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Commodity Trading Log

Our trading log reflects the actual recommendations our clients receive, using primarily Ken Roberts style trading techniques.  Our clients receive these recommendations via email or frequent updates to the client "sightings" area.  This is a simulated trading account and does not represent an actual account.

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Closed on 11/23/11

December Silver Is in a Narrow Sideways Channel.  The high of the channel is @ 35.35 and the low is @ 33.10   Place a bracket order with a buy above 35.35 and a sell below 33.10.  On a bracket order once on is filled the other becomes your stop-loss,

11/17/11  We are now long this market from  32.95 with our stop @ 35.40

11/23/11  We are moving our stop loss to 31.95 locking in $5,000.00

10/26/11 Our stop loss was filled  @ 31.95 for a gross profit of $5,000.00 before commission and fees.

Closed on 11/17/11

December Wheat Made a new #1 bottom point at 632 ¼ the low on 9/23/11. 50% @ 809 ½

09/27/11  Made a possible #2 at today's high of2732

09/28/11 A possible #3 point at 668 3/4  the low on 9/28/11. 

*We are waiting to place an order until after tomorrows close so not to get picked up in a false breakout ahead of Fridays ending grain stock report

09/29/11  The market ended up 15 cents today,  which didn't get us in.  We are still concerned about a bump in the night session to take us in on a false break, so we are waiting until tomorrow morning. To place an order.

10/3/11 Made a new #1 bottom at 596 3/4

10/4/11 Touched the low again--(Double Bottom) at 596 3/4--New 50% @ 791 3/4

10/6/11 Possible #2 point at 639 3/4

10/10/11  #3 point at 660 the low of (10/7/11)

10/11/11We are placing an order to go long @ 641 3/4 and our initial stop-loss will be placed at 595 3/4

10/12/11  We are now long this market from  641 3/4 with our stop @ 595 3/4

11/17/11  We we stopped out today for a gross loss of $2300.00 before commission and fees 

 

Closed on 11/17/11

 

December Corn  Is in a sideways channel   The top of the channel is at 655, and the bottom is at 622.  Place a bracket order with a buy above 655 and a sell below 622.  On a bracket order once on is filled the other becomes your stop-loss,

10/21/11  We are now long this market from 657, we are placing our initial stop-loss at 618 1/2

11/17/11  We we stopped out today for a gross loss of $1925.00 before commission and fees 

Closed on 11/04/11

March Feeder Cattle  Has a #1 top point at 148.77 1/2 the high on 10/17/11, the #2 point is 146.10 the low on 10/20/11 and the #3 point is 148.77 1/2 the high on 10/21/11 (this is also called a double top). Place an order to sell on a break below the #2 point with your initial stop loss just above the #1 point. 50% @ 136.58 

10/31/11 We are now short this market @ 145.45 with our initial stop @ 149.20

11/4/11  We we stopped out today at the High for a gross loss of $1900.00 before commission and fees it fell right back into the range so we are looking to get back in.

Closed on 10/31/11

December Oats Made a new #1 bottom point at 320 1/4 the low today. 10/04/11. 50% @ 369 1/2  

10/6/11 Made a new possible #2 @ 3.29  

10/10/11  Made a new low at 313.  50% @ 366

10/16/11 Because of the rally in corn, wheat and soybeans on the 12th, a bottom formation never occurred.  but is developing a channel now--possible bracket in the next couple of days

10/18/11  Looking for one more day in the range

10/20/11 Is in a sideways channel   The top of the channel is at 347, and the bottom is at 335.  Place a bracket order with a buy above 348 1/4 and a sell below 333 3/4.  On a bracket order once on is filled the other becomes your stop-loss,

10/26/11 We are now long this market from  333 3/4  with our stop @ 348 1/2 

10/28/11 The lack of downside potential and the resistance that we are hitting @ the 329 mark is telling us to move our stop to break even.@ 333 3/4 

10/31/11  We were stopped out today at our price  333 3/4 meaning our net loss was the commission.

Closed on 10/26/11

December Cocoa Made a new #1 bottom point at 2691 the low on 9/19/11. 50% @ 3145

09/25/11  Made a new #1 bottom point at 2613 the low on 9/23/11. 50% @ 3106

09/27/11  Made a possible #2 at today's high of 2732

09/28/11 A possible #3 point at 2360 the low on 9/28/11. We are placing an order to go long on a break above the #2 point.  

10/04/11 Made a new #1 bottom at 2540--New 50% @ 3070

10/10/11  Made a new #2 point at 2703

10/11/11  Today's low is a possible #3 point 

10/16/11  Nothing New with the 1-2-3.  This market also has a inverted head and shoulders formation,  a semi-rounded bottom, and a narrow-sideways channel. For now we are still using the 1-2-3 as our buy signal--but if it channels much longer we will bracket this market.

10/18/11  Made a new low today.  Still has a great buy signal above 2753.  We would like to see a tighter formation near the bottom to reduce the risk, but are willing to get in on a break above 2757, depending on how it approaches that level.

10/20/11  Possible #2 at yesterdays high @ 2648

10/21/11 We have a confirmed 1-2-3 bottom #1 @ 2523 on 10/18 #2 @ 2648 on 10/19 and the #3 @ 2545 on 10/20.  This is the third completed 1-2-3 in a Month.  None of the have put us in the market --so the plan is working. 

*The formations are so close together that they present a bunch of small resistance points, coupled with the fact that this last formation is only 3 day-we are not recommending placing an order yet.

10/24/11 We are placing an order to go long @ 2651 and our initial stop-loss will be placed at 2595

10/25/11  We are now long this market from  2652 with our stop @ 2595 

10/25/11 Cocoa made a large move so we are moving our stop just below the 2700 support level @ 2695.

10/26/11 Our stop loss was filled  @ 2695 for a gross profit of $430.00 before commission and fees.  

 

Closed on 10/18/11

January Soybeans Is in a possible sideways cannel.  I know we just got out but this market is due for some retracement and it seems to be consolidating. (10/6/11)

The top of the channel is at 1200  the high of 10/3/11 and the bottom  is at 1163 1/2 the low of 10/4/11.  50% retracement of the last major move is 1318 3/4

10/11/11  We are bracketing this market with a buy at 1205 3/4 and a sell at 1161 1/4.  Once one is filled the other will become our stop-loss.  The range between our orders is 44 1/2 cents.

10/12/11 We are now long this market from 1206 1/4--Soybeans made such a large move today--closing at 1235 1/2 we are going to move our stop to beak even

10/14/11  Because the market has moved so fast in our favor and wheat dropped so much yesterday we are tightening up our stop even more to the low of the night session at 1257 1/2

10/18/11  Our stop loss was filled on 10/18/11 for a gross profit of $2,562.00 before commission and fees.  

 

Closed on 10/06/11

January Soybeans  Made a new #1 top point at 1456 ½  the high on 8/29/11. 50% @ 1231 ½ 

09/07/11 Made a #2 point at 1418 ½ the low on 9/6/11 and a possible #3 point at 1445 ¼ the high on 9/7/11. We are placing an order to go short on a break below the #2 point.

09/12/11 We are now short this market from 1417 (9/12/11)  

09/19/11 We are moving our stop loss to 1383 ¼

09/25/11 We are moving our stop loss to 1303 ½, this will lock in $5675 in profit

09/27/11  We are moving our stop loss to 1251 1/4 this will lock in $8287.50 in profit 

09/30/11 We are moving our stop loss to yesterdays low of 1209

10/4/11 We are moving our stop loss to just above today's high to 1191 1/4

10/6/11  Our stop loss was filled during the night session on 10/6/11 for a gross profit of $11,287.50 before commission and fees.  

Closed on 09/29/11

December Cotton  Is in a narrow-sideways-channel (09/28/11)  Bracket this market with a buy on a break of 102.45 and a sell of 98.90

09/29/11  We were filled short  and were stopped stopped out in one trading session for a Loss of $1,775.

It Expanded the rage and is still in a channel, but we are going to give it a little time.

Closed on 09/28/11

March Sugar  Made a new #1 top point at 3021 the high on 8/22/11. 50% @ 2312

08/29/11  Made a new #1 top point at 3060 the high on 8/24/11and a possible #2 point at 2791 the low on 8/25/11. 50% @ 2342

09/01/11 Made a possible #3 point at 2935 the high on 8/30/11. We are placing an order to go short on a break below the #2 point.

09/06/11 We are short this market from 2787.

09/12/11 We are moving our stop loss to 2862  

09/19/11 We are moving our stop loss to 2732

09/25/11 We are moving our stop loss to 2512, this will lock in $3080 in profit  

09/28/11  Our stop loss was filled on 9/28/11 for a gross profit of $3080.00 before commission and fees.  

Closed on 09/27/11

December Corn  Made a new #1 top point at 788 ½  the high on 8/22/11. 50% @ 581 ½

08/29/11  Made a new #1 top point at 779 the high on 8/29/11. 50% @ 609 ½

09/06/11  Made a #2 point at 737 ½  the low on 9/1/11.

09/07/11   Made a possible #3 point at 765  the low on 9/7/11. We are placing an order to sell on a break below the #2 point.

09/08/11   We are now short this market from 736 ¼.

09/19/11 We are moving out stop loss to 708 ½

09/25/11 We are moving out stop loss to 661 ¾, this will lock in $3725 in profit

09/27/11  Our stop loss was filled on 9/27/11 for a gross profit of $3725.00 before commission and fees.  

 

Closed on 09/22/11

November Feeder Cattle  We are bracketing this market with a buy stop at 134.87 and a sell stop at 131.90. Both orders are STC so that which ever order is filled the other will automatically become our stop loss order.  9/1/11

09/02/11  We are now long this market from 134.92.

09/12/11 We are moving our stop loss up to 134.35  

09/14/11  We are moving our stop loss up to 137.25  

09/19/11 We are moving our stop loss up to 137.65

09/23/11  Our stop loss was filled on 9/22/11 for a gross profit of $1365.00 before commission and fees.  

