Traders Helping Traders Big Weekend Edition
 

Traders Helping Traders E-zine for 3-12-2007 - Part One - Test Drive


Members with Track 'n Trade:
Download Erich's Chartbook for this week
The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.
 

Member Resources


 Question: Do you ONLY cover one or two markets??

Answer: NO!! We cover all markets in all sectors - wherever there's a good trade, we'll cover it!

This is only the TEST DRIVE Edition. Our Subscribers get the whole thing, the evening BEFORE the markets open.

For a detailed analysis of ALL the markets Erich and Tom cover along with explicit charts, entries, exits, stops, risk/reward ratio, potential profit, (and much more) please join us at http://www.supportandresistance.com/subscribe.html

HotComm class as usual on Wednesday night at 9:30 pm EST. Relay3:MarketMover. See you Wednesday night! There is a mini tutorial on this page which should help answer most of your questions about using hotComm. We try to record the webinars whenever possible for those who can't attend, so watch the Support and Resistance Forum for links to view the movies. http://www.supportandresistance.com/futures-trading-classes.html
 

Shooting the Breeze!


I'm trying a little something different with this weekend's ezine – it's a video!

I've been meaning to try this for a while and finally committed to give it a go. You always seem to learn so much from the weekly hotcomm sessions that I thought this might be a good idea. You'll have to let me know what you think. Are the segments too long, too short, do you have any problems opening them, etc?

NOTE: You need to be running Windows Media Player v9.0 or higher to view these videos.

In the meantime I'll be busy packing as the movers are scheduled to show up Wednesday. I'm going to do my best to do Wednesday and Thursday night updates; however I might not have internet access, so please bear with me. I know I won't be able to do a webinar this Wednesday, but I'm hoping that Tom will be well enough to pinch hit for me.

The stress of moving is starting to get to me though. I can feel it. There's a big push on to get the sinks and vanities installed this week, assuming the countertops show up on time. The appliance people are beginning to give me grief about delivery times, so I might be bar-b-queing breakfast, lunch and dinner for a few days. That's okay with me, but She Who Must Be Obeyed won't be so crazy about it. We also have to get an occupancy permit from the inspector before we can live there. Fun, fun, fun.

All I know is that I'll breath a sigh of relief if I'm sleeping in my own bed in our new place this time next week. Wish me luck!

Erich
erich@tradershelpingtraders.net
 

Currencies


Currencies:

To see the video clip on this week's Currencies trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/CurrencyMar10.wmv

FLAT Currency Complex

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Energies


Energies Overview

To see the video clip covering this week's Energies trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/EnergiesMar10.wmv

Mini – Natural Gas Summary

CONTINUATION of Short April mini-Natural Gas from 7.19
Exit Order: 7.39
Approximate Risk Exposure: $500 per contract
Profit Target: 6.33
Approximate Potential Profit: $2150 per contract
RRR: 4:1
Degree of Risk: Moderate

Natural Gas chart

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Financials / Indices


Financials/Indices Overview

To see the video clip covering this week's Financials and Index trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/FinancialsMar10.wmv

FLAT Financials and Indices

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Grains


Grains Overview

To see the video clip covering this week's Grains trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/GrainsMar10.wmv

Soybeans

SELL May Soybeans at 749 1/4
Exit Order: 762 1/4
Approximate Risk Exposure: $650 per contract
Profit Target: 701 1/4
Approximate Potential Profit: $2400 per contract
RRR: 3 1/2:1
Degree of Risk: HIGH

Soybean chart

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Meats


Meats Overview

To see the video clip covering this week's Meats trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/MeatsMar10.wmv

Live Cattle

CONTINUATION of Long April Live Cattle from 9857
Exit Order: 101.42
Approximate Risk Exposure: $0 per contract
Profit Target: 103.97
Approximate Potential Profit: $2160 per contract
RRR: n/a
Degree of Risk: Moderate to HIGH

Live cattle chart

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Metals


Metals Market Overview

To see the video clip covering this week's Metals trades, click the link below:
http://www.supportandresistance.com/Trade-Updates/MetalsMar10.wmv


