Rolling Contracts

New Signals

Trade Management

• Raise stop on long ZAR to 0.05365 at today’s low. Long signal terminated.

• Forgot to roll July short positions into September. Short Wheat(July) covered at 556 3/8 and short Canola covered at 597.8

• Long Hang Seng stopped out at 17882.

• Long ZF closed at 106’152.

• Short Rapeseed filled at 473.5 and the new stop level is 481.

• Short Lumber filled at 482.5 and the new stop level is 495.

• Short positions need to be rolled forward as well when approaching first notice day. This is a trading error. Will re-enter at market should there be triggers on short Canola and short Wheat.

• In drawdown, GET SMALLER.

• New orders: short JPY, short BRE and long Live Cattle

Goal Setting

• Reset into strength.

  • Anticipate sharp pull back when we are at full margin(>80%). Actively reduce exposure to prepare for the pull back.(Portfolio Level): take loss on losing positions immediately; raise stops on winning positions to the low of the day and keep adjusting on daily basis; cancel pending open orders. No new trade till exposure gets down to manageable level.

  • DX>55 for three consecutive days, enable profit taking. The first down day(IBS<0.5) setups the event. Use the lower of the low of setup day and the next day(trigger) low as the stop level.

• Review contracts every Friday and roll positions into the next lead contract(higher trading volume than current position) on Monday.