Today's Ideas:
    for morning of Tues. Dec. 4, 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.

    POTENTIAL setups for tomorrow include:

    T-bonds short (ZB future)- 30 year Treasury Bond

    FXC long (CAD future)

    UNG long (Natural gas)

    CRESY long (Cresud, Argentina agriculture blue chip)

    Position update as of 11:40am:

    We are short 3 units ZB (T Bonds)

    We are long 2 units FXC (Canadian Dollar)

    We are long 1 unit UNG

    We are long 1 unit SB (Sugar)

    What can we say, it was a tough open! In times like this we must avoid the temptation to average down just b/c of price. We are "buying direction", not price. So we sit tight and honor our stops should they get hit. In this situation, the stops were not triggered, so we still have the same positions as yesterday. We WILL look to add or get involved if the price action warrants, so stay tuned to the twitter updates. Sometimes it is tempting to exit a loser when a "surprise' comes, like the Bank of Canada lowering rates and causing the FXC to go against us. However, look at the charts as we type this. FXC opened at the absolute low of the day and has been working higher all morning. Likewise with the ZB futures (T Bonds). We are short and they opened against us, only to go our way (lower) all morning. In fact, we will definitely consider adding to the ZB short is this action continues. Check back for the afternoon update-plenty of action!

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

    For previous posts visit the archives.



    This site is for instructional purposes only, and is not to be construed as investment advice. | Disclaimer | Contact Us | ©2007-2008 All rights reserved.