SRS & SDS

SRS looks like a great setup for a long if the price can close above 7.34... SDS looks good as well if price can close above 34.52 both of these are low risk trades... Hope it helps...

HAPPY NEW YEAR

Christmas was one of the best I've ever had(had many great ones) as we close out 2009 and prepare to enter the new year... If New Years Eve turns out to be just a fraction of what Christmas day was, I will be one happy man... With all that said, I want to wish you all a "Happy New Year" and may the trades and profits be with you in 2010...

WHAT A YEAR!!!!

CHOPPY AND THIN...

Usually means that it will be tough trading... BE CAREFUL!

here's one that is worth a couple of bucks...

EUR/CHF long @ 1.4901 Short @ 1.4850 target 45 to 55 pips

Short @ 1.4850 stop @ 1.4890 target 1.4796

Where's the money

Banks receive this money and will lend. - NOPE! This has not happened. This I believe is one of the greatest lies that has been made in this crisis. Why would any smart banker lend in the teeth of a nasty, jobless drecession? Would you? If you looked at a firm that is asking for credit and he tells you that their business is slowing and they need a loan to make payroll, do you think they are a good risk? Asking bankers to lose money on bad loans is not a solution to the crisis. On a positive note, I am hearing some of my clients being contacted by banks that are desiring to lend on

Banks and other bank holding companies...er investment banks and insurance companies can now borrow at zero overnight and buy stocks, bonds, and commodities. Is there any wonder why all markets are screaming? What happens when that money is taken back? Remember, this money was intended to strengthen balance sheets and also intended to be lent out to companies and consumers, not find their way to the craps table!

nterest rates are still low and creating asset bubbles. - Banks and other bank holding companies...er investment banks and insurance companies can now borrow at zero overnight and buy stocks, bonds, and commodities. Is there any wonder why all markets are screaming? What happens when that money is taken back? Remember, this money was intended to strengthen balance sheets and also intended to be lent out to companies and consumers, not find their way to the casino!

terms now. This may be an indication of some thawing.

Great short with a stop @ 39.49... Hope it helps

GBP/JPY

This chart is worth a serious look...

QQQQ monthly chart

The QQQQ is absolutely insane with strength... It has broken the downtrend and now has broken through the 61.8% retracement... All I can say is con quidado (be careful) Hope it helps...

Nice ETF Setups

A pullback to 9.65 I will enter a long position using 9.30 as my stop...

A pullback below 22.61 I will enter a long with a stop @ 22.37, this is a low risk trade

Currency Setups

cad/chf long @ .9907 short @ .9857 target one 50 pips next target 95 pips from entry

Order canceled - pattern didn't materialize

gbp/jpy long @ 1.4673 short @ 1.4568 target 100 to 110 pips

Order canceled - pattern didn't materialize

canadian futures long @ .9575 short @ .9515 target one 55 to 65 pips

Long @ .9575 stop@ .9549 target one @ .9635

Target one hit moving stop to .9609 next target @ .9650

Stopped out + 60 pips

Economic Apocalypse $$$

Could China be the next Financial Bubble? According to Stephen Moore it's worth a listen...

Fashion

If this is what FASHION has become! I am really glad I'm no longer in the fashion world... HIDEOUS! eeeeeck... WOW!!!!

INFLATION???

As I wrote back in October about Inflation vs Deflation, it appears to me that inflation is winning this heavy weight fight... So, how do you prepare yourself to hedge against inflation? Here's one opinion...

Bill Tedford is encouraging investors to bet against remarks by Federal Reserve Chairman Ben Bernanke, who told a group of Washington-area business leaders this month that "inflation could lower from here."

For more than 20 years, Mr. Tedford has run a benchmark-beating bond portfolio for Little Rock, Ark.,-based Stephens Inc. And though Mr. Bernanke sees slack in the economy that could push inflation down, Mr. Tedford says inflation already is evident in the consumer-price index and will lurch higher in 2010 and 2011.

He and Stephens have begun encouraging clients to invest more money in timber, oil and gas,http://online.wsj.com/article/SB10001424052748703521904574614651367337752.html?mod=googlenews_wsj

We have arrived @ the 50% retracement... What's next???

GBP/USD

Long @ 1.6006 stop @ 1.5986 Target 1 @ 1.6028

Currency & Futures Setups

EUR/AUD Long @ 1.6289 Short @ 1.6216 target one 70 to 80 pips

Long @ 1.6289 Stop 1.6238 target one @ 1.6347

STOPPED OUT @ 1.6302 + 13 PIPS

GBP/JPY Long @ 1.4670 Short @ 1.4606 target one 65 to 75 pips

Long @ 1.4670

STOPPDED OUT - 31 PIPS

ES Long @ 1116.00 Short @ 1109.75

Long @ 1116 stop @ 1109 target @ 1120

Target Hit +4 points

Corn Long @ 400.00 Short @ 393.25

Long @ 400 Stop @ 397 Target 1 @ 406.50

Moving Stop to 404.00 locking in +4 points

TARGET HIT +6.50 points - HO HO HO!!!!!!

