It's been quite a week. Gold and Silver have gone parabolic, and our System B open equity has risen right along with them. We close the week with total system equity over $100,000. That looks great, but we have to remember that they are not profits until the trade is closed out.
All of the metals have had great runs, we keep adjusting our stops up, and who knows when the trend will finally peter out. Our model will never catch the very top or the very bottom, but the nice thing is we never have to guess where that top or bottom is. As long as it keeps running, we are with it.
Our model is looking at treasuries right now, and we could be going short sometime next week if we get some continued weakness. Likewise, we may be getting long NQ in System B if we get some strength next week.
Our TNR model called for a reversion day today and we caught the early chop nicely, but then hit money management stops on the afternoon rally. Net losses on the day were -$84. TNR is calling for a trending day on Monday in both ES and NQ.
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 | $9,443 | 53 | |
@EC.P | 0 | $0 | 0 | @CT.P | 0 | $0 | 0 | |
@JY.P | -1 | $8,338 | 52 | @GC.P | 3 | $22,330 | 64 | |
@CD.P | 2 | -$260 | 4 | @SI.P | 1 | $4,720 | 15 | |
@C.P | -4 | $7,000 | 82 | @HG.P | 2 | $36,400 | 132 | |
@W.P | -3 | $3,775 | 29 | @LB.P | 0 | $0 | 0 | |
@S.P | 0 | $0 | 0 | @ES | 2 | $725 | 14 | |
@CL.P | 0 | $0 | 0 | @YM | 0 | $0 | 0 | |
@HO.P | 0 | $0 | 0 | @NQ | 0 | $0 | 0 | |
Total Open Trades | $92,471 | |||||||
Total Closed Trades | $7,580 | |||||||
Total | $100,051 |
Good night, and have a great weekend!
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