———-
March British Pound BPH0
———-
Watch List – We got gapped on the open voiding our trade; however I think we’ll get another chance here as soon as get a reaction off the resistance at 162.25
———-
March Japanese Yen JYH0
———-
Yippee! The Yen hit our first profit target banking $1500 in profit the second day out! The rally also gave us a bit of room to adjust our remaining stops.
CONTINUATION of Long 2 March Japanese Yen at 108.63 (January 11)
Exit Stop: 107.83 (stop)(GTC)
Approximate Risk: $1000 per contract
1st Profit Target: 109.83 (January 12)
Approximate Profit: $1500 per contract
==================================================
3: GRAINS
==================================================
———-
January Canola RSF0
———-
Watch List – You just know support’s kicking in soon!
———-
March Corn CH0
———-
Did I call this or what? Didn’t I say that once I started looking long the market would tank? LOL! Obviously we missed selling the market, but at least resistance kept us safe and we didn’t lose money and that’s the next best thing.
FLAT for Wednesday.
==================================================
4: MEATS
==================================================
———-
February Live Cattle LCG0
———-
Momentum is falling off however we do have support so I’m taking a leap and looking for the 8450 support to hold and push prices higher.
If February Live Cattle opens at or below 8500
BUY 2 February Live Cattle at 8577 (stop)(day)
If filled: Exit Stop: 8467 (stop)(GTC)
Approximate Risk: $440 per contract
Profit Target: 8747 (limit)(GTC)
Approximate Risk: $680 per contract
Degree of Risk: Moderate to HIGH
———-
February Lean Hogs LHG0
———-
FLAT – I’m pulling the Hog trade for Wednesday.
===============================================
6: SOFTS
==================================================
———-
March Coffee KCH0
———-
Holding the stops and hoping for support to kick in for Wednesday.
CONTINUATION of Long March Coffee at 138.60 (January 4)
Exit Stop: 141.75 (stop)(GTC)
Approximate Risk: $0 per contract
1st Profit Target: 141.35 (January 4)
Approximate Profit: $1031 per contract
==================================================
Day Trading Support and Resistance Lines
==================================================
———
March mini-DOW YMH0
———-
Support and Resistance Lines:
10500
10540
10560
10580
10620
———-
March mini-S&P ESH0
———-
Support and Resistance Lines:
1127.50
1131.00
1138.00
1142.00
1148.00
