Long @ 121.57 Short @ 120.48 taregt 105 to 115
Sunday, February 28, 2010
Friday, February 26, 2010
TEN YR TREAS NOTE
Here's a nice setup on the weekly... I'm watching this for a breakout for a long or a short... Hope it helps...
Wednesday, February 24, 2010
Oil Futures (CL) or USO
Long Oil @ 79.63 stop @ 75.95 Target 84.50
USO Long @ 37.90
For those of you that don't trade futures you can buy the USO ETF with a target of 41.92 using options of course... Hope it helps
Tuesday, February 23, 2010
Gold Futures (GC) +2
Long @ 1100.10 Stop @ 1090.10 target one @ 1108
Moved stop to 1113.10 after target 1108 hit...
Stopped Out +2 not what I was looking for
Monday, February 22, 2010
Currency Setups -2 pips
GBP/USD Long 1.5521 Short @ 1.5447 target 70 to 80 pips
Long @ 1.5521 Stop @ 1.5447 Target one 1.5567
Target one hit moving stop to 1.5521
Stopped out -2 pips
GBP/CHF Long @ 1.6718 Short @ 1.6634 target 80 to 90 pips
$DJI
Here is a monthly chart of the DOW... We are at an interesting point in the market. Will the market rollover from here or push higher? The real question should be " does the market believe in this strength? I believe that the 10750 range is where I will short the market and look for a sizeable move to the downside... Of course I will wait patiently for confirmation of the setup... Hope it helps
Sunday, February 21, 2010
Silver Futures (YI) ETF ZSL
ZSL a low risk trade if you enter before silver tests 16.80... You could enter now with a stop @ 4.48 with target one @ 6.55... Hope it helps...
Silver futures I will short @ 16.80 range once setup confirms. For those of you that don't trade futures, you can buy the ETF ZSL (ultra short for silver...) Hope it helps
Silver futures I will short @ 16.80 range once setup confirms. For those of you that don't trade futures, you can buy the ETF ZSL (ultra short for silver...) Hope it helps
Gold Futures (GC)
As I write this post Gold has broken the previous swing high and filled the gap (see chart). As a disciplined/technical trader I will wait patiently for gold to pullback to 1100 for a long swing trade to test 1155...With that said, I will also look for intraday trades as well... Hope it helps
Friday, February 19, 2010
TBT
for those that bought this when I entered 9 days ago, this trade is up 69% and looks like the price should test 51.21 shortly... hope it helps
Wednesday, February 17, 2010
SDS
Not only has the SDS broken the downtrend and pulled back and held, but it also pulled back to the fibo retracement... Technically this is a very nice setup for a long position with low risk... Hope it helps
Tuesday, February 16, 2010
ES Futures
I posted this chart on 2-11 showing how the price had broken the downtrend... Looks like the price should go to 1109 and then we should be able to see what is next... Hope it helps
Friday, February 12, 2010
Thursday, February 11, 2010
E-minis
The ES has broken the top of the channel... We should see a rally to resistance... Hope it helps
$DJI (DIA)
I'm looking for the $DJI to test the 10380 range now that the price has broken the downtrend... You can apply this analysis on the ETF DIA... Next week is expiration week, so that usually means that the market rallies...Hope it helps
10 Yr Treas Futures
Long @ 118'020 Short @ 117'155
Long @ 118'020 stop @ 117'155 target @ 118'210
Moving stop to 117"310
Moving stop to 117"310
New Zealand Currency Futures (ZN) +50 Ticks
Short @ .6945 Long @ .710
Short @ .6945 stop @ .710 target .6895
TARGET HIT + 50 Ticks
ES Futures -10 points
Long @ 1072.75 Stop @ 1062.75 target one the top of the channel 1087...
STOPPED OUT -10 I should have managed this play, this kind of stop for this length in a trade I should have moved the stop... A booboo on my part... Costly one @ that
Gold
Will gold take out the previous breakout high at 1099 at the same time break the downtrend? I'm watching this for a potential setup...
Wednesday, February 10, 2010
10 Yr Treas Futures
This is the best setup I could find tonight. I can only assume the market is waiting for tomorrow's jobless claims at 8:30 est... A retest of the 118'125 I will enter a short position... Hope it helps
USD futures (DX)
I'm posting this chart on the USD futures for the purpose of showing why I entered this trade earlier today... As soon as the price broke the downtrend I entered a long position... Hope it helps
Last weeks results
Normally I don't post my results but I have one time and my followers seem to like the posting... Here are my results for the week of February 1 through February 7... This does not include stock or ETF picks... Hope it helps
Trades can be seen in the archives below...
