==================================================
1: CURRENCIES
==================================================
———-
March Australian Dollar ADH0
———-
Ideally we want to hold our trailing stop where it is for Tuesday. There might be another big push lower before Christmas.
CONTINUATION of Short 2 March Australian Dollar at 8977 (December 16)
Exit Stop: 8951 (stop)(GTC)
Approximate Risk: $0 per contract
1st Profit Target: 8853 (December 17)
Approximate Profit: $1240 per contract
———-
March Japanese Yen JYH0
———-
We picked our lines well didn’t we? The Yen fell off Monday but never broke resistance to fill our long position. FLAT for Tuesday.
==================================================
2: FINANCIALS/INDICES
==================================================
———-
September Eurodollar EDU0
———-
The Eurodollar’s heading the right way again after making us sweat for a bit. We’re not out of the woods though as we approach old support.
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
———-
March Wheat WH0
———-
Wheat’s looking a touch bearish after Monday’s session; however I’ll re-run the weekend trade for Tuesday.
If March Wheat opens at or below 530
BUY 2 March Wheat at 531 1/4 (stop)(day)
If filled: Exit Stop: 514 3/4 (stop)(GTC)
Approximate Risk: $812 per contract
Profit Target: 544 3/4 (limit)(GTC)
Approximate Profit: $675 per contract
Degree of Risk: Moderate to HIGH
==================================================
4: MEATS
==================================================
———-
February Lean Hogs LHG0
———-
Ditto for the Hog trade although right now it looks very bearish.
If February Lean Hogs open at or below 6600
BUY 2 February Lean Hogs at 6612
If filled: Exit Stop: 6482 (stop)(GTC)
Approximate Risk: $522 per contract
Profit Target: 6737 (limit)(GTC)
Approximate Profit: $500 per contract
Degree of Risk: Moderate to HIGH
==================================================
5: METALS
==================================================
———-
February Gold GCG0
———-
And Gold has turned bearish as well; however I’m still looking for a bullish reaction off support.
If February Gold opens at or below 1120.0
BUY 2 February Gold at 1122.0 (stop)(day)
If filled: Exit Stop: 1095.0 (stop)(GTC)
Approximate Risk: $2700 per contract
Profit Target: 1142.0 (limit)(GTC)
Approximate Profit: $2000 per contract
Degree of Risk: Moderate to HIGH
