****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.