Trades can be seen in the archives below...
Gold +26 points
Euro Futures 58 ticks
Yen Futures 51 ticks
ES Futures 2 points
Currency pairs + 425 Pips
USD Futures (DX) +52 ticks
Long @ 80.30 stop@ 78.90 target one @ 80.82 target two @ 82.00
Target one hit + 52 ticks
EUR/USD +144 Pips
Short @ 1.3706 stop 1.3816 target @ 1.3562
TARGET HIT +144 PIPS
target was hit while I was asleep otherwise I would still be in the trade
S&P Futures
Friday the S&P futures price bounced off the 200 MA (yellow line). Price should retrace to the top of the channel. If price breaks the top of the channel we should see a re-test of the high and possibly break through... Hope it helps
For those that don't trade the futures you can apply this analysis to the ETF Spy
For those that don't trade the futures you can apply this analysis to the ETF Spy
Corn Futures (ZC) -4 Points
Long @ 360.50 short Stop @ 360.75 @ 356.50 target 4 points
Stopped Out -4 points
Monday, February 8, 2010
YEN Futures +51 Ticks
Long @ .011268 short @ .011167 target 100 to 110 pips
Short .01167 stop @ 1170 target one 1116
Target Hit +51 Ticks
USD/CAD -100 Pips
Long @ 1.0720 stop @1.0640 target 1.0925 - this is a longer term trade...
Lowered stop to 1.0620 longer term trade
STOPPED OUT -100 PIPS
Sunday, February 7, 2010
AUD/NZD +70
Long @ 1.2624 Short @ 1.2528 Target 90 100 pips
Long @ 1.2624 stop @ 1.2565 Target one 1.2675
Target one hit moving stop to 1.2694 locking in 70 pips
Stopped out + 70 PIPS
Friday, February 5, 2010
CAD/JPY + 182 PIPs
This is a trade that I didn't post on my blog... I got sidetracked and when I realized I it, the trade had gone off and it was too late to post... I've never done this before. I'm posting the transaction from my statement for you all to see and confirm the trades... It was one of best trades in a while in particular the time frame that it took place... Hope it helps
| Transaction Date/Time | Currency Pair | Order Type | Buy/Sell | Base Currency Amount | Exchange Rate | Counter Currency Amount | Value Date | Order# | Commission, USD | Profit/Loss, USD* |
|---|---|---|---|---|---|---|---|---|---|---|
| Feb 4, 2010 2:15:01 PM | CAD/JPY | MKT | S | 1,000,000 DB | 84.95 | 84,950,000 DB | Feb 8, 2010 8:00:00 PM | 226843906 | 0.00 CR | 0.00 CR |
| Feb 4, 2010 5:02:01 PM | CAD/JPY | LMT | B | 1,000,000 CR | 83.13 | 83,130,000 CR | Feb 8, 2010 8:00:00 PM | 226869124 | 0.00 CR | 20,202.00 CR |
| Counter Currency Amount | |
| 84.95 | 84,950,000 DB |
| 83.13 | 83,130,000 CR |
EUR/CAD +50 Pips
Long @ 1.4775 Short @ 1.4678 target 90 to 100 PIPS
Short @ 1.4678 stop @ 1.4775 target 1.4573
Moving stop to 1.4628 locking 50 pips profit
STOPPED OUT +50 Pips
ES Futures +2 points
Long @ 1057.75 Short @ 1050.25
Long @ 1057.75 stop @ 1050.25 target 1073
Moved Stop to 1059.75 locking in 2 points
Stopped Out +2 not what I was looking for
Thursday, February 4, 2010
FXP & ZSL worth a look
FXP - A daily chart that looks very bullish for a long position in the midst of the market jitters...
ZSL Silver Ultra short - Here's a weekly chart that looks like the momentum has reversed direction for a long position...
Euro Futures (/6E) +58 ticks
Short @ 1.3720 stop @ 1.3750 Target 1.3662
Target Hit + 58 ticks = left a lot on the table - oh well
Wednesday, February 3, 2010
Tuesday, February 2, 2010
EUR/USD +64 PIPS
Long @ 1.3958 short @ 1.3885 target 70 to 80 pips
LONG @ 1.3958 stop @ 1.39 target one @ 1.3993
Target hit 1.3993 next target 1.4020
TARGET HIT +64 PIPS
Monday, February 1, 2010
Gold Futures (GC) +26 points
Long @ 1085 stop @ 1077 target one 1102
Moving stop to 1097 locking in 12 points...
Moving Stop 10 1108 locking in 23 points
Moving Stop to 1111.60 locking in +26 points new target 1127
STOPPED OUT +26 POINTS
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