E-zine and Paper
Trades for the week 11-13-2005 - Part One |
In This Issue- Part One
1. Member Links
2. Shootin' the Breeze
3. The Markets
4. Pick of
the Letter
5. Lesson du Jour
6. Score Card
7. Homework
8. The Legal Stuff |
In This Issue- Part Two
1. Opening Comments
2. New Trades
3. Tom's Education Page
4. Asher's Daily Trading
ranges
5. The Commercial Stuff |
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 Links |
Member Log-In:
http://www.supportandresistance.com/THT/members/toc.html
You will find a link to the Daily Updates in the Table of Contents.
NOTE: If you bookmark this page you will be able to access the ezine each
week on the site before the mails go out. You will need your username and
password to do so.
HotComm class as usual on Wednesday night at 9pm 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. Jeff S. is recording the webinars whenever possible for
those who can't attend, so watch the
Support and Resistance Forum for links to view the movies. Grateful
thanks to Jeff S.!
http://www.supportandresistance.com/futures-trading-classes.html
|
Shooting the Breeze! |
It's hard to believe that it's only a week before we leave for Mexico and
two week's until our daughter's wedding. I'm starting to get excited about
the trip too and it shows. I'm walking around the house with a silly grin on
my face that is driving my wife crazy. I've always looked forward to going,
but now I'm starting to get real excited! It seems like it's been an awfully
long time since I walked a sandy beach, and with the weather at home
becoming more and more winter like, this "vacation" is coming none too soon
for me.
I've never been to the Mexican Riviera so it will be fun to explore the
towns and tourist traps; however what I'm really looking forward to is the
food! I love everything about Mexican food (even the stuff I don't pronounce
very well), and the resort we're staying at has five different restaurants
and bars...and I'm determined to become very familiar with all of them. You
just can't seem to get decent huevos rancheros in Canada...like that should
surprise anyone.
I'm going to be taking my laptop with me, but I'm not sure how much I'll be
able to stay in touch. I'm going to try to produce one more ezine (for next
weekend) before I go and maybe even get a few nightly updates done; however
in the event that I'm cut off from the rest of the internet world I just
want you to know that we will EXTEND your subscription the time that I'm
away.
Of course Tom will continue to produce his materials, but I want to make
sure you get your money's worth every month and just wanted to make you
aware of that.
While I have you this would also be a good time to mention that there will
be no webinar for November 30th as Tom has a function he has to attend and I
won't be returning until December 4th.
Enjoy this week’s issue,
Erich
erich@tradershelpingtraders.net
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Currencies
|
Currencies Market Overview
The EuroFX came through for us in a big way last week as the market found
our first profit target before falling off again. My only regret in this
market is that I might have waited too long before re-establishing another
short position. Hopefully the market won't run away too far before giving us
another chance to sell it.
The currency complex continues to look promising this week after a bit of a
choppy week last week. The best thing about the currencies is their ability
to trend for long periods of time. Many of the currency markets look to be
gaining momentum in their trends, and as such offer us some of the better
trading opportunities this week.
I got my schedule a little screwed up with the Veteran's Day holiday and
thought the currencies were trading on Friday, they were not, so some of the
trades that we initially planned for Friday will be run on Monday instead.
Australian Dollar
The Aussie spent most of last week in consolidation as rates rebounded from
the previous week's decline. By the end of the week however we saw the
market confirm resistance when Friday's session traded lower. While Friday
traded slightly lower than the rest of the week, it is still in the 7290 –
7300 support area which is our trigger for this week.
There's nothing fancy about this particular trade, it is a simple breakout
trade through the support at 7300. Notice that the support varies from 7285
to 7296, but all this is essentially a reaction to the support at 7300, so
we will plan our trade to enter and exit on either side of the 7300 line.
I will do this occasionally in a market that is exhibiting a strong line of
support (resistance); however it doesn't have a hold lot of other resistance
nearby to bring into the trade to use as alternate entries or for stop
placement. The key to this type of trade is to not frame it too tight and to
give the market ample room on either side of the resistance.