GBP/CHF

Long @ 1.6811 Short @ 1.6746 target 60 to 70 pips

Long @ 1.6811 stop @ 1.6747 Target @ 1.6863

STOPPED OUT - 64 pips - definitely a fakeout off a bad candle

Aud/jpy

AUD JPY Long @ 80.37 Short @ 79.90 target 45 to 55 pips

Long @ 80.37 stop @ 80.20 first target 80.72

Stopped Out -17 pips

Aud/Nzd Long @ 1.2507 Short @ 1.2459 target 40 to 50 pips

Short @ 1.2459 stop @ 1.2508 target @ 1.2411

STOPPED OUT - 49 pips

Currency Setups

EUR/JPY Long@ 129.83 Short @ 129.15 target range 65 to 75 pips

Long @ 129.84 stop @ 129.14 1st target 130.68

Target hit @ 130.68 + 84 pips

Aud/Usd Long @ .8917 Short @ .8807 target range 105 10 115 pips

Short @ .8807 Stop @ .8857 1st target @ .8767

1st Target hit @ .8767 moving stop to .8814 2nd target .8736

Moving target to .8726 and stop to .8781

STOPPED OUT +26 pips - not what I had in mind

Nzd/Usd Long@ .7121 Short @ .7062 target range 55 to 65 pips

Short @ 70.62 Stop @ 70.72 Target 1 @ 70.24

Target hit @ 70.24 moving stop to 70.24 next target @ 69.96

Target Hit + 125 pips - I should have captured more profit here but I wasn't in front of my monitors...

Eur/Gbp long @ .8895 Short @ 88.56 target range 45 to 55 pips

Long @ .8896 stop @ .8876 1st target .8926

TARGET Hit + 30 pips

gbp/cad

LONG @ 1.7313 Short @ 1.7183 Range 128 to 140...

Long @ 1.7313 Stop @ 1.7203 Target 1.7450...

Moving stop to 1.7282 - pattern changed

Stopped Out - 31 pips

I AM MOVING WILL RETURN SHORTLY...

AUD/USD

Short @ .9131 stop @ .9195 target 1 .9098...

First Target hit @.9098 moving stop to .9158 next target @ .9033

TARGET Hit + 98 pips - took sooo long

GBP/USD

Long 1.6320 Short 1.6222 95 to 105 pips

Long @ 1.6320 stop @ 1.6270 first target 1.6412

STOPPED OUT -50 PIPS....

EURO

Sell Limit order to short @ 1.4777 and short or add to short @ 1.4667 target 100 to 110 pips... This is a very nice setup...Hope it helps...

SHORT @ 1.4777 stop 1.4827 target 1.4677 moving stop to 1.4722 locking in 55 pips

Adding to short @ 1.4667 target 145.67

You can't draw it up any better then this setup...

SECOND TARGET HIT + 200 PIPS

Gold Futures

Long @ 1139.10 Short @ 1122.50 target 15 to 18 points either way...

LONG @ 1139.10 Stop @ 1133.00 Target 1 @ 1150.00

STOPPED OUT -6.10 POINTS - THAT HURT... I think my stop was too short, this is one time I wish I was awake... I would have been able to move my stop and capture some profit....

USD

Long @ 76.60 Short @ 76.29 target 30 to 40 ticks

Short @ 76.29 Stop@ 76.45 first target @ 76.17

STOPPED @ 76.45 - 16 TICKS :>((

CME

Here's a nice setup with a stop @ 310 and first target at 337 then manage till you can't take anymore profits.... Hope it helps... LONG @ 325.91 Hit Target + 32%

