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1: CURRENCIES
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March Australian Dollar ADH0
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We got really close on our Aussie trade Tuesday. I’ll run the trade again for Wednesday.
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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Momentum went up as prices went down. I’m not sure what to make of this, but prediction is not our game anyway. I have my “line in the sand” (support) so I’ll continue to sell a move below there.
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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Got a nice move lower on our ED trade. Hoping for more downward momentum for Wednesday.
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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Yuck. Canola’s still stalled. Holding everything “as is”.
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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We hit our first profit target on Tuesday. If you still have open positions the “best” place for your trailing stop is still the original placement.
CONTINUATION of Long 2 January Soybeans at 1044 3/4 (December 14)
Exit Stop: 1018 3/4 (stop)(GTC)
Approximate Risk: $1300 per contract
1st Profit Target: 1063 1/4 (December 15)
Approximate Profit: $925 per contract
