Category: Trades

Potential Trades

Platinum has been in a broad trading range since late 2016. I will be looking to take a trade if it breaks out in either direction.

From a fundamental perspective, I believe it will bounce off the bottom of the rectangle.
Sugar has long term support at 10 cents. I will be looking to go long as it approaches 10 cents. Although this would be a violation of plan since it has not formed any pattern, I think sugar at 10 cents is absurdly cheap. I will not be able to resist.

NG and JPY

Natural Gas position has been closed at a profit.
The Japanese Yen position has been closed. The trade failed to materialize.

New Zealand Dollar Trade

The New Zealand dollar is very close to breaking major support. I will be looking to trade this if it breaks down. I will also take the trade on the long side if it breaks resistance at .74 on the upside. Just waiting for a break in either direction.

Is the Nasdaq Putting in a H&S Top?

Although from a fundamental perspective I believe stocks are going higher, I do not let it impact my trading plan in the futures market.
Presented below is a possible H&S top forming in the Nasdaq.

H&S tops and bottoms are one of the most reliable trades in my experience. Even more reliable is the failed H&S pattern. A failed H&S top would be if the Nasdaq touches the 6400 level and turns back from it and takes out the right shoulder. Failed H&S tops and bottoms are the most profitable trades.

Feed Cattle Stopped Out

The Feeder Cattle position got stopped out. The market retested the resistance but happen to touch my stop. My only regret on this trade was not moving my stop to 135. I like to break even when the trade moves 25% in my direction. It went 50% of the way there and I did not move my stop.