Intra-day we sent out BLOG Posts for Crude Oil, and for Gold. Those of you that requested emails when updates were made were also sent emails intra-day. Gold and the British Pound were exited with profits. Crude Oil still has a nice unrealized gain. There is a small unrealized gain in Cocoa. This is a typical story on a typical day. Now for the atypical information.
We did a post that said do not enter the ETF on Cotton. This is because technically Cotton hit a trailing stop last night and exited with a gain of $690 (entered at 202.29 and exited at 203.67). Then (since no BLOG reader knew, and neither did I at the time), Cotton hit its bottom stop of -$2,300 at 197.69. However, it then made new highs and then closed at 208.82. At this point, if you were still in the position, the profit would have been over $3,000. At this moment, Cotton is trading at 205.62, and therefore the position would be up $1,500. Since we started the BLOG, we haven't had a problem with a trade to this extent. Cotton was extremely volatile last night, both to the upside and the downside, and our formulas are truly calculated dynamically. I was unable to update the BLOG until I had had a chance to examine the actual intra-day behaviour. We are sorry for any inconvenience that this has caused. Most nights, things are fairly simple, even with the dynamic formulas. Last night, this was not the case, and I was not in the office. Depending upon what you did, you might have done much better than the BLOG.
A simpler but similar situation took place with silver. Silver was stopped out last night, but has since rallied. Also, the same system that gave rise to the first signal was triggered again, so we show ourselves still long in the BLOG, with stops that are higher than yesterday's close (since the new position has rallied overnight), and is now profitable. Anyway the stops shown are valid, even though they look suspicious.
New Signal: Go LONG the Japanese Yen, Market On Open. Symbols: JYM11 and FXY. Record: 33 wins out of 39 trades for 85%. Initial Stop: about 121.66 for futures and about 1.6% for ETF. "Let the buyer beware." This currency has been more volatile than any other I know of.
If you wish to be notified of new posts, let me know at bassanalytics@live.com. I will send you an email every time there is a new post. Follow us on Twitter at www.twitter.com/bassanalytics.Any views expressed herein are provided for informational purposes only and should not be construed in any way as an offer, an endorsement, or inducement to invest. Past performance is not indicative of future results. Investors should discuss any investment with their personal investment counsel. The quotes and symbols used in the BLOG are believed to be reliable, but no guarantees are made with regard to the accuracy. We may have positions in one or more of the ETFs or futures of the computer-generated signals.
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