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December EuroFX ECZ9
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We knew the trade was countertrend but I was banking on the long term resistance to put up more of a fight. It didn’t happen as the EC rallied Wednesday, but just because we got the direction wrong doesn’t mean we lost money – which is the next best thing after making money.
FLAT for Thursday
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December Japanese Yen JYZ9
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Since I’m obviously dying to sell something let’s try a break of the support on the Yen. This is early support from 109.10 region from last July. First target is the reactionary low from September 21st.
If the December Japanese Yen opens at or above 109.50
SELL 2 December Japanese Yen at 110.73 (stop)(day)
If filled: Exit Stop: 110.73 (stop)(GTC)
Approximate Risk: $1625 per contract
Profit Target: 108.33 (limit)(GTC)
Approximate Profit: $1375 per contract
Degree of Risk: Moderate to HIGH
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December US Dollar Index DXZ9
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Scrubbing the USD buy for now as well. I’m still not convinced a rally is coming… just not right now.
FLAT for Thursday.
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2: FINANCIALS/INDICES
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September Eurodollar EDU0
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The March contract is too close to expiration so let’s roll into September to take advantage of greater volatility. Yes, sometimes volatility is a good thing.
Note: there is support at 985300 which could snag the move lower. You can wait to see what the market does at that level before committing to the trade.
Same trade as before, different month.
If September Eurodollar opens at or above 98610
SELL 2 September Eurodollar at 98600 (stop)(day)
If filled: Exit Stop: 98790 (stop)(GTC)
Approximate Risk: $475 per contract
Profit Target: 98450 (limit)(GTC)
Approximate Profit: $375 per contract
Degree of Risk: Moderate to HIGH
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3: GRAINS
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November Canola RSX9
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Hit our first profit target Wednesday and got enough room to roll the stops up a bit on the second. Not quite to breakeven, but close.
CONTINUATION of Long November Canola at 393.0 (October 19)
Exit Stop: 390.0 (stop)(GTC)
Approximate Risk: $60 per contract
Profit Target on 1st contract: 401.0 (October 21)
Approximate Profit: $160 per contract
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December Soybean Oil BOZ9
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I’ve never been so happy to be wrong about a pending pullback. Bean Oil rallied sharply Wednesday launching our remaining profits to just under $2200 per open contract! Our exit stop is a bit further back, risking nearly $1k to cover. As always, let your wallet be your guide.
CONTINUATION of Long December Soybean Oil at 3493 (October 
Exit Stop: 3703 (stop)(GTC)
Approximate Risk: $0 per contract
Profit Target on 1st contract: 3583 (October 12)
Approximate Profit: $540 per contract
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4: MEATS
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December Lean Hogs LHZ9
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Time to try the Hog trade again. Can anyone tell me why I’m doing it now?
If December Lean Hogs opens at or below 5500
BUY 2 December Lean Hogs at 5517 (stop)(day)
If filled: Exit Stop: 5357 (stop)(GTC)
Approximate Risk: $640 per contract
Profit Target: 5677 (limit)(GTC)
Approximate Profit: $640 per contract
Degree of Risk: Moderate
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March Sugar SBH0
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I considered buying Sugar again on Thursday but decided to wait. The declining channel formation has me spooked.
FLAT
