Thursday, November 16, 2006

Train Stories

Freight Train of the Day

Frozen Concentrated Orange Juice - Getting very close to the all time high today, closing up 8.55c @ 205c on the January contract. This is a commodity that was around 50-60c in 2004 so anyone with a trend following system and nice wide trailing stop is making a motza out of this contract. Sad to say thats not me.

Train Wreck of the Day

Crude Oil - This is a market that many traders say should be rallying... including me :( My "glitch" turned out to be a derailment. As luck would have it, it happens to be the most dreadful looking chart of the energies. Unleaded, Heating Oil and Natural Gas maintain their basing patterns whereas the bottom has dropped out of crude. I still maintain a position with some adjustments to further limit losses while maintaining upside potential.

1 comment:

sexy said...