Today's Ideas:
    for evening of Wed. Jan. 23, 2008

    IMPORTANT: Below is what we're looking at currently, but pay attention to our UPDATES on the side of each page for actual entry/exit times and prices. Refresh pages often! You will witness our winners AND losers; something that is rare in our business.    TO VERIFY ACTUAL PRICES AND TIMES, PLEASE CLICK ON  A TICKER ENTRY TO THE RIGHT.  ALL TRADES, WHEN THEY OCCURED, ARE VIEWABLE.  

    Whenever possible, we have included the ETF symbol for those who are not experienced trading futures, etc.

    New Update :

     Today was an amazing day as far a ranges are concerned. The day offered plenty of opportunity, as well as the potential to get smashed with it's wild gyratrions. We made a couple of successful trades, with super entries, but would be happier had we stayed in them! However, our rules dictate when we exit, and we very rarely catch the exact tops and bottoms. We did catch the bottom, or within .10 cents on the FXI, but we didn't get anywhere near the top price. In any case, what is important is to keep pulling money out of the markets consistently and as easily as possible. We'll see more action the next few sessions, no doubt.

    We traded the bonds (ZB) short, as well as the FXI long. The markets are in such a frenzy, that the instrument you trade is not nearly as important as HOW you trade. Pay special attention the the size of your positions, when you add, and where you stop out. There is no mercy for the undisciplined. It seems we might get another opportunity to play the same side in each of these ideas, and we'll be patient until we get a signal. Regarding stocks and equity futures, we are prepared to trade either side, as our system could trigger a long or short signal with this type volatility. We did not hold positions (except our long term sugar) overnight, even though it appears we could get some follow through tomorrow. This practice has saved us from lots of pain that others have experienced in the last several weeks. Our equity remains near all time highs at the moment, and that's how we like. To sum up, we'd love to have stayed on the ride longer today, but that was not our system, and overstaying your welcome last few weeks has been deadly.

    Keep your head straight and review your system tonight. Whatever you use to time in and out of markets must be adhered to strictly. Review your position sizes in relation to the volatility of the vehicles you trade. Position sizes should be smaller than they were as October came around. Check out the ranges and give yourself plenty of room, even if you think the size is too small. You'll be shocked at how quickly things move in these "one way" markets. We'll be ready to win again tomorrow, and hope you'll join us!.

    Position update as of 6:29 pm:

    Long 2 units SB (Sugar avg. price .10701)

    For previous posts visit the archives.



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