I am long the November contract with a stop at 1520 and a target of 1680.
Author: s4k
Long Eurodollars
I am long the December 23 contract. Stop is at 96.825 with a target of 97.625.
Charts on the Radar
Bonds look set to stage a relief rally. I much prefer these patterns morph into a failed head and shoulder. I would rather be short than long.
The euro dollars (December 23 contract) looks cleaner and more consistent with a bottom. I will take the trade either way.
The 10-year is a possible candidate for a short.
Soybeans are making a rectangle. I will take the trade in either direction.
Soybean oil is repeating history. I may take a long side trade with a break above 81.5.
Positions Going Into Next Week
One position-Long silver.
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 |
|
SI | Long | 5/18/22 | 21.4 | 21.765 | 1.71% | |
Total Open Profit/Loss Futures | 1.71% |
Bottom Hunting in Silver
I am long with a stop at 20.40. I rarely go bottom hunting but this just looks like a bear trap to me.
Third Time A Charm
I am giving Crude one more shot on the long side. Stop is at 109 and a target of 130.
Wheat Trade
I missed the KC wheat move. My orders never got filled. I am chalking it up to a missed trade.
The next best is Chicago wheat.
I have my orders to be filled at the 1150 mark for now.
Trade Offs
I few weeks ago I went long gasoline. I got stopped out by a few ticks for a loss of $3500 per contract. Gasoline did a 180 turn and met its target today. This would have been a profit of $18K per contract.
I count on trades like this to make me profitable for the year. I could have made my stops wider. Doing this creates bigger draw downs. Something I am not comfortable with. I adjust my trading plan as dictated by what is and is not working. Every adjustment is a trade off.
Coinbase Admits You May Not Get Your Money Out
Coinbase noted:
the crypto assets we hold in custody on behalf of our customers could be subject to bankruptcy proceedings.
I do not trust any of these crypto exchanges. None of them have seen a bear market. Something tells me a lot of people are going to be upset one day. All the warning signs are there though.
Silver Break Down
Silver is having a breakdown on a massive scale. I am short with a stop at 21.615 and a target of 15.61.