Commodity Pick Report September 22, 2009

Welcome to Commodity Pick Report!

Commodity Pick Report gives you my best hand picked trades for each week. The trades below are classified according to their probability of success, with low risk trades having the greatest probability of working out and high risk trades the least regardless of risk amounts.

There are also trade management suggestions for open positions. Profit targets are offered for your consideration but unless specified trades will be managed according to the commentary. I would advise you to adjust recommendations to suit your own circumstances.

Remember that making money in trading does not require you to take numerous trades; rather the best way to make money is to take multiple contracts on the most promising trades. All trade recommendations are written for single contracts; however you might consider trading multiple contracts whenever your account, and risk tolerance allow.

Note: CPR trades do not account for slippage; therefore your actual fills might be slightly different than those reported here.

Here's to your success!

Erich
erich@tradershelpingtraders.com

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1: CURRENCIES
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December Australian Dollar ADZ9
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It looks like we might get a retest of support at 8400 after all. I'll rerun the weekend trade for Tuesday as the entry is far enough away to keep us out of a choppy market.

If December Australian Dollar opens at or below 8700
BUY 2 December Australian Dollar at 8717 (stop)(day)

If filled: Exit Stop: 8589 (stop)(GTC)
Approximate Risk: $1280 per contract
Profit Target: 8797 (limit)(GTC)
Approximate Profit: $800
Degree of Risk: Moderate to HIGH

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December Japanese Yen JYZ9
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A nice start to our Yen trade as the market hit our first profit target in the opening session! I love it when that happens!

I know it's hard, but the ideal stop placement for the trailing stop is "as is", at least for one more day.

CONTINUATION of Short December Japanese Yen at 109.10 (September 21)
Exit Stop: 110.10 (stop)(GTC)
Approximate Risk: $1250 per contract

Profit Target on 1st contract: 108.40 (September 21)
Approximate Profit: $875 per contract

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2: FINANCIALS/INDICES
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March Eurodollar EDH0
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The ED started this week with a show of support; however I don't think it'll hold (momentum's still falling) so I'll continue to short.

If the March Eurodollar opens at or above 99300
SELL 2 March Eurodollar at 99270 (stop)(day)

If filled: Exit Stop: 99370 (stop)(GTC)
Approximate Risk: $250 per contract
Profit Target: 99130 (limit)(GTC)
Approximate Profit: $350 per contract
Degree of Risk: Moderate to HIGH

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4: MEATS
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October Feeder Cattle FCV9
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Resistance came back into the Feeder market which is good news for our second contract. Hopefully we'll see prices continue lower for Tuesday.

CONTINUATION of Short October Feeder Cattle at 9797 (September 17)
Exit Stop: 9797 (stop)(GTC)
Approximate Risk: $0 per contract

Profit Target on 1st contract: 9687 (September 17)
Approximate Profit: $550 per contract

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October Lean Hogs LHV9
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Watch List - Hogs might be showing support. If we get it I'll be a buyer.

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6: SOFTS
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March Sugar SBH0
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I hate the kind of day we got in Sugar on Monday. These days are very indecisive and leave us hanging, and there's nothing worse than to be left hanging in a countertrend position!

We're going to need a lot of luck on Tuesday to ride this one out.

CONTINUATION of Short 2 March Sugar at 2311 (September 21)

If filled: Exit Stop: 2391 (stop)(GTC)
Approximate Risk: $896 per contract
Profit Target: 2253 (limit)(GTC)
Approximate Profit: $650 per contract
Degree of Risk: HIGH