Silver

SELL May Silver at 1279.5
Exit Order: 1311.0
Approximate Risk Exposure: $1575 per contract
Profit Target: 1181.5
Approximate Potential Profit: $4900 per contract
RRR: 3:1
Degree of Risk: HIGH

Silver Chart

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Softs


Softs Overview

To see the video clip covering this week's Softs trades, click the link below on YouTUBE.com:
http://www.youtube.com/watch?v=TG1cLaEZfqM

Cocoa

BUY May Cocoa at 1827
Exit Order: 1789
Approximate Risk Exposure: $380 per contract
Profit Target: 1947
Approximate Potential Profit: $1200 per contract
RRR: 3:1
Degree of Risk: Moderate

cocoa chart

Coffee

SELL May Coffee at 110.35
Exit Order: 112.35
Approximate Risk Exposure: $750 per contract
Profit Target: 104.35
Approximate Potential Profit: $2250 per contract
RRR: 3:1
Degree of Risk: Moderate

coffee chart

Lumber

CONTINUATION of Short March Lumber from 247.9
Exit Order: 246.7
Approximate Risk Exposure: $0 per contract
Profit Target: 232.1
Approximate Potential Profit: $1738 per contract
RRR: n/a
Degree of Risk: Moderate
Q&A/Lesson

Lumber chart

The charts in this publication are all made using Gecko's Track 'n Trade charting software. You can get a demo for free here.

Pick of the Letter


Pick #3 – SELL May Silver

It's a touch on the aggressive side trying to short silver this early; however Monday is the best time to enter a big ranging market like this as there's no overnight to deal with. Another downside is the big risk amount that's required, but big ranging markets demand bigger risk.

Pick #2 – SELL May Coffee

Coffee prices consolidated a bit after the big decline the other week. We have solid support on last week's lows and a breakout through here should see prices continue lower still. The only problem is that there is an assortment of support prices which could mess us up.

Pick #1 – BUY May Cocoa

It's a bit of a stretch but if Cocoa prices break the 1810 resistance we should see them enter a bullish trend, so I don't mind giving up a few ticks on the entry side.
 

Lesson du Jour


To see this week's Lesson du Jour on how to trail a stop loss, click the link below at YouTUBE.com:
http://www.youtube.com/watch?v=5DewTk8u1go

-Erich

Got a question that needs answering like an itch you can't scratch? Send it along to Erich@tradershelpingtraders.net and I'll be happy to try and clear things up for you.
 

Futures Trading is Risky! Never trade with money you cannot afford to lose!

Nothing in this publication is either a solicitation to trade or a recommendation of any strategy. Always consult your broker or advisor before attempting any trade. Commodity trading involves substantial risk of loss.

THE DATA CONTAINED HERE IN ARE BELIEVED TO BE RELIABLE BUT CANNOT BE GUARANTEED AS TO RELIABILITY, ACCURACY OR COMPLETENESS; AND AS SUCH ARE SUBJECT TO CHANGE WITHOUT NOTICE. TRADERS HELPING TRADERS AND IT'S ASSOCIATES WILL NOT BE RESPONSIBLE FOR ANYTHING WHICH MAY RESULT FROM RELIANCE ON THIS DATA OR THE OPINIONS EXPRESSED HEREIN.

DISCLOSURE OF RISK: THE RISK OF LOSS IN TRADING FUTURES AND OPTIONS CAN BE SUBSTANTIAL; THEREFORE, ONLY GENUINE RISK FUNDS SHOULD BE USED. FUTURES AND OPTIONS MAY NOT BE SUITABLE INVESTMENTS FOR ALL INDIVIDUALS, AND INDIVIDUALS SHOULD CAREFULLY CONSIDER THEIR FINANCIAL CONDITION IN DECIDING WHETHER TO TRADE. OPTION TRADERS SHOULD BE AWARE THAT THE EXERCISE OF A LONG OPTION WOULD RESULT IN A FUTURES POSITION.

NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO, ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM, IN SPITE OF TRADING LOSSES, ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS, IN GENERAL, OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.
 

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