Category: Trades

The Japanese Yen broke out. Put stop at 0.92

Looks like it is targeting 1.0000.
The reason I like this trade is the third try it broke out. In my experience, these chart formations tend to move right to there target.

Natural Gas has entered into the bottom of the buy zone. Go long.

Why I like this trade.
1- Two touches at the bottom and the third touch at top it busted through forcefully.
2- It is going with the trend.
3- It closed out at a high it hasn’t seen in over 2 years.
4- Markets are correcting. People consider the Swiss Franc as a safe haven in times of panics.
Place your stop at 1.05. It looks like the target is 1.15.

Leans Hogs looks like it wants to make a massive head and shoulders bottom. We wont go long unless it breaks the trend line.

More damage. Hold your short positions. This one has more downside.

If you have not moved your stops what are you waiting for?

If you ever been to a rodeo you know a bull hates riders. Same with investing. Far to many people have gotten bullish on oil. The”dumb” money has built up the largest net long position on record.

At the very least it’s time for oil to take a rest. The oil target was $68. It is time to take more profits. Move your stops up further at the very least.

If you shorted bitcoin as indicated here, than you are sitting on some nice profits. Now is the time to lock in those profits. Looking at the chart we see a bear flag formation. This market does not look pretty.

Natural gas update.
As predicated, natural gas did not go to zero.

It is approaching major resistance though. This is the time you take some profits. Valentines day is coming up. Get your spouse something nice with this hard earned money.

Update on the USD trade. Take some profits. Move the rest of your stops up to lock in a profit. If you have only one open position the trade has completed.
Looking at the long term chart the dollar just made a weekly closing not seen in almost 3 years.

Not much technical support until 85. The USD is looking weak at the moment.

In regards to the following crude oil trade, it is time to lock in a little profit. At least move your stop to a break even point. Don’t let open profits turn to a loss.