Category: Trades

The 10-Year looks to be making a failed head and shoulder pattern. Next to the rectangle, this is one of my favorite patterns to trade. I will be looking to short this market with a break below 117.

I measure from the neckline of the H&S pattern to the head. I than project that distance downward.  My stops are usually placed at the high of the last day. I am fanatical about bleeding risk from my trades. My stops have already been moved down to 3.3605 for heating oil to cut my risk in half.

My recent short in wheat was a perfect example of a competed H&S top pattern.

The 20% of my trades that are profitable go right to their target. They do not linger around the breakout point. Once wheat broke down, it never looked back. It was at its target in a few trading days.

In contrast, I was stopped out of the 30-year for a very small gain this week. Pretty much a break even trade. Notice after the breakout from the H&S bottom, it just hangs around and keeps testing the neckline. In cases like this, I will jam my stops to breakeven or even exit before the weekend starts.

I am short with a stop at 3.4 and a target of 2.4. The energy markets look to have topped.

I am short the October contract with a stop at 95.55 and a target of 60. On the continuation chart, crude looks to have put in a rectangle top.

The energy markets (excluding natural gas) looked to have topped. I will be looking to go short WTI crude or heating oil on the breakdown.

Gas put in a head and shoulder top a few weeks back. I passed on the trade. I would have been up big.

Stops are at break even for Euro dollars and 30-Year.

I was stopped out of Soybean meal for a small loss.

All of my stops have been moved up slightly.

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
GEM26	Long	7/22/22	97.305		97.54	0.24%
ZB	Long	7/26/22	143		143.63	0.44%
ZMZ22	Long	7/27/22	416.9		419.4	0.60%
	Total Open Profit/Loss Futures					1.3%

Heating oil is about to complete a failed H&S pattern. I am long with a stop at 3.63 and a target of 4.3.
Update: Already stopped out. I should have waiting for confirmation of the breakout. Lesson to be relearned.

I am long the December contract. Stop is at 405.9 with a target of 460.
I decided to interpret the December contract as a channel breakout.

Soybean meal broke out today. I have buy limits at 425 with a stop at 416 and a target of 455.