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Floyd
Upperman & Associates ----------------Daily
Quick Access Window------------- PREMIUM MEMBERS PRIVATE MESSAGE BOARD Please remember that commodity trading is risky and past performance in no guarantee of future results. There are no promises or guarantees made in this report whatsoever. In addition, futures trading is not suitable for everyone. The information provided herein are the opinions of the author. While every effort is made to ensure the integrity and accuracy of the data, no promises or guarantees are made.
Friday's
employment Report Forecast: Lets talk about the markets now! FYI - Tonight's review will be somewhat brief as I am watching the results on the election as well. I do have some things to go over however so lets get to work!
Coffee (KC) - I reviewed the recent plunger formations here in coffee in detail in recent reports as well and again I really recommend you review these very important discussions. Why? Because I discussed the rules regarding overlapping plungers which I haven't really talked a lot about (although they are covered basically in the plunger manual, but you have to think about it).
Baskets: OPTIONS:
Swing
Trades (For Advanced
Traders)
Gold (GC) - Gold prices moved under the 18dma today and closed under it!. Lets look at the daily chart from yesterday first and then today directly under it.
Gold continues lower following the recent RP Until we close above this area I will look for prices to move lower (short-term). Furthermore, on a longer-term basis Gold is currently an IMPA sell selection! It is not fully setup yet, and won't be fully setup until we close under the 18dma for 2 consecutive days (final component for an IMPA sell setup). However, yesterday I noted that I am looking at this market via a potential early entry on the "M" pattern formation with the RP as noted above and in last night's report. Again, the early entry points provide lower monetary risk (that's the advantage). The disadvantage is that they are not as reliable (we understand that). Its a risk however often worth taking. The most reliable entry however is to enter with the trend (and you can do that by entering on a stop as well). However, one of my favorite methods on entering new trends is to enter on a correction to or through the 18dma after the new trend has already been established. Stops in this case are generally a little wider than an early entry stop, but again the trade tends to work out more often.
SILVER closed lower today with Gold as well. We have had recent reverse plunger formations in both GC and SI as well. And both are also IMPA sell selections too! Lets look at Silver now!
ALL Stops: Stocks & Mutual Funds: Turning bullish some stocks and some of the Techs. I am interested in QQQ, QCOM and LTD (which is not a tech stock, but its a company that is doing well in this environment and may continue to do so, in fact it may soon breakout to a new high).
Be sure to visit the discussion board daily! I am there daily answering questions and assisting members (with position trades and day trades). My presence on the message board overlaps my reporting here this even if you cannot visit the board during the day, you can visit in the evening! You don't have to post a thing as well. You can simply review all the posts that took place during the day (something I recommend). Some days are more active that others of course. I recommend checking in with the board daily! Very
Respectfully, Our new Stock
Market Research Site address is:
Position Management and Money Management Portion of the System - Remember never to risk more than 10% of your risk capital on any one single trade. We must never adjust the stop to accommodate the 10% risk. The stop needs to be placed strategically based on the market, and the market alone, not what you can afford to lose. I can't stress the importance of this enough. Once the stop point is determined, the risk can be calculated. If the risk is to large, pass on the trade and wait for a lower risk trade.
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here to review our video / manual products and order! Special backup site - The backup site provides a second source for our charts and graphs as a back up when/if something goes wrong with the main site or main computer driving the data to the main site. The address to the backup site is http://www.cotdata.com. Your discussion board username and password combination is required for access - If you do not have discussion board access, email Floyd for a special username / password combination for the backup site. *
The hotpage does not trade all the setups, only certain ones
are taken and they are all for teaching purposes, so I can
demonstrate to you (live) how to trade using our system, methods,
rules and data. My goal is to teach you how to trade using our
strategies, not to trade for you. "Seldom does an individual exceed his own expectations." "Shun
passion, fold the hands of thrift. Sit still, and Truth is
near: Suddenly it will uplift your eyelids to the sphere: Wait
a little, you shall see the portraiture of things to be." "When it comes to success in trading,
being right most of the time is not nearly as important as
is being procedurally right all of the time! " |
"Every man's work, whether it be literature or music or pictures
or
architecture or anything else, is always a portrait of himself."
Samuel Butler