TBT

TARGET FOUR HIT @ 41.38
TARGET THREE HIT @ 40.56
This trade is up over 100% at this price. I bought call options for 2.33 and they are now worth 4.70


Next target @ 41.38

Gold Futures (GC) -6 points

What a reversal! Most likely short term...

STOPPED OUT! I hope some of you captured some of this. I took my dog for a walk, so I wasn't here to move my stop.

Long @ 1351.70 Stop @ 1345.70 Target one @ 1366.80
I no longer post targets and stops when I enter the trade. If you're interested in receiving info as I enter, you can email me @ jamesolivertrades@gmail.com.

RTH

Here's a nice looking potential short opportunity. I have a limit order to get short @  106.96. Hope it helps

No Sense

The equity markets make no sense for now as they plod along. I'm focusing on other instruments to take what the market wants to give me. The currencies, commodities etc, look very good for intra-day trading opportunities. Tomorrow could be a wait and see attitude as the job numbers report on Friday. The Japanese Yen looks good for a long if it pulls back to the .1220 range (white line). The USD is showing signs of a potential rally and that could push the equity markets into a small pull back. I'm waiting to see how the NASDAQ reacts, since it looks the weakest of all. Gold is definitely headed for  the1282 range and at that time I'll get long and try to capture as much of the move up to 1500 as possible. The T notes look they're getting ready to pop. Hope it helps

Long @ .1223 

TEN YEAR NOTE FUTURES (ZN)

If this is a true break of the trend line, this would push my TBT long to target three @ 40.56... Hope some of you are on the TBT long. Hope it helps

TBT position

For those of you that are with me on the TBT long position, here's a monthly chart showing how bullish it is to this point. My target three is @ 40.56. If price can break 42.83 and hold, we could have a lot of fun all the way up to 50.91.... Hope it helps

GBP/USD

Bull Flag

I saw this pattern three days ago and forgot to post it. The reason I'm posting it now is strictly for the doubters that say technical trading on pattern recognition only isn't possible. I've posted pattern after pattern for months and months, so if you don't believe by now you never will. I hope my passion helps some of you to build your confidence to trade as you fight to defeat the BEAST! Hope it helps

I'm so simple.....