up some bigger movements in DJIA and hoped for one great hit watching the screen or even leaving my trading room for a while, but that big hit didn't come today :o). even a break of the psychological border @ 11.000 points didn't last long and the index has changed its direction again .... well, i've lost 76 euros (~112 usd) by jumping in and out several times, what reduced my sooooo successful day with commodities a little (my silver, orange juice and coffee contracts won about 200 € combined).

item--------------: silver
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 09/22/2008, 18:28
entry price-------: 13.53
initial stop-loss--: 13.33
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: i did recognize a flag chart pattern again, so i decided to risk an entry a put a proper stop-loss-limit below the flag. the falling usd against euro and raising gold also 'supported' my decision. after that could the silver price increase a little to 13.63, but not enough to allow me to move my exit point above my entry price.


item--------------: natural gas
units--------------: 1
order type--------: market
trade type--------: long
entry date--------: 09/22/2008, 18:37
entry price-------: 7.63
initial stop-loss--:
new stop-loss----:
exit date---------:
exit price---------:
profit (loss) in %-:
profit (loss)------:
reason why + strategy: well, i had an order @ 6.96 which wasn't filled today, i've missed a better entry point (because of my office job :o) in the early afternoon @7.40, so i 've opened an initial position @7.63 in the evening. i will place 2 additional buy orders @6.66 and @6.06 and thus participate in the seasonal winter rally :o))


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/22/2008, 18:59
entry price-------: 11.170
initial stop-loss--: 11.146
new stop-loss----:
exit date---------: 09/22/2008, 19:06
exit price---------: 11.146
profit (loss) in %-: (0.21%)
profit (loss)------: ($24)
reason why + strategy: trying to trade the late recovery of DJIA after a very, very weak day, which is probably caused by massive buying through the plunge protection team (PPT). later i was trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 19:24
entry price-------: 11.134
initial stop-loss--: 11.157
new stop-loss----:
exit date---------: 09/22/2008, 19:26
exit price---------: 11.157
profit (loss) in %-: (0.2%)
profit (loss)------: ($23)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/22/2008, 19:31
entry price-------: 11.180
initial stop-loss--: 11.165
new stop-loss----:
exit date---------: 09/22/2008, 19:33
exit price---------: 11.165
profit (loss) in %-: (0.13%)
profit (loss)------: ($15)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (buy) / limit (sell)
trade type--------: long
entry date--------: 09/22/2008, 19:35
entry price-------: 11.175
initial stop-loss--: 11.159
new stop-loss----:
exit date---------: 09/22/2008, 19:43
exit price---------: 11.159
profit (loss) in %-: (0.14%)
profit (loss)------: ($16)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 20:25
entry price-------: 11.052
initial stop-loss--: 11.082
new stop-loss----: 11.062 (my biggest mistake today. after reaching 11.065 fell DJIA bellow 11.000 an that would more than cover all earlier losses :-()
exit date---------: 09/22/2008, 20:34
exit price---------: 11.062
profit (loss) in %-: (0.09%)
profit (loss)------: ($10)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 20:40
entry price-------: 11.041
initial stop-loss--: 11.061
new stop-loss----: 11.022 ... btw, the index was already bellow 11.000 but than recovered :o/
exit date---------: 09/22/2008, 20:51
exit price---------: 11.022
profit (loss) in %-: 0.17%
profit (loss)------: $19
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 20:55
entry price-------: 10.991
initial stop-loss--: 11.011
new stop-loss----:
exit date---------: 09/22/2008, 20:57
exit price---------: 11.011
profit (loss) in %-: (0.18%)
profit (loss)------: ($20)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: the was too little patience and to small budget to allow the index to move against my position a little bit, therefore i was stopped out tooo often


item--------------: DJIA >> position closed
units--------------: 1
order type--------: market (sell) / limit (buy)
trade type--------: short
entry date--------: 09/22/2008, 21:02
entry price-------: 10.009
initial stop-loss--: 11.011
new stop-loss----:
exit date---------: 09/22/2008, 21:06
exit price---------: 11.033
profit (loss) in %-: (0.24%)
profit (loss)------: ($24)
reason why + strategy: trying to pick-up some bigger movements in DJIA and hoped for one great hit, but it didn't come today :o)
lessons learned: after market close in usa, n the cmc-trading-platform there was (probably) a switch from DJIA prizing to DJIA-future prizing which moved the respective CFD about 20 points higher => to do: let's watch that phenomenon few times and let's try to make some profit from it e.g. let's try to buy 1 contract DJIA-CFD in the last minute of regular trading and sell the higher prized DJIA-future-CFD immediately (btw, the spread is 4 points)!
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