Out of PQ @ $6.6607...

Loss of $0.0693 per share...

Am attempting to buy if it dips to $6.32 - or a 1% break below today's low on the possibility that Bernanke will cause a fakeout and then knife above to form a new high, which would then give me an opportunity to profit on about $0.30 per share...

Stranger things have happened, so there's a chance this could occur...

Shopping Casket

Over the weekend, I decided to establish new business hours of 4 am to 4 pm in order to work with all different time zones from Hong Kong to India to Europe and the USA. After a beautiful bounce on Friday, I thought we'd have a promising segue into this important week, where we get to hear straight from His Royal Highness with tomorrow's FOMC Statement.

So this morning, I rolled out of bed at around 3:30 am to get ready for a big day ahead. I felt ultra upbeat and started implementing my 27-point corporate marketing plan with a tonne of energy and enthusiasm.

As soon as the market opened, I developed an instant hatred for David Cameron and all Tall European Men.

It turns out I dug my own grave and the market makers threw in a casket for free.

The more I looked at the market, the fraidier I became. This isn't the type of energy I want to subconsciously project onto my business, but the strangest thing is that VIX is now in the red. What? That's kind of a first, isn't it? I'm hoping and praying that this could be the first sign that it's now the bears' turn to be cremated. 25 on VIX is key. Will we see some further downside on VIX? And could it signal the market turn that I sorely require?

My latest play, PQ, closed the day near its daily high, which is all the more encouraging.

Keeping the stock market faith alive is so difficult at this point, but I'm already in so deep. I might as well see if I can start turning this grave into a tunnel somehow...

Friday, 9 December 2011

+2.64% SBA

+1.00% Roth IRA

+1.55% DJIA

+1.94% Nasdaq

+1.69% S&P

+0.83% FTSE

+1.25% Eurofirst

-1.48% Nikkei

-0.62% Shanghai

-1.67% SENSEX

+1.52% WTI Crude

+1.34% Brent Crude

+0.05% Gold

+1.91% Copper

-0.85% Corn

Monday, 12 December 2011

-4.83% SBA

-2.02% Roth IRA

-1.34% DJIA

-1.31% Nasdaq

-1.49% S&P

+1.37% Nikkei

-1.02% Shanghai

-2.12% SENSEX (leave my favourite 9FM alone!)

-1.27% WTI Crude

-1.22% Brent Crude

-2.85% Gold

-2.92% Copper

+0.26% Corn

-2.65% VIX, currently at 25.67

E*Traders, Don't Change An Open Order...

I think that's how two PQ orders got in. I was changing an open order as the existing open order got hit, resulting in two orders.

Thankfully, I decided to cancel the $6.63 bid, or I would have ended up with a position double the intended size at virtually the same entry.

This just goes to show that anything can happen in trading - especially when a bimbo's driving...

Yikers, Bikers, We're On Rikers: Natural Gas Storage Disaster Day...

If you follow Professor Schlossberg every once in a while, he frequently talks about how people mistakenly put in buy orders when they meant to sell and vice versa in real life trading. I always think, oh yes, that used to be me. So when the Natural Gas Storage numbers came out at -20B, I set a buy order on PQ @ $6.73. I then changed it to $6.63 and finally cancelled it on the knee-jerk-reaction pop to $6.88 right after the news. I didn't think much about my 'cancelled order.' I specifically thought to myself that I would buy something - maybe PQ or JRCC - if VIX tries for 35.

So when I looked at my portfolio after the market closed since I was working on some other stuff for my business for a while, I was open outcry shocked to see my bid had been hit and that I am now stuck with another commodity play loss.

I swear I thought it was cancelled, but now that I look at my cancelled orders, there was another cancelled PQ buy order @ $6.63, so I'm glad the second one didn't go through.

How did two orders get in and how long will it take ForexBimbo to get out of this one? Worse yet, wasn't I supposed to stick to my thus far futile goal of trying to buy an LYG dress on a dip? Amidst the backdrop of the Eurozone bank stress tests, which showed that banks have a 115 billion EUR shortfall, LYG fell -8.33% today, but I still didn't get hit.