Closed on 09/19/11

December Cotton  We are bracketing this market with a buy stop at 109.10 and a sell stop at 101.65. Both orders are STC so that which ever order is filled the other will automatically become our stop loss order. This market has several days of resistance around the 109 level so we are waiting to go long until it breaks that resistance.08/29/11

09/07/11  We are now long this market from 109.10

 

09/14/11  We are moving our stop loss up to 109.50

09/19/11 We were stopped out of this trade today for a gross profit of $150.00 before commission and fees

 

Closed on 08/24/11 and 09/6/11

September KC Wheat  Has a #1 bottom point at 695 ¼ the low on 7/1/11, the #2 point is 745 ¼ the high on 7/5/11 and the #3 point is 704 the low on 7/11/11. Place an order to buy on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 858

07/13/11 We were filled long this market at 746 ¾ (7/13/11)

07/25/11 We are moving our stop loss to 747 ¼ (7/25/11)  

08/01/11 We still currently long this market; the market has moved into a narrow sideways channel, if you are not currently in the market bracket with a buy on a break above 800 and a sell on a break below 758 ¼. Place both orders GTC so that which ever order is filled the other will automatically become your stop loss.  

08/15/11 We are still long this market, we are moving our stop loss up to 779 ¼

08/22/11   We are still long this market, we are moving our stop loss up to 788 ½    

****Rolling Contract****

08/24/11 We are rolled out of our September contract on the open  into the December contract. We exited September at 839 ¾ for a gross profit of $4650.00 we are now long December from 863 our initial stop loss is 814 ¼

08/24/11 December KC Wheat  We are now long December from 863 our initial stop loss is 814 ¼ 

08/29/11 We are moving our stop loss up to 838 ¾

08/30/11  We are moving our stop loss up to 863 ¼

09/06/11 Our stop loss was filled at 863 ¼ (9/6/11) for a gross profit of $12.50 before commission and fees  

Closed on 08/9/11

October Sugar Has a #1 top point at 3168 the high on 7/25/11. 50% @ 2384

07/28/11   Is trading in a narrow channel the top of the range is 3168 and the bottom of the range is 3027. We are bracketing this market, place both order GTC so that which ever order is filled the other will become your stop loss.

 07/28/11  We were filled on our sell order this afternoon at 3027.

 08/01/11   We were filled short this market last week. It currently has a #1 top point at 3168 and a possible #2 point at 2890 the low on 8/1/11.  

08/08/11  We are still short this market we are moving our stop loss to 2715 (8/8/11)

08/09/11   We were stopped out of this market today for a gross profit of $3494.40 before commission and fees

 

Closed on 08/9/11

December Soymeal  Has a #1 top point at 371.50 the high on 7/19/11 and a possible #2 point at 361.10 the low on 7/25/11. 50% @ 322.30

07/27/11 Has a possible #3 point at 369.10 the high on7/27/11. We are placing an order to sell on a break below the #2 point.

07/29/11 We were filled short this market at 361.10 this afternoon 7/29/11. 

08/03/11   We are still short this market, we are moving our stop loss to 365.70

08/08/11  We are still short this market, we are moving our stop loss to 347.10

08/09/11   We were stopped out of this trade today for a gross profit of $1400.00

Closed on 08/4/11

September Silver  Is trading in a narrow sideways channel the top of the range is 4088 and the bottom of the range is 3821.5. We are bracketing this market with a GTC buy stop on a break above the range and a GTC sell stop just below the range. Which ever order is filled the other will automatically become our stop loss.

  07/25/11  We were filled on our buy stop at 4088(7/25/11) Placing our stop at 3821.5

08/02/11 We are still long this market, we are moving our stop loss to 4085, we will move it again if the market breaks above the 4200 level.

08/03/11 We are still long this market, we are moving our stop loss to 4188

08/04/11 We were stopped out of this trade this afternoon for a gross profit of $5000.00 before commission and fees.

 

Closed on 08/4/11

October Cotton  Is trading in a narrow sideways channel the top of the range is 102.40 and the bottom of the range is 9646. We are bracketing this market with a GTC buy stop on a break above the range and a GTC sell stop just below the range. Which ever order is filled the other will automatically become our stop loss.

  07/25/11  Our sell stop was triggered at 9646 (7/25/11)

07/26/11  We are turning our stop loss into a stop reverse order so that if it is filled we will be long on position.

07/27/11 Our stop reverse was triggered today at 102.40. We are now long one contract from that point.

08/03/11   We are still long this market, we are moving our stop loss up to 104.35. This market has not quite made up it’s mind which direction it is heading, we are going to lock in a small profit and look to get in after the market makes a stronger trend.

08/04/11  We were stopped out today with a gross profit of $975.00 before commission and fees.

Closed on 08/4/11

December Wheat  Is trading in a narrow sideways channel the top of the range is 754 ¾ and the bottom of the range is 706. Bracket this market with a buy stop on a break above the range and a sell stop on a break below the range. Place both orders GTC so that which ever order is filled the other will become your stop loss order.

08/02/11   We were filled long on the market today at 756 ½, this market had a huge range today the market tested the bottom of the channel early in the session before roaring to the upside right before the end of the trading day. We will be moving our stop to protect ourselves in the event this was a false breakout.

08/03/11   We are still long this market, we are moving our stop loss to 741 ¼ (8/3/11)

08/04/11   We were stopped out today for a gross loss of $760.00 before commission and fees

 

Closed on 08/3/11

September Feeder Cattle  Is trading in a narrow channel. The top of the range is 138.625 and the bottom is 135.0. We are bracketing this market with a GTC buy stop on a break above the range and a GTC sell stop just below the range. Which ever order is filled the other will automatically become our stop loss.

  07/26/11  Our buy stop order was filled today at 138.625 our current stop loss if just below the support of 135.00.

08/01/11 Nothing New  

08/02/11  We are still long this market, we are moving our stop loss up to almost break even at 138.42 (8/2/11)

08/03/11 We were stopped out of this trade today at 138.42 for a loss of $100.00 before commission and fees

 

 

Closed on 07/26/11

August Feeder Cattle   We are placing an order to go short this market this morning on a break below 141.45. Because this market is trading at an all time high we want to have an order to go short on a break below the support level just in case it does not make a tradable formation. 50% @ 129.36

07/13/11 We were filled short on our order this afternoon at 141.32.

07/18/11  We moving our stop loss to 138.12 to lock in some of our profits.

07/25/11  We moving our stop loss to 136.725  

  07/26/11  Our stop order was filled today at 136.725 for a gross profit of $2297.50 before commission and fees  

 

 

 

Closed on 07/21/11

September Wheat  Has a #1 bottom point at 592 the low on 7/1/11 and a #2 point at 657 ½ the high on 7/8/11 and a possible #3 point at 626 ¼ the low on 7/11/11. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 781 ¾

07/18/11  We are moving our stop loss to 673 ½ (7/18/11)

07/21/11  Our stop loss was hit on 7/21/00 we were stopped out at 673 ½ for a gross profit of  $550.00 before commission and fees. We are looking for another opportunity to enter this market.

 

 

Closed on 07/14/11

October Sugar   Is trading in a pennant; we are bracketing this market with a buy stop at 2205 and a sell stop at 2065. Both orders are GTC so that which ever order is filled first the other will become our stop loss. The daily 50% on this market is 2155, which is right in the middle of our formation.   (updated on 5/17/11 on client page)

05/18/11  We were filled long this market at 2205 on 5/18/11

 05/25/11 We moved our stop to 21.29 (5/25/11)

06/01/11  We moved our stop to 2217 (6/01/11)  

06/07/11 Our stop is still working at 2309

06/27/11  We moved our stop loss to 2509

06/28/11  We moved our stop loss to 2627  

07/11/11  We moved our stop loss to 2825 (7/11/11) This market has a new #1 top point at 2974 the high on 7/8/11 50% @ 2278  

07/11/11  We were stopped out of this trade at 2986 (7/14/11) for a gross profit of $8747.20 before commission and fees. 

 

 

Closed on 06/29/11

 September Corn   Made a new #1 top point at 729 ¾ 5/23/11. 50% @ 554 ½ 

05/25/11  We are braketing this market with a buy stop at 730 ½ and a sell stop at 697 ¾ . Which ever order is filled the other automatically become our stop loss.

 06/02/11  We were filled on our buy stop today at 736  

***Stop Reverse***

06/07/11 We are moving our stop loss to 707 ¾ and adding an additional contract to the order so that when it is filled we will then be short 1 position.

            This market also currently has a #1 top point at 744 ½ the high on 6/3/11 and a possible #2 point at 709 ¾ the low on 6/6/11. 50% @ 561 ¾  

06/09/11  We moved our stop reverse to 729 ½

06/10/11  We moved our stop reverse to 744 ¼ 

06/14/11  We were filled on our stop reverse today at 741 ¾  our stop loss is currently working at 766 ¼  for a gross profit of $287.50 before commission and fees

06/21/11 We moved our stop to 709 ¼

06/27/11 We moved our stop to 683 ½

06/29/11  We were stopped out of this trade at 683 ½ for a gross profit of $2912.50 before commission and fees.  

 

Closed on 06/22/11

August Live Cattle  We are bracketing this market with a buy stop order at 106.25 and a sell stop at 103.375 both orders are working GTC so that which ever order is filled the other will become our stop loss order

06/01/11 We were filled on our sell stop at 103.35 (6/1/11)  

06/07/11 We currently have our stop loss working at 106.225, we are turning that order into a stop reverse, so that if it is filled we will then be long 1 contract

06/09/11  We were filled on our stop reverse order today at 106.225. We are now stopped out of our short position with a gross loss of  $1150.00 and are now long this market from 106.225.

06/16/11  moved our stop loss to 104.90 (6/16/11)

06/17/11 We moved our stop loss to 108.25 (6/17/11)

06/20/11  We moved our stop loss to 110.675 (6/20/11)

06/21/11  We moved our stop loss to 111.475 (6/21/11)

06/22/11  We were stopped out of this trade today at 111.475 for a gross profit of $2100.00 before commission and fees  

 

 

Closed on 06/10/11

August Soybeans  We are braketing this market with a buy stop at 1387 ¼  and a sell stop at 1356 ¾  . Which ever order is filled the other automatically become our stop loss.

05/26/11  We were filled on our buy stop order at 1387 ¼ today (5/26/11)

06/07/11 We are moving our stop loss to 1873 ¼ (6/7/11)  

06/10/11   We were stopped out of the position today at 1373 ¼ for a gross loss of $700.00 before commission and fees.  

 

 

Closed on 06/02/11  

  August Soymeal  We are braketing this market with a buy stop at 365.20  and a sell stop at 356.70  . Which ever order is filled the other automatically become our stop loss.

05/27/11 We were filled on our sell stop order at 356.7 today (5/27/11)

06/02/11  We were stopped out of this market tdoay at 365.2 for a gross loss of  $850.00 plus commission and fees.  

Closed on 06/01/11 

September Silver  We are braketing this market with a buy stop at 3627.5  and a sell stop at 3392. Which ever order is filled the other automatically become our stop loss.

