07/07 ES

bought at horizontal line, sold at MM target.

mid term target 1355 is not far away.

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Thrust again

Another thrust, which is stronger.

MM target is ahead. Bought 1.4295 for 20 ticks.

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Initial thrust

after strong initial movement, the chance is high there will be follow through.

H1, or H2 would be good for 20 ticks.

EURUSD has more up to go, short term.

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Hold till the end

no swing short signal at all.

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First day after long off

It's simple setup.
Easy buy for first touch in 60mins ema: 1327

4 points stop; partial profit target is 1:1, 4 points.
After that, bull's stop is below the low of 10:50 bar.

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EURJPY

120.26 in

EURJPY

It confirms the strong break out.
Daily chart shows this pair breaks out from double bottom (or inverse H&S), MM target is 126-127. Short term target is 120 apparently.

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Weekly chart shows it breaks out the long term down trend line, it should move up to the starting area of recent down leg, which is around 127.3

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ES possible bouncing targets, near term

bear channel is bull flag; break out the channel on Fri, now it's testing the channel.
Targets are 1308 and 1317.

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C

is forming a bull flag.
Long term bullish.

Great Corn bull

743 is next.

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ES

ES blasts through target zone, next is 1346-1350 area.

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USD index is going down

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ES pull back?

Like Apr, it could be in process to form h&s.
Or, 3 push ups. Downside MM target never works that well in this bull market.

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Twilight Landing At LAX (Cockpit View)

Corn

Corn always responds well with trend setup.
Today is no exception, it's hard to grab all the spike and channel up MM target, but H1 and H2 work like a champ.

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ES should hit this MM downside target

I was disappointed it didn't hit on Friday.

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Short term option comparison

Yesterday I longed ATM March call, around $3.18.
Should I choose ATM Feb call, I would get in at around $2.25.

March ATM call gain: $3.93 - $3.18 = 24%
Feb ATM call gain: $3.02 - $2.25 = 34%

10% is counted as insurance fee.

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ES reached target

still keep small long for ES 1304. Actually QQQQ is more easier to trade in this rally, it's positioned to test the high.

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Market bounced from key support area

ES 1277 is the support. Still hold the longs bought down there.
Target is 1292-1295.

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David Einhom's Greenlight Capital 2010 year end notes

Greenlight-Q4-2010 -

EURUSD even number

EU came within few pips to 1.3600 then pull back to ema, that's a gift buy for 15 pips.
There are around 6 ticks difference between spot and future market.

Friday afternoon, it's hard to imagine that players wouldn't take out 1.3600 shorts stop.

MM target is 6E 1.3610 though.

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Trade of the week

Limit buy at ema at 655.5, got out at MM target, 665.5
Equivalent of ES 10 points in 20 mins.

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Corn

it's set to test 671-672

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EWP

It's setup to buy dip and test the downtrendline, even the last high.
Potential h&s as well, interesting.

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EURUSD target

projection target is 1.35+

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ES target zone

probably as their new year resolution, TS charges additionally for SPX cash index.
I decide not to give them the satisfaction. Here is the ES reference chart.

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SPX reached target zone

Weekly and monthly chart show it is on the way to 1450+

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ATML reached the target

reached on Fri, give a take.

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Pre NFP indecision

Market should close at around previous days' close.

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IGT

profit taking zone

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MM down to the target

reasonable swing long position opening area.
There is no pullback in up move.

Longed from 1259.25, closed at 1265.5

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ATML

14 is a reasonable target.

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SPX potential target zone

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