$RUT scalps, /6E scalps(EURO fx futures)

Aloha Nui Loa traders....

A few trades just closed up...My apologies for not posting, but it was hectic open, had to execute. Remember, our Zen/Samurai trader energy....Stay in the zone.


$RUT

RUW AZ 500 strike calls..
bought to open 20 contracts @ $21.20
sold to close 20 contracts @$24.20... booya trade. I could probably get a little more, especially with all the bullshit that the option writers are trying to get done today on the upside, but oh well. Profit is a profit, and that's a nice one. $6k in about 45 mins.

I also closed out a /6E futures scalp (Euro FX futures) . I had a short on 3 contracts from the break of the H+S pattern that formed and confirmed last night on the 1 min, 5 min, 30 min, and even the 1 hr chart. It was thing of beauty. With the currency trading, as of late especially, traders are finding the fundamentals which usually drive this market place are being given up for panic-book-squaring and massive liquidation/hedging by foreign banks and governments as everyone reacts to the quantitative easy and ZIRP environment. Expect further volatility throughout the end of the year. Things should become less PURELY technically based (currencies always are fantastic technical trading vehicles) an return to little bit more normal environment. What? 12 handle range on the EURO in 48 hours, that's not normal? I WISH!

Anyway my short /6E was taken at 1.4250 EURO and covered at 1.3970, 1.3960, and 1.3950. Very nice profit indeed, and we are on a bit of a run here, so I am super pumped that the weekend allowes for a natural break. As traders, taking breaks at the right moment can extend streaks, break slumps, and in general can be thought of as being similar to proper execution of entries/exits, but instead for your psychology. Do not ever assume that you can trade every day, all the time, and exercise a consistent ability to implement your edge in a way that is cold, objective, and unemotional.

GOOD LUCK!
Aloha...