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%

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.