06/11 Daily Summary

We had another 1+ st. deviation day Yesterday, the market is not quite yet ready to calm down. Next week is time to get back in the game, this time is the JUL contracts. Let's get ready to roll..

06/09 Daily Summary

Very brief update Today, sorry but got a real busy day at work.. Nothing much to say, no positions yet, noticed the 5-day volatility chart pulling a yellow bar to the down-side.. NDX didn't quite take over Yesterday's low, yet this is still a bearish situation to keep an eye out for.

06/08 Daily Summary

No position on the table, I’m simply watching the market action for the next few days. Plan on entering my NDX iron butterfly around the 30 days till expiration mark. As we closed with a hammer candle pattern on the daily chart, it will be very interesting to see what tomorrow brings. Should we break this hammer then all bets are off. Also, notice how volatility came back quite a bit Today, almost a 8% drop on the VIX, if one had entered a position Yesterday, it would be in great shape Today just with the vols crunch.

06/07 Daily Summary

It seems we started the day without clear direction and the path of least resistance was down after all. The 5-day volatility chart points to a possible down-cycle to be starting up. Will continue to watch as we approach the time-frame to enter the July positions.

Performance Review MNX/NDX Iron Butterfly

Live trading Results:
FEB/11 NDX Iron Butterfly Day-by-day Review

DEC/10 NDX Iron Butterfly Day-by-day Review
NOV10 NDX Iron Butterfly - Day-by-day Review
OCT 10 NDX Iron Butterfly - Day-by-day Review
SEP NDX Iron Butterfly - Day-by-day Review
AUG NDX Iron Butterfly Day-by-day review
JUN NDX Iron Butterfly Day-by-day review
MAY NDX Iron Butterfly Day-by-day review
APR NDX Iron Butterfly Day-by-day review
MAR NDX Iron Butterfly Day-by-day review
MAR MNX Iron Butterfly Day-by-day review
FEB MNX Iron Butterfly Day-by-day review
JAN MNX Iron Butterfly Day-by-day review
10/20 OCT MNX Iron Butterfly (day-by-day review)
09/14 SEP MNX Iron Butterfly (day-by-day review)
JUL MNX Iron Butterfly (day-by-day review)

06/04 Weekly Summary

Still seems like the storm is not over yet.. We're watching a few 1.5+ st pop out here and there. By looking at the weekly chart I'd have to say I'm not very bullish, the market can always go where it wants to go, but it seems that it is still seeking that SMA 50 on the weekly. I'll be watching the daily action next week, in preparation for entering my JUL trades I want to be watching the "waters" sort of speak..

5/28 Weekly Summary

Ok, I've been absent for a few days, so here is my 5 minutes review of the week: while I don't think it is business as usual, I can point to a few indications that it is much calmer than it was a few weeks back. Look at the daily chart, we only had a few bigger than 1 st. deviationd days in the past 10 days, compared to how it was 20 days ago, it is much better. Also, the 5 day chart seems to be showing to some sort of consolidation, meaning we're not totaly biased to one side of the chart. All that being said, I'm glad I'm no longer with positions opened, but at the same time am looking for ways to stay connected, perhaps some backtesting? Or even a review of past trades, capturing some lessons learned along the way.

Cheers!

Gustavo