May 01
As we had indicated earlier today, we got confirmation of our first signal for a while in our futures portfolio, going long Sterling which we have executed at the open of the overnight session. We now have 6 open positions. We are Long 30yr, 10yr, Sterling, and Short Yen, Oil, and Gold. We are also close …
Mar 20
This morning’s snapback rally in the Euro has triggered a trailing stop for our short position so we are out for a profit of $1,400 per contract. It’s not common for us to get an exit so soon that’s also profitable, and in something that clearly appears to still be in a downtrend, but it …
Mar 12
We got an exit signal on the 10yr earlier, so we’re already out on the overnight session. We had suggested in the weekly review that this was close to being stopped, even noting it could go trigger a reversal signal to a short position, but that didn’t quite happen. We’re out with a loss of …
Mar 08
There was only one change to our futures portfolio, and that was to short Oil for Friday’s session which we communicated here. This brought our total open positions up to 8 out of a possible 10. Although we stress one of the benefits to trend following is not having to explain or reason the movements of …
Jon Boorman, CMT, is a market technician, analyst, and trader with 25 years experience in global equity, forex, and futures markets. He employs trend following and momentum strategies to generate actionable trade ideas. More....
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Mar 15
Review Of Open Positions – Futures
Futures, Weekly Review
We had two exit signals during the week, closing our long position in the 10yr for a loss of $1,125 per contract, and covering our short in Gold for a profit of $2,300 per contract. This leaves us with six open positions:- Long S&P 500 ($ES_F) 1/28 +$3,087.50 per contract The S&P continues to stair-step …
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Tags: $6B_F, $6E_F, $6J_F, $CL_F, $DX_F, $ES_F, commentators, exit signals, japanese yen, Trend Following
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