05/25/11   We were filled on our buy stop at 3625.8 last night (5/24/11)

05/31/11  We moved our stop loss to 3812 (5/31/11)

06/01/11  We were filled today on our sell stop at 3812 for a gross profit of $9310.00 before commission and fees.  

 

Closed on 05/27/11

August Lean Hogs  Is trading in a narrow sideways channel, we are bracketing this market with a buy stop at 9545 and a sell stop at 9322.5. Both orders are GTC so that which ever order is filled first the other will become our stop loss (updated on 5/17/11 on client page)

05/18/11  We got filled @ 9322 5/1811 placing our initial stop @ 9545

05/23/11  We are moving our stop loss to 9335 5/23/11

05/24/11  We moved our stop to 90.60 (5/24/11)

05/25/11 We moved our stop to 90.125 (5/25/11)

05/27/11 We were filled on our stop loss today at 90.125 for a gross profit of  $1240.00 before commission and fees.

 

Closed on 05/27/11 

June Lean Hogs  Has a new #1 top point at 102.675 the high on 3/25/11. 50% @ 88.58

04/04/11 Has a new #1 top point at 104.35 the high on 4/04/11. 50% @ 89.70

04/11/11  Has a possible #2 point at 99.525 the low on 4/7/11. 50% @ 89.70

04/25/11  Has a #2 point at 98.90 the low on 4/12/11 and a #3 point at 103.00. We were filled short this market at 98.65 on 4/25/11 50% @ 89.70

05/02/11  We are still short this market we are moving out stop loss to 96.70 (5/2/11)

05/09/11  We are still short this market we are moving out stop loss to 93.35 (5/9/11) We are also, placing a second buy order at this level. When filled we will be out of our short position and long a new one. 

Stop Reverse 

05/10/11  We were stopped out of this market at 9335 on 5/10/11 for a gross profit of $1340.00 before commissions and fees. We are now long one contract from the same price our stop loss is currently working at 92.475.

05/17/11  We moved our stop loss on our long position to our entry price of 9335  

05/20/11  We were stopped out of the position at 9335 on 5/17/11 for a gross profit to Breakeven 

05/24/11  We moved our stop to 90.60 (5/24/11)

05/25/11 We moved our stop to 90.125 (5/25/11)

05/27/11 We were filled on our stop loss today at 90.125 for a gross profit of  $1240.00 before commission and fees.

Closed on 05/24/11  

August Live Cattle  Made a new #1 top point at 119.275 the high on 3/25/11. New 50% @ 104.987

04/04/11 Has a new #1 top point at 122.90 the high on 4/04/11. 50% @ 106.80

04/11/11  Has a #2 point at 118.22 the low 4/11/11. 50% @ 106.80  

04/25/11  Has a #2 point at 116.37 the low on 4/18/11 and a #3 point at 119.00 the high on 4/20/11. We were filled short this market at 116.20 on 4/25/11. 50% @ 106.80

05/02/11  We are still short this market we are moving out stop loss to 117.10 (5/2/11)

05/09/11  We are still short this market we are moving out stop loss to 112.375 (5/9/11)

05/16/11We are still short this market we are keeping our stop loss at 112.375 and adding a second buy order at that price.  

05/17/11  We canceled our reverse order on this market today when the trend broke below the support of  the most recent consolidation. We also moved our current stop loss to 111.05  

05/23/11  We moved our stop loss to 105.075 (5/23/11)  

05/24/11  We moved our stop to 104.125 (5/24/11)

05/24/11  We were stopped out of this market today at 104.125 for a gross profit of $4830.00 before commission and fees

 

Closed on 05/23/11  

July Beanoil  Has a 1-2-3top formation the #1 point is 6100 the high on 4/11/11, the #2 point is 56.95 the low on 4/18/11 and the #3 point is 59.44 the high on 4/20/11. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point.   50% @ 49.48

05/02/11  We filled short this market at 56.76 on 4/28/11.

05/09/11  Nothing New

05/16/11  We moved our stop loss to 5727 (5/13/11)  

05/23/11  We were stopped out of this market at 5727 on 5/18/11 for a gross loss of $330.00 before commission and fees.

 

 

Closed on 05/23/11  

July Corn  Has a #1 top point at 771 ½  the high on 4/04/11. 50% @ 573

04/11/11  Has a #1 top point at 788 ¾   the high on 4/11/11. 50% @ 581 ¾

04/25/11  Has a #2 point at 736 the low on 4/21/11 and a possible #3 point at 771 ¼ the high on 4/25/11.   50% @ 581 ¾

05/02/11  We are going to trade this market as a wedge instead of a 1-2-3-top because we missed our entry on the #2 point. We are placing an order to go short on a break below 725 and an order to go long on a break above 770.

05/09/11  We were filled short this market at 724 ¼ on 5/3/11, our stop is currently working at 761 ¾. 

05/16/11  We moved our stop loss to 725 1/2  

05/17/11  We do not like the way corn bounced off of the 6-month 50% level of 660 and is threatening to reverse the trend so we are moving our stop loss to 712 ¼ or MOC today (5/17/11). That means if our new stop loss is not filled during the day trading system, we will exit our position at the close of today’s pit session.  

05/23/11  We were stopped out of this trade on 5/17/11 at 712 ¼ for a gross profit of $600.00 before commission and fees

 

Closed on 05/20/11  

June Lean Hogs  Has a new #1 top point at 102.675 the high on 3/25/11. 50% @ 88.58

04/04/11 Has a new #1 top point at 104.35 the high on 4/04/11. 50% @ 89.70

04/11/11  Has a possible #2 point at 99.525 the low on 4/7/11. 50% @ 89.70

04/25/11  Has a #2 point at 98.90 the low on 4/12/11 and a #3 point at 103.00. We were filled short this market at 98.65 on 4/25/11 50% @ 89.70

05/02/11  We are still short this market we are moving out stop loss to 96.70 (5/2/11)

05/09/11  We are still short this market we are moving out stop loss to 93.35 (5/9/11) We are also, placing a second buy order at this level. When filled we will be out of our short position and long a new one. 

Stop Reverse 

05/10/11  We were stopped out of this market at 9335 on 5/10/11 for a gross profit of $1340.00 before commissions and fees. We are now long one contract from the same price our stop loss is currently working at 92.475.

05/17/11  We moved our stop loss on our long position to our entry price of 9335  

05/20/11  We were stopped out of the position at 9335 on 5/17/11 for a gross profit to Breakeven

 

Closed on 05/16/11  

May Feeder Cattle  Has a new #1 top point at 134.45 the high on 2/28/11. 50% @ 120.975

02/28/11  Has a new #1 top point at 134.45 the high on 2/28/11. 50% @ 120.975

03/14/11  Has a new #1 top point at 136.875 the high on 3/9/11. 50% @ 122.18

03/21/11  Has a #2 point at 128.40 the low on 3/17/11 and a possible #3 point at 132.60 the high on 3/21/11. 50% @ 122.18  

03/28/11  Has a new #1 top point at 137.075 the high on 3/25/11. 50% @ 122.875  

04/04/11 Has a new #1 top at 139.75 the high on 4/4/11. 50% @ 123.625  

04/11/11  Has a #2 point at 135.55 the low 4/11/11. 50% @ 123.625  

04/25/11  Has a #2 point at 132.22 the low on 4/13/11 and a #3 point at 135.50 the high on 4/20/11. We were filled short this market at 131.775 on 4/25/11. 50% @ 123.625  

05/02/11  We are still short this market we are moving out stop loss to 132.75 (5/2/11)  

05/09/11 We are still short this market we are moving out stop loss to 130.05 (5/9/11)

05/16/11 We decided to exit this market MOC on 5/13/11 because we are getting close to the end of the contract. We were filled at 128.70 for a gross profit of $1537.50 before commission and fees. We will look to enter the August contract  

 

Closed on 05/16/11  

July Sugar  Is currently has an inclining wedge place a buy stop on a break over 2600 and a sell stop just below the 2450.

04/04/11 We were filled short this market at 2435 on 3/30/11. We placed our initial stop loss at 2612 which has not been hit yet, but the market is acting like it will try and break the 2600 level in the next few days.

04/11/11  Well we are still in the market, I thought for sure we were going to be stopped out. We are keeping are stop loss put until the market breaks back down below the support level.

04/25/11  We moved out stop loss to 2407 on 4/25/11.  

04/28/11 Sugar market is down 77 this morning so we are going to lock in a hundred points of profit and move our stop to 2335

05/02/11  We are still short this market we are moving out stop loss to 2230 (5/2/11)

05/09/11  We were stopped out of the market at 2230 on 5/3/11 for a gross profit of $2296.00 before commission and fees

 

 

Closed on 05/02/11 

March Cotton  Has a #1 top point at159.12 the high on 12/21/10 and a possible #2 point at 137.55 the low on 12/30/10. 50% @ 115.32

You could also look to go long this market on a break above the resistance of 146.84, if the market breaks that point look for it to test the #1 point

01/11/11  Has a #1 top point at159.12 the high on 12/21/10.It has begun to trade in a trading range between 149 and 137.5, bracket this market and wait for a break of this pattern before entering. 50% @ 115.32

01/18/11 Has a #3 point at 152.25 the high on 1/12/11. 50% @ 115.32

Switched to May 

01/24/11 Has a new #1 top point at 156.27. 50% @ 114.25  

01/31/11 Has a new #1 top point at 165.33 the high on 1/31/11. 50% @118.78   % R @ 93

02/8/11  Has a new #1 top point at 176 the high on 2/3/11 a #2 point at 161.75 the low on 2/7/11. 50% @125.11   % R @ 93  

02/15/11  Has a new #1 top point at189.40 the high on 2/11/11. 50% @131.81

02/28/11  Has a #1 208.93 the high on 2/18/11 and a #2 point at 175.13 the low on 2/25/11. 50% @ 141.57 this market has been extremely volatile so we are really waiting on some consolidation.  

