BIDU Setup posted @ http://ping.fm/WXnoC

BIDU

Back in play as prices tests top of the channel which has become support... Hope it helps

GS posted @ http://ping.fm/79H6E

GS

Another bullish pattern if the price can close above the top of the flag (yellow line). Hope it helps

Nat Gas setup posted @ http://ping.fm/7DSQY

Nat Gas

Heres a nice pattern. Price broke above the channel and held. I will wait for a pullback to enter a long position... If you don't trade futures you can trade UNG the etf that mirrors the futures... Hope it helps

Beige Book

Looks like he market is hanging out drinking stout waiting for the beige book 2pm EST...

Gold

Gold is in a nice channel, I'm watching this very closely. If and when it breaks out it should test 1218.80. The question is will it break up or break down? Hope it helps

QUOTE FOR THE DAY

TRY EASIER - Traders are always looking for the holy grail, the indicator and on and on!!! The holy grail lives between our ears...

BIDU

Just what I've been waiting for... This is very close to getting short (if day closes correctly)... look at the pattern... Hope it helps

Now that the price has broken out of the channel it has been in for so long it's no longer a short setup...

THE POWER OF NEWS (EARNINGS)

This week - Great Trading

With all the reports and earnings being reported this week - this should be a great week for trading... I'm ready!! Good night...

QQQQ

Nice cup and handle on the 1 Hour chart. Price should break through 45.81 and test 46.21... Hope it helps

SP Futures

What is there to say? Nada! When the price action tests the trend line again, I will add to my puts on the S&P... A gap up at the open tomorrow would be a nice gift... Hope it helps

Thank you BEN!!!!

EGO

Waiting for confirmation to get long

QQQQ -19

LONG @ 45.13 STOP @ 44.74 TARGET ONE @ 45.81

Moving my stop to 44.94 - pattern has changed. I think because Bernanke is speaking shortly - I wish he would go on a toupee shopping spree - I'll pay for it!!!

STOPPED OUT -.19 TICKS

Nat Gas Setup

Here's the setup I used to enter NAT GAS futures (7-15). As soon as I saw
the low doji (blue line pointing) I placed my buy stop order one penny above
the high of the doji. This was a very low risk trade with my stop order @ 4.25.
The volume exploded and the rest is KA-ching!!! This was a buy stop order
I placed at the same time (exact time) it exploded to the upside. Because
I'm looking at so many monitors, time frames and markets at the same time, I
don't always have time to post why I'm entering a trade. It amazes me how people are still complaining about what what I share either before or as I enter a position
ie I didn't post when I got stopped, I didn't explain, I didn't post the stop
or the target, I was late posting etc. I do what I do because I love to help
people learn how to be successful in their own right. I want people to understand that if I can do it, ANYBODY can do it.

I'm not selling anything. I don't ask for anything. I just LOVE WHAT I
DO! I have fun with it, I make money with it, and I want to help people understand that you don't have to be a financial wizard with a long string of degrees to be a success. Look at what I've accomplished: I'm not from the financial arena, I'm self taught, and I make money AND have fun with what I do. Anybody that wants to invest the time can learn how to do what I do. Just takes the application of some time, some attention and some common sense.

Grains and GS

I'm also watching the grains waiting for a pullback on soy futures to 975. Corn and wheat also look good and waiting for a pullback. Also watching Golden Slachs (GS) for a short positon. I would post charts but I' m worn out- going bed... Hope it helps

SLV (ETF)

Now that the price has landed on the 200 ma and the fact that it gapped down to get there, I will add to my position once I get a break above the the high @ 7.57 and my stop will be @ 7.30... Hope it helps

FXY

On July 12th I posted to go long on the Yen futures. On the same post I included the FXY (Yen etf). I hope some of you took advantage of this trade. On Friday the FXY got within .20 of the target...

