Lanmar

Lanmar

Hmmm... I am long, but not based on a monthly time frame, hence the neutrality of my post.

Lanmar

CHART

Lanmar

I'M GOING LONG NOW AND ADDING AT MY ENTRY. Update: 4/15 - This is now a signal to go short, but I won't do that. Instead I'll short the USD against the CAD.

Lanmar

See chart Update June 19: Placing my stop at 79. If it it closes on the weekly above my purple box I am closing.

Lanmar

This is really interesting to me because the CAD has a .90 correlation coefficient with oil. That either means we'll see some strength in oil, at least temporarily, or continued weakness in the Euro. I love this bet.

Lanmar

I'm going long Monday morning. No target - will trail. British pound is in ugly territory. Additionally, UK central bank is one of the few that have not printed nearly as much money as the G7 countries. Lastly, FTSE has never been this high... Breakout. Update June 19: Placing stop at 655

Lanmar

Long UWTI AT 2.60. My bet is oil breaks out heavy this coming week.

Lanmar

HERE'S THE DEAL. THERE IS PLENTY OF CONTRADICTION IN DIRECTIONAL POSSIBILITIES WHICH MAKE IT CHALLENGING TO PLACE A PROBABILITY. ON "USOIL DAILY" WE'RE CLEARLY HITTING A MAJOR RESISTANCE. FUNDAMENTALLY OIL IS WEAK (I.E., STRONG DOLLAR, SUPPLY/DEMAND RATIO IS STILL INCREASING). HOWEVER, THE RISK IN THIS TRADE IS EXTREMELY CLEAR. A BREAK UNDER $50, AND WE KNOW...

Lanmar

Update 4/9. Closed entire position (DWTI) when oil hit 50.65

Lanmar

A close above $55 should cover the position. Update 4/9 - noticed a major inverted Head and Shoulders pattern in conjunction with a diagonal trend line support. Tread carefully if youre short. Price needs to break below $50 to invalidate the bullish patterns. I closed my entire short position at $50.65.

Lanmar

Chart

Lanmar

I ADVISE LOOKING AT 30 - 40 YEAR DATA ON SOYBEANS. TARGET IS DETERMINED BASED ON LONG TERM HISTORY. FUNDAMENTALLY, SOYBEAN PRICES TYPICALLY FALL FROM PLANTING SEASON TO HARVEST SEASON. IN ADDITION TO THAT, THE CONTINUED STRENGTH IN THE US DOLLAR SHOULD FUEL THE DOWNWARD TREND.

Lanmar

As it stands, this is a massive opportunity to go LONG. Target can be as high as 2.50. The secret sauce in trading is not necessarily the entry, but in the way you follow a trend and exit. If stop is broken then it is a high probability short - it would confirm the monthly resistance at 1.95. Target would be 1.63 or lower.

Lanmar

Potentially a nice small cap to hold long term.

Lanmar

NICE ODDS.

Lanmar

Nice R/R and probability. May 21 stock split adjust 134

Lanmar

Do research - lots of it.

Lanmar

100 shares should be the maximum allocation in your portfolio on a $100,000 of capital. Once price exceeds $150, trailing stop should rise to $135 minimum. I do not actually use stops when trading equities (only in FX). If price closes below my acceptable point of risk I exit my position before market closes. Update 4/16: Closed all at 154. It smells funny....