Like a Maestro

Posted on Jan 22 2016 - 4:17pm by Dan

If you were paying attention earlier in the StockTwits stream, earlier in the day I completely abandoned the idea that I was ever associating with those silly bears, and their dire stock prognostications.

Who would ever be bearish on the stock market?  Certainly not I.  

I’ve played this bottoming process like a Maestro at the Philadelphia Philharmonic.  We will be rallying.  Yesterday, I mentioned a long position in AUD/JPY.  Well since that time, I added to the long position.  Then, that sucker rallied so long, and so hard, I took 25% of the position off profitably, and then pulled my stop up to lock in 3 pips of profit.  What happens now with AUD/JPY?

I don’t know, and I don’t care.

Also short NZD/CAD.  I’ve already shred out of 25% of that position profitably, and moved my stop to lock in profits.  What happens now with NZD/CAD?

I don’t know, and I don’t care.  A maestro conducting 3. Adagio – Allegro of Trio Sonata in D minor, RV 63 of Antonio Vivaldi does not sit back to think how he conducted the first Adagio.  He continues his work.

As stated in the stocktwits stream, I mentioned in the podcast last week that I was bullish on bond prices.

No longer.  I have no position there.

Oh, did I mention that I have a tiny short on with EUR/GBP?  Yeah, for those who are aware, that’s a bit of a risk play as well.

Profits are good.

I’ll hedge off at the drop of a hat … but I think we rally …

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