Today's Ideas:
    for evening of Fri. Dec. 28, 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 6:28 pm:

    Long 1 unit TWM (avg. price 66.125)

    Long 2 units JPY futures (yen)

    Long 4 units SB (Sugar avg. price .10701)


        Trading action has been pretty good considering the time of year.  We had the opportunity to add to our long JPY (yen) position in the early morning hours (3:50 am), and then again once trading opened in Chicago.  So far so good, as the JPY contract closed at .008970 on the March contract.  We were stopped out of one unit not long after adding, so we only hold 2 units JPY long currently.  We are still long one TWM unit, and looking to add as that move has just begun.  Recall the chart from yesterday (archives) where the stochastic was used to trigger a buy signal.  Sugar has been treating us well, and we'd like to add significantly in the near future.  Today we added 1 more unit sugar long and our average cost is updated above.

    Chart: Russell 2000 short etf (2x)

    Although we do not currently have any SRS, or IYR short, we will seek areas to obtain new positions.  The same applies for all current and profitable positions-we'll add when it presents. This was another solid week, and we're looking forward to getting the holiday trade behind us.  There are LOTS of opportunities we see over the next several months, and we'll pick them off one by one as they present signals!

    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 don't always have the time to 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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