Nat Gas Futures

I entered this trade on 7-16. I'm still in this position because of the pattern I see on the daily chart. The price should test the top of the channel. Remember news trumps all technicals and fundamentals... Hope it helps

SPX

Anyone that doesn't believe in technical analysis - take a look at this chart. The price touched the trend line and retreated. This is bearish, but at the same time you have to be cautious because we are range bound and this is dead center of the range. This can cut you up like you're a piece of watermelon... Hope it helps

USD/CAD + 113 PIPS

Target one hit moving stop to 1.0484 next target @ 1.0675

STOPPED AT 1.0484 + 113 PIPS

Yen Futures +201

Yen hit @ 11.514 Target moving stop to 11.54 let's see if we can get to 11.794

STOPPED OUT + 201 ticks

Setups

Seems that I need to make one thing clear about my setups. When I post a setup on my blog, it's only good for the day. I will set price alerts so I can watch the price action. A good example is the USD/CAD. I posted it yesterday and it didn't materialize until this morning after the open @ 7:02 pst... So, just to be clear my orders are only for the day... I was late posting my trades because there was so much going on... Hope it helps

Gold

If GOLD can break 1218.80 we should see a nice pop...

FINREG

Could force banks to drop 10 million customers

Nat Gas

That was UNBELIEVABLE!! I had just put my order in and as I hit the send order this EXPLODED!!!! THE QUESTION NOW - CAN THE PRICE BREAK THROUGH THE 50 MA (DAILY) @ 4.558???

Nat Gas +20 ticks

Long @ 4.31 stop @ 4.25

Moving stop to 4.51 locking in +20 ticks - YES

Stopped Out + 20 ticks

VIX

On June 2oth the VIX bounced off the 200 ma and then rallied. Could this be a repeat?

Free buy/sell alerts

I send free buy/sell alerts to traders all over the world. Anyone that wants to be added to my group of buy/sell alerts just email your address to jamesolivertrades@gmail.com...

QQQQ -33 ticks

Long @ 45.62 stop @ 45.28 target one @ 46 target two @ 45.29

STOPPED OUT @ 45.29 - 33 ticks

USD/CAD

Long @ 1.0371 stop @ 1.0295 target 1.0454

Target one hit moving stop to 1.0484 next target @ 1.0675

Grains

I said earlier today that I would post my thoughts about the grains (soy,corn and wheat). all three are very bullish, but I will wait for an entry point. Soy should pull back to 954, corn is very close for a long position. Wheat needs to pullback as well... Hope it helps

USD

The USD is in a nice channel. If the price can hold here @ the 100 ma we should get a nice bounce to the top of the channel...If price breaks below 83.83 the price could touch the bottom side of the channel... Hope it helps

Grains

Soy, wheat and corn are setting up for a very nice trade. I will post about these tonight. Off to the gym...

UUP (ETF)

Now that the USD has made a nice pullback and the EUR is showing signs of weakness, this (UUP) could be setting up for a nice long swing trade with very low risk (my favorite). If you're aggressive you could enter now. If conservative you wait until it breaks above 24.64 with a stop at 24.26. The target would be 25.84. Hope it helps...

Yen Futures

The Yen looks good for a swing trade. Normally I don't swing trade the currencies. This weekly chart looks very good for a long position with a target @ 11.514. for those that don't trade futures, you can buy the FXY etf....Hope it helps

TBT Calls -41 TICKS

Long @ 36.8 stop @ 36.39 with target one @ 38.23 next target @ 39.98

STOPPED OUT @ 36.39 - 41 TICKS

Free buy/sell alerts

I send free buy/sell alerts to traders all over the world. Anyone that wants to be added to my group of buy/sell alerts just email your address to jimolie@gmail.com...

Pivotal point

Now that the S&P touched 1010 and broke 1040, this is a pivotal point.... I will watch this very close and wait for a signal of which way to enter... Hope it helps

Tuesday's open could prove to be a pivotal day... jamesolivertrades.blogspot.com

Tuesday's Open

Tuesday could prove to be a pivotal day for the market. It should be a very interesting day!!!