Money Do List

currencies

EUR/USD Long @ 1.4774 Short @ 1.4672 target 95 to 105 pips either way

EUR/GBP Long @ .9060 Short @ .9034 target 45 to 55 pips either way

Long @ .9060 Stop @ .9031 first target .9099

STOPPED OUT -29 PIPS

GBP/CHF Long 1.6729 Short @ 1.6644 target 80 to 90 pips

Long @ 1.6733 stop @ 1.6690 first target 1.6781

STOPPED OUT @ 1.6690 - 39 pips

Futures

EURO Long @ 1.4758 Short @ 1.4675 target 75 to 85 either way

ES Long @ 1097.25 Short @ 1084.75 first target 5 points

Long @ 1097.25 stop @ 1092 first target @ 1100.75

TARGET HIT +4.5 points

YM Long @ 10339.25 Short @ 10227.75 first target 32 points

Long 10339.25 Stop @ 10296 first target @ 10373

First Target hit @ 10373 next target 10411

TARGET HIT 10411 TOOK FOREVER!!!!! +71.75 points

ZN 10 year treas Short @ 118'114 first target 118'098

Short @ 118'130 Stop @ 118'117 first target 118'045

Target hit @ 118'045 moving stop to 118'045 next target 118'030

TARGET HIT + 1 - YIPPEE

ES Futures

ES Long @ 1097.75 Short @ 1089.50 target 8 points either way

Short @ 1089.50 Stop @ 1097.50 first target @ 1082.50

Moved stop to 1087.50 STOPPED OUT + 2 points

NQ Long @ 1781.25 Short @ 1767.75 target 13 to 15 points either way

Short @ 1767.75 stop @ 1781.25 first target @ 1755.25

Moved stop to 1762.75 Stopped out + 5 points - not what I had in mind...

Currency Setups

NZD/JPY Long @ 62.86 short @ 62.00 target 85 to 95 pips

Long @ 62.90 Stop @ 62.40 first target @ 63.62

First target hit Moving stop to 63.60 second target 64.11

TARGET HIT +121 PIPS

CAD/CHF Long @ .9667 Short @ .9625 target 45 to 55 pips

Long @ .9667 Stop @ .9620 first target @ .9693

First target hit moving stop to .9663

Moving stop to .9762 new target .9824

SECOND TARGET HIT @.9824 + 157 pips

EUR/CAD Long @ 1.5687 Short @ 1.5623 target 60 to 70 pips

Short @ 1.5623 Stop @ 1.5687 first target 1.5580

TARGET HIT +43 pips

This was a good lesson today... I had too many trades on and set a limit order to sell in case of a gap down and I only got the first target... Had I managed the trade as I usually do, I would have hit second target!!!!!

BORN TO TRADE

I'm not seeing any setups for tonight... The USD was a great setup that I posted earlier today... As I posted my thoughts about the dollar, I got sidetracked with other things like sending alerts, moving stops, targets and postings... I missed the USD trade because I was TOO busy... In the end I believe I was born to trade... I hope my postings are helping people that struggle with trading or investing as I continue to promote TRANSPARENCY in very secretive industry... Being a disciplined trader is very HARD but PROFITABLE!!! I'm out for the night...

Worth a watch... TBT

I COULDN'T HELP MYSELF!!!!

Cad/Jpy

Moving stop to 83.47 locking in +121 pips...

Target Hit @ 83 plus +168 pips.... Life is good!!!!!!!!!!!!!!!!!!

I Love to TRADE............

USD & Equities

The usd is trying to break out... This would start a market correction unless the two have gotten DIVORCED... I know they have been separated for a while, but lets see what happens this week...

GMAIL

My gmail is not working so I wasn't able to send alerts this morning... We're working on it...

AUD/CAD

Long @ .9619 Short @ .959 target 55 to 65 pips... Hope it helps

Short @ .959 stop @ .9620 first target .9558

STOPPED OUT!!! -61 PIPS while I was asleep

GOLD Futures

When gold gets to 1181.80 I will look @ how it reacts and position myself for a short unless it tells me otherwise... Hope it helps

NQ Futures

The NQ has formed a nice pattern, I will watch this closely for a breakout...

Potential Setups

Cad/Jpy long @ 85.85 Short @ 84.68 Target 95 to 105 pips either way

Short @ 84.68 Stop 8507 first target 84.02 second target 83 new stop 83.69

Eur/Chf Long @ 1.5153 Short @ 1.5104 Target 45 to 55 pips either way

Short @ 1.51.04 stop @ 1.5120 first target @ 1.5054

ES Futures long @ 1110.50 Short @ 1099.75

Stopped out +5 points

Short ES @ 1099.75 first target @ 1095.75 hit Stop @ 1094.75 Locking in 5 points

Also some of the etfs are setting up nicely will advise later... Hope it helps

ES Futures

Long @ 1106.25 stop @ 1102.25 tagret @ First target 1110.75...

Moving stop to 1108.25 locking in 2 points risk free trade...

STOPPED OUT +2 - Not what I was looking for

Euro Short

When the euro retraces to the 50% I will short with my stop just above the 61% retracement...

Hope it helps...

