Live Cattle & T-Bonds
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.Trade Recommendations:Sell Feb Live Cattle @ 95.00/Target 90.00/Stop 100 point higher than your entry level
Japan has found risk material that could cause mad cow disease in beef inported from the US
Sell March T-bonds @ 115-05/Target 114-00/Stop 115-18
Technical Trade
For a Free Copy of An Introduction to Trading in Futures go to www.ifgfutures.com
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
Spread Traders/Livestock Fundamentals/e-mail me at tony@ifgfutures.com
posted by tony woods @ 8:47 AM
1 Comments:
The March T-bonds(ZBH6), sixty minutes chart was showing a bullish divergence on the MACD(3-15-1)and the trend is UP.I went long on 11310 with an exit at 11428(left a lot of money on the table!)That same day on 01/11/06 there were other clues that the market was going to turn up.Also the 11303 low was a key Fibonacci retracement on the 60min chart.
Sorry to see that you lost money going short.
Bond Trader
Palm Beach,FL.
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