Thursday, March 16, 2006

THT Trade Update for Wednesday March 15th 2006


June Australian Dollar ADM6
Okay, I finally have an idea of what's going on in the
Aussie Dollar. If you draw a line on the reaction highs and
lows (peaks and valleys) you'll see a bit of a channel
formation. How much you wanna bet that the AD is going to
rally to the top of the channel?

June British Pound BPM6
RSI and trendline test today. We should see a bounce or
break tomorrow. The lack of trend is a definite concern, so
I'm standing aside.

June Canadian Dollar CDM6
A moderate RSI and trendline bounce in the CD today. This is
another market where the weak trend is leading to some
choppy sessions. I still think we're going to see a reaction
off 8750.

June EuroFX ECM6
The EC traded quite a bit higher today. I think we might see
more of the same tomorrow, but let's see what happens at the
121.00 area.

June Japanese Yen JYM6
Oh crap. A hold lot of good our stops did us today as the
market opened with a $500 gap against us. Not a good day to
say the least.

June Mexican Peso MPM6
The Peso's got a long way to go before we see the next RSI
test. Nothing new here right now.

June Swiss Franc SFM6
A big day for the Swissy. In hindsight I guess we could have
done the opposite of our US trade here.

June US Dollar Index DXM6
Well that worked out pretty well, didn't it? Maybe I'll be
able to recoup some of those currency losses I incurred this

Exit stops need to go at least to breakeven. There isn't a
lot of intraday stuff here to make them any tighter than
that however, so do so at your own risk.

For all daily positions with entries, exits, risk, profit targets, risk/reward ratios in the following markets, join our trading family by going to

May Unleaded Gas HUK6
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December (06) Eurodollar EDZ6
June mini-DOW YMM6
June mini-NAS NQM6
June mini-S&P ESM6

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May Oats OK6
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May Soybean Oil BOK6
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April Gold GCJ6
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May Cotton CTK6
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