03/14/11  Has a new #1 top point at 219.70 the high on 3/7/11 and a possible #2 point at 196.60 the low on 3/11/11. 50% @ 146.96  

03/21/11  Has a #2 point at 182.00 the low on 3/17/11 and a possible #3 point at 204.88 the high on 3/21/11. 50% @ 146.96  

Switched to July

03/28/11  Has a 1-2-3-top formation the #1 point is 209.97 the high on 3/7/11 the #2 point is 175.15 the low on 3/16/11 and the #3 point is 203.25 the high on 3/25/11. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 142.42

04/04/11 Nothing New. 50% @ 142.42

04/11/11  Nothing New. 50% @ 142.42  

04/25/11  We were filled short this market at 174.90 on 4/18/11 our stop loss is currently working at 180.20. 50% @ 142.42

**** Market is moving fast so we wanted to post a mid-week update****

04/27/11 Cotton is currently at 154.90 it has been moving fast in our favor so we want to protect our profits to just above this mornings high at 160.53

04/28/11 We are tightening it up again after another big day to the down side.  We are going to move our stop to 150.40 Just above yesterdays low.

05/02/11  We were stopped out of this trade at 150.40 on 4/28/11 for a gross profit of $12,250 before commission and fees.

 

Closed on 05/02/11  

June Euro Currency  Has a #1 top point at 142.29 the high on 3/22/11 and a possible #2 point at 140.00 the low on 3/28/11. 50% @ 131.02

You could also trade this market at a Declining Wedge

04/04/11 Has a #1 top point at 142.49 the high on 4/04/11. 50% @ 131.12.

We were filled long this market  ( with the wedge formation) at 141.07 on 3/31/11 our stop loss is currently at 141.17

04/11/11  Has We moved our stop loss today to 143.92 (4/11/11) to lock in just over $3500 in profits

            June Euro also has a new #1 top point at 144.68 the high on 4/8/11. 50% @ 131.22

04/25/11  We moved our stop loss today to 144.75 (4/25/11) 

04/28/11  After a couple of big days up we are going to protect the majority of our profits and  move our stop loss today to 147.75 (4/25/11)  

05/0211  We were stopped out of this market today (5/2/11) at 147.75 for a gross profit of $8350.00 before commission and fees  

 

Closed on 04/25/11  

July Oats   Are currently in a  Bear Flag formation, place a buy stop on a break above 365 and a sell stop on a break below 353

04/04/11 We were filled long this market on 3/31/11 at 378 our initial stop loss was placed at 359 ¾ on 3/31/11. The USDA released the crop intentions on 3/31/11, so we were filled much higher than we were hoping for. That is the danger of trading on report days; our fill is the high on the day which hit in the opening range. We are moving our stop to 378 ¾ to limit our losses, we will continue to move our stops as the markets move in our direction.

04/11/11  We moved our stop loss just below today’s low of 397 ½ (4/11/11)

04/25/11  We were stopped out of this market at 397 on 4/12/11 for a gross profit of $950.00 before commission and fees

 

 

Closed on 04/11/11 

June Dollar Index  Has a #1 bottom point at 75.505 the low on 3/22/11 and a possible #2 point at 76.695 the high on 3/28/11. 50% @ 8148.

You could also trade this market as an Inclining Wedge

04/04/11 We were filled long this market at 76.725 on 3/31/11 Our stop loss is currently working below the #1 point at 75.475. 50% @ 8148.

04/11/11  We were stopped out of this market at75.45 on 4/8/11 for a gross loss of $1275.00 before commission and fees.  

 

Closed on 04/11/11  

July Wheat  Currently has a Bear Flag formation, place a buy stop order on a break above 790 and a sell stop on a break below 750.

04/04/11 We were filled long this market at 795 on 3/31/11. The USDA released the crop intentions on 3/31/11, so we were filled at the high of the first 15 minutes. That is the danger of trading on report days, you normally get a terrible fill. We have been trailing our stop loss up with the market and currently (4/4/44) have it working at 819 ¾   

04/11/11  We were stopped out of this market at 819 ¾ on 4/5/11 for a gross profit of $1237.50 before commission and fees.  

 

Closed on 04/11/11

June Gold Has a #1 top point at 1447.20 the high on 3/7/11 the #2 point is 1404.5 the low on 3/10/11 and the possible #3 point is 1434.4 the high on 3/14/11. 50% @ 1271.80

03/21/11  We were filled short this market at 1397 on 3/15/11 our stop loss is currently working above the #1 point. 50% @ 1271.80  

03/28/11  We are still currently short this market, as most of you know we never place our orders right at 50 or 100’s. So our stop loss above the #1 @ 1453.50  is still holding steady, although we are not comfortable with the volatility of this position, we will keep our stop above the 1450 range for the time being as 50 and 100’s tend to be psychological support and resistance levels. If the market starts to trend back in our favor we will be moving the stop almost daily to limit or exposure. 

If you missed the first formation June Gold has a new #1 top point at 1450 the high on 3/24/11 and a possible #2 point at 1411.50 the low on 3/28/11. 50% @ 1282  

04/04/11  Has a #2 point at 1433.30 the low on 3/28/11 and a #3 point at 1441 the high on 3/31/11. Place an order to sell or go short on a break below #2 point with your initial stop loss above the #1 or #3 point. 50% @ 1282

*since we are already short this market we will not be placing an additional order. We have our current stop loss at 1453.30

04/11/11  

Has a #1 top point at 1478 the high on 4/11/11. 50% @ 1311.3

We were stopped out of a short position at 1450 for a gross loss of  $5300.00 before commission and fees.  

 

Closed on 04/01/11  

July Soybeans  Are currently trading in a Bear Flag formation. Place a buy order on a break above 1380 and a sell order on a break below 1350

04/04/11 We were filled long this market at 1382 on 3/31/11. The USDA released the crop intentions on 3/31/11, so we were lucky to get a filled in the overnight session in soybeans. The market traded limit up on the 31st so we placed an order to get out Market on Open for the 1st.  We liquidated at 1422 on 4/1/11 for a gross profit of $2000.00 before commission and fees  

 

Closed on 04/01/11  

July Cocoa  Is currently trading in a Pennant formation, place a buy stop on a break above 3300 and a sell stop on a break below 3200.

04/04/11 We were filled short this market on 3/29/11 at 3177 we placed our initial stop loss at 3062 on 3/30/11. After the close on 3/31/11 we tightened our stop to 3022 and were stopped out on 4/1/11 at 3045 for a gross profit of $1320.00 before commission and fees.  

Closed on 03/31/11

July Soymeal  Is currently in a Declining Wedge pattern, place a buy stop on a break of 368 and a sell stop on a break below 360.

04/04/11 We were filled filled short this market at 358.6 on 3/29/11 on a false break out prior to the USDA report which was released on 3/31/11. We placed our initial stop loss at 368.10 and were filled on it at 368.10 on 3/31/11 for a gross loss of $960.00 before commission and fees

 

Closed on 03/28/11

May Silver  Has a 1-2-3-top formation the #1 point is 3674.50 the high on 3/7/11 the #2 point is 3405.5 the low on 3/11/11 and the possible #3 point is 3650.5 the high on 3/14/11. Place an order to go short on  a break below the #2 point. 50% @ 2673.50  

03/21/11  We were filled short a second position at 3395 on 3/15/11 when the market broke below the #2 point our stop loss is currently working above the #1 point with our other position.  

03/28/11  We were stopped out of this trade for a loss of $13,650 before commission and fees. Well that one hurt a bit, but since we have had such great profits so far this year in the silver market we won’t whine about giving a little back.  

 

 

Closed on 03/22/11  

May Orange Juice Made a new #1 top point at 182.00 the high on 2/24/11 and a possible #2 point at 173.30 the low on 2/28/11. 50% @ 159.25

03/14/11  We were filled short this market on 3/11/11 at 171.77. We don't trust the way the market got us into this trade "to far to fast"  so we are placing our stop just above our fill at 172.00   50% @ 159.25  

03/21/11  We moved our stop loss down to 163.30 on 3/21/11. This 50% was reached on 3/21/11.

03/28/11  We moved our stop loss down to 159.25 on 3/22/11 and that order was triggered on 3/23/11. We were stopped out at 160.00 for a gross profit of $1765.50 before commission and fees. This 50% was reached on 3/21/11.  

 

 

Closed on 03/21/11 

May Wheat  Has a #1 top at 864 ½  the high on 1/24/11. 50% @ 693 ¼ 

01/31/11  Has a #1 top at 891  the high on 1/27/11 and a #2 point at 853 the low on 1/31/11. 50% @ 706 ½   %R @ 81

02/8/11  Has a #1 top at 911 ¾  the high on 2/8/11. 50% @ 719 ¾    %R @ 98

02/15/11  Has a #1 top at 925 ½ the high on 2/9/11 and a possible #2 point at 863 the low on 2/15/11. 50% @ 723 ¾  

02/28/11  Has a #2 point at 857 ½ the low on 2/16/11 and a #3 point at 885 ¼ the high on 2/17/11 and2/18/11. 50% @ 723 ¾ 

03/14/11  We were filled short this market on 2/22/11 at 848 ¼ our stop loss is currently at 767 ¾ . 50% @ 723 ¾    

03/21/11  We were stopped out of this trade at 704 ¼ on at 3/17/11 for a gross profit of $7200.00 before commission and fees

 

Closed on 03/21/11  

March Sugar  Has a #1 top point at 3477 the high on 12/29/10 the #2 point is 2950 the low on 12/30/10 and the #3 point is 3335 the high on 1/12/11. Place an order to sell on a break below the #2 point with you initial stop loss just above the resistance of the #1 or #3 point. 50% @ 2466

01/31/11  Has a #1 top point at 3154 the high on 1/28/11.   50% @ 2302    % R @ 98

02/8/11  Has a #1 top point at 3154 the high on 1/28/11 and a possible #2 point at 2906 the low on 2/8/11.   50% @ 2380  % R @ 32  

02/15/11  Has a #3 point at 3110 the high on 2/10/11.   50% @ 2380   

02/28/11  Has a #2 point at 2973 the low on 2/9/11 and a #3 point at 3110 the high on 2/10/11. 

We were filled short on this market at 2968 on 2/14/11 our stop loss is currently above the #3 point. 50% @ 2380

03/14/11  Nothing new on this trade our stop loss is still at 3119. 50% @ 2380  

03/21/11  We were stopped out of this trade at 2705 on 3/18/11 for a gross profit of $2945.60 before commission and fees  

 

Closed on 03/21/11  

May Corn  Has a #1 top at  677 the high on 1/21/11. 50% @ 521 ¾  

01/31/11  Has a #2 point at 649 ½ the low on 1/25/11 and #3 point at 672 ¼ the high on 1/26/11. 50% @ 521 ¾

02/8/11  Has a #1 point at 693 ¼ the high on 2/7/11. 50% @ 529 ¾   %R @ 86

02/15/11  Has a #1 point at 721 the high on 2/14/11. 50% @ 543 ¾  

02/28/11  The pit traded corn made a new high today @ 731 ½ .  We are going to use the pit traded chart for this formation because the electronic market was so volatile in the night session that it made a #1 and a #2 in two days with a 77 cent span.

