Archive for the ‘Managematics Model Portfolio’ Category
RL Closing Trade
A little over three weeks ago we entered into an option spread in RL. We discussed the logic of the trade which was based on the possibility of an ending diagonal Elliott wave pattern. We also identified at the time a price level that would invalidate the pattern and today RL traded above that level. […]
Trade Closed: March 2012 E-Mini Dow Futures
The model portfolio has now been stopped out of our position taken earlier today. The net loss to the portfolio was $120 before commissions. We still do not have conviction that a turn is in, but we had an opportunity to take a trade with a good setup and only 12 ticks of risk. That […]
Updated Trade Setup: March 2012 E-Mini Dow Futures
The model portfolio is altering its entry criteria 2 contracts of the March 2012 E-Mini Dow Futures. Our stop market order to short two contractsis being moved to 12,981.
Our initial stop will be at 13,043. However, we will likely lower this quickly after any trade is triggered. If the contract trades above 13,043 before our […]
New Trade Setup: March 2012 E-Mini Dow Futures
The model portfolio is preparing to enter a trade short 2 contracts of the March 2012 E-Mini Dow Futures. We want to see trade move in our direction before taking the position so we are entering a stop market order to short two contracts on any trade at or below 12,940.
Our initial stop will be […]
Stalking a EURUSD Short
Update: It was only a matter of mere minutes after discussing this possible trade setup that we have to discard the possibility. The Euro dropped to a level which invalidates the pattern. We are still looking for opportunities to trade a trend change in the Euro. The pattern discussed below would have given us high […]
Discussion of RL Trade Setup
Last week the model portfolio took a short position in RL. This is a setup based on the Elliott wave ending diagonal pattern. The ending diagonal pattern is one or the complex and specific patterns that exist. In other words many more rules need to be satisfied to create a possible ending diagonal than any […]
New Trade Setup: RL Bearish Vertical Call Spread
The model portfolio is taking a bearish stance on Ralph Lauren (RL) by selling a vertical call spread in the name. We want to make the following trade:
Buy 5 July 2012 RL 185 calls
Sell 5 July 2012 RL 180 calls
The current midpoint price of the spread is $2.15 and we will look to offer it […]
Trade Update: March 2012 E-Mini S&P 500 Futures
The S&P 500 has continued downward since we took our most recent short position in the March 2012 E-Mini S&P 500 Futures. However, the pattern isn’t as convincing as we would like. Therefore, we are lowering our stop on half of our position to 1312.00. That is, the model portfolio will now have […]
New Trade Setup: $DJX Put Ratio Back Spread
The model portfolio is looking to add additional short equity exposure today in a manner that reduces risk and can take advantage of expanding volatility. We will attempt to achieve this with a back ratio put spread on $DJX. Specifically, the model portfolio will:
Buy 6 June 2013 $DJX 120 puts
Sell 4 June […]
New Trade Setup: March 2012 E-Mini S&P 500 Futures
Yet again we are looking to sell short 2 contracts of the March 2012 E-Mini S&P 500 Futures. We will do this with a market stop order to sell 2 contracts at 1318.75. If filled we will put our stop loss order to by at 1330. We may adjust the trade […]