Tuesday, November 16, 2010

See You at the Top!!! Part IV

This weekly chart is still in the making but I have decided to take my cpo profits. My expectation was to take the profits at 35xx level, but disappointment follow unfulfilled expectation (LOL!); I exited at 332x level. End of the day, no complaint over the 200++ points gain per contract. LOL! This post will mark the end of my trading journal for the year.

There is a time to make, and there is a time to rest. My 7week holidays start tomorrow through New Year 2011!

SEE YOU NEXT YEAR!

Saturday, November 13, 2010

After: Soybean Oil Being Hit!

Limit Down! Cousin FCPO will be next in line to take the hit. Risks/Rewards traders will have big pay day I guess...

Friday, November 12, 2010

Soybean Oil Being Hit!

Soybean Oil Futures Trading News 12/Nov/2010 - Holy Smoke! Very close to limit down price 52.53 anytime now!

Thursday, November 11, 2010

See You at the Top!!! Part III

True trend followers will never give up their Long position at now, not me. My model shows possible resistance at at 3500 level. Never ever short it, but for me to take profit at the stipulated level is in my to-do list.

Wednesday, November 10, 2010

Knock! Knock!

Forget Gordon Gekko or Gecko (LOL!), here comes the real shark of the century near your door steps. Be scared. LOL!

Friday, November 5, 2010

See You at the Top!!! Part II

About FCPO, my "friend" likes to state "only the sky is the limit for a bull market" which I think that's an highly subjective, exaggerating and opinion oriented statement. LOL! However, looking at this chart, I can't help but start to fantasize how high it will go. See you at the top! LOL!!!

Bonus: This FCPO bull provided plenty of entry opportunities (for short to mid term play). Like this one. Do you see what I See? Looks like I am giving my secret away freely... LOL! (Yes, I am merely bullshitting ;)

Oh My GOlD!!!

Must be the Deepavali Gold Rush! LOL! Happy Deepavali!!!

The Chart:


The Story: Gold soared Thursday as the U.S. dollar sunk in the wake of the quantitative easing announcement from the Federal Reserve on Wednesday afternoon. The wording of the announcement and the amount of the package--at least $600 billion--was even more bearish for the dollar than anticipated, and that, in turn, was fully gold market bullish, as it suggested heightened inflationary pressures on the horizon.

The Winner:

LOL!

Thursday, November 4, 2010

1st Review :Hot Chart - Harley Davidson

One month on, finally the sleeping Hog is waking up a bit. LOL.

Monday, November 1, 2010

See You at the Top!!!

Where is the top? I don't know. LOL! This beautiful FCPO 3rd month daily chart with price channel for your free viewing pleasure. Turtles strike it good this time.