Though the implementation of my PQ entry was bimbo, I did have reasons for going into PQ. My research from a couple of days back showed that PQ had a very high short % float number [of 20%] and an even more significant Short Ratio of 8.3, which means that it'll take 8.3 days of trading volume for all the shorts to be covered. This is a long time and if the right dynamic shift occurs, the upside could be significant as the bears run for cover. However, the question is how bad can it get on the other side of the pond?

One thing I'm going to make certain of is that I'll move my free cash over to another account just in case I decide to inadvertently make any other bimbo moves. Cash is good to have in an account, but imagine putting in a buy order with a bid size of a 0 too many and then actually having it go through. On certain pricing, that can even happen with my bike sized account and something like that will even be more painful than my current situation!

Right now, the only thing that can save me is that the party over in the Eurozone ends with champagne rather than empty promises.

-3.58% SBA

-3.23% Roth IRA

-1.63% DJIA

-1.99% Nasdaq

-2.11% S&P

-1.14% FTSE

-1.51% Eurofirst

-0.66% Nikkei

-0.12% Shanghai

-2.30% SENSEX

-2.51% WTI Crude

-1.83% Brent Crude

-1.90% Gold

-1.95% Copper

+1.37% Corn

-0.56% EUR/USD

-0.47% GBP/USD

+6.94% VIX (now that's love...)

-9.39% PQ

-8.73% JRCC

-7.25% HWD

-5.81% CENX

-5.36% SLT

Treat Me To A New Treaty...

I don't understand why some people make things more complex than they need to be. I certainly have been guilty of this crime with my trading, but it seems Germany's insistence on treating the market to a new treaty has sent many market makers spreading rumours that we should all head for shelter in the midst of an impending thunderstorm, but the data clearly shows that very little running is actually being done.

The warning signs that tree branches might get knocked down and winds will be blowing strong have been issued. Will it turn out to be like Mayor Bloomberg's hurricane evacuation orders? What's the best thing to do but get in one of the GOLs' cars in hopes that they will drive us wild with their smart Burberry suits, dark-framed glasses, and forexy British accents?

I'm still stuck in a spell where I can't buy and I can't sell. Everyday that ticks by decreases my efficiency by a good margin. But as the market could still go either way, I'm reluctant to buy, though the Glencore Traders have been in a good mood - putting in a new high and closing strong.

The road's still paved with gold; we've just got to dig deeper!

Tomorrow's one of my favourite days of the week: Natural Gas Storage Day... There's also the BOE Rate Statement, ECB Minimum Bid Rate, US Unemployment - and after the market closes, there's China CPI.

I have this urgent desire to just jump into a trade that I think I need to suppress, but really, are the markets that bad?

+0.07% SBA

+1.12% Roth IRA

+0.38% DJIA

-0.01% Nasdaq

+0.20% S&P

-0.39% FTSE

-0.11% Eurofirst

+1.71% Nikkei

+0.29% Shanghai

+0.43% SENSEX (As long as the Maharajas are happy, I'm happy...)

-0.63% WTI Crude

-1.19% Brent Crude

-0.10% Gold

+0.14% Copper

-0.21% Corn

+1.92% VIX

GOLs: Designated Drivers In EU Summit Party...

The EU Summit Party's this week and I have nothing to wear! What I really want is an LYG dress, but I'm a bit disappointed I couldn't get it on sale today as my bid expired at market close.

On the surface, I'm not leading the same miserable trading life as I was before since I discovered the magic of profit-taking on my SBA. However, I haven't been able to buy and sell as freely as before - especially since the pain of my existence - the European debt crisis - has been haunting me with evil laughter every occasion it gets. I've been able to turn it into an opportunity about a third of the time, but there's a lot more untapped potential that I'm not exactly capitalising on.

