Tom’s Trading Journal 11/15/2017

These are my personal trading positions, these are not recommendations or solicitations to buy or sell any futures or options instrument. Trading futures and options instruments involves a high degree of financial risk, even with prudent money management. If you engage in purchasing or selling futures and options you could lose everything you invest and more.

I enjoy trading the US Dollar Index because the market has good volume and in my observations trades well.  In other words the market is liquid enough that slippage on fills and other anomallies tend to be within reason.  This is truly a personal opinion that works for me.  Because of this I will continue to run a daily chart analysis of the Dollar Index as I watch for trading opportunities.

I have no position in the US Dollar at this time. The market as of this writing is priced at 93.80. The 4 period upper Donchian channel is priced at 94.545; the 4 period lower Donchian channel is priced at 93.305. The High/Low Moving Average (10 period, 8 period) is 94.588 and 94.092. The Parabolic Time Price (50,5) is short and switches to long at 94.776.  The 40 period Simple Moving Average is 93.683.  The market traded through the 40 period SMA but closed back above it which continues to indicate the respect the market has for this price area.  Once again this indicates to me that given any positive price action this may be a very low risk area to reestablish a long position.  For now I will wait for the market to show where it wants to go.

I am also long  December E-mini S&P 2250 puts at an average price of 6.117. Today the market as of this writing is priced at 2569.00.  The 4 period upper Donchian channel is priced at 2585.50; the 4 period lower Donchian channel is priced at 2555.50. The High/Low Moving Average (10 period, 8 period) is 2585.68 and 2568.44.  The Parabolic Time Price (50,5) is short and switches to long at 2592.36. The 40 period Simple Moving Average is 2554.86.  Today’s follow through to the downside with the trade through 2562 could opens the door for a larger correction.  However, this market has been in a persistant uptrend since 1/2016 and requires a trade through the last reaction low at 2419.50 from 8/14/17 to put this trend at risk of ending.  This market is also respecting the 40 day SMA and though it typically will vibrate around this average the market appears reluctant to trend change just yet.

I am short the December Australian Dollar at a price of .7609 with a buy stop at .7676 Good til Canceled. The market as of this writing is priced at .7595. The 4 period upper Donchian channel is priced at .7663; the 4 period lower Donchian channel is priced at .7566.  The High/Low Moving Average (10 period, 8 period) is .7671 and .7615. The Parabolic Time Price (50,5) is short and switches to long at .7679. The 40 period Simple Moving Average is .7757.   I continue to watch for opportunities to move my stop down quickly and lowered the buy stop to .7676 GTC.

If you have any questions or ideas please leave a comment.  Thanks for sharing.  Great trading.  Tom

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