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1: CURRENCIES
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March Australian Dollar ADH0
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Sold the AD Wednesday and a strong close in our favour brings the first profit target into play for Thursday. Leave stops where they are for the moment.
CONTINUATION of Short 2 March Australian Dollar at 8977 (December 16)
Exit Stop: 9147 (stop)(GTC)
Approximate Risk: $1700 per contract
Profit Target: 8853 (limit)(GTC)
Approximate Profit: $1240 per contract
Degree of Risk: Moderate to HIGH
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March British Pound BPH0
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Serious resistance at 164.70 is keeping me from buying right now. I’ll run the Short trade again for Thursday.
If the March British Pound opens at or above 161.50
SELL 2 March British Pound at 161.37 (stop)(day)
If filled: Exit Stop: 163.53 (stop)(GTC)
Approximate Risk: $1350 per contract
Profit Target: 160.09 (limit)(GTC)
Approximate Profit: $800 per contract
Degree of Risk: Moderate
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2: FINANCIALS/INDICES
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September Eurodollar EDU0
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Support is to be expected after a multi-day decline; however it is important that the bears come back into the market quickly.
CONTINUATION of Short 2 September Eurodollar at 99.047 (December 14)
Exit Stop: 99.200 (stop)(GTC)
Approximate Risk: $382 per contract
Profit Target: 98.860 (limit)(GTC)
Approximate Profit: $467 per contract
Degree of Risk: HIGH
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3: GRAINS
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January Canola RSF0
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A slightly better day in Canola, but we’re not out of the woods yet.
CONTINUATION of Long 2 March Canola at 414.0 (December 14)
Exit Stop: 408.0 (stop)(GTC)
Approximate Risk: $120 per contract
Profit Target: 419.0 (limit)(GTC)
Approximate Profit: $100 per contract
Degree of Risk: Moderate to HIGH
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January Soybean SX0
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Beans are still looking bullish. Bring the remaining stops to breakeven for Thursday.
CONTINUATION of Long 2 January Soybeans at 1044 3/4 (December 14)
Exit Stop: 1044 (stop)(GTC)
Approximate Risk: $0per contract
1st Profit Target: 1063 1/4 (December 15)
Approximate Profit: $925 per contract
