Profit target for USDCAD http://bit.ly/q5z1z
Profit target for USDCAD http://bit.ly/q5z1z
Increased ethanol usage could be bullish for Corn
With crude prices rising, there has been an increase in ethanol usage in May, 319 million bushels up from 295 million bushels in April. If this is the start of a new trend for more ethanol usage, then the demand could easily offset the high yields of corn. We will post an update if we take a long position in corn futures.
Target for USDCAD Forex pair
Our Target for USDCAD is parity 1.0000, for those of you who prefer trading “Options” you can use FXC, wait for a green bullish candle to close above 92.54 (FXC) on a 60 minute chart and then take a long position.
Our long S&P Futures position
Sold another third of our long S&P Futures (ES) position at 987, move stop to entry level 967, we now have a free trade
Sold another third of our long S&P Futures (ES) position at 987, move stop to entry level 967, we now have a free trade
Sold another third of our long S&P Futures (ES) position at 987, move stop to entry level 967, we now have a free trade
Canadian Dollar Futures
We are looking at the Canadian Dollar Futures to break 0.9310 and will add to our long position.
Webinars
The next Free weekly Webinar will take place on Thursday 6th May at 9pm London
Instructions:
Click on the below link to register now
Join me on May 6th 2010, for a special Forex workshop: A beginners guide to Profitable Currency Futures Trading. Please join us by registering.. today
What you will learn
If you are serious about making money from trading the markets you will not want to miss this online Currency Futures Trading webinar. Martin will host this workshop with special guest speak Patrick Zielbauer from Infinity Futures. Among the Currency Futures trading techniques, strategies, secrets and success formulas they will share are:
• Understand the important differences between the cash and futures currency markets
• The benefits of trading Currency Futures
• One Martins favourite set ups in the currency market
• How to use Fibonacci Retracement Levels to profit
• The importance of the US Dollar
• How to trade the four major pairs against USD
• Why you need to know about Petrodollars
This workshop will allow you direct access and receive expert answers to those specific Currency trading questions you have. Register today!
Take advantage of this unique opportunity to discover how, a multi-millionaire trader, a speaker at Anthony Robbins Wealth Mastery Seminars and an in demand hedge fund consultant runs his personal portfolio.
This webinar starts at 9PM London time, 4PM EST and runs for approx 45 minutes.
To your trading success
Best wishes