[zdo]

Position Changes:
None. Still long Silver… Still Flat YM (since 7/26)

Comments:
Ditto again… will be legging into short YM side of this spread soon… will be using these experimental StayLines for stop loss placements…

fwiw and not directly related to this trade…

Comments: Re: From last post “In outright AG and SI trades, per plan, will continue buying to around 24 and then start ‘hedging’ whole position…”
Buying is complete. Also close to 100% allocated to AU and derivative positions.
Will now be hedging physical and far out futures Silver positions with stops in close by futures...

Comments: Re: : From last post “Still scaling into a fairly large position short Yen. One more entry ‘scheduled’ with fractional contracts and then after that have 5 more entries planned – but fractional sizing doesn’t make any sense for them... will be “Past a certain size”.
Final fractional was filled at ~ 82.70 on 10/06.
First of five planned (non fractional / rounded up/full sized) positions filled 10/13 near 81.00

Comments: Also, recently (and cautiously) started to take some long dollar positions (Swissy, Loonies, Eurotrash, etc. however not near first limit orders in British Pound yet…)

[zdo]

Position Changes:
None. Still long Silver… Still Flat YM (since 7/26)

Comments:
Ditto again… will be legging into short YM side of this spread ‘soon’… and will be using these experimental StayLines for stop loss placements…

fwiw and not directly related to this trade…

Comments: Re: From last post “In outright AG and SI trades, per plan, will continue buying to around 24 and then start ‘hedging’ whole position…”
Silver buying is complete. .
Will ‘hedge” physical and far out futures Silver positions with stops in close by futures clustered just under equivalent of 23 cash... and may move that cluster down into (some) 'space' (below 21.75)...
Also, now at 100% allocated to AU and derivative positions. I plan to 'trade' the corrections in AU derivatives and attempt to buy back at lower levels if and when $ rallies instead of doing a 'hedge' strategy in AU like in AG

Comments: Still scaling into a fairly large position short Yen. AveragePrice jumping on down now. Next fill would be bigger than size of first 7 buys combined…

Comments: 'dat dag blamed bush’ is trying to drive the price of oil up again

Comments: I know. What a boring log...

[zdo]

Position Changes:
None. Still long Silver… Still Flat YM (since 7/26)
…

ditto again




fwiw and not directly related to this trade…

Comment: In outright AG and SI positions I have decided to start taking profits at near dollar increments from $41 up to $50 oz (3 % of net position each time for a total of 30% of whole position). Probably do the equivalent in AU but haven't decided at this point in time...

Comment: Yen shorting campaign sort of in limbo. Avg price is just north of 82 USDJPY and if it proceeds upward from here or as low as from around Nov lows, will start scaling out at around 84.90 USDJPY . But - would much prefer to continue buying USDJPY at much lower levels to establish a sub 80 avg price for a longer holding period… we’ll see…

Comment: Also of note: (For the first year since I can’t remember when,) I will not be using strict rule seasonals strategies in agricultural,etc futures this year. This has quite a bit of personal significance because since long ago seasonal trading provided the structure and financial support for me to stay in the game long enough to develop and learn how to day trade.

Comment: Washington's Blog

[zdo]

Position Changes:
None. Still long Silver… Still Flat YM (since 7/26)
Still mumbling “soon” on shorting the YM, but simply have had no signals or even hints of setups… a long silver, short dow spread trade is the subject of this thread after all...

fwiw and not directly related to this trade…

Comments: Have been hedging derivative AG and SI positions. Two successful entries to date - one shown somewhere in another thread. Starting to lift some hedges now…. and plan to add more longs below 24.75 SI and whatever price AU is if and when SI is at 24.75

Comment: Yen shorting campaign is still in limbo… doing ok in other pairs (esp EJ) but USDJPY has gone no where…would still prefer original plan of the avg price of whole allocation to end up below 80… we’ll see. ie not predicting anything

Comments: re: from 11/05/10 ‘dad blamed bush’ is going to drive the price of oil up again”
That was code. I may never short oil again in the rest of my trading career – just flat or long…
In reality it’s not quite yet, but as a powerful idea / concept, peak oil setting into collective mind

Comment: re: “ Also of note: For the first year since I can’t remember when, I will not be using strict rule seasonals strategies in agricultural,etc futures”
All trend trading…so far so good… beyond b.e.

Comment: Several other trades simply didn’t report at the time and now, since I don’t see much usefulness in after the fact reporting, I’ll just not mention at all…
ie Snowboarding is more fun than posting… etc

Comment: cryptogon.com » Unverified: Swiss Bank Finally Handed Over Client’s Physical Gold After a Month Delay and Legal Threats
Wonder why the banks have no trouble taking delivery ?? Hey this code bs is fun…

[zdo]

Position Changes:
None. Still long Silver… Still Flat YM (since 7/26)

fwiw and not related to this thread
Comments: Inching arrays of hedging stops up under all other silver and gold positions now. Highest orders up to around 35.39 in silver but in gold they are all still stuck below 1378

Comment: Yen shorting campaign. Average price now well under 80 on the USDJPY long position… not exactly under ideal conditions (for the Japanee) … wishing them all the best over there.

very interesting...
http://www.eurekalert.org/pub_releas...-dot031811.php

[zdo]

Position Changes:
None. Still long Silver… Still Flat YM (since 7/26)

Comments:
But not ditto again… soon is now... will be legging into short YM side of this spread over next ten days - preferably into strength... four more years left in this campaign...

fwiw and not related to this thread
Comments: Still inching arrays of hedging stops up under all other silver and gold positions.
As my boy D. Gartman says ~ "the easy money in this pm move is probably close to over"

[zdo]

... still not in as of Friday but have placed entry stops below as a contingency

fwiw and not related to this thread
... am now also implementing 3% per dollar move plan in silver from post 43. Trailing stops in 'space' behind gold.

In the short yen position, plan is to liquidate around USDJPY 88 (and equivalent in correlated positions).
A small profit is locked in below ie would not and should not let position ever go into red going forward...
True to 'biology' - I think mostly because it is such a huge position, but it is tempting to take profits now... especially the way the USSD is acting
Ya'll have a great hyperinflationary and creeping deflationary weekend.

[zdo]

Position Changes: None. Still long Silver, Still trailing entry stops up under YM to go short net 25% allocated.

fwiw and not related to this thread
Comments: Still inching arrays of hedging stops up under all other silver and gold positions now. Still taking 3% off the table in AG each ~ dollar move up. (eBay is a great place to sell physical silver now – they pay over spot and also pay shipping… hm)
May hedge everything at 52 and equivalent in AU at that time...

Comments: (and definitely not related to this trade…) getting short cotton for a year or so…