Today's Ideas:
    for morning of Mon. Dec. 17, 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 10:00 am:

    We are long 1 unit $CAD (avg. price .98233)

    We are long 1 unit SB (Sugar avg. price .09987)

    NOTES:  Check the ticker for latest trade updates!

         We have a favorable open in all positions so far.  Rather than look to take profits, we'll be seeking opportune times to add to both the Sugar and Canadian dollar.  We're also looking to several setups including the ZB (t-bonds) long, the HSI (Hong Kong) long, some of the base metals futures (DBB etf) long and potentially the JPY (yen) long.  These are just what we're watching, and we will not jump out into traffic early Monday morning.  Sit tight, and let's trade at our setups.  Many traders will be attempting to  pick the bottom on the stock indices, and this may or may not work.  It's not a high probability setup, so we'll stand aside.  Occasionally our readers will see us take and intraday position, but this is not the case right now.

    Our ticker is down currently, and has been very sporadic all weekend.  We'll do our best to keep updated, and the major focus right now is to get more of our winners.  Most of the other setups we mentioned will be this week sometime, but not this morning.  Also interesting that natural gas has found some footing.  No trade has been signaled there, and we'll just be patient.

    Remember that you only need a couple vehicles at any one time to make a great living as long as you manage your position sizes properly and consistently.   Focus on managing yourself and your actions, as the charts, fundamentals, and news are secondary.  This site is a work in progress, and we're open to suggestions.  We'll be posting links to interesting and pertinent articles as they arise.  Good luck and stay balanced.

    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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