03/14/11  We were filled short this market at 665 ½ on 3/11/11. 50% @ 555 ½  If you are not yet short this market and are looking for a good place to enter or possibly add to your current position, look for a break of the 650 support level  

03/21/11  We were stopped out of this market at 656 on 3/18/11 for a gross profit of $475.00 before commission and fees  

 

Closed on 03/21/11  

April Lean Hogs  Has a #1 top point 87.425 the high on 1/18/11. 50% @ 78.66

01/24/11  Has a #1 top point 87.90 the high on 1/21/11 the #2 point is 85.875 the low on 1/24/11. 50% @ 78.90.

01/31/11  Has a #1 top point 94.55 the high on 1/31/11.   50% @ 82.22   %R @ 89  

02/8/11  Has a #2 point at 9050 the low on 2/3/11 and a #3 point at 9235 the high on 2/7/11. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point.   50% @ 82.22   %R @ 70

02/15/11  Has a #3 point at 94.075 the high on 2/10/11.   50% @ 82.22   

02/28/11  Has a 1-2-3-top formation the #1 point is 95.00 the high on 2/16/11 the #2 point is 9102.5 the low on 2/17/11 and the #3 point is 9395 the high on 2/22/11. 50% @ 8250

03/14/11  We were filled short this market on 2/23/11 at 9092.5 our stop loss is currently at 9067.50. 50% @ 82.50  

03/21/11  We were stopped out of this market at 8642.5 on 3/17/11 for a gross profit of $1800.00 before commission and fees  

 

Closed on 03/21/11  

May Soybeans  Have a new #1 top point at 1462 ½ the high on 2/3/11 and a possible #2 point at 1425 ½ the low on 2/8/11.  50% @ 1186 ¼   % R @ 82

02/15/11  New #1 top point at 1467 ½ the high on 2/9/11 and a possible #2 point at 1378 the low on 2/15/11. 50% @ 1188 ¾  

02/28/11  Has a #2 point at 1370  the low on 2/16/11 and a #3 point at 1421 ¼  the high on 2/18/11.. 50% @ 1188 ¾ 

03/14/11  We were filled short this market on 2/22/11 at 1366 ¾ our stop loss is currently at 1427 ¼ . 50% @ 1188 ¾  

03/21/11  We were stopped out of this trade at 1312.50 on 3/17/11 for a gross profit of $2712.50 before commission and fees  

 

Closed on 03/21/11  

May Canola   Has a #1 top point at 628.4 the high on 2/9/11 and a possible #2 point at 580.4 the low on 2/15/11    50% @ 504.3  

02/28/11  Has a #2 point at 574.5 the low on 2/16/11 and a #3 point at 599 the high on 2/17/11. s50% @ 504.30

03/14/11  We were filled short this market on 2/22/11 at 573.20 our stop loss is currently at 578.30. 50% @ 504.30

03/21/11  We were stopped out of this trade at 542.10 on 3/17/11 for a gross profit of $622.00 before commission and fees  

 

Closed on 03/17/11  

 

December Bean Oil  Has a new #1 top point at 4413 the high on 9/23/10  50% @ 3957 

09/27/10  Made a new #1 top point at 4545 the high on 9/27/10. 50% @ 4023  

09/28/10  Made a double top at 4545  

Switched to March

10/30/10  Made a possible #3 point at 4510 the high on 9/30/10

10/04/10  Made a possible new #2 point at 4310 the low on 10/4/10

10/11/10  Made a new #1 top point at 4764 the high on 10/11/10. New 50% @ 4212

10/19/10 Has a #1 top point at 4825 the high on 10/15/10 and a possible #2 point at 4690 the low on 10/19/10. New 50% @ 4242

10/26/10  Has a #1 top point at 5057 the high on 10/25/10. New 50% @ 4393

11/02/10 Has a #1 top point at 5060 the high on 10/28/10 and a possible #2 point at 4965 the low on 10/29/10. New 50% @ 4406

11/08/10 Has a #1 top point at 5353 the high on 11/08/10. New 50% @ 4541

11/16/10  Has a #1 top point at 5571 the high on 11/12/10 and a possible #2 point at 5063 the low on 11/16/10. New 50% @ 4541  

11/30/10  We are moving to the sideline on this market and will look for another opportunity to trade. 

Because we have been in such a long bull market we will be looking for both long and short opportunities.

12/13/10  Has a new #1 top point at 5596 the high on 12/13/10. New 50% @ 4664  

01/05/11  Has a new #1 top point at 5910 the high on 1/03/11. New 50% @ 4819  

01/11/11  Has a 1-2-3-top formation the #1 point is 5910 the high on 1/3/11 the #2 point is 5632 the low on 1/4/11 and the #3 point is 5850 the high on 1/6/11. To trade this market using the 1-2-3-formation you would place your sell stop just below a break of the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 4819

You could also trade this market as a pennant with a buy order just above 5850 and sell order just below support of 5667. Place both order GTC so that whichever is filled the other will become your stop loss.

01/18/11  Has a new #3 point at 5885 the high on 1/12/11. Place your sell stop on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 4819  

01/24/11  Is trading in a narrow sideways channel as well as a 1-2-3-top formation. #1 at 50.50 the high on 1/3/11 the #2 point is 5641 the low on 1/20/11 and the #3 point is 5892 the high on 1/24/11. 50% @ 4856

01/31/11  Has a 1-2-3-top formation the #1 point is 5950 the high on 1/3/11 the #2 point is 5591 the low on 1/26/11 and the #3 point is 5865 the high on 1/28/10. 50% @ 4856  %R @ 75  

Switched to May

02/8/11  Has a new #1 point at 6014 the high on 2/3/11 and a possible #2 point at 5861 the low on 2/8/11. 50% @ 4888  %R @ 77

02/15/11  Has a new #1 point at 6050 the high on 2/10/11 and a possible #2 point at 5686 the low on 2/15/11. 50% @ 4906  

02/28/11  Has a #2 point at 5743 the low on 2/16/11 and a #3 point at 5899 the high on 2/17/11. 50% @ 4906

03/14/11 We were filled short this market on 2/22/1 at 5628 our stop loss is currently at 5762.   50% @ 4906

03/21/11  We were stopped out of this trade at 5524 on 3/17/11 for a gross profit of $624.00 before commission and fees.  

 

 

Closed on 03/08/11  

December Silver  Has a new #1 top point at 20.18  the high on 9/8/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 1746

09/13/10  Has a new #1 top point at 20.27  the high on 9/13/10. Continue to watch for a complete 1-2-3-top formation.  New 50% @ 1750.75

09/21/10  Has a new #1 top point at 21.025  the high on 9/17/10 and a possible #2 point at 2051 the low on 9/21/10. Continue to watch for a complete 1-2-3-top formation.  New 50% @ 1791

09/23/10  Has new #1 top point at 2126.5  the high on 9/23/10.  New 50% @ 1800.5  

09/27/10  Has a new #1 top point at 2149  the high on 9/24/10.  New 50% @ 1808

09/27/10  Has a new #1 top point at 2164.50  the high on 9/27/10.  New 50% @ 1819

 09/28/10  Has a new #1 top point at 2180  the high on 9/28/10.  New 50% @ 1827

10/05/10  Has a new #1 top point at 2292  the high on 10/05/10.  New 50% @ 1882

10/11/10  Has a new #1 top point at 2367.5  the high on 10/11/10.  New 50% @ 1920

10/19/10 Has a #1 top point at 2495 the high on 10/14/10 and a possible #2 point at 2327 the low on 10/19/10. New 50% @ 1984.50

10/26/10 Has a #1 top point at 2495 the high on 10/14/10 a #2 point at 2284 the low on 10/22/10 and a possible #3 point at 2395 the high on 10/26/10. New 50% @ 1985.50

11/02/10  Has a #1 top point at 2505.50 the high on 11/01/10. New 50% @ 1990  

Switched to March

11/08/10  Has a #1 top point at 2775.5 the high on 11/08/10. New 50% @ 2134

11/16/10  Has a #1 top point at 2775 the high on 11/09/10 and a possible #2 point at 2505 the low on 11/16/10. New 50% @ 2214.25  

11/30/10  Has a #1 top point at 2775 the high on 11/09/10. While we are waiting for a top formation, we have decided to go long this market on a break above 2800. 50% @ 221425

12/13/10  We were filled long at 2812 on 12/1/10 our stop loss is currently at 2795  

01/05/11  We were filled long at 2812 on 12/1/10 our stop loss is currently at 2795. We are keeping things the same on this trade. You may want to consider this dip a buying opportunity

01/11/11  We still holding steady with our stop loss

01/18/11  We still holding our long term long position. The market has a #1 top point at 31.275 the high on 1/3/11 a #2 point at 28.325 the low on 1/7/11 and a #3 point at 29.845 the high on 1/12/11. 50% @ 23.070  

Reversal

01/24/11  We were stopped out of our long position at 2827 (1/14/11) when the market broke the #2 point of our top formation for a gross profit of $750.00. 

We are now short this market at 2827 with a stop loss at 2878. We will be trailing our stop loss at the highest point for the previous 3 trading sessions.  

Reversal

01/31/11  On 1/26/11 silver had a fade which is a very bullish signal so we tightened our stop loss and placed an order to go long at 2704. We were filled at 2704 which stopped out of our short position with a gross profit of $6150.00 before commission and fees and put us long 1 position from 2704 our stop loss is currently below the support of 2630 we are looking for an initial target level of 2878 which is the 50% of the down trend we just broke.

02/8/11  We are still long this market from 2704, we moved our stop loss today to 2958 just below support on the 15 minute intra-day chart. We will look to tighten our stop throughout the day to lock in our profits, the current stop loss locks in $12,700 in profits if we are filled right at our stop price.

02/15/11  We are still long this market from 2704, we our stop loss is still at 2958. We are looking to tighten the stop but still want to give the market some room. This market looks like it wants to try and break above the 3100 level.  

02/28/11  We are still long this market, we decided to move our stop loss up today to 33.33 to lock in more of our profits.

