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Tuesday, December 7, 2010

Airelon's Challenge Chronicles 3.2: Trade Ideas ...

So what is "Airelon's Challenge Chronicles"? You can find a description by clicking here.

Short implied probability for Hogs, Dollar and Orange Juice.

Gotta figure out a way to get these out faster. Hogs moved as I was typing this, and missed that move. Orange Juice, short below that support that's formed today. Dollar, waiting for congestion.

So right now, the alerts are set on Orange Juice at 159.60 (I don't like how wide the spread is there), and on the Dollar, I have to wait for congestion before I see where I want to short on a break lower.

Edit: 12:51 pm - OJ hit a mark that was lower, but again, didn't like that wide open spread. And no follow through with volume. Reset the alert. Plus the close of trading for that market is approaching. Still a little torqued off I missed that move in Hogs.

Edit: 1:15 pm - Done with OJ for at least today. No interest in trading that close to the end of trading, in some 'race' to the close.

Edit: 1:29 pm - Now waiting for congestion in the DX. in this area. If I see congestion and the market then breaks lower out of any such congestion, I might short it for the A.C.C. accounts if the tape is right.

Edit: 2:00 pm - Took a small $20.00 per contract loss in the DX. I'll stop trading for the week on A.C.C.

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Note: The above statements should not be construed as an investment or trading recommendation. Airelon's Investing and Trading Journal is a blog 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 blog 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 blog; as larger accounts may require a different strategy as the ones presented here. This blog 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 14 years of experience in trading and investing in these markets. Airelon's Challenge Chronicles are demo accounts,with all of the inherent problems therein, which are used within this blog in an attempt to track the results of my own thought processes., and is run as a model. Traders who should make their own decisions based off their own research, due diligence, and tolerance for risk. Any pictures used within this blog are believed to be public domain. Any charts that are displayed using the ThinkorSwim platform, and other pictures were obtained through Wikipedia's public domain policy. As a reminder, any trades discussed for "Airelon's Challenge Chronicles" would only be 'day trades' according to the parameters discussed for Airelon's Challenge Chronicles, at this stage of the game in order to escape the risk of over-leveraged gap opens in the commodity futures markets. As a 'trading sister' would have grown to the $30,000 level, I would have graduated the account into 'swing trading'. In addition, it is understood that readers have read my YouTube methodology series. It is also understood that the writer of this blog has repeatedly warned against the dangers of shadowing any other traders thoughts. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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