Today's Ideas:
    for morning of Mon. Jan. 2, 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.

    Position update as of 11:32 am:

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


       Back in full swing after a long holiday season. Today's ISM was very weak, and it's spillover is still being felt. Several potential trades failed to signal with the weak ISM, so we'll be patient. We are disappointed with our exit price on the JPY futures, even though it was a nice trade for us. The JPY exploded to the upside with the weak numbers, and we normally do not initiate, add, or exit in pre-market hours.

    Currencies are a little different in that they are liquid 24 hours a day, but again, no trades should be placed before the open. After years of trading, we still break an occasional rule. The goal is to identify the rule, review your actions, vow not to do it again, then move on!

    We see lots of attractive setups forming. ZB (bonds) short in the next few days, FXI long, IYR short, etc. These have not given signals yet, but are close to getting us involved. Sugar has pulled back and when it consolidates, is an excellent long candidate (longer term). We will not be a buyer of stock indices on this weakness, and expect it to continue for next few days. We might, however, get nice short side trade in stocks (or index futures).

    It's good to be back, and we've had some very nice results lately....stay focused and review your rules!

    Click here for ISM article

    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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