Wednesday, December 22, 2010

British Pound Futures


Since I missed this I'm waiting for a retracement to 1.56 area for a short entry with a target @ 1.5212... Hope it helps

CLP Monthly

Normally I don't buy stocks. For those of you that do buy stocks this one is worth looking at. Once the price breaks 19.96, should go to 25 fairly quick and if can stay above 25 next target should be 30... Hope it helps...

Target one hit @ 20.46

Sunday, December 19, 2010

Aussie dollar

What a nice pattern. Looks like it's ready to pop one way or the other. I believe price will test the up side and break the down trendline which will be the second down trend line to break. That makes for a very powerful move to test the previous high@1.0137... If you don't trade futures you can take advantage of this move with FXA (ETF)...Hope it helps

Thursday, December 16, 2010

QQQQ

Long @ 54.38 Target 1 @ 54.78 Stop @ 54.25...

I moved my stop to my entry price. This trade is now a no risk trade except for the commissions...
Hope it helps

Monday, December 13, 2010

Aussie Dollar (futures)

If price can break the trendline this trade should be good for over 200 ticks. Very profitable. If you don't trade futures look at ETF (FXA). Hope it helps

Sunday, December 12, 2010

TBT Bond ETF

This setup has the potential for a very profitable trade. The price will pop out like a new born baby and when it happens the price will explode. This should be a buy and hold trade for a long period of time due to the strength of the pattern.... Hope it helps Alerts will go out shortly

USO Oil ETF Monthly Chart



As I have been gone since September 29 for the purpose of taking care of legal matters resulting from a 31 year marriage. I am very happy to say that I'm back in my trading room for the first time in months. My first scan produced this great looking pattern. The longer the price stays in this wedge the more powerful the move will be on the breakout. I will enter this trade shortly and send out buy alerts and targets to all that are on my alert list. I hope some of you missed me. This trade should be very profitable... Hope it helps