at 545 am cst it looks like someone flipped the USD/JPY GOLD algo back on....starting to see a little correlation
Pailin's Trading Corner
sold JDST 14.35 at 14.63....in JNUG 6.76
chec k out investing.com's weekly calendar...full of goonspeak....watch your 6 if you're long
EDIT: sold JNUG 6.76 for 6.82, flipped back into JDST at 14.50...i'm on a hair trigger premarket and mini scalping...not married to a direction
sold jdst at 14.60, flipped back into JNUG at 6.77 for the open....LSO at 7.10 for a quick open pop
have been flippng in and out of JNUG/JDST while at work and between friday and today have gained enough ground that I'm in share count where I was before FOMC, actually about 125 shares better...so I'm even on that lost opportunity/run, just at a higher number. nice to make progress.
currently i'm in JNUG at 6.70 and will prolly hold this rental for a bit longer than my normal minutes range....but 11am cst approaches...
CNBC headline i saw while getting quick quotes-one of the goons said no more rate hikes or something to that effect...i think he was the one that wasn't one board for raises end of last year...not sure will have to look at it later, but surprising just the same.
Metals going up with the dollar....that's a good sign for bullishness.
damn good day considering i'm at work and have only been able to check in vs watch....lots of base hits today going both directions jnug/jdst. Whitey Herzog would be proud. Finished up with a game winning RBI sac fly right before the close at 7.22, from 6.86. Up another 8% today thanks to that end of day JNUG run. Not sure how many trades today, it's a bunch tho.
flat. might take a 1/3d position to hold overnight but not off till 6pm so it will be a gametime (a/m 7pm cst close) decision for me.
man i wish i could bottle today's mojo!
flat overnight...itching to go long JNUG and hold but looking at today's data hmmmmmmm
11 trades today. 7 JNUG/4 JDST. Only one loser for .04 on JDST.
JNUG had one good run 6.89 to 7.23
JDST had 2 good runs 14.36 to 14.63 and 14.49 to 14.81 per
The rest of the trades were quick hits for a dime or less each, in between work tasks.
Its tough for me to not do the quick hit thing with x3's...they've trained me to not hold very long unless I'm willing to take the ride in either direction. Since I hate losing, i'll give up some to bail a bit earlier than I prolly should...it's the early entry thing that seems to hurt me the most.
Is 11 trades today overtrading...yeah, it might be. Does it make money...yeah it does. But I sure hate giving it to Scottrade like that.
JDST ended down .96 ... I was plus .78
JNUG ended up .36 ... I was plus .70
These numbers are why I day trade vs hold. Not every day is like this by far, but this is the goal every day.
Today was a damn good day given what Mr Market gave. I can honestly say I'm satisfied in my trading performance today...that's a very rare statement after the analyzing cuz I'm always beating myself up/trying to improve every day on every trade and I do not ever expect to be satisfied.
As far as direction I'm looking to get long JNUG, but still have the JDST nagging my mind. Not married to anything right now, and I prefer it that way. Tomorrow is a new day. But I'd bet on a run tonight...
Time to enjoy dinner. GLTA
3/21/17 morning trading report, 510am cst
USD: 99.74 (YESSSSS!!!!!)
USD/JPY: 112.56 (YESSSSS!!!!!)
per scottrade ticker:
I bought JNUG right at premarket open (5am) at 6.90 avrg. With USD breaking convincingly below 100 level that's a clear signal (via USD/JPY) that it's time to hold long for me. The only concerns are the FOMC talking heads I wrote about yesterday morning and TF got real detailed on that yesterday afternoon. GLTA
Glad you had a successful day ! And thanks for the morning reports !!!
BTW, I'm a Scottrade guy myself. I love the ScottradElite platform, although a couple of glitches are bothersome. It'll be interesting to see what might happen when TD takes over.
Here's hoping everyone has a fine trading day !!!!
so in all honesty here's the morning trading report...ginsu knife anyone?
i sold the 6.90 JNUG at 7.10, then bought back in at 7.07, at this point I was feeling pretty good with myself even tho i was aggrevated for not being more patient...then I watched it sag, sold it at 6.98 and flipped into JDST at 14.07 thinking USD was going to pop from 99.66, didnt....sold it at 13.86....bought back into JNUG at 7.05.
ummm, yeah....chopped myself up and gave up all the premarket profits of the day. But I wanted to hold into open so I did
sold the 7.05 JNUG at 7.57 a few mins after open....bought it back at 7.45....sold it at 7.53....bought it back at 7.45...sold it at 7.63...bought it back at 7.57
currently waiting on JNUG to pop with gold and the falling USD/JPY. it seems sluggish today. waiting, waiting, waiting...
still a good day, but how fast the pride of a trader having a good day prior can be taken away...Mr Market is one tough teacher.
