Reporting trades from 2/04/08.
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1: MARCH 30 YEAR T BOND
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USDH8 O=119-15 HI=119-16 LO=119-00 CL=119-06
Economic reports were strong and even with stocks down today
Bonds never could get any traction. Part of the reason is due to
a new supply of 10 years coming to market on Wednesday followed
by 30 years on Thursday.
I sold 119-14. As we dropped to 119-00 I rolled my stop to 119-03
and exited there a moment later for $343. I next bought 119-03
and rolled the stop to B/E as we touched -07. I got stopped at B/E
and then watched it run to -15 with no way to get back in the trade.
I sold -13 and was stopped at -11 gaining $63 as I'd rolled my stop
as we tapped on -07. I got another chance to buy -03 at about 8:50
PST which I exited at -11 for $250. That ended my Bond day.
For Wednesday we'll watch 119-16 and 120-00
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2: MARCH CANADIAN DOLLAR
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CDH8 O=10049 HI=10070 LO=9977 CL=10058
As we rolled thru 10000 I bought 10005 and exited at 10047 on
an OB off 10050 ... a number we identified in the weekend edition
for $420. Next I sold 10046 with my stop at 10053. I rolled the
stop to B/E as we passed thru 10040 and to 10033 as we broke
10030 and was stopped right there for $130. I bought the break
of 10050 at 10055. I went to B/E with my stop at 10060 and was
stopped at B/E as the CD turned back to 10050 after making a
double top ay 10064. I sold a break of 10050 and bought a break
higher both of which ended at B/E. I quit about 11:30 PST
All the weekend numbers for tomorrow, Wednesday
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3: MARCH SWISS FRANC
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SFH8 O=9175 HI=9213 LO=9160 CL=9198
We nailed the right number at 9160. Just one problem ... we had
it sold, not bought. The breaks came later in the day and escaped
us.
Stay after the same numbers for weekend guidance for tomorow,
Wed. The break above or below looks very juicy to me. Buy or sell
as the whispers dictate.
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4: MARCH MINI RUSSELL 2000
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ERTH8 O=730.20 HI=733.80 LO=720.50 CL=721.60
The whispers from 6 am to the break at 6:30 were more like
screams we were going lower. I sold 727.70 and exited at 724.10
using OB theory for $360. I bought 722.50 and exited at 725.80
for $330. I bought 728.50 and exited at 728.60 for a whopping
$10 gain. I bought 728.50 again and regretted it big time. I exited
at 726.70 losing $180. I didn't see another tradeable number until
722 late in the session. That was it for me.
All the weekend numbers are in play.
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5: MARCH MINI $5 DOW
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EYMH8 O=12756 HI=12778 LO=12603 CL=12612
No numbers showed for me today
Stay on the Weekend numbers.
For those of you with no computer issues you should have had 12600
sold or at worst 12550 for a nice solid $1000 plus gainer.
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6: APRIL GOLD
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GCJ8 O=910.50 HI=917.40 LO=896.10 CL=909.40
There's the confirmation at 5:35; I sold 908.50 and exited at
898.50 for a cool $1000. I was done.
The 890/900 and 890/880 channels are it for tomorrow.
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The Daily Update is a publication of Daytrading by Ambush
http://www.daytradingbyambush.com
tom.mostlikely@verizon.net
Copyright (c) 2008 daytradingbyambush
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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
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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
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In fact, there are frequently sharp differences between hypothetical
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One of the limitations of hypothetical performance results is that they
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There are numerous other factors related to the markets in general
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