03/14/11  We moved our stop loss to 3559 on 3/8/11. We were stopped out on 3/10/11 at 3556.50 for a gross profit of $42,625.00 before commission and fees. This trade is a perfect example of the power of a mini contract some you might cringe at the thought of a mini but on this trade a mini silver would have a gross profit of $8525.00

 

Closed on 02/15/11  

March Feeder Cattle  Made a new #1 top point at 120.55 the high on 11/30/10. New 50% @ 112.875

12/13/10  Has a 1-2-3-top formation the #1 point is 120.55 the high on 11/30/10 the #2 point is 117.675 the low on 12/8/10 and a possible #3 point at 119.975 the high on 12/13/10. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 112.875

01/05/11  Has a #1 top point at 124.95 the high on 12/30/10 and a possible #2 point at 122 the low on 1/5/11. 50% @ 115.075

01/11/11  Has a #1 top point at 125.575 the high on 1/11/11. New 50% @ 115.38

01/18/11  Has a #1 top point at 130.025 the high on 1/18/11. New 50% @ 117.61  

01/24/11 Has a possible #2 point at 125.125 the low on 1/24/11. 50% @ 117.61

01/31/11 Has a #2 point at 124.525 the low on 1/25/11 and a possible #3 point at 128.575 the high on 1/31/11. Place an order to sell of go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point.    50% @ 117.61  %R @ 93  

02/8/11  We were filled short in this market at 124.375 on 2/7/11 our stop loss is currently above the #3 point. 50% @ 117.61  %R @ 21  

02/15/11  We were stopped out of this market at 128.675 (2/15/11) for a gross loss of $2150 before commission and fees  

 

Closed on 02/15/11  

December Australian Dollar  Has a new #1 top point at 9180  the high on 9/9/10 and a possible #2 point at 9103 the low on 9/10/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 8565

09/13/10 Has a new #1 top point at 9260  the high on 9/13/10. New 50% @ 8605

09/21/10  Has a new #1 top point at 9468  the high on 9/21/10. New 50% @ 8704

09/23/10  Has a new #1 top point at 9504  the high on 9/22/10 and a possible #2 point at 9375 the low on 9/23/10. New 50% @ 8727  

09/27/10  Has a new #1 top point at 9524  the high on 9/24/10. New 50% @ 8737

09/27/10  Has a new #1 top point at 9553  the high on 9/27/10. New 50% @ 8751

09/28/10  Has a new #1 top point at 9596  the high on 9/28/10.  

10/04/10 Has a new #1 top point at 9667  the high on 10/01/10. New 50% @ 8808

10/05/10  has a possible #2 point at 9496 the low on 10/5/10  

10/11/10  Made a new #1 top point at 9841 the high on 10/7/10. New 50% @ 8895  

10/19/10  Has a #1 top point at 9936 the high on 10/15/10 and a possible #2 point at 9597 the low on 10/19/10. New 50% @ 8943

10/26/10  Has a #1 top point at 9936 the high on 10/15/10 a #2 point at 9597 the low on 10/19/10 and a possible #3 point at 9916 the high on 10/25/10. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. New 50% @ 8943

11/02/10  Has a #1 top point at 9974 the high on 11/02/10. New 50% @ 8962

11/08/10  Has a #1 top point at 100.15 the high on 11/05/10. New 50% @ 8952

11/16/10  Has a #1 top point at 101.37 the high on 11/05/10 and a possible #2 point at 9691 the low on 11/16/10. New 50% @ 9043  

Switched to March

11/30/10  Has a #3 point at 9809 the high on 11/22/10. You should have been filled short on this market on 11/26/10. 50% @ 9043  

12/13/10  Has a new #3 point at 9872 the high on 12/13/10.

01/05/11  Has a #1 top point at 101.68 the high on 12/31/10 and a possible #2 point at 9876 the low on 1/5/11. New 50% @ 90.28  

01/11/11  Has a possible #2 at 9744 the low on 1/11/11. 50% @ 90.28  

01/18/11  Has a possible #3 at 9948 the low on 1/13/11. 50% @ 90.28  

01/24/11  Has a possible #3 at 1.0009 the low on 1/19/11. You could also trade this market as a channel using the #2 as a break to the downside and 9736 as your breakout point to the upside 50% @ 90.28

01/31/11  Is trading in a narrow channel the top of the range is 100.09 and the bottom of the range is 9736. 50% @ 90.28

02/8/11  We were filled long in this market at 100.11 on 2/1/11 our stop loss is currently at 100.47. We will keep our stop tight because of the top formation and the high %R level

We also have a #3 point is our top formation at 101.56 the high on 2/4/11. 50% @ 9028  %R @ 94  

02/15/11  We were stopped out of our long position on 2/9/11 at 100.46 for a gross profit of $350 before commission and fees  

 

 

Closed on 02/11/11  

Exited January Canola

01/05/11  We exited this trade today at 585.60 for a gross profit of C$4490.00

We are looking to continue this trade in the March contract if the market breaks resistance. We placed an order today to buy 1 RSH11 @ 593.2 stop, if filled we will place the stop loss just below support at 574.6

Rolled Over to

March Canola   We were filled on our order today (01/11/11) at 593.3 we placed out stop loss just below the support of 579.6  

01/18/11  Has a new #1 top point at 608 the high on 6/12/11 and a possible #2 point at 589 the low on 1/18/11. Are stop loss is currently working at 579.60 on our long position. We will continue to watch this market for a top formation and evaluate a reversal of our position when and if the market completes the top formation without stopping us out.  

01/24/11  We are still holding our long position, the stop loss is currently at 591.80.

It is trading in a narrow sideways channel as well as a 1-2-3-formation. We are looking for a major price correction in the grain sector during the first quarter of the year. 50% @ 495.50

01/31/11  Has a 1-2-3-top formation the #1 point is 616.2 the high on 1/19/11 the #2 point is 595.1 the low on 1/26/11 and the #3 point is 612/7 the high on 1/31/11. Place an order to sell on a break below the #2 point with your initial stop loss just above the #1 or #3 point.   50% @ 498.20    %R @ 82  

02/8/11  Has a new #1 top point at 622 the high on 2/2/11. This market has been trading in a  channel  for quite some time this new #1 is really just expanding the range. To bracket this market use the #1 as the top of the range and 595.10 as the bottom.    50% @ 498.20    %R @ 82  

02/11/11  We were stopped out of this market today (2/11/11) @612.50 for a gross profit of $384.00 before commission and fees.  

 

Closed on 02/08/11  

March Soybeans  Have a #1 top point at 1409 the high on 1/3/11. 50% @ 1007 ½  

01/11/11  Has a #2 point at 1357 ½  the low on 1/4/11 and a #3 point at 1398 ¾ the high on 1/6/11. To trade this market as a 1-2-3-top formation place your sell on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 1007 ½

You could also trade this market as a pennant with a buy on a break of 1398 ¾ and a sell on a break of 1360 ¼

01/18/11  Has a new #1 top point at 1432 the high on 1/13/11. New 50% @ 1018 ½

If you traded this market using the pennant watch closely for any weakness in the uptrend to tighten your stop loss. Remember markets tend to fall faster than they rise.

01/24/11  Has a new #1 top point at 1442 the high on 1/13/11 the #2 point is 1412 ½ the low on 1/19/11 and the possible #3 point is 1436 the high on 1/21/11 and 1/24/11. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. 50% @ 1176  

01/31/11  We were filled short in this market at 1410 ¾ on 1/24/11 our stop loss is currently above the #1 point. If you were not filled on this trade you could use the low of 1375 ¼.  50% @ 1176

02/8/11  We were stopped out of the trade at 1443 ¼ on 2/1/11 for a gross loss of $1625 before commission and fees.  

 

Closed on 01/07/11 

December Corn  Has a new #1 top point at 479 ½  the high on 9/10/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 411 ¼ 

09/13/10  Has a new #1 top point at 486 ½   the high on 9/13/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 414 ¾ 

09/21/10  Has a new #1 top point at 523 ¾  the high on 9/20/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 433 ¾

09/23/10  Has a possible #2 point at 495 ¼ the low on 9/23/10.  

09/24/10  Has a new #3 point at 524 ½ the high on 9/24/10. This is only ¼ cent away from the #1 watch for a possible break to the up side

09/27/10 Made a new #1 top point at 512 ¾ the high on 9/27/10. New 50% @ 436  

09/28/10  Made a possible #2 point at 499 ½ the low on 9/28/10

10/11/10  Made a new #1 top point at 573 ¼ the high on 10/11/10 New 50% @ 458 ¼  

10/19/10 Has a #1 top point at 588 the high on 10/13/10 and a possible #2 point at 542 ¾  the low on 10/19/10. New 50% @ 465 ¾

Switched to March Corn

10/26/10  Has a #1 top point at 597 ¾  the high on 10/13/, a  #2 point at 554  the low on 10/19/10 and a #3 point at 591 ¾  the high on 10/21/10. Place an order to sell or go short on a break below the #2 point with your initial stop loss just above the #1 or #3 point. New 50% @ 465 ¾

11/02/10 Has a #1 top point at 603 ½ the high on 11/1/10. New 50% @ 480 ¼ 

11/08/10  Has a #1 top point at 609 ¼  the high on 11/4/10. New 50% @ 483 

11/16/10  Has a #1 top point at 617 ¼   the high on 11/9/10 and a possible #2 point at 539 the low on 11/16/10. New 50% @ 483 

11/30/10  We are looking to go long this market on a break above 562 ¼  

12/13/10  We were filled on this trade at 562 ¾ on 12/1/10 are stop loss is currently working at 549 ¾

01/05/11  Our Stop loss is  currently at 597 ¼. This market also has a #1 top point at 634 the high on 1/3/11. 50% @ 495 ½  

01/11/11  Our Stop loss order was filled on 1/7 at 597 for a gross profit of $1712.50 before commission and fees.  

Closed on 01/05/11  

 

November Canola  Has a new #1 top point at 484.50  the high on 9/20/10. Continue to watch for a complete 1-2-3-top formation.  50% @ 428.6  

09/23/10  Has a possible #2 point at 470.20 the low on 9/21/10 and a possible #3 point at 478.80 the high on 9/23/10  

09/24/10  Has a new #1 top point at 485.90 the high on 9/24/10. New 50% @ 429.60

09/27/10  Has a new #1 top point at 487.30 the high on 9/27/10. New 50% @ 430.0

09/28/10  Made a possible #2 point at 478.90 the low on 9/28/10

09/30/10  Made a possible #3 point at 482.60 the high on 9/30/10

10/04/10  made a possible new #2 point at 461 the low on 10/4/10

Switched to January

10/11/10  January Canola  made a new #1 top point at 509.10 the high on 10/11/10. New 50% @ 445

10/19/10 Has a #1 top point at 512.90 the high on 10/19/10. New 50% @ 446.90

10/26/10  Has a #1 top point at 537.60  the high on 10/26/10. New 50% @ 459.30

11/02/10  Has a #1 top point at 543.70  the high on 11/02/10. New 50% @ 462.30

11/08/10   Has a #1 top point at 557.0  the high on 11/05/10. New 50% @ 469

11/16/10  Has a #1 top point at 570.70  the high on 11/09/10 and a possible #2 point at 525 the low on 11/16/10. New 50% @ 475.80  

11/30/10  Has a #2 point at 519 the low on 11/17/10 and a #3 point at 544.40 the high on 11/19/10. Place an order to sell on a break below the #2 point with your initial stop loss just above the #1or #3 point. 50% @ 475.80

You could also trade this market like a pennant and bracket the current range.

