Category: Trades

The continuation chart for corn is displaying a head and shoulders top. I will be looking to go short with a break below the 715 mark.

I have doubled my short position in Soybeans. This is more likely a retest than a bear trap.

A break below 880 would be a sell signal for platinum. Since I am short copper, I may pass on this trade.

Same with Silver. It flashed a sell signal. I am going to pass on this one.

Copper and Wheat stops are moved to break even point.

I am short with a stop at 1550 and a target of 1350. I will double my short position depending on closing price.

The entire grain complex looks to have peaked. I will be looking to short soybeans with a break below 1510.

I have jammed spots on the Ultra 10-Year to today’s high to lock in more profits. The bond market looks like it wants to rally. The head and shoulder failure pattern is one of the most reliable patterns.

I covered my short position and I am flat Soybean Oil.

The Canadian Dollar looks to be setting another bear trap. My stops are moved up to the 0.77785 mark. This will be the third time the Canadian Dollar stopped me out for a loss. I will not take another short side trade on this market if I get stopped out this time.

I have my sell limits sitting at 3.95 with a stop at 4.03 and a target of 3.2. I will leave orders working throughout the day and maybe tomorrow. If copper plunges tomorrow without me so be it. I will cancel my sell limits. This represents a reward of $18,750 for a risk of $2000 per contract. The reward/risk ratio is to good for me to pass it up. Copper is a choppy market and I will be quick to bleed risk from this trade.
Update: I am short.

I am short the December contract with a stop at 1040 and a target of 800.
The grains have topped.

Soybean oil completed its pattern. I took profits but still have a small short position.

I took a small profit in silver. The contract was expiring and I did not want to roll to the next month. I am flat but looking to re enter at a better price.