In the Aussie's case I'm allowing about an extra 10 ticks in either
direction. Hopefully this will be enough to keep us on the right side of the
market without leaving too much money at risk. First profit target is the
support at 7150 which is a long term target, but be wary of possible support
at 7200 on the way down.
SELL December Australian Dollar at 7277
Stop 7311
Approximate Risk Exposure: $340 per contract
Profit Target: 7157
Approximate Profit Potential: $1200 per contract
RRR: 3 1/2:1
Degree of Risk: Moderate to HIGH
The charts in this publication
are all made using Gecko's Track 'n Trade charting software. You can get a
demo for free
here.
Japanese Yen
The Japanese Yen is actually giving us a very similar setup as what we just
saw in the Aussie Dollar. Here too the market rebounded slightly last week
only to fall back to support at 8500 before the weekend, thereby confirming
resistance. This also brings us to a situation where a breakout through
support should send the market lower to the next support level. The Yen,
like the Aussie, is also building strength in the trend which is what we
like to see in market's we're trading.
Like the Aussie the resistance around the 8500 support line is too far away
to bring into the sell equation; therefore we will need to play the 8500
solo and place our entries and exits on either side of the resistance. Again
I'm placing entry and exit about an extra 10 ticks away from the 8500. In
the case of the entry I'm actually placing the sell order 10 ticks lower
than the lowest low of the 8500 support zone. Hopefully it will be far
enough away to keep us out of a bad trade and/or whipsaw.
First profit target is weekly support at 8350 which would be followed by
support at 8300 – 8230. We're getting to some pretty significant support
areas however, and a bounce might be likely.
SELL December Japanese Yen at 8477
Exit Order: 8507
Approximate Risk Exposure: $375 per contract
Profit Target: 8357
Approximate Profit Potential: $1500 per contract
RRR: 4:1
Degree of Risk: Moderate to HIGH
Mexican Peso
The Mexican Peso is showing increasing strength to the upside as the market
broke through the top of the trading range last week. After initially
stalling at the resistance at 93000 we bought the market long last Thursday
when rates broke above the resistance. We gave the market a little extra
room before placing the buy order, so the added momentum and high close are
encouraging for our long positions.
There isn't too much that we can do with the exit stops at the moment
however. The last session closed too close to our entry to make tightening
the stop feasible; therefore you'll probably have to leave the stop where it
is for one more session, after which we will hopefully be able to adjust it
at least to breakeven.
The first profit target is weekly resistance at 94600 (adjusted); however
I'm pushing the envelope a bit and trying to trade the Peso to the next
resistance line at 95000. If the trend continues to build strength it should
be a reasonable target for the market to achieve.
Continuation of Long December Mexican Peso from 93.125
Exit Order: 92.675
Approximate Risk Exposure: $225 per contract
Profit Target: 94.925
Approximate Potential Profit: $900 per contract
RRR: 4:1
Degree of Risk: Moderate to HIGH
The charts in this publication
are all made using Gecko's Track 'n Trade charting software. You can get a
demo for free
here.
Swiss Franc
The Swiss Franc mirrored the EuroFX last week; however the numbers weren't
quite as "crisp" so we only trade one of the markets. This week the Swissy
is the market which is looking a little more tradable, at least in respect
to keeping the risk to a reasonable level.
I'm actually taking some information from the EC market to influence my
decision about trading the Swiss. The EC's trend looks to be stronger than
the Swiss, but knowing that the two markets move in sync (almost 100%) I'll
borrow this for my Swiss trade. You'll also notice that the December EC
broke support last week, whereas the Swiss Franc did not. This might be a
"tip off" from one market as to what is likely to happen in another. It's
not foolproof, but it does require some consideration.
The only problem with the SF's trade is the market's proximity to the 7600
line. 7600 has the potential to act as support, especially when you consider
this level in the light of the long term charts as well. Therefore I'll look
to enter the market on the other side of 7600 and cover the trade at the
messy support from last week around 7626.