12/13/10  We were filled long on this market at 540.70 on 12/1/10 our stop loss is currently working at 549.80  

01/05/11  We exited this trade today at 585.60 for a gross profit of C$4490.00. We are looking to continue this trade in the March contract if the market breaks resistance. We placed an order today to buy 1 RSH11 @ 593.2 stop, if filled we will place the stop loss just below support at 574.6

Closed on 12/13/10 

March Wheat  Is currently trading in an inclining wedge formation bracket the range with a downside target of the 50% level of 684 3/4  . If the market breaks to the upside which I would expect, look to tighten your stops as the market tests upside resistance levels 

If you need a reminder of what wedges are go to our Chart Patterns page.

12/05/10  We were filled long at 704 ¼ on 12/1/10 our stop loss is currently working at 746 ¾

12/13/10  We were stopped out of the trade at 746 on 12/13.10 for a gross profit of $2087.50

 

 

Closed on 10/19/10  

January OJ  Has a new #1 top point at 161.50  the high on 9/21/10. Continue to watch for a complete 1-2-3-top formation.  50% @ 136.45  

Purchased Option 

09/23/10  We are leery of this market making a sudden reversal without developing a solid formation and we wanted to have a presence in this market so we purchased a put option on 9/22/10. We bought a 145 put for 370 points. 

We will continue to watch the futures market for a tradable formation.  

09/27/10  Made a #1 top point at 167.10 the high on 9/22/10 and a possible #2 point at 156 the low on 9/24/10. Continue to watch for a complete 1-2-3-top formation. 50% @ 139.25  

09/28/10  Made a possible #3 point at 160.75 the high on 9/28/10

10/04/10    We are moving to the sideline on the Futures market. 

10/04/10  Our 145 put is currently trading at 590 points  

10/11/10  Our 145 put is currently trading at 640 points

10/19/10 We liquidated our 145 put at 900 points on 10/15/10 for a gross profit of  530 points ($795.00) before commission and fees

 

Closed on 10/08/10  

December Lean Hogs  Have a new #1 top point at 7800  the high on 9/21/10. Continue to watch for a complete 1-2-3-top formation.  50% @ 68.75  

09/23/10  Has a possible #2 point at 7585 the low on 9/23/10  

09/24/10  Have possible #3 point at 7745 the high on 9/24/10

09/28/10  We were filled short at 7765 (9/28/10) Our stop loss is just above the #1 point

10/04/10 We moved our stop loss to 73.15 (10/04/10) to protect profits

10/05/10  We moved our stop loss to 7280 (10/05/10) to protect profits

10/08/10  We were stopped out of this trade at 7285 (10/08/10) for a gross profit of $1920.00 before commission and fees  

 

 

Closed on 10/04/10  

 

December Cocoa Made a new #1 bottom point at 2811 the low on 8/20/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 31.54  

08/24/10  Made a new #1 bottom point at 2776 the low on 8/24/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 3136

08/30/10  Made a new #1 bottom point at 2705 the low on 8/30/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 3101

08/31/10  Made a new #1 bottom point at 2681 the low on 8/31/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 3113 808 the high on 9/3/10

09/07/10  Made a possible #3 point at 2714 the low on 9/7/10

09/08/10 Made a possible #3 point at 2693 the low on 9/8/10

09/09/10 Made a new #1 point at 2682 the low on 9/9/10

09/10/10 Made a new #1 point at 2615 the low on 9/10/10. New 50% @ 3056

09/13/10   Made a new #1 point at 2595 the low on 9/13/10. New 50% @ 3046

09/21/10  has a #2 point at 2825 the high on 9/17/10 and a possible #3 point at 2682 the low on 9/21/10. We will place our buy stop order in the morning, to go long on a break above the #2 point

09/23/10  We are waiting to be filled on our buy stop order.

09/27/10  Our buy stop order was filled at 2835 (9/27/10) Our stop is working just below the #3 point  

10/04/10  We exited this position at 2776 (10-01-10) we were not comfortable with the volatile swings the trade was making. We will look to enter that market once it breaks resistance. We had a gross loss of  $590.00 before commission and fees  

 

 

 

Closed on 09/30/10  

November Feeder Cattle  made a new #1 top point at 117.95 the high on 8/23/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 107.85  

08/24/10  has a possible #2 point at 116.80 the low on 8/24/10.  

08/30/10  has a possible #2 point at 115.975the low on 8/30/10.

08/31/10  has a possible #2 point at 115.525the low on 8/31/10.

09/07/10  has a possible #3 point at 116.45 the high on 9/3/10. Place an order to sell on a break below the #2 point with your initial stop loss just above the #1 or #3 point.

09/07/10 We were filled short in this market today at 116.45 (9/7/10)

09/21/10  We are moving our stop loss just above the resistance of 113.30 (9/21/10)  

09/23/10  We are moving our stop loss just above the resistance of 111.075 (9/23/10) to lock in $2150.00 in profit  

09/30/10 We were stopped out of this trade at 110.375(9/30/10) for a gross profit of $2500.00 before commission and fees  

 

 

 

Closed on 09/28/10

October Live Cattle made a new #1 top point at 9700 the high on 8/5/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 91.85

08/06/10  Made a possible #2 point at 9565 the low on 8/5/10.

08/09/10  Made a possible #2 point at 95.025 the low on 8/9/10.

08/16/10  Made a new contract high at 9717.5 the high on 8/16/10. New 50% @ 9193

08/17/10  Made a possible #2 point at 9587.5 the low on 8/17/10  

08/23/10  Made a new #1 top point at 100.00 the high on 8/19/10. New 50% @ 93.35

08/24/10  has a new #1 top point at 100.075 the high on 8/24/10. New 50%@ 93.72  

08/30/10  has a possible #2 point at 97.65 the low on 8/27/10. Continue to watch for a complete 1-2-3-top formation

08/31/10  has a possible #2 point at 97.175 the low on 8/31/10. Continue to watch for a complete 1-2-3-top formation

09/03/10  has a possible #3 point at 99.55 the high on 9/3/10. Place an order to sell on a break below the #2 point with your initial stop loss just above the #1 or #3 point.

09/07/10   We were filled short in this market today at 96.775 (9/7/10)

09/24/10   We moved our stop loss to 9750

09/28/10  We were stopped out at 7750 (9/28/10) for a loss of $292.00 before commission and fees  

 

Closed on 09/27/10  

December Coffee  Has a #1 top point at 198.65 the high on 9/8/10 and a possible #2 point at 187.60 the low on 9/10/10. Continue to watch for a complete 1-2-3-top formation, 50% @ 165.95

09/13/10  Made a possible #3 point at 192.70 the high on 9/13/10. I will wait one trading day to confirm the #3 point before We  place my sell stop order  

09/21/10  We were filled short this market at 187.35 (9/20/10) We currently have our stop working just above the #3 (197.60) and will look to move it soon to lock in profits  

09/23/10  We moved our stop loss to 184.55, to lock in approximately $1000 in profits  

09/27/10  We were stopped out of  this trade at 184.55 (9/27/10)for a profit of $1050.00  before commission and fees  

 

Closed on 09/23/10 

September Lumber has a new #1 bottom point at 195.60 the low on 6/21/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 266.10

 06/23/10 September Lumber closed limit down today creating a new #1 bottom point at 189.00 (06/22/10) 50% @ 262.80 , continue to watch for a complete formation.

06/30/20 has a new #1 bottom point at 183 the low on 6/23/10 and a possible #2 point at 214 the high on 6/30/10. Continue to watch this market for a complete formation. 50% @ 259.80  

07/06/10  made a new #2 point at 223.50 the high on 7/2/10 and a possible #3 point at 209.40 the low on 7/6/10. We will wait one trading day before placing our order to go long on a break above the #2 point.  

07/19/10  made a new #3 point at 198.30 the low on 7/19/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point.  

07/20/10  made a new #3 point today at 196.20; our order above the #2 remains unchanged.  

Switched Months

November Lumber

08/06/10  I decided to switch contracts months to get more time for the trade. November Lumber has a #1 bottom point at 187.20 the low on 6/23/10 the #2 point is 222.80 the high on 7/2/10 and the #3 point is 202.40 the low on 7/20/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 250.35

08/16/10  Made a new possible #3 point at 198.90 the low on 8/12/10. Our order to go long on a break above the #2 is still valid.

09/09/10  Believe it or not we finally got filled on our buy stop order today, we are long from 223.30 (9/9/10)

09/23/10   After yesterdays gap and limit move we decided to move our stop loss to just below yesterday’s support of 235.00. We were stopped out today at 234.40 for a gross profit of  $1221.00 before commission and fees.

 

Closed on 08/06/10   

 

September Rough Rice has a 1-2-3-bottom formation the #1 point is 955 the low on 6/30/10, the #2 point is 1019 the high on 7/8/10 and the #3 point is 967 the low on 7/9/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 1197.50

*Rice tends to be a fairly thin market, which is why I rarely put it on sightings. Keep in mind you will probably not get filled right at your price and to move your stop to protect profits quickly.

 

07/22/10  We were filled today in our simulated trading account at 1022 (7/23/10). This market moved from 1019 up to 1039 in one minute, we feel fortunate to have the fill we do. This is the risk in trading a thin market we could have easily been filled at 1039

07/26/10 Our stop loss is currently working at 958.

08/02/10  I moved our stop loss to 994 (8/2/10). I will look to tighten even more to start to lock in profits as soon as possible

08/05/10  I moved our stop loss to 1058 (8/5/10).