My only hope for the imminent EU summit is for the deployment of funds from the European Stability Mechanism to begin much earlier than the market expects and that it can also have ECB loan facilities. Either of these will dizzy the bears enough for more upside, but only the latter will give us a Santa Rally armed with a steamroller large enough to send the bears stampeding into 2012. The bears have been well-fed this year, so how fast can they run?

But what if the EU fails? Does my portfolio have what it takes to survive?

I'm going to need to eye the GOLs very carefully. One 'see ya wouldn't want to be ya' move from the GOLs carries a tonne of weight since they're the most savvy traders on earth.

+0.37% SBA

+0.24% Roth IRA

+0.43% DJIA

-0.23% Nasdaq

+0.11% S&P

+0.01% FTSE

-0.36% Eurofirst

-1.39% Nikkei

-0.31% Shanghai

-0.25% SENSEX

+0.64% WTI Crude

+1.10% Brent Crude

+0.97% Gold

+1.02% Copper

+0.69% Corn

+0.04% EUR/USD

+0.02% GBP/USD

+1.04% VIX

It'll most likely be a sleepless night...

We Don't Speak German, But We Can If You Like...

The global markets were all 'we don't speak German, but we can if you like - and we might even try some French, starting with comment allez vous' after France and Germany reached a 'comprehensive agreement' on deeper fiscal union rules in the Euro rescue game. The most notable part underlines a commitment not to force private sector bondholders to take haircuts on any future Eurozone bailouts. Highlight the words future and Eurozone bailouts, meaning there is a commitment to rolling out more Eurozone bailouts, S&P. Separately, Super Mario Monti has already been warning the markets about aggressive ECB action day and night.

S&P stepped along just before the trading day ended, threatening to downgrade the outlook for 15 eurozone nations to negative, but it seems it's largely being shrugged off as European bank ADRs - including LYG and SCGLY - are still making a heavy uphill tread in Extended Hours Trading.

We've got to wait for the Japanese Housewives for confirmation, but although I was hoping for a severe retracement myself last week, I haven't been able to buy successfully yet. Three more days and we'll know. Failing the retracement, I'm going to look for an uptrend continuation pattern to buy over the course of the next several days.

The European leaders at all government levels have stepped up across the board ever since Thanksgiving. This is what we need to put the bears on the proverbial grill and the sacrificial lamb in the form of MF Global has already occurred!

Speaking of sacrifices, I'm officially done with my 3-day fast for 9FM! It was a trying time for me. In the midst of my 24-hour test-drive, I decided the only thing worse than doing a secret 3-day fast that 9FM isn't even going to know about is effectively doing a 4-day one because I'm actually bimbo enough to do a 24-hour test-drive. So I took it up a notch and went the full 72 hours on a water-only fast. Oh, but I roasted the duck and had the discipline not to even take one small bite on Friday, stashing it in the fridge after the cool-off period. I broke my fast last night after spending nearly the full day making a Santa Fe Chicken Soup with a sun-dried tomato and chicken broth base. It was as yummy as 9FM.

Tomorrow, I'm going to try a buy-on-a-dip with LYG and I'm going to continue to monitor my existing positions in BAC, HWD, JRCC, MFG, NMR, SLT, TGB, and WNR. JRCC and SLT seem to have a thing going for one another as their pricing has been moving very closely together. I'm going to consider it one position for now and it'll make me feel a little better about having sold JRCC $1 per share too early so far. Once the Maharajas start putting in their signature karma suture moves, my portfolio will start getting as sultry as Bernanke, who's been avoiding the spotlight lately.

I wish I was a little more like my idols, the GOLs. Are they psychic? They're almost always right on the money!

+0.78% SBA

+1.97% Roth IRA

+0.65% DJIA

+1.10% Nasdaq

+1.03% S&P

+0.28% FTSE

+0.80% Eurofirst

+0.60% Nikkei

-1.16% Shanghai (interesting... looks like China's got the Bwahaha)

-0.25% SENSEX

-0.41% WTI Crude

-0.54% Brent Crude

-1.37% Gold

-0.80% Copper

-0.81% Corn

+1.16% VIX

ForexDiva By Day...

