Support and Resistance Trading: THT Trade Update for Wednesday March 29th 2006

Thursday, March 30, 2006

THT Trade Update for Wednesday March 29th 2006

Erich's Trades for Wednesday March 29th 2006

7: SOFTS

May Cocoa CCK6
Cocoa's testing support, but we don't have anything to trade just yet.

May Coffee KCK6
Coffee continues in pullback mode. Nothing here tomorrow.

May Cotton CTK6
Cotton pulled higher as anticipated. I'm trailing my sell order just below today's low to short the market on the first sign of a reversal.

*SELL May Cotton at 5265
*Exit Stop: 5320
*Approximate Risk: $275 per contract
*Profit Target: 5080 per contract
*RRR: 3:1
*Degree of Risk: Moderate to HIGH

May OJ OJK6
OJ's pullback was cut short as the market rallied again today. We're on hold here tomorrow.

May Sugar SBK6
Sugar rallied quite strongly today. I have to admit that I was a bit surprised at the strength, but not surprised at the opening gap that voided our buy order. Too bad. We almost nutted this one.

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1: CURRENCIES
June Australian Dollar ADM6
June British Pound BPM6
June Canadian Dollar CDM6
June EuroFX ECM6
June Japanese Yen JYM6
June Mexican Peso MPM6
June Swiss Franc SFM6
June US Dollar Index DXM6

2: ENERGIES
May Unleaded Gas HUK6
May Heating Oil HOK6
May Crude Oil CLK6

3: FINANCIALS/INDICES
December (06) Eurodollar EDZ6
June mini-DOW YMM6
June mini-NAS NQM6
June mini-S&P ESM6

4: GRAINS
May Corn CK6
May Oats OK6
March Rice RRH6
May Soybean Meal SMK6
May Soybean Oil BOK6
May Soybean SK6
May Wheat WK6

5: MEATS
May Feeder Cattle FCK6
April Live Cattle LCJ6
April Lean Hogs LHJ6

6: METALS
March Copper HGH6
April Gold GCJ6
May Silver SIK6

Name:Erich Senft

Location:Lake cowichan, British Columbia, Canada

View my complete profile

The Daily Update market alert is a publication of Traders Helping Traders.net http://www.tradershelpingtraders.net tom@tradershelpingtraders.net Copyright (c) 2002-2005 Traders Helping Traders.net. 204 Cowichan Avenue East Lake Cowichan, British Columbia, V0R 2G0 (250)749-4191 (Pacific Time Zone)

RISK DISCLOSURE! Trading commodity Futures and options on futures involves significant risk. You must consult licensed professionals or your own advisors before trading to determine if it is suitable for you.

Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. You must consult your broker or advisor before making any trade to insure current prices, margin requirements and other factors determinant to suitability. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers. You agree before doing any trade contained herein to consult your charts and advisors to verify all information and make your own decision.

Hypothetical performance results have many inherent limitations, some of which are described below. 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 actual results subsequently achieved by any particular trading program. 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 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.

RISK DISCLOSURE! Trading commodity Futures and options on futures involves significant risk. You must consult licensed professionals or your own advisors before trading to determine if it is suitable for you. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. You must consult your broker or advisor before making any trade to insure current prices, margin requirements and other factors determinant to suitability. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers. You agree before doing any trade contained herein to consult your charts and advisors to verify all information and make your own decision.

Hypothetical performance results have many inherent limitations, some of which are described below. 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 actual results subsequently achieved by any particular trading program. 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 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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