Today's Ideas:
    for evening of Thurs. Dec. 20, 2007

    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.

    Position update as of 8:35pm:

    Long 2 units SB (Sugar avg. price .10375)


        Today was a solid day, especially considering things are really slowing down before Christmas. We wish we had hung onto our NQ and FXI, as they went higher, but hindsight is 20/20. We would like to still be in them, and tomorrow at 10am with the consumer sentiment #'s coming out, we have a catalyst, albeit a minor one. Sugar is working it's magic, and we're looking to add to that over the next week or two. We Have a signal in the JPY (Yen futures) to go long, but it's tricky during this season. The signal will be valid for a couple days, so no rush there. For now focus on getting a potential daytrade out of the NQ (QLD), and the FXI, both as longs.

    We closed out a few positions, and that just leaves the long term sugar positions. We are seeing signals forming in the ZB, and base metals (copper, zinc, aluminum), but these might be days away. Also read the article we attached earlier regarding commercial real estate. We can't wait until the SRS (etf) gives a buy signal again. Stay focused, and let's try to ride winners better than we did today!

    People often ask what our time frames are for each trade, and that is different for each position.  In general, however, most trades last about a week or two, BUT we  trade around the positions as you saw today.  Hence, we DO day trade at times.  We encourage any questions and comments on how to improve our site, and hope you find it useful.  This is a great business, but the learning curve can really take awhile as most successful traders don't have any reason to share ideas. This site is our way of giving back to the trading arenas, in the name of the few mentors we found that helped us along the way. Good luck.

    We can't always explain the reasoning for trades, but they are often a combination of technical, fundamental, and "gut feel". Pay attention, have fun, and make money!

    For previous posts visit the archives.



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