Update Wheat future december 2009 contract long

Prices ran up to a high of 529$. That is a nice profit of 7.08% or 31% with the leverage of 4.43.

And since I told you that if you have a lot of profit in such a short time and we were going into the overbought area, what do you do then? Well any answers, yes, we exit the trade, that is what we do.

Or you closed the trade on the 14th of October when it was climbing and you had more than 25% profit. Or you closed the trade when you saw the long-legged doji. This doji occurred outside of the Bollinger bands and mostly this together with a sell signal on the Slow Stochastics indicates a reversal.

Trade alerts

To make it a bit easier to follow the trades I will add a reference here to the last trades and updates on trades.

Results for 2009
Results for 2009

December 2009
12/16/2009 Great panther resources limited TSE:GPR

November 2009
11/30/2009 Romarco Minerals and Acadian Mining
11/22/2009 Palladium long

October 2009
10/28/2009 Closing trades: UTS Energy Corp and Open Range Energy
10/19/2009 Update UTS Energy Corp
10/17/2009 Update Wheat future december 2009 contract long
10/13/2009 Wheat future december 2009 contract long
10/13/2009 Platinum Group Metals Limited
10/12/2009 Open Range Energy Corp TSE:ONR
10/12/2009 UTS Energy Corp
10/12/2009 Platinum long update
10/06/2009 Platinum long

Break out for Crude Oil

The price of oil has been in a trading range (60$ to 75.55$) for months and now Crude Oil broke out and is trading at 78.7$. The trend has been up since May. Crude is getting a bit overbought so for a possible entry we will wait for a pullback.

Do you have a nice trade in mind then please share it with me and post a reply. I wish you all the best in your trading adventures!

“The Perfect Portfolio”

I added this article written by Market Club because I use the Market Club trader tools. I also started checking out a video and after that I wanted to try their tools (30 days risk free trial).


Is there such a thing as a perfect portfolio? Maybe or maybe not, but there are certain times, and this is one those times, that it is practically a no brainer in how to make money in the market. That is why we call this approach “The Perfect Portfolio”.

It doesn’t matter if you have $10,000 or $10,000,000. It’s all percentages and this approach has averaged 6% a month over the last 42 months in some of the toughest economic time on record.

Show me the perfect portfolio

Right about now you might be saying to yourself, “Man this has got to be super risky and they must be swinging for the fences or using some highly speculative option plays, or worse yet, futures.” It is none of these. In fact, the approach downright conservative and in some cases only makes 1 trade a year. Now I understand that this is not going to make your broker happy, but whose money is it anyway?!

Okay, let’s get started. This is a two part video and I promise I will show you how these gains were generated and how you can easily replicate this approach. No one can guarantee 6 percent per month returns, but what I can guarantee is that this approach is proactive. There are very few trades and it works!

Let me tell  you about the perfect portfolio in this video.

Update Wheat future december 2009 contract long

It looks like I was right and wheat took of to a high of 513$ or a profit of 3.84% or 17% with the leverage of 4.43. The current price of 509.75$ is around the 23.6% Fibonacci level of 507.32$. Next stop if it will climb so high will be 549.37$. RSI is getting near to the overbought area so watch out the following days.

Platinum long update

At last Platinum broke through 1,345$.

The current price is 1,355$ so when you entered the trade you currently have a profit of 4.31% without, or about 38% with the leverage of 9.

Today platinum had a high of 1,360. If you took the leverage you can always exit the trade and take your profit. 38% is a nice profit for such a short time. The trend for Platinum still looks strong and will probably go to 1,360$ and beyond, but at some point there will be a pullback because the RSI approaches the 70 level meaning it may be getting overvalue. So plan your exit when there appear signs of weakness!


Chart courtesy of: Market club tools for the trader

Alert Wheat future december 2009 contract long

It looks like wheat is breaking out, currently trading at 494$. You can go long and take a Turbo or CFD with leverage around 4 or 5. the Turbo with Stop loss 417 has a leverage of 4.43.

Alert Platinum Group Metals Limited

I like stocks that are cheap, and ok around 1$ it would be cheaper but nobody can predict a top or a bottom. The stock is now in a nice uptrend, and you know what I wrote: the trend is your friend. Volume is also picking up. Before the crisis it traded about 3 times higher! Now 1.57$.

Alert Open Range Energy Corp. TSE:ONR

Open Range Energy Corp is trading at 2.01$. Volume is increasing to 3,4 million and has a strong uptrend. Also several analysts gave this a Buy or Outperform. I will post a chart later on.

Alert UTS Energy Corp

UTS Energy Corp has a strong uptrend and has a current price of: 1.97$. MA 10, 50 and 200 are below the current price and we just had a MACD cross over. Before the crash this stock was 6.12$ priced in May 2008 so the stock is still cheap. A bid of 1.75$ in April was rejected. Once over 2$ the next high would be 3$.

Chart courtesy of: Market club tools for the trader

Platinum long update

Platinum is doing what we expected but has some difficulty getting over 1,345$.

We can see that::

• MACD made a cross over
• RSI is not overbought 
• the current price is above the moving averages of 10, 50 and 200 days.
  

The current price is 1337$ so a profit of 2.92% without, or 26.32% with the leverage of 9.

You can always take your profit, especially when you took a product with leverage like a Turbo, or Sprinter or CFD.

What I read is that these products are not offered for citizens of the United States or United Kingdom. So if you want to have some kind of leverage you have to look for another product like a CFD (Contract for difference) maybe. These have leverage and you can also trade Oil, Gold, Silver, Palladium, Copper and so on.

Chart courtesy of: Market club tools for the trader