December 12, 2011

Good (early) morning to you..

So I took the EUR/USD long at 1.3195(6). The initial stop was around 1.3140. I set the audible alerts on this market, turned the volume on the computer way up (my wife is not really a fan of this strategy), and went to sleep. I was woken up a little bit ago, as the market started to rocket higher. I have thus set an order to shred off over 80% of the postion, if EUR/USD falls back down to 1.3219. If that happens, then I will put in an order to sell off the remainder of the position just over my entrance. That way I'm a) guaranteed my profits from the trade and b) have a little wiggle room if the market decides to move higher. But I will 'groom' these stops higher as time goes on. Another point I have no idea why yesterday I said I was long Sugar from 12.56 to 12.60. It was 23.56 to 23.60. Hope that makes more sense.

Until next time, stay safe trade well, and remember that loving other people doesn't cost a dime.
Note: The above statements should not be construed as an investment or trading recommendation. Aileron Market Balance is a newsletter that allows subscribers to look 'over my shoulder' as it were, for my own personal specific trading and investing ideas and thoughts for the next week. But they are only thoughts as of the moment of publication, and are subject to change. Any trades or investments that I discuss within this newsletter are simply my own thoughts regarding my own investing and trading outlook. Remember that entering any market is an individual decision. There is no guarantee that I will enter, or have entered any of the trading or investing ideas that I discuss in this newsletter; as larger accounts may require a different strategy as the ones presented here. This newsletter simply contains my trading and investing thoughts for the next week. I, the author do not grant this work for wide distribution beyond any single individual subscriber as this publication is protected by U.S. And International Copyright laws. All rights reserved. No license is granted to the user except for the user's personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means except as permitted under the original subscription agreement or with prior written permission. I personally only enter any market after watching and reading the tape and I trade using money management principles. The losses in trading can be very real, and depending on the investment vehicle and market, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 15 years of experience in trading and investing in these markets. The Model Portfolio accounts are hypothetical accounts,with all of the inherent problems therein, which are used within this newsletter in an attempt to track the results of this newsletter, and is run for the education of other traders who should make their own decisions based off their own research, due diligence, and tolerance for risk. Any pictures used within this newsletter are believed to be public domain. Any charts that are displayed are believed to be public domain, and other pictures were obtained through Wikipedia's public domain policy.