Rolling Over

I rolled over my three futures positions to a later month yesterday/today. I figured trading up close to the expiration date would be fine so long as the volume and spreads stayed reasonable, but my broker required them to be rolled much earlier. No biggie.

The one thing that went awry was my wheat trade. It traded up to my stop, so I ended up turning from short to long. It is basically hovering right up barely above the downtrend channel, so hopefully it was enough of a move. We'll see.

the 30 year bond and gold did very well today. The dollar weakened considerably, which helps there. Speaking of the weakening dollar, I really missed a great opportunity to get some of my account back last night/this morning. I was looking at the EUR/USD chart and wanted to take a long position anticipating a breakout from a long consolidation pattern. I didn't. Guess what? Big breakout. Would have scored around 100 quick pips for a very nice one-day haul of $500 or $1000, depending on how much of a position I would have taken. Either way, huge chance gone. I may still try to take a position on a pullback to support, but I don't know. I'm really thinking I should just stick to futures and see what happens. Here's the chart:






Ignore the double line at the right edge. Not sure why it is on there twice.

Nothing happened with the stocks today. I'm at just about 3.5% gain for the month of November so far after a month over 4% in October. Not bad without leverage I'd say. At some point things will slow up and I'll be hammering the market with cash:) Until then, I'm not calling a top. I'll leave that to the others.