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1: CURRENCIES
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March Australian Dollar ADH0
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I’ll re-run the AD trade for Tuesday even though the market is looking bullish right now.
If the March Australian Dollar opens at or above 9000
SELL 2 March Australian Dollar at 8977 (stop)(day)
If filled: 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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A bullish day that wasn’t able to take out Friday’s high… I think I’ll re-run the Short order for Tuesday. With the higher close we are less likely to get a bad fill.
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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The ED got very close to filling our short order for Monday but came up a few ticks shy. I’m more apprehensive about this trade now because of the trendline support nearby and the lack of downward momentum.
If September Eurodollar opens at or above 99.050
SELL 2 September Eurodollar at 99.047 (stop)(day)
If filled: 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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We got filled on the Canola trade with a so-so closing price. I’m hoping to see better upward momentum for Tuesday.
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
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March Oats OH0
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We weren’t able to ride out the remaining contract in our Oat trade, but I think we still had the right idea here.
CONTINUATION of Short March Oats at 259 3/4 (December 3)
Stopped: 261 1/4 (December 14)
Approximate Loss: $75 per contract
1st Profit Target: 253 1/4 (December)
Approximate Profit: $325 per contract
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January Soybean SX0
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A textbook day in Beans. The strong finish brings our first profit target into play for Tuesday.
CONTINUATION of Long 2 January Soybeans at 1044 3/4 (December 14)
Exit Stop: 1018 3/4 (stop)(GTC)
Approximate Risk: $1300 per contract
Profit Target: 1063 1/4 (limit)(GTC)
Approximate Profit: $925 per contract
Degree of Risk: Moderate
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6: SOFTS
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March Cotton CTH0
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Well I guess we know who won the fight between the bulls and bears don’t we? Nothing new here for Tuesday.
COMPLETION of Short 2 March Cotton at 7360 (December 10)
Stopped: 7525 (December 14)
Approximate Loss: $825 per contract