08/06/10  we were stopped out of this trade at 1082 (08/06/10) for a gross profit of $1200.00 before commission and fees  

 

 

 

Closed on 08/06/10   

September Wheat has a #1 bottom point at 442 ½ the low on 6/09/10 and a possible #2 point at 470 the high on 6/14/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 561 ¾

06/21/10 Wheat made a new possible #2 point at 486 on 06/18/10. Continue to watch for complete formation.  

06/23/10 September Wheat has a possible #3 point at 471 the low on 06/22/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. We will wait 1 trading day to confirm #3 point before placing our order

06/30/10  has a possible #3 point at 455 the low on 6/29/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 561 ¾

Since we wait one trading for our #3 to be confirmed our order to go long was placed after the close on 6/30/10. Although the market did break the #2 point on 6/30/10 we are waiting for a second breakout to be filled on our order. The market settled at 480 ¼

 

07/06/10  We were filled long in our simulated trading account at 487 ½ on 7/1/10. We moved our stop loss up to 453 ¼ on 7/6/10.  

 07/19/10 I moved our stop loss to 567 ½ to protect profits  

07/22/10  This market is currently trading 40cents above the yearly 50% level. I would love to move my stop closer but the market is having large intraday swings and I don’t want to get stopped out prematurely. We hit a strong resistance today at 610 if we break it I anticipate testing the contract highs.

07/28/10  I moved our stop loss to 578 ½ on 7/28/10 to protect profits

08/05/10  I moved our stop loss to 778 ¾  on 8/5/10 to protect profits

08/06/10 I decided to move our stop loss up to 798 ¾ after the night session on Thursday had the market limit up again. The RSI was above 86 which shows this market was extremely over bought and do for a market correction. We were filled on our stop loss order at 798 ½ on 8/6/10 for a gross profit of $15,550.00 before commission and fees.

 

 

Closed on 07/28/10  

September Corn has a head-and-shoulder formation. Place an order to sell on a break below the neckline of 373 ¼. I am placing our stop just above the shoulders, we are not looking for a huge move to the downside so we do not want to risk all the way above the head point on this trade.  

07/26/10 We were filled short in this market at 371 ¾ on 7/23/10, our stop is currently at 374 ½  

07/28/10 We were stopped out today at 374 ½ 7/28/10 for a loss of $137.50 before commission and fees.  

 

 

Closed on 07/26/10   

October Sugar We were filled in our simulated account long at 1622 on 6/23/10, our stop loss is currently at 1490. 50% @ 1822

  07/19/10 I moved our stop loss to 1658 to protect profits

07/22/10  I moved our stop loss to 1718 (7/22/10) We reached the daily 50% level today and I will be looking to tighten my stop even closed to lock in profits.

07/26/10 I moved our stop loss to 1790 to protect profits. My next move with the stop loss will probably be up to the 50% level of 1822.

07/26/10  I moved our stop loss to 1849 (7/27/10) to protect profits.  We were stopped out at 1849 today 7/28/10 for a gross profit of $2542.40 before commission and fees  

 

 

 

Closed on 07/21/10  

August Gold has a 1-2-3-top formation. The #1 point is 1266.50 the high on 6/21/10, the #2 point is 1225.20 the low on 6/23/10 and the #3 point is 1263.70 the high on 6/28/10. Place an order to sell or go short on a break below the #2 point with your initial stoploss just above the #1 or #3 point. 50% @ 1091.60

07/01/10 We were filled short in our simulated trading account at 1221.30 on 7/1/10. Our stoploss is currently at 1249.8

07/19/10  I moved our stop loss to 1194.40 to lock in profits

07/2110 We were stopped out today at 1195.40 for a total profit of $2640.00 before commission and fees

 

 

 

 

 

Closed on 07/21/10   

September Coffee made a new #1 top point at 161.05 the high on 06/15/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 143.57

06/21/10 September Coffee made a new #1 top point at 165.45 the high on 06/16/10. Continue to watch this market for a complete 1-2-3-top formation. 50% @ 145.77  

06/30/10 September Coffee has a new #1 point at 176.50 the high on 6/24/10 and a possible #2 point at 160.10 the low on 6/29/10. Continue to watch for a complete formation, 50% @ 151.30  

07/01/10 made a #3 point at 169.25 the high on 7/1/10. We will wait one trading day before placing our order to go short on a break below the #2 point

07/06/10  We were filled short in our simulated trading account at 159.85 on 7/6/10. Our stop loss is currently at 171.10.

07/21/10   I moved our stop loss to 163.85 to protect from a market reversal. We were stopped out at 164.05 on 7/13/10 for a loss of $1575.00 before commission and fees  

 

 

 

 

 

Closed on 07/20/10 

September Euro Currency has a #1 bottom point at 1.1884 the low on 6/07/10 and a possible #2 point at 1.2309 the high on 6/14/10. Continue to watch this market for a complete 1-2-3-bottom formation. 50% @ 1.3489

06/30/10 made a new #3 point is 1.2157 the low on 6/29/10. Place an order to buy or go long on a break above the #2 point with your initial stop loss just below the #1 or #3 point. 50% @ 1.3489  

07/01/10 We were filed long in our simulated trading account at 1.2480 on 7/1/10. Our stoploss is currently at 1.2446

  07/19/10   I moved our stop loss just below support at 1.2840

07/2010 We were stopped out today at 1.2841 for a profit of $4512.50 before commission and fees

 

 

 

 

Closed on 06/24/10

July Sugar has a 1-2-3-bottom formation the #1 point is 1300 the low on 5/7/10, the #2 point is 1482 the high on 5/13/10 and the #3 point is 1381 the low on 5/17/10. You should have been filled long this market a few days ago, your initial stop loss should be just below the support of the #1 or #3 point. 50% @ 1901

We were filled in our simulated account at 1490 on 5/19/10. We currently have our stop loss at 1295

You could also trade this market as a narrow sideways channel. When bracketing the market place both your buy stop and sell stop orders GTC, so that which ever order is filled the other becomes your stop loss automatically.

06/15/10 We are moving are stop loss in our simulated account to 1374, just below the support of 6/02/10.  

 06/21/10 Because this contract is about to come to an end (06/30/10) I am moving our stop loss up to 1523 and also placing a sell limit at 1641. We also placed a buy stop order simultaneously in the October sugar at 1621.  We are doing this instead of just rolling our position because we want the market to break that resistance point if we are going to continue to be long. If we are filled in the October contract are sell limit should have been triggered in July, if not we will exit at market and cancel all existing orders.  

06/24/10 our limit order was filled on 6/23/10 at 1641 for a gross profit of $1691.00 before commission and fees.  

 

 

Closed on 06/21/10

August Lean Hogs have a 1-2-3-top formation. The #1 point is 8752 the high on 4/23/10, the #2 point is 8400 the low on 4/29/10 and the #3 point is 8730 the high on 5/3/10. You should be short this market as of 5/4/10, with your initial stop loss just above the #1 or #3 point. 50% @ 7499

06/04/10 We were filled short in our simulated account at 8390 on 5/5/10, this market is acting sluggish so we are moving our stop down to 8360, to limit losses if the market decides to changes trends


06/21/10 We were stopped out of this position today (06/21/10) at 83.77 for a gross profit of $54.00 before commission and fees  

 

Closed on 06/16/10   

 

July Oats has a 1-2-3-bottom formation the #1 point is 188 ¼ the low on 5/17/10 , the #2 point is 201 ¾ the high on 5/24/10 and the #3 point is 191 the low on 5/28/10. You should have been filled long this market a few days ago, your initial stop loss should be just below the support of the #1 or #3 point. 50% @ 250 ¼

 06/01/10 Made a new #3 point at 190 ¼ the low on 6/1/10. This does not change our current buy stop order.

06/09/10 We were filled long in our simulated trading account at 209 ¾ on 06/09/10, our stop is currently at 194 ½  

06/15/10 September Oats closed at 250 today (06/14/10) limit up; based on option premiums the market had a synthetic close of 259. This market has moved very fast to the 50% level and should have some type of retracement. To protect profits you should move your stop loss up to at least 234 or consider placing a limit order at 254 ½ on the electronic market to try and capitalize on the possible move in the overnight session.

Canada, the 2nd largest producer of US oats is cutting its production estimates of this year’s crop by 22% due to severe wet weather.

 06/15/10 Oats had another big day today, we have moved our stop loss to 260 ¾  to protect more than 50cents profit ($2500) This level is just below support on the variable chart. 

We got out of our position today 06/16/10 using an MOC order. The order was filled at 263; our gross profit on this trade was $2662.50 minus commission and fees.

 

 

 

Closed on 06/04/10

July Beanoil is trading in a narrow channel the top of the range is 3769 and the bottom of the range is 3682. Bracket this market with an order to buy on a break above the resistance and an order to sell on a break below the support. Place both orders GTC so that which ever order is filled the other will become your initial stop loss.

We were filled in our simulated account long on 5/26/10 at 3774. The 50% of the most recent down trend is 3889, that will be our initial target.

06/01/10 Since we were filled long we are expecting this to be a fairly short term trade. We will keep our stop close to limit losses in the event this was a false breakout. If we had been filled short we might have given more room for market fluctuations, since markets tend to have larger moves if they break in the previous trend.

06/04/10 We were stopped out of the trade on  at 3723, for a loss of $276.00 plus commission and fees.

 

 

Closed on 06/01/10  

August Feeder Cattle have a 1-2-3-top formation the #1 point is 117.87 the high on 4/27/1, the #2 point is 113.67 the low on 5/6/10 and the #3 point is 116.37 the high on 5/10/10. You should have been filled short this market on 5/14/10, I would move my stop loss down to a closer resistance point ( 108.82)to lock some profits or at least to a breakeven point. 50% @ 107.31

We were filled in our simulated account on 5/14/10 at 113.52. Since the market has hit our 50% level of 107.31 we are moving our stop loss very close to just above the resistance of 108.82. If the downtrend continues we will be quick to move the stop closer.

  06/01/10--  We were stopped out of this trade today at 109.22 for a gross profit of $2,150.00

 

 

Closed on 05/27/10  

August Live Cattle have a 1-2-3-top formation. The #1 point is 9557 the high on 5/4/10, the #2 point is 9330 the low on 5/6/10 and the #3 point is 9552 the high on 5/10/10. You should have been filled short on this market on 5/14/10 when the market broke below the #2 point. The market has reached the 50% level of approximately 8956 so you should tighten your stop to at least the resistance of 9020, if not lower to lock more profits.

We were stopped out of our Live Cattle trade in our simulated account on 5/27/10 at 9027 for a gross profit of $1,160.00

 

There is a risk of loss trading futures.  Past performance in not indicative of futures results.






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