***TRADE UPDATE*** Closed AUD/USD long @ .98900

Too much ambiguity and seems the market can't surpass 1246. Although it's game in the past has been to gap over resistance, so a gap up Monday wouldn't surprise me. First trade of December worked, and that's good enough for me.

***TRADE UPDATE*** I'm back and opening an AUD/USD Long @ .98500

I've had fun ice fishing in December and have yet to make a December trade! 30% in November I thought I could take a little time off. I'm opening up an AUD/USD long at .98500 with a tight stop-loss on this trade at .98280. If I/we get stopped out I'll look for a better entry later. Only risking 22 pips, so no big deal.

SP-500 30m Preferred Count

Here is my preferred count at the moment. Looking to buy weakness down to 1212 area.

***TRADE UPDATE*** AUD/USD Taking profit

Looks like the upside before the correction is limited here. Selling @ .99000

****TRADE UPDATE**** SDS

Selling all positions of SDS at 27.30. Taking up capital and not making much money!

****TRADE UPDATE**** AUD/USD

Sold out 2nd half of position at .95500 and went long 2 units.

http://www.twitpic.com/3bmivn

***TRADE UPDATE*** Closing half AUD/USD Short

Closed at .97600

***TRADE UPDATE*** SDS

Planning on selling SDS, all of it, around 27. I think I got in this trade a bit too early and want to cover. Will add back if/when there is confirmation of a major trend change.

***TRADE UPDATE*** Closing 2 part of EUR/CHF trade

Closing the rest of the EUR/CHF trade @ 1.35400. Not trading this pair again.

***TRADE UPDATE*** EUR/CHF

Closing half the EUR/CHF short letting the rest run with breakeven stop-loss.

***NEW TRADE ALERT*** AUD/USD

I'm planning on shorting AUD/USD for a daily wave 4 pullback. This should coincide with a pullback in equities in a rise in the USD. I have limit sells in at 1.01500 and 1.01650.

***ADDING TO SDS @ 26.80

SDS seems to be putting in an Ending Diagonal as well. I will add 100 shares @ 26.80

EUR/CHF ***NEW TRADE***

EUR/CHF went about 20 pips higher than my stop then sold off. That hurts a little, but I'm looking to get back in the trade on the short side on the wave 2 retrace. I put in limit sell orders for 1.37500 and 1.37635.

McClellan Summation Index

We had a second sell signal on the SI after the close today. The 5DEMA closed under the
10DEMA, which tells me to sell into any upcoming strength. The final trend change confirmation is
the 5DEMA and 10DEMA closing under SI price.

Monday Update: EUR/CHF and SP-500

What a way to start the blog with a quick $200 loss on my first closed trade. I'm sure it doesn't give you
much confidence! To be honest I would make that move again in a heartbeat. The count seemed too perfect to pass up. Being wrong on a good setup is easier to deal with than just shorting or going long for no reason.

I have updated the EUR/CHF count. The trade is good, I was just a bit early. Here is the updated count. I have not set any limit sell orders for this trade yet. If 4 ends on that trendline (where it is now) then 5=1 projects to a perfect double-top at the 100% retracement.

Here is my updated SP-500 count. I am currently 25% short and will add all the way up to 1216 area. I am still looking for the US Dollar to move to the $75 level correlating with 1215 SP-500 level.

***UPDATED EUR/CHF TRADE***

The 1.37700 limit sell triggered overnight. Real trade log updated.

Short EUR/CHF

EUR/CHF entered my sell zone and triggered my limit sells at 1.37500 and 1.37600. I still have a limit sell in
at 1.37700 which hasn't been triggered.

I have set a 1.38100 stop-loss on this trade and no take profit limit yet.

UPCOMING TRADE: EUR/CHF

I'm preparing to short EUR/CHF at higher levels. I think it will hit 1.37600 so I'm going to
enter limit sells orders in at 1.37500, 1.37600 and 1.37750.

SDS 27.40 Thursday 10/28

On Thursday I scaled into my first long term short position. I used 25% of my trading capital in this purchase.

I bought SDS at 27.40, if you can get it cheaper I suggest you scale in 25% at a lower price.

My first blog

So I took the time to set this up tonight while a wave 4 was playing out in AUD/USD, so I had some spare time on my hands. There are no swing trades right now since the market is in limbo. Be patient!