May 17
What a week this has been. What a month, what a year. This continues to be a great period for trend followers. Every day price just makes a nonsense of price targets and fundamental rationalizations. None of them matter. Price is the final arbiter of everything you do as a trader. This week we added a …
May 14
As we’d suggested earlier we got confirmation after the close of a long signal in the dollar which we’ll enter at tonight’s open. This brings us up to 7 open positions: LONG S&P, Nasdaq, Dollar, SHORT 30yr, 10yr, Yen, Gold. Long Dollar Index ($DX_F) 5/15 +$0.00 per contract It was another great day for all …
Apr 14
We had two changes to our futures portfolio during the week, re-entering our Yen short, and getting stopped in our Oil long. As we described at the time, each position perfectly demonstrated a difficult facet of trend following; in the case of oil it was dealing with the frustration of having consecutive losing trades when …
Apr 11
We got stopped in our long position in Crude Oil and have already exited at the overnight open for a loss of $3,440.00 per contract. Oil hasn’t exactly been kind to us recently. It’s essentially gone nowhere in two months, while giving the impression it’s on the cusp of a bigger move having already established …
Apr 07
It was an eventful week for our trend following system with 7 changes. Of the 4 positions we held at the beginning of the week (Long S&P, Long Dollar, Short Yen, Short Sterling), only the Long Dollar position remains. We entered 3 new positions during the week (Long 10yr, Long Oil, Short Gold), and after …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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