Wednesday, January 24, 2018

Swissie Breakout

Here's the break out of range on the Swissie on the reopen last night.

Long 1.0496, first target 1.0598.
2:1 risk reward = $637.50 risk, to profit $1275 per contract.

Friday, January 19, 2018

Euro Short

Strong trend. Bit of a H&S pattern, then a DT at a lower high. TL broke, would look for 2:1 risk/return short on a pullback to 50% Fib.
Risk $812.50. Reward on tgt 1 only = $812.50. TGT 1 + TGT 2 = $2031.25

Friday, January 12, 2018

Peso Long

Breakout to the upside of congestion box on 1HR chart:
Long .05169. Risk to .05063. Target #1: .05240. $355 gain. Target #2: .05311, $710 gain.


Both targets hit. +$355 + $710. = $1,065 gain.

Tuesday, August 22, 2017

$CAD long

Initial TL BO, then a retest of that TL, with a turn around in the 1hr close over .7880

Aug. 22 update:
After testing 61.8%Fib, would have to move trailing stops to breakeven here
August 22, 2nd update: Target #1 achieved.

Thursday, March 3, 2016

March 3

Dropped the ball, possibly on another coffee TL BO.
Will need to watch re-open and NY session in cotton to see if it can break over 56.75.
Watching for a test of TL on Yen.
Palladium has screamed higher. Daily continuous for thoughts on entry. 

Wednesday, February 17, 2016

Feb. 17, '16

April Lean Hogs (/HEJ6): 
Perfect ascending triangle breakout.
Long 71.15, measured target 74.40.
Also some confluence of resistance on daily chart there:
March Cotton (/CTH6):
Previous bearish channel where prices rallied and failed at 50%Fib & channel low levels. Now a new bullish channel is developing. Good place to get long around 59.50/59.40. Risk 58.95 = .55 ($550 on 2 lots).
May Coffee (/KCK6):
Triangle breakout potential here with upside measure target at 121.50/122, downside target 112.50/112.00.
May Sugar (/SBK6): 
Trendline breakout. Long 13.30 yesterday. Target 14.00, second target 14.35.
**starting to look like it's still balancing a bit sideways; needs support at 13.00 to save this over next 2 days, I suspect.

TOS GUI crashing... Will continue other thoughts, observations tomorrow morning.

Saturday, February 6, 2016

Feb. Thoughts, Part 2

Been a strong rally. Hard to look for shorts, but upside references come on daily swings @ 1183.6, 1192.2
Same thing with silver, but a nice channel is hinting at possible upside resistance near 15.50. 200 DMA could also get in the way nearby at 15.163
Hovering between 50% & 61.8% Fibs, also with confluence near EMA and a previous level of resistance (shaded box), this could be ready to retrace higher back to 2.1085 - 2.1152 zone.
The trade here would be to buy above last swing 2.095 STP, 1:1 tgt = 2.111; 2:1 tgt = 2.127

Pretty solid 1 year downtrend line resistance coming up, any spike thru should be next resistance at EMA 939/940
The last congestion box low was paired with w previous swing low on daily chart. Any further extention higher should be capped at that resistance level  520-525 as well as 50DMA
Shorter time frame a bit more choppy. Could be possible day trade if it clears 506 and gets to 513/515 before failing at Friday's high.
Skipping currency futures.

Very congested and a breakdown could be juicy, or false BO. Will need to watch reaction  below 364
Also a bit congested; downside break below 463 may not have much room with 456 support nearby. Could be worth a look.
Stuck in a triangle; nothing here until breaks free of congestion inside.
Unless we get a solid break lower, which could be a nice 10pt scalp:
Nice looking channel. Would like to nibble long at a dip to EMA, 30.97 area.
Congested on 20d; looking at weekly chart, a break to new lows out of the congestion recently could open up 251 & 235/236 support.
Waiting for Fibzone to become new support.
A BO above 13.4 could open up 13.90-14.15