Potential Setups

Eur/Aud Long 1.6294 short @ 1.6166 Target 125 to 135 pips either way

Long @ 162.99 stop @ 162.44 first target @ 1.6325 second target 1.6410

STOPPED OUT!!!!!!!!!!!!! - 54 PIPS

Aud/Nzd Short @ 1.2709 Long @ 1.28 Target 80 to 95 pips either way

Long @ 1.28 stop@ 127.60 First target @ 1.2842

Will add to position if breaks above 1.2812

In my opinion there aren't a LOT of setups for tomorrow at this time... Is the USD rally a fake or real? Will the S&P break higher? Will gold hold @ support?Some of these questions should be answered this week... There isn't a lot of CLARITY... Hope it helps...

The End of Audacity

The End of Audacity

Worth Watching - HYSTERICAL

WHAT A DAY

DONE FOR THE DAY!!!!!! GOING TO GO PLAY...

Gold Futures

Short @ 1201.30 Stop 1207.30 Target 1181.30... I'm going to bed...Hope it helps

Moved my stop to 1213.90 to previous high of box pattern...

TARGET HIT +20 moving stop to 1188.40 Managing this trade to capture more profit...

Closed out trade @ 1169.90 HUGE +38 points

Forex Setups

Cad/Jpy Long @ 83.89 target 85.70 - TARGET HIT +181 PIPS

Aud/Nzd Short @ 127.80 target 1.2727 stop @ 1.2808 TARGET HIT + 53 pips

Gbp/Cad Long @ 1.7559 Short @ 1.7454 target 95 to 105 pips either way

SHORT @ 1.7453 target 1.7356

Gbp/Jpy Long @ 146.13 Short @ 145.39 target 65 to 75 pips either way

LONG @ 146.19 target 149.23 stop @ 147.60

Nzd/Jpy Long @ 64.06 Short @ 63.36 target 65 to 75 pips either way

LONG @ 64.06 target 64.81 stop @ 64.14

Aud/Jpy Long @ 81.99 Short @ 81.10 target 80 to 90 pips either way

LONG @ 81.99 target @ 82.99 stop@ 82.12

This should keep you busy... Looks a lot better then a HONEY DO LIST!!!! Hope it helps...

/ZB 30 Year Treas

Long @ 120'10 stop 119'26 first target 120'22 second target 121... Hope it he

Order Canceled

EUR/CAD

Worth watching should price break 1.6009 on the daily...

UNG

This is one of my favorite setups... Tell me why and what you see...

AUD/USD

Long @ .9303 stop @ .9277 ...

STOPPED OUT - 26 PIPS

GOLD

1296 HERE WE COME!!!!!!!!!!!!

AUD/USD

Moving stop to .9260 now becomes a risk free trade...

Stopped out +5 pips - NICE!!! Just kidding........

AUD/USD

Moving stop to .9269 minimizing the risk for this trade... Hope it helps

AUD/USD

Long @ .9295 stop @ .9235 target 1 @.9312... Hope it helps

Reversed and went short @ .9265 stop@.9295 first target @ .9207

TURMOIL Creates OPPORTUNITY

For those of you that mirrored my Gold Strategy I posted on September 13, 2009, I'm sure your profits have been HUGE! Those of you that didn't, I've got only one thing to say: oh, well...

I want you all to remember that, where there is TURMOIL, there are also OPPORTUNITIES!!!! The Dubai World issue, all world currencies becoming increasingly volatile, the equity markets testing resistance, gold selling at a record high, the HEAVY WEIGHT fight of inflation vs deflation, industry insiders selling 26 to 1, an astonishing lack of liquidity in the banking system - and the list goes on and on. I won’t bore you with more details, since I’m sure you all already know what's going on, and are watching. Fear is creeping into the marketplace just as the toxic paper that brought down our financial system has done. H'mmm, SURE smells like TURMOIL to me and that spells OPPORTUNITY. We've all got to be patient and wait for the opportunities to reveal themselves, which they are going to do in fairly short order.

Keep tuned for more information and further developments!

Limit orders on ES Futures see blog - jamesolivertrades.blogspot.com

ES Futures

Long @ 1111.25 Short @ 1105 ... Hope it helps

WENT LONG @ 1111.25 Hit Target 1 @ 1115.50 +4.25 Points

Eur/Jpy

Target 1 hit @ 131.55 moving stop to 131.27 next target @ 132.38... Hope it helps

STOPPED OUT +22 pips - not what I was looking for!!! Had I been awake I would have captured at least 50 pips but I was sawing logs... Expensive to DREAM!!!!

EUR/JPY Target 1 hit see blog - jamesolivertrades.blogspot.com

Long Eur/Jpy

Long EUR/JPY @ 131.05 stop 130.40 Target 1 @ 131.55 target 2 @ 132.38... Hope it helps