The yen target has been met. I am flat.
Category: Trades
10-Year Target Met
I took profits on my short position in the 10-year. I jammed the rest of my stops at the 125 mark. The H&S failure pattern are some of the best trades to make besides the rectangle.
Long the Real
I am long the Brazilian Real with a stop at 0.196 and a target of 0.215.
Bull Market Action
US stocks last week displayed bull market action. It recaptured the neckline and broke out from a falling wedge. It looks like it wants to challenge its all time high again. I am flat but I may take a long position with a break above the right shoulder (4600).
Long the New Zealand Dollar
I am long with a stop at 0.68155 and a target of 0.72.
Positions Going Into Weekend
STOCKS | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
CINF | Long | 3/18/22 | 130 | 129.3 | -0.5% | |
DE | Long | 3/18/22 | 413.5 | 413.77 | 0.1% | |
Total Open Profit/Loss Stocks | -0.5% | |||||
FUTURES | ||||||
Symbol | Position | Date Position Opened |
Price Position Opened |
Week Closing Price |
Percent Change |
|
6J | Short | 3/11/22 | 0.0086 | 0.008411 | 1.93% | |
ZN | Short | 3/9/22 | 126.56 | 124.66 | 1.50% | |
Total Open Profit/Loss Futures | 3.4% |
Futures Trade on the Radar
The New Zealand dollar is making a H&S bottom. I will be going long if it breaks the neck line. I may go long Sunday night on open.
The Brazilian Real looks set to advance. I will go long with a break above 0.2.
The wheat markets look to have topped. I may short KC wheat with a break below 1020.
Long CINF and DE
I am long CINF with a stop at 125 and a target of 155.
I am long DE with a stop at 390 and a target of 490.
Yen-Target Reached
The Yen completed its pattern. I took profits. I have a small short position still open with a target of 0.0083.
Swiss Franc
The Swiss Franc completed a descending triangle. I am short with a stop at 1.071 and a target of 1.04. I am somewhat suspicious of this trade since it has been chopping sideways for so long. I intend to bleed risk out of this trade as quickly as possible.