First profit target is the weekly support at 7400, but remember that with
the currencies we could see support at 50 point intervals, so there could be
support at 7550, 7500 and 7450 before we finally reach our target. This is
why it's important to find a market with a reasonably strong trend to trade.
SELL December Swiss Franc at 7597
Exit Order: 7631
Approximate Risk Exposure: $425 per contract
Profit Target: 7411
Approximate Potential Profit: $2325 per contract
RRR: 5:1
Degree of Risk: Moderate to HIGH
The charts in this publication
are all made using Gecko's Track 'n Trade charting software. You can get a
demo for free
here.
US Dollar Index
As you probably guessed, with all these currency trades there would likely
be a trade in the USD as it is the driving force behind many of these
markets. Foreign currencies have an inverse relationship with the US Dollar
and will react in response to what is happening with it. Since many of the
foreign currencies closely linked with the USD look to be in a position to
fall off this week, the Greenback is looking pretty strong and would be a
buy above nearby resistance.
The resistance at 9200 was reinforced by the end of the week. This is our
trigger resistance line which we will use to buy the market long this week.
Because of the huge ranges which the currencies are capable of, we will give
the USD a little extra room before placing the buy order. I'm holding off
buying until we see 9217, which should be far enough away to avoid a bad
fill. My exit stops are going on the other side of 9200, which is now acting
as support, at 9183. This will have $340 at risk – not bad for this market.
First profit target is weekly resistance at 9350, which, admittedly, is a
bit of a reach. There is resistance at 9250 which could bring a quick end to
our rally, but I'm hoping to get the trade to breakeven before then. The
trend is building, so if the trend continues, the nearby resistance will
have to give way to allow the market higher.
BUY December US Dollar Index at 9217
Exit Order: 9183
Approximate Risk Exposure: $340 per contract
Profit Target: 9347
Approximate Profit Potential: $1300 per contract
RRR: 3 1/2:1
Degree of Risk: Moderate to HIGH
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 Market Overview
The Energy markets were particularly generous last week, especially unleaded
gas which found our profit target before the weekend. Whether you took
profit early at 155 or held out for the 154 support, you would have been
able to put a big chunk of change into your account as a result. Since 154
is a significant looking support area on the January Gas chart we might see
prices bounce a little this week before trying to fall off again. RSI is
nearing a testpoint which should give us our next selling signal.
The pending RSI test is the primary reason I've been holding off selling
heating oil. While I did try to catch an early move last week, that didn't
work out too well, the market is clearly showing us support at 178.50. The
support levels combined with the low closing prices are almost too much to
pass up this week. If I do take another heating oil trade it will be well
short of current support however, in an attempt to avoid another whipsaw.
Crude fell off last week unfortunately prices gapped our entry putting us on
the sidelines for this market. Crude has a tendency to fall for about three
sessions before finding support and recovering a bit. If this pattern holds
this week we won't have too long to wait before finding another place to
sell from.
Heating Oil
Heating oil gave us a pretty nice looking line of support at 178.50 to close
out last week. There is nearby resistance at 179.70 – 178.00 that I thought
about using for exit stops on a 178.50 entry; however given that RSI looks
like it still has a way to go before giving us our testpoint, I thought it
would be better to short the 178 line and use 178.50's resistance to cover
the trade.
Even with a break of 178 I'll probably reserve my sell order until we see
price trade at 177.85. I might be a little overly cautious, but these ranges
are well within heating oil's daily grasp, so a whipsaw is a constant
possibility. Covering the trade on the other side of 178.50 I would also try
to allow a few extra ticks and try to place the exit order as far away as
possible. Oddly enough there isn't any resistance at 179, most of it seems
to occur in the high 178's; therefore I'll use 178.75 as my exit order.
First profit target is the "neckline" of a smallish rounded top formation
which would form if prices continue lower to the 172.50 line. I will plan to
take profit at 172.65 which should put a little over $2100 in profit into
our account, if all goes well.
