What a day !!!!
Obviously everyone is booking there profits for the emd of the month quarterly reporting season.
What suprised me is that there was quiet a bit of profit lying around by Funds.
This was obviously riding from the previous month.
In commodities we basically saw some margin calling.
Thats my take on it nothing more while others will read theories into it, its basically very simple.
Trading
Yesterday we took some shorts at nice levels and double up today ..
They all got booked.
In the gold went long at 1751 and got stopped out at 1738.
Went long at 740 and got stopped out at 729..
So a good and not so good day.
Net day result ...-0.42%
Month result...12.90%
For the students today's negative aspects will wane by 6 pm and the market will start to bounce ..
The VC at 11.30 tonight is quiet potent and will turn the market around.
Tomorrows Venus/mars square has a jolting affect but wont last.
Can the market trade lower yes but will it stay there NO.
The weekends full moon is a bottoming moon but will deceive many as most will believe the tops is in and we going down.
Astrologically this isn't the case.
Note until the 30th of October we are in a bull market move ( astrologically speaking) and I do anticipate 1500.
There are some massive up move days which need to be noted
The 5th Octobers aspect very positive, the 9ths very positive. actually when you do the work on it the 9th could be the biggest day of the year astrologically.
So I don't see anything which suggest that the market has had its run and its now time to worry.
Tomorrow is options time for me.
I will once again look at both the gold and the corn.
But being sound as end of the month/quarter returns are more important than the next trade.
Reason I say this and harp on it is that not many want to make new bets as the potential negative implications could mean not getting paid for the quarter/month.
Ask yourself this would you risk placing a trade which could drawdown your numbers and risk you working for nothing for the whole quarter.
90 days of worrying for nothing..
Not a wise move .
cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
Obviously everyone is booking there profits for the emd of the month quarterly reporting season.
What suprised me is that there was quiet a bit of profit lying around by Funds.
This was obviously riding from the previous month.
In commodities we basically saw some margin calling.
Thats my take on it nothing more while others will read theories into it, its basically very simple.
Trading
Yesterday we took some shorts at nice levels and double up today ..
They all got booked.
In the gold went long at 1751 and got stopped out at 1738.
Went long at 740 and got stopped out at 729..
So a good and not so good day.
Net day result ...-0.42%
Month result...12.90%
For the students today's negative aspects will wane by 6 pm and the market will start to bounce ..
The VC at 11.30 tonight is quiet potent and will turn the market around.
Tomorrows Venus/mars square has a jolting affect but wont last.
Can the market trade lower yes but will it stay there NO.
The weekends full moon is a bottoming moon but will deceive many as most will believe the tops is in and we going down.
Astrologically this isn't the case.
Note until the 30th of October we are in a bull market move ( astrologically speaking) and I do anticipate 1500.
There are some massive up move days which need to be noted
The 5th Octobers aspect very positive, the 9ths very positive. actually when you do the work on it the 9th could be the biggest day of the year astrologically.
So I don't see anything which suggest that the market has had its run and its now time to worry.
Tomorrow is options time for me.
I will once again look at both the gold and the corn.
But being sound as end of the month/quarter returns are more important than the next trade.
Reason I say this and harp on it is that not many want to make new bets as the potential negative implications could mean not getting paid for the quarter/month.
Ask yourself this would you risk placing a trade which could drawdown your numbers and risk you working for nothing for the whole quarter.
90 days of worrying for nothing..
Not a wise move .
cheers
As always use the above as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor on more on the above.
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