Tag Archives: Technical Trading
OIL…XLE…Trade Alert
We’re placing an open order GTC ( good till canceled) to buy the Oil Futures the first time down into 102.20-50. The risk is about a dollar. This is a very manageable area off the last big swing. We’re not … Continue reading
Trade Alert Spu’s!!!
Pay for your stops in the Spu’s!!!! This means buying in 20-25% of your shorts to pay for your stop by locking in some profits…
Gold & Silver….Spu’s
The Lemmings are in full flight! The stops under the 200 day in the Gold have just been run. The low 1660’s are next followed by 1645 ish Silver 32.85 ish is the 50 day. The Ultimate out for shorts … Continue reading
Euro…
Anywhere in the high 131’s is a good place to lighten up. A close today under 131.45 puts in a reversal week to the downside. 130.50 is as much as we’re looking for on this swing down.
Grain Stops…Pattern Alert
We’ve got some descent gains in this sector we want to protect… We’re raising our JJG stop to “46 Stop Close”. AUD/USD…a close today under 107.30 AUD/USD (107.05 H Futures) is needed for an ORL day. This would be a … Continue reading
Time Frame Trading…Trade Alert!!
We’ve just seen massive pukes across a lot of asset classes to major Support zones.. The Euro, by remaining under 133.90, looks like the most vulnerable instrument.. We need confirmation late in the day below 1364 in the Spu’s, however … Continue reading
Pattern Alert…Euro…Spu’s
EURO….a close below 133.89 puts in an ORL daily pattern SPU’s..a close below 1364.80 SPH puts in an ORL daily Pattern Gold just hit near term support @ 1720
Midday Missive….Grains…Bonds/TLT…Silver
Futures traders can buy any weakness in the Wheat or Corn against today’s low. THESE ORDERS ARE TRADER’S DISCRETION “DRT” 30 yr. Bonds…a close below 143.01 is needed for an ORL day. The better chart to watch is the TLT. … Continue reading
Pattern Alert…Yen & Yen Crosses
ORH & ORL Daily Patterns… Yen (H) Futures would need a close over 125.12 USD/JPY….a close under 79.90… ORL EUR/JPY…106.81 …with the 200 day @ 107.11 ORL AUD/JPY….85.64…ORL CAD/JPY…80.09….ORL These are price negative patterns!