SELL January Heating Oil at 177.85
Exit Order: 178.75
Approximate Risk Exposure: $420 per contract
Profit Target: 172.65
Approximate Potential Profit: $2142 per contract
RRR: 5:1
Degree of Risk: HIGH
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 Market Overview
The Financial markets were pretty flat last week as the Eurodollar spent
most of its time consolidating its ranges into a bit of a channel formation.
That's not at all unusual for the ED as this market likes to gather itself a
bit after making a sustained move in one direction (or another). This pause
in the trend is just what we needed to put on another sell position this
week.
The Indices went wild last week, rallying right into the weekend.
Unfortunately we got stopped out of our long Dow trade just before the
market took off, but the market was looking very indecisive, so I'm not too
disappointed that we walked off with a profit. The rest of the indices will
have to wait however until we see some resistance before we consider trading
them again. Trying to enter them when they are moving so quickly (and
unpredictably) is just too difficult. The good news is that the trends seem
to be getting stronger and as such we might expect to be in a buying
position for some time.
Eurodollar
The Eurodollar is giving us a couple of options to trade it this week. The
first option is to continue to look to sell below the 9501 low. The
advantage of this is that we would make the market break the 9500 support
before getting into the trade. A more aggressive posture is to sell the
market below the support that has formed at 9503 – 9504 instead. While this
does make the trade a little more risky, and earlier entry would allow us to
adjust our stops sooner if the trade when in our favour.
If we sold a break of 9503 I would consider covering the trade if rates
traded above the intermediate resistance at 9510. This would have a little
over $200 in risk per contract. The first profit target remains the longer
term support at 9450; however I do anticipate a reaction as rates approach
the 9475 support zone as well, so you'll want to be ready for that. The good
news is that the ED normally trends extremely well, so if you ever
considered trailing a stop, this would be the market to do it in.
SELL September Eurodollar at 95.025
Exit Order: 95.110
Approximate Risk Exposure: $212 per contract
Profit Target: 94.535
Approximate Potential Profit: $1225 per contract
RRR: 5 1/2:1
Degree of Risk: Moderate
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 Market Overview
The grain markets continue to be pretty lacklustre for the most part. This
is primarily due to the weak trends in many of the grains right now. In fact
out of the whole complex only four markets are exhibiting any kind of trend
at all while the others are merely chopping about. As you know it is much
more difficult to trade a choppy market which is why we try to avoid them as
much as possible.
Corn continues to struggle with long term support, and by the end of last
week prices took a bit of a bullish turn. I don't know if this will last,
and it might be a touch early, but I know a lot of traders are looking for a
reason, any reason, to buy corn higher. Oats are still lost as the market
struggles between support at 158 and resistance at 169. Until we see the
market move to either side of those resistance barriers there probably isn't
too much to trade there. Rice was looking stronger on the last rally;
however since the market fell back to the 750 support it has been slow to
recover. The same is true for bean oil which is alternating bullish days and
bearish ones.
By comparison, wheat, soybeans and soy meal are the only grain markets
showing us any strength of trend. We caught the bean trade last Friday and
wheat is a good setup for this week; however soy meal slipped past us so we
need to wait for another chance to buy this market.
Soybeans
Soybeans gave us a beautiful fill last week as prices easily broke the 592
resistance. In fact the session was almost too good because it didn't give
us a lot of intraday resistance to use as support to protect our position.
Adjusting your exit stops in this trade will be difficult because the market
seems to making some significant gains to the upside, and it looks as though
it could be a substantial move; however beans are temperamental and could
give us a big bounce stopping us out with little or no profit at all.
At the very least you will want to bring your trade to breakeven for Monday.
If you're goal is to ride beans as far as you can, then this should be your
stop placement. If you are trying to give beans a little elbow room but
wanting to protect a little profit as well, then you might consider the 595
intraday and daily resistance area to put your stops below. There is more
intraday resistance at 599; however this might be pressing the trade a
little too tight – unless your objective is to protect as much accumulated
profit as possible.
The first profit target continues to be resistance at 610, as that is the
line in the sand for the bears to recover the market from. If prices
continue above here, and I think they will, then the next resistance, and
more likely target, is the resistance at 620. Note that this resistance
level is also near the 38% retracement line, and a likely area for a bounce.