... business owner by night! I know it should probably be the other way around, but it's just as well. I find I'm much more creative at night, which really suits my current arrangement. I've got to cast the net far and wide in order to make up for lost time, but I also feel this is the best time for me to venture on and I've got an excellent value proposition for many more 9FMs.

I've decided to secretly go on a 3-day fast for my first and most favourite 9FM. Fasting is something that's more suited to his religious beliefs, but I'm doing it for my own pious reasons - and in a way, it's very Catholic since Lent is a partial fast, isn't it. Aside from putting in my best work yet for him, I want to make sure that I've really done everything on every level for another 9 figures to come his way, so that's what my fast is about. That's how deep my financial love for him is. I'm on a 24-hour test-drive now and it's certainly not easy and I'm really looking forward to breaking my fast with some roasted garlic-rosemary duck later tonight, after which I won't be able to have another meal for three consecutive days!

Correct me if I'm wrong, but one thing I've noticed with my trading is that I haven't made one forex trade this year, which has actually resulted in a positive P/L overall, though I hasten to say that my paper losses are worse than ever.

I need one delectable buy-on-a-dip opportunity over the next week and I wouldn't mind two!

Though the unemployment rate dipped to 8.6%, we closed on the weak side after a surprisingly fantastic week, but still managed to close above yesterday's close across the board on BAC, CENX, SLT, and WNR. JRCC and TGB closed below yesterday's close, so I'm going to look to these two for buying opportunities.

+0.26% SBA

+0.93% Roth IRA

-0.01% DJIA

+0.03% Nasdaq

-0.02% S&P

+1.15% FTSE

+0.95% Eurofirst

+0.54% Nikkei

-1.10% Shanghai

+2.20% SENSEX (oooh, Maharajas!)

+0.79% WTI Crude

+1.01% Brent Crude

+0.60% Gold

+1.48% Copper

-1.35% Corn

-0.45% EUR/USD

-0.55% GBP/USD

HSW, HSFTs!

Three Gaps & They're Trapped!

We've had three opening gaps to the upside this week on JRCC as well as CENX - [and even SLT].

I've clearly sold too early on JRCC, missing out on over +15%, but could we potentially see another buying opportunity present itself before the European Summit in Brussels on 8-9 December 2011?

They wouldn't be the bears if they didn't try to knife us back a few gaps with some TETSOB moves. Too bad I won't be in Belgium then...

Missed the Market Today...

At an ungodly hour this morning, I decided to do some more proposals for my business, resulting in me completely missing my alarm - and therefore, Natural Gas Storage Inventories.

I would rather miss some minor market action than be so engrossed that I could potentially miss paving an even bigger financial path for myself though.

I've made up my mind: by Q1 2012, I'm going to have to bring in more business - and when I do so successfully, leaving my previous job would have been worth it both emotionally and financially. I've avoided discussing the emotional aspect of this lifestyle choice, choosing to hide behind a facade of anger. But in all honesty, behind the opera mask of being a diva, it hurt and though I'm sure my previous employer felt betrayal, no one can feel more betrayed than an employee who has put her heart and soul into her work for 9 consecutive years.

Finally, I felt like a gradual shift in philosophy occurred within me after my lovely business class journey on Cathay Pacific to Hong Kong. So I've been taking action ever since.

As I've got to get ready to meet my new BFF real estate broker since I may have to relocate depending on prevailing market conditions and whether I can find a better but yet more cost effective humble abode, I have to cut straight to today's report card:

+0.73% SBA

-0.07% Roth IRA

-0.21% DJIA

+0.22% Nasdaq

-0.19% S&P

-0.29% FTSE

-0.61% Eurofirst

+1.93% Nikkei

+2.29% Shanghai

+2.23% SENSEX (darn it, should have called 9FM!)

-0.38% WTI Crude

-1.34% Brent Crude

-0.13% Gold

-1.09% Copper

-1.08% Corn

+0.16% EUR/USD

-0.05% GBP/USD

-1.12% VIX

+7.06% WNR