06/15 Daily Summary

Just a brief note Today, sorry, I'm away from my computer and can't create the daily price action chart.. Will publish if I have some time Tonight..

I'm glad I didn't jump in the market this morning, as it turns out NDX made quite a run. I'll be looking at a possible position Tonight and will consider jumping in Tomorrow if I feel confortable with where we are in the price action.

For now, relaxing and enjoying Brazil's first victory in the World Cup!! :)

06/14 Daily Summary

Ok, I want to place a position this week. Right now I might need to wait for a few days as I won't be able to dive in right away Tomorrow AM. I've studied a possible trade scenario though, so if the opportunity develops (i.e. time and quiet market) I might get started Tomorrow. Otherwise, it would be nice to enter in a strong down-day to take advantage of a volatility pop, this is a nice to have but not required... Required at this point is placing the position and managing it in order to bring profits in JUL :)

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)