Continuation of Long January Soybeans from 592 3/4
Exit Order: breakeven (or tighter)
Approximate Risk Exposure: $0
Profit Target: 610 3/4 (followed by 619 3/4)
Approximate Potential Profit: $900 per contract
RRR: n/a
Degree of Risk: Moderate
The charts in this publication
are all made using Gecko's Track 'n Trade charting software. You can get a
demo for free
here.
Wheat
Even though wheat spent most of last week going sideways, the market is
still in a strong downtrend. While the rally going on in some of the other
grains might spill over into the wheat market, for the time being I will
continue to look at selling the market short. If we do see wheat rally I'm
confident that the resistance at 318 will hold prices back long enough for
us to take a position.
In the meantime however, a break below the low at 310 support deserves to be
sold. Given the choppy nature of the markets lately I'll look to sell the
308 ¾ low from the week before. In fact I'll give the market a full cent
before placing the sell order and will use the 310 resistance to cover the
trade. The first profit target is the long term support in the 297 – 298
region for a potential profit of just under $500 per contract. Wheat does
have some room to move down here, but if the other grain markets begin
trading higher it will be difficult for wheat to move lower on its own.
SELL December Wheat at 307 3/4
Exit Order: 310 3/4
Approximate Risk Exposure: $150 per contract
Profit Target: 298 1/4
Approximate Potential Profit: $475 per contract
RRR: 3:1
Degree of Risk: Moderate
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 Market Overview
The Cattle markets finally seem to have put in a high as both Feeders and
Live Cattle fell sharply last Friday. Go figure that after all this time
looking for these markets to put in a top I finally decide to buy them long,
and that's when they stall out. Isn't that always the way?
I'm not going to be too hasty to sell either market however. While I think
we might be seeing a top in both Feeders and Live Cattle are likely to give
us a bit of a recovery to Friday's decline before continuing lower. This
show if new support will help us define exactly where we want to sell the
market from.
Hogs had a wishy-washy week last week as prices consolidated a bit after the
previous week's rally. Technically we are still in an uptrend, and we should
be looking to buy the market higher; however the resistance at 6450 is
substantial and continues to hold the market down. If we see a higher
session which brings us back to the 6450 neighbourhood, then I'll look at
buying the market higher again, but until then I'm on hold.
FLAT Meat 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.
|
Metals |
Metals Market Overview
After floundering around for several weeks, copper finally made a move
before the weekend and broke through the top side of the resistance zone
that had confined prices for several weeks. Quite frankly this rally
astounds me as copper is already trading at historically high levels –
substantially higher levels to be precise. While a market making new highs
is not as easy to corner as a market trading near the bottom of its price
ranges, it is nevertheless natural to look for a top and a reversal.
I'm not a top (or bottom) picker but it does make me nervous to buy a market
where I have absolutely no resistance numbers to use as profit targets. The
best we can do is "project" a profit target for these markets, and that's a
guesstimate at best. However copper's trend remains incredibly strong, so if
we see some resistance, which we should very soon, I might try buying the
market higher.
In spite of substantial gains by the USD last week, the gold market seems
flat by comparison. While gold is technically bullish, the market really is
lacking any momentum behind its trend. This choppiness will probably
continue until we see the USD really commit to a direction, which should
either spur gold higher, or kill it entirely.
We are long silver from 771 as prices easily broke the 770 resistance last
week and rallied higher. Thursday's session, which filled our order, was
very strong and looked as through prices would continue to rally on Friday,
but they didn't. Instead the market held up on the 779 highs forming some
resistance there.
Silver
We bought silver last week off an RSI test as the market broke through and
traded higher. While silver is technically in an uptrend the RSI breakout
was weak and the strength of the trend didn't increase much according to ADX
either. This makes me a little suspicious of our chances to ride the trade
higher this week.
As such I will bring exit stops just below Friday's low in case we see a
reversal. Of course you could bring the trade to breakeven, but that would
leave exit stops within the previous day's range which might make you more
susceptible to getting whipsawed. First profit target is 792, but I might
consider tightening the target to 788 if prices don't being looking stronger
this week.
