Sunday, November 21, 2010
NFTRH111 Out Now
The blog is a relatively rapid fire forum where an individual trader puts out thoughts - sort of a bulked up Twitter, really. By the time NFTRH111 was done, I saw the reason why putting in a bearish hedge with silver may have been a good idea in the short term, and why I had a nagging feeling the USD was not done on the upside. Real, hard work can be very comforting because it provides answers - at least to the question 'what are the probabilities?'
There is a very short term scenario in play, which is intimately tied to a much different scenario in the four month (+/-) run up to an intermediate term scenario that is different yet again, potentially drastically so.
Then again, I am just a teeny tiny little player in a really big, really noisy macro circus. Thus, the risk that things do not unfold as currently anticipated will be managed as well. These are the markets after all, and try as we may, we can't control 'em.