We had a big day today, thanks primarily to big moves in the metals. Gold, Silver and Copper all set new contract highs by a substantial amount today, as did Sugar (obviously not a metal...). The dollar traced out a reversal, opening higher on the day vs. both the Yen and the Euro, and finishing below Friday's highs. The Euro wound up closing at it's highest level in over 3 weeks, and at one point traded above the psychologically important 119.00 level.
Our System B Model is having an outstanding month. On October 31, we marked the portfolio at $37,538 in open equity and $6,100 in closed equity for a total equity position of $43,638. As of today's close, our combined equity position for System B is $75,822. That is a gain of $32,184 for the month to date, and represents a better than 16% return on our notional $200,000 capital base (this is just in the month of November!). Of course, profits aren't profits until the trade is closed out, but let's hope we hold on to at least some of these gains.
Our daytrading model is indicating a reversion day in both ES and NQ tomorrow.
Our positions:
Contract | ctrcts | Open P/L | days on | Contract | ctrcts | Open P/L | days on | |
@US.P | 0 | $0 | 0 | @NG.P | 0 | $0 | 0 | |
@TY.P | 0 | $0 | 0 | @KC.P | 0 | $0 | 0 | |
@FV.P | 0 | $0 | 0 | @SB.P | 3 | $5,882 | 44 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $0 | 0 | |
@JY.P | -1 | $6,413 | 43 | @GC.P | 3 | $14,080 | 55 | |
@CD.P | 0 | $0 | 0 | @SI.P | 1 | $1,555 | 6 | |
@C.P | -4 | $7,350 | 73 | @HG.P | 2 | $29,250 | 123 | |
@W.P | -3 | $2,838 | 20 | @LB.P | 0 | $0 | 0 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $875 | 5 | |
@CL.P | 0 | $0 | 0 | @YM | 0 | $0 | 0 | |
@HO.P | 0 | $0 | 0 | @NQ | 0 | $0 | 0 | |
Total Open Trades | $68,242 | |||||||
Total Closed Trades | $7,580 | |||||||
Total | $75,822 |
Good luck, and good night!
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