Continuation of Long December Silver from 771
Exit Order: 768
Approximate Risk Exposure: $150 per contract
Profit Target: 792
Approximate Potential Profit: $1050 per contract
RRR: 7:1
Degree of Risk: Moderate
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 Market Overview
The Softs continued to give us a nice mix of trading opportunities last
week. The nice thing about the softs is that none of the markets are really
related to the other; therefore you get a lot of independent movement.
Unlike the grains, meats or metals which have a tendency to move together,
you can almost always find something to trade in the soft complex.
This week we have a couple of new markets showing some potential, in
particular cocoa and coffee.
Cocoa
It looks as though cocoa's seasonal rally never came this year, which is
exactly why it is so difficult to trade a market according to the seasonal
tendencies. While it is useful to know what a market might do under "normal"
conditions, all too often the market conditions are anything but normal, as
was the case with cocoa.
The only good thing is that the seasonals might have prevented the market
from taking off on us. Cocoa's ranges have been rather subdued the last few
weeks but now it looks as though the market is ready to resume the
downtrend, especially in light of Friday's quick decline.
I considered giving cocoa a little extra room and sell it below 1340;
however there is still some long term support at 1320 which could be a
stumbling block, so I decided to enter earlier with the intention of
bringing stops to breakeven as quickly as possible. Initial stop placement
will go just above Friday's high at 1365 where there is a bit of daily
resistance as well. Risk exposure is approximately $240 per contract.
First profit target is long term support at 1230 (adjusted); however there
is some support along the way here that could make things a little bumpy for
our trade, but the trend seems to be gaining strength so hopefully we will
get through this area without too much trouble.
SELL March Cocoa at 1343
Exit Order: 1367
Approximate Risk Exposure: $240 per contract
Profit Target: 1237
Approximate Potential Profit: $1060 per contract
RRR: 4:1
Degree of Risk: Moderate
The charts in this publication
are all made using Gecko's Track 'n Trade charting software. You can get a
demo for free
here.
Coffee
While I normally don't trade coffee because of this market's incredibly huge
ranges, every once in a while we get a good setup, and this week might be
one of those times. It is vitally important that any coffee trade have a
strong breakout otherwise a whipsaw is almost assured. A strong breakout and
strong trend normally go hand in hand, and in coffee we have a reasonably
strong bull trend in the works right now.
What makes this trade interesting is that for the better part of last week
coffee has been in pullback mode as prices bounce off the 108.50. While no
one knows for sure when the market will reverse and continue with the trend,
the ranges are such that we can put together a trade to buy the market above
last week's resistance. This way we can be ready for the eventual reversal
if/when it happens.
It's a little bit tight, but I'll look to buy coffee at 108.80, 30 ticks
above the 108.50 resistance. This still might bring a reaction from the 109
area, but allowing too much more will give us an exorbitant amount of risk
on this trade. As it is we are risking over $400 by covering the trade at
the 107.65 line. 107.60 is the resistance prices formed toward the end of
last week, and while 106.70 would have been a better choice, it once again
brings too much money into the trade equation.
First profit target is resistance at 113 which would be the neckline of a
small rounded bottom formation. It is customary to see a reaction off the
neckline of such resistance so I would probably consider taking profit on
target and look to re-enter if prices continued higher.
BUY December Coffee at 108.80
Exit Order: 107.65
Approximate Risk Exposure: $431 per contract
Profit Target: 112.90
Approximate Potential Profit: $1537 per contract
RRR: 3 1/2:1
Degree of Risk: HIGH
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 December Australian Dollar
There are a couple of currency markets we could trade this week but I'm
choosing the Aussie primarily because of the trend. Hopefully the market
won't gap our order if rates continue to decline.
Pick #2 – SELL March Cocoa
The seasonals did little to push cocoa prices higher this year and last
Friday saw a rather dramatic decline in prices which would make it appear
that the market is ready to resume with the downtrend.
