Futures-Possible Trades

A lot of trades setting up.
The Pound is looking set to complete a head and shoulder pattern. I will be looking to go long with a break above 1.25.

The Candian dollar is making a symmetrical triangle. My preference is to go short with a break below 0.73. However, if it breaks to the upside above 0.75 I will consider a long position.

The Brazilian Real is still forming its rectangle. I got snookered on the short side a few weeks back. 

I am still considering another long trade for the New Zealand Dollar after taking a loss this week.

I am still looking to short the Nikkie 225 if it breaks below 25500.

The NASDAQ chart is not looking pretty. I am looking to go short with a break  below 10500.

Wheat is forming a very small head and shoulder continuation pattern. I will be looking to go short with a break below 715 level.

Position Update

I closed the SP500 short for a small gain. I took a loss on the bitcoin trade. I am long copper with my stops jammed at today’s low. I have buy limits for platinum at 1070 with a stop at 1055 and a target of 1150. I may cancel these open orders next week depending on price action.

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
Total Open Profit/Loss Stocks
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
HG Long 1/8/23 3.9585 4.222 6.66%
Total Open Profit/Loss Futures 6.66%

Positions Going Into Weekend

STOCKS
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
AFL Long 1/6/23 73.42 73.3 -0.16%
Total Open Profit/Loss Stocks -0.16%
FUTURES
Symbol Position Date
Position
Opened
Price
Position
Opened
Week
Closing
Price
Percent
Change
ES Short 12/14/22 4052 3892.8 3.93%
MBT Short 12/16/22 16650 16840 -1.14%
Total Open Profit/Loss Futures 2.79%

Long Aflac

Aflac completed a small H&S continuation pattern. I am long with a stop at 72 and a target of 78.