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1: CURRENCIES
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December Australian Dollar ADZ9
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Wacko! That’s what I get for going against the trend (again).
COMPLETION of Short December Australian Dollar at 9177 (Nov 19)
Exit Stop: 9303 (November 25)
Approximate Loss: $1260 per contract
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3: GRAINS
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January Canola RSF0
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That’s more like it! Canola’s gaining some ground. Another day like this and we should be able to do something with our stops.
BUY 2 January Canola at 4100 (stop)(limit)(day)
If filled: Exit Stop: 3980 (stop)(GTC)
Approximate Risk: $240 per contract
Profit Target: 4200 (limit)(GTC)
Approximate Profit: $200 per contract
Degree of Risk: Moderate to HIGH
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6: SOFTS
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March Cocoa CCH0
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A big day for Cocoa as the rally brought us into the market. Leave the exit stops where they are for Thursday.
CONTINUATION of Long 2 March Cocoa at 3327 (November 25)
Exit Stop: 3277 (stop)(GTC)
Approximate Risk: $500 per contract
Profit Target: 3377 (limit)(GTC)
Approximate Profit: $500 per contract
Degree of Risk: Moderate to HIGH
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January OJ OJF0
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Nuts. Again with the countertrend trade. I’m going to get this tattooed on my forehead…
COMPLETION of Short January OJ at 111.15 (November 24)
Exit Stop: 114.85 (November 25)
Approximate Loss: $555 per contract
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March Sugar SBH0
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We can adjust the stops a little more, but not enough to get us to breakeven yet.
CONTINUATION of Short 2 March Sugar at 2213 (November 23)
Exit Stop: 2277 (stop)(GTC)
Approximate Risk: $716 per contract
Profit Target: 2133 (limit)(GTC)
Approximate Profit: $896 per contract
Degree of Risk: Moderate to HIGH