Pick #1 – SELL September Eurodollar
You could be more cautious and sell the break of 9500, or take the plunge
early and sell a break of support at 9503, but regardless of where you get
in, if we get a decent move lower then the ED is likely to continue with the
downtrend.
|
The Score Card |
The purpose of this section is to give you a feel for which markets might be
worth trading and which you might pass on given your own set of
circumstances. The figures quoted are based on the price levels outlined in
the ezine, trading single contracts and do not accurately account for
slippage, commissions or other trading related fees.
The Score Card is updated monthly.Summary for the Month of
October 2005
Date |
Pos. |
Market |
In |
Out |
Profit/Loss |
October 4-5
|
Sell |
December Crude |
6465 |
6395 |
700 profit |
October 4-10 |
Buy |
November Rice |
732 |
732 |
0 |
October 4-5 |
Buy |
October Cattle |
8962 |
9047 |
340 profit |
October 5-6
|
Sell |
December mini-Dow |
10417 |
10271 |
730 profit
|
October 5-6 |
Sell |
December mini-NAS |
1597.5 |
1566.5 |
620 profit
|
October 5 |
Sell |
December mini-S&P |
1213.5 |
1200 |
675 profit
|
October 6-10
|
Buy |
December Silver |
752.5 |
779.5 |
1350 profit |
October 6 |
Buy |
December Cotton |
5463 |
5413 |
250 loss |
October 7-13
|
Sell |
December Cocoa
|
1367 |
1367 |
0 |
October 10
|
Sell |
December Unleaded Gas |
176.85 |
178.05 |
504 loss |
October 11-14 |
Sell |
December Japanese Yen |
8827 |
8801 |
325 profit |
October 11-13 |
Sell |
December mini-NAS |
1547.5 |
1537 |
210 profit |
October 11-13 |
Buy |
December Wheat |
344 ¼ |
344 ¼ |
0 |
October 11-12 |
Buy |
December Gold |
480.5 |
477 |
350 loss |
October 12-13
|
Buy |
December Canadian $ |
8563 |
8530 |
330 loss |
October 12
|
Sell |
December mini-Dow |
10237 |
10277 |
200 loss |
October 12-14
|
Buy |
December Oats |
168 ¼ |
169 ¾ |
75 profit |
October 12-17 |
Buy |
December Soy Meal |
170.1 |
175.7 |
560 profit |
October 13-14
|
Buy |
December Cattle |
9192 |
9137 |
220 loss |
October 14-17
|
Buy |
December Swiss Franc |
7843 |
7783 |
750 loss |
October 14-17
|
Sell |
December US Dollar |
8927 |
8957 |
300 loss |
Oct 14-Nov 1
|
Sell |
December Corn |
201 ¼ |
198 ¼ |
150 profit |
October 17-19
|
Sell |
December Crude |
6215 |
6265 |
500 loss |
October 19 |
Sell |
December Heating Oil |
193.90 |
195.1 |
504 loss |
October 20 |
Sell |
December Unleaded Gas |
166.45 |
162.30 |
1743 profit |
October 21-24
|
Sell |
December Japanese Yen |
8679 |
8707 |
350 loss |
October 24-25
|
Buy |
December Oats |
167 ¾ |
166 ¼ |
75 loss |
October 21 -25 |
Sell |
December Cattle |
8967 |
9032 |
260 loss |
October 26 – 28
|
Buy |
December Cocoa |
1421 |
1407 |
140 loss |
October 27
|
Sell |
December Unleaded Gas |
160.35 |
160.55 |
504 loss |
October 27 – 28
|
Sell |
December mini-Dow |
10327 |
10285 |
210 profit |
October 27 – 28
|
Sell |
December mini-S&P |
1189.50 |
1185.50 |
200 profit |
October 27 – 28
|
Sell |
December Lean Hogs |
5967 |
6015 |
190 loss |
Oct 28 – Nov 1
|
Buy |
January OJ |
118.65 |
117.85 |
120 loss |
Oct 31 – Nov 4
|
Sell |
|
