March Japanese Yen JYH0
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Watch List – Still watching. 106.50 is the magic support number I’m looking for.
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March US Dollar Index DXH0
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A glimmer of hope on our DX trade as the market gave support on Thursday. Holding the exit stops where they are for the time being.
CONTINUATION of Long 2 March US Dollar Index at 78030 (January 6)
Exit Stop: 77340 (stop)(GTC)
Approximate Risk: $690 per contract
Profit Target: 78670 (limit)(GTC)
Approximate Profit: $640 per contract
Degree of Risk: Moderate to HIGH
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2: FINANCIALS
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September Eurodollar EDU0
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The ED stalled on Thursday so I’m going to look to short it for Friday. I don’t normally like to start a new position going into the weekend; however the ED is usually a tame market.
If September Eurodollar opens at or above 99030
SELL 2 September Eurodollar at 99000 (stop)(day)
If filled: Exit Stop: 99140 (stop)(GTC)
Approximate Risk: $350 per contract
Profit Target: 98830 (limit)(GTC)
Approximate Profit: $425 per contract
Degree of Risk: Moderate to HIGH
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March 30 Year T-Bond USH0
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FLAT
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February Lean Hogs LHG0
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What? A hog trade for Friday? Yes, it’s true. Hogs continue to hit the resistance on 6800 and it’s too much for me to bear. Momentum is building so I’ll set up to buy a breakout through resistance instead of a bounce off it.
If February Lean Hogs opens at or below 6810
BUY 2 February Lean Hogs at 6840 (stop)(day)
If filled: Exit Stop 6695 (stop)(GTC)
Approximate Risk: $580 per contract
Profit Target: 6960 (limit)(GTC)
Approximate Profit: $480 per contract
Degree of Risk: Moderate to HIGH
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6: SOFTS
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March Coffee KCH0
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Coffee’s trying to rally; however the resistance keeps knocking the market off the highs. Keep exit stops nearby just in case there’s a sudden reversal.
CONTINUATION of Long March Coffee at 138.60 (January 4)
Exit Stop: 139.25 (stop)(GTC)
Approximate Risk: $0 per contract
1st Profit Target: 141.35 (January 4)
Approximate Profit: $1031 per contract
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Day Trading Support and Resistance Lines
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March mini-DOW YMH0
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Support and Resistance Lines:
10360
10455
10480
10510
10535
10550
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March mini-S&P ESH0
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Support and Resistance Lines:
1110.00
1117.00
1125.00
1127.00
1133.00
1135.50
1139.00
