April 3, 2012

11:20 am E.S.T.
Good morning everyone,

I hope everyone has been trading well. By way of a reminder, I've been posting all of my trades live as they happen over at the No Nonsense Trading Forums. Had another win and profit yesterday on that jump higher in the Crude Oil market. If you remember from Sunday's issue, I stated that I was looking at the Silver market. Stalking it. It's actually for a short, and it seems to be lining up perfectly. The Daily Chart gives us firm resistance at the $33.10 to $33.25 region. For an account the size of A.M.B, I'd be looking at using the mini-contract of Silver if possible (I say 'if possible', because that market at times can become too thin to trade). So it's just waiting for periods of congestion near those levels, and when it begins to break down and out of any such congestion? I'd be looking at a short. Until next time, stay safe trade well, and remember that loving other people doesn't cost a dime.
Note: I, the author do not grant this work for wide distribution beyond any single individual subscriber as this publication is protected by U.S. And International Copyright laws. All rights reserved. No license is granted to the user except for the user's personal use. No part of this publication or its contents may be copied, downloaded, stored in a retrieval system, further transmitted or otherwise reproduced, stored, disseminated, transferred, or used, in any form or by any means except as permitted under the original subscription agreement or with prior written permission. The above statements should not be construed as an investment or trading recommendation. Aileron Market Balance is a newsletter that allows subscribers to look 'over my shoulder' as it were, for my own personal specific trading and investing ideas and thoughts for the next week. But they are only thoughts as of the moment of publication, and are subject to change. Any trades or investments that I discuss within this newsletter are simply my own thoughts regarding my own investing and trading outlook. Remember that entering any market is an individual decision. There is no guarantee that I will enter, or have entered any of the trading or investing ideas that I discuss in this newsletter; as larger accounts may require a different strategy as the ones presented here. This newsletter simply contains my trading and investing thoughts for the next week. I personally only enter any market after watching and reading the tape and I trade using money management principles1. The losses in trading can be very real, and depending on the investment vehicle and market, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 16 years of experience in trading and investing in these markets. The Model Portfolio accounts are hypothetical accounts,with all of the inherent problems therein, which are used within this newsletter in an attempt to track the results of this newsletter, and is run for the education of other traders who should make their own decisions based off their own research, due diligence, and tolerance for risk. Any pictures used within this newsletter are believed to be public domain. Any charts that are displayed using the ThinkorSwim platform, and other pictures were obtained through Wikipedia's public domain policy.

1 Exact Link - http://nononsensetrading.com/MoneyManagement.html