GLTA...it's a good day as USD/JPY is breaking down...111.80s as i type with a small bounce from 111.76....break, break, break, damn it break......USD is 99.50 as I type!
it looks like this is going to be another pop at the end of the day day. hoping for a study grind up then fireworks
since i cant babysit and will be busy after close, set LSO for 8.30 JNUG...doubt it gets hit, but if it does i'll re-enter aftermarket
This is more like it! But I'd be careful here.
quick check in, i see USD/JPY bounced off of 111.70....does it hold? this is the question of the spring
agree Redwood, if USD/JPY gets legs it could hurt
well chit...JNUG faded into the close instead of ran...bummer. just sold it a/m for 7.45 for a .12 per share loss. green for the day, i'll take it.
i still think it gaps up tomorrow but i thought it would last night so flat i am
JNUG did not really react as expected today...delayed uptick coming? or sending a signal of muted miner reaction? we shall see.
3/18 morning trading report, 505am cst:
For Direxion Funds players (JNUG et all) reverse split coming in May
FOR JNUG PLAYERS: DIVIDEND
record date is 3/23/17
I'm in JNUG this morning at 7.52 right at the premarket open....as soon as my LBO executed it dropped .10 lol...sometimes you just have to laugh.
FYI: JNUG closed FOMC day up big, to 7.53 per share. Since, gold has run $25. JNUG is exactly where it was a week ago. Not a comforting thought...
EDIT: I sold the JNUG for a .07 loss...I just don't like the look of this. JNUG should be flying along with GDXJ. Flat right now and will prolly just watch into the open. So JNUG is now clear for 8 land run... Seriously, my head is saying stay long but my gut is screaming go JDST. So I got out.
Thanks for the am update !
While I might long to have the option to PDT, reading your commentary makes me realize the cons to it (personally). I am happy to have to be selective in my trades, and I can live my alternative trading life vicariously through you.
Thanks for your continued commentary !
Again, gold going up with the dollar. Should be an interesting afternoon. I guess we are all waiting for gold to break 1250.
1232pm - looks like we're going to make it. I'll be surprised if not.
i've had a few JDST trades this morning for minimal gains. 13.40 to 13.62 has been the range i've played.
i'm still flumixed by the JNUG/GDXJ (lack of) action...something is up
I'm JDST into the close and candidly this is one hellofa risky play. In at 13.44 per. The lack of 'pop' is a tell, I'm just not sure what it's telling atm. At 1.5 hours to close we sure as hell are about to see.
Watch your ass traders, the sharks are out and are in silent hunt mode.
went lookin for comparisions...check out 10/14-17/16
GOLD per netdania 10/14/16, Friday: 1255-1263
SILVER per netdania 10/14/16: 17.55-17.71
SILVER per netdania 10/17/16: 17.46-17.64
GOLD per netdania 10/17/16, Monday: 1260-1270
USD/JPY per netdania 10/17/16: 103.67-103.86
USD/JPY per netdania: 10/14/16: 103.75-103.85
GDX per freestockcharts 10/14/16: 22.91-23.64
GDXJ per freestockcharts 10/14/16: 37.97-39.55
GDX per freestockcharts 10/17/16: 23.00-23.47
GDXJ per freestockchart 10/17/16: 37.96-38.99
TODAY: GDX closed at 23.25, GDXJ: 37.06, GOLD: 1246.50 SILVER: 17.51...the big difference is USD/JPY
of course JNUG and NUGT are way off but with the x3's you can't get a good comparison...they are what they are.
This info makes me feel quite a bit better about the up journey. The spread between USD/JPY then/now is huge. One can only assume as USD/JPY falls GOLD will only get bid up more....much more.
I too took a 3pm position into JDST looking for a third day of slams on the GDXJ into the close. Well it worked out for a small gain (in 13.53/out 13.74) and I jumped back to the JNUG at the close. I gave a short thought into holding the JDST overnight but just didn't have the stones...I hate holding that overnight.
Still looking for an overall rise in Gold and miners over the short term (1 week). The interesting call(s) will be made at around 1260. Will it get rejected or push through. I might go to 1/2 positions at the time. We'll see.
Hope all had a good day !
ps. I might join you on the early wake-up trading tomorrow. With Mother speaking at 8am EST there could be some early action. And thanks for the above work !