Author: s4k

Soybean Meal completed a rectangle pattern on Tuesday. I missed this trade, but this is a case example of a rectangle pattern. They are by far the most reliable patterns to trade. The best trades never look back after a breakout.

I just got whipped out in less than 15 minutes for a loss. I will wait for a closing price above today’s high before trying to go long again.

I am long the Swiss Franc (March 23 contract) with a stop at 1.078 and a target of 1.117. It is about to complete a small ascending triangle.

Longer term shows it is clearing major resistance and could be interpreted as a large  double bottom.

Soybeans completed an ascending triangle. I am long the July 23 contract with a stop at 1480 and a target of 1600.

I closed out my short position for a small loss.

The 5-year looks to be set for a head and shoulder failure. I usually wait until the right shoulder is broken but I am willing to take a preemptive position. Stop is at 109’235 with a 105 target.

I blew out of the Peso trade for a small loss.

My stops for AEM and KC wheat have been moved to a break even mark.

KC wheat completed a descending triangle. I am short with a stop at 920 and a target of 805.

I am long the Mexican Peso with a stop at 0.05062 and a target of 0.056. I typically do not trade weekly patterns that are so long in duration but I am impressed how strong the Peso has been in face of a rising US dollar.