Pro Tips

A.M. Look 2/25/11

Posted on 02/25/2011

1314-16 in the Spu matching 43800 (H) Copper is the first Fib match area. Today’s trade will once again be dictated by the oil. As evidenced yesterday, the big macro levels are the only low risk places to play in … Continue reading →

USD/JPY…YCS…YEN

Posted on 02/24/2011

We’re going to add to Long USD/JPY… short Yen “Long YCS” position @ the market. We’re putting on another 20%.

SPU…SDS

Posted on 02/24/2011

Time to close out these shorts. You can wait for the close to see if the nasd closes over 2310 or just avoid the pain and take your money.

Rice…Follow up

Posted on 02/24/2011

By holding 13.11 we are looking for price action above 13.50 to lead to an attempt on the first resistance area of 13.92-14.03. This could take a couple of days. Those of you who played should look to pay for your … Continue reading →

Grain Traders

Posted on 02/24/2011

Rice has just printed the 200 day mvg. avg. while cleaning out all the long term stops under 13.33. This is a mandatory hold area in the Rice. Wheat is holding it’s downside price tgt of 7.40 area after another … Continue reading →

Gold

Posted on 02/24/2011

I am a little early on this and yes! I have no stones!!! We are selling a small position in the Gold with a stop over today’s high in April. We are using a 1420 stop intra day. Looking at … Continue reading →

OIL..Big Picture

Posted on 02/24/2011

April Crude…94.16 and 96.16 is now the big macro levels to watch on the downside for support. 94.16 is the first major fib match for this swing. There is little good trade location for Bulls to sink their teeth into. Trade … Continue reading →

A.M. Look 2/24/11

Posted on 02/24/2011

We will use a break even buy stop on our short Spu @ 1316. We will be looking to add to this position with a Spu close below 1295. SDS traders, use the futures as your price triggers. OIL…I would expect … Continue reading →

Euro Bears

Posted on 02/23/2011

This is the spot to give it a shot on the short side with a 25 point stop intra day, however I would only try it with 25% of your usual position mainly due to the time of the day and it … Continue reading →

A.M. Look 2/23/11

Posted on 02/23/2011

Euro…137.45 is the last high we broke from. This level will now act as an upside pivot for a possible another 100 points. Eur/Jpy is still the firm cross with short term tgt’s another 4 figures up. For those tgt’s to be … Continue reading →