Ultra High Net Worth

dollar sold off

uhnw — Fri, 14 Oct 2011 10:26:38 +0000

I’m long AUD/USD – more on gut instinct that anything else. The AUD at 1.01 is too low and should be more around 1.06 to 1.08 I would have thought. I am also long cable and long jpy/usd on chart patterns. Both are currently showing small profits and I have leveraged into the position.

Some random thoughts on RSI

uhnw — Thu, 13 Oct 2011 12:12:44 +0000

I have been giving some thought to various indicators and whether I could build them into my trading plan. One things that I am finding a lot of trading books and sites lack is an understanding of why an indicator might or should work. One such indicator is Relative Strength Indicator. Its very popular and …

Reset

uhnw — Sun, 09 Oct 2011 09:55:00 +0000

The weather is heating up, rugby world cup is drawing to a close (go Australia!) and the spring racing carnival is coming to a climax. I have been out of the markets for a couple of week now. I had to, for a couple of reasons, change brokers which required to me to go all …

Greeks tick towards calamity

uhnw — Sun, 18 Sep 2011 21:21:49 +0000

I think that the probability of the Greeks going bust gets bigger as everyday passes. I also think that the EUR will continue to sell off until it does – and then it will rebound once people realise that Greece is actually a very small country with an insignificant economy. The state of Victoria, in …

ups and downs

uhnw — Thu, 15 Sep 2011 21:08:31 +0000

Yesterday was a rollercoaster. At one point there my equity was up to $20,000, but is now back down to $17,000 after a few losses. CAD was stopped out for a total loss of $1,600. That was way too much at risk for potential gain. Refer yestedays post for how I’m reducing risk in my …

over done?

uhnw — Thu, 15 Sep 2011 08:06:59 +0000

I feel like I have over stretched myself just a bit. There are lots and lots of open positions (up to $10,000 in risk) but I’m only showing a $1000 profit, which is way too small for the amount of risk I am taking on. Should I just be patient and wait? Its hard to …

Spring has sprung

uhnw — Thu, 15 Sep 2011 06:37:43 +0000

Well, we are truly into spring weather. Some days are lovely and warm, while others are as cold as the deepest of winter. I am getting the impression that the USD has a lot more in it than many people give it credit for. There was a general strengthening of the USD at the end …

Some thoughts on investment philosophy

uhnw — Thu, 01 Sep 2011 22:54:55 +0000

What are we trying to achieve with all this research? Trying new systems and methods to track prices? I think, quite simply, that we are looking to get an ‘edge’ over everything else. But what do we mean by an edge. I hear lots and lots of experts talking about the need for an edge …

Up for the week – up overall

uhnw — Sun, 28 Aug 2011 10:05:23 +0000

Well that wasn’t a bad week all in all. Wheat rolled, with a realised profit of $1,030 and I closed out coffee with a profit of $5,865. Losses were sugar for $996, cocoa for $295, Natural gas for $330 and Silver for $821 (I don’t do too well out of silver). I also have a Soy …

I couldn’t hack it

uhnw — Thu, 25 Aug 2011 12:03:14 +0000

Ok – I admit it. I lost my nerve. I have $5,500 in unrealised gains in coffee and selling out would mean my trading income to date would be a profit of $1,100. I took the profit. I’m sure that coffee will now double in value, but you know what? I don’t care. I was …