CURRENCIES
September Japanese Yen JYU9
FLAT – As suspected the Yen tailed off for Thursday. I’m pulling the trade for Friday and will consider a possible short for next week.
FINANCIALS/INDICES
September mini-DOW YMU9
FLAT – And THAT is why I usually run a trend trade and not countertrend…I just couldn’t resist the temptation. Darn it.
GRAINS
September Soybean Oil BOU9
FLAT – Bean Oil didn’t fill us so I’m pulling the trade for Friday.
September Soybean SU9
FLAT – Big Beans gapped us on the open voiding the trade, but other than that it looks like we had the right idea. We’ll give this another look over the weekend.
September Wheat WU9
FLAT – And THAT is why I run a profit target. Wheat’s looking a touch bullish for Friday but I don’t want to open a new position going into the weekend.
MEATS
August Feeder Cattle FCQ9
Watch List – Still eyeing the 101.50 line for support
SOFTS
September Coffee KCU9
FLAT – A perfect example of why profit targets are invaluable for the small trader. We’re up over $1500 profit from this trade by taking profit when we did. If we had held on we would have been whipsawed for a loss.
