This
Report Generated $82,000.00 Total Gross Profit In 1997
Since
January/01/1997 this Daily Action Report has produced profits of 330%.
Past performance is in no way indicative of future results. Futures
and Options trading can be risky. Though we believe our information to
be accurate, each individual is responsible for his or her own actions
and trading abilities.
This
Gold Members Report can be yours for the next "30 Days!"
Or even
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home study 3 month course enrollment.
Either selection above
includes all back issues of The Pro-Paper Trader News Letter released
since January 1997 until now, full explanation of our 3 most popular
strategies exclusively in print with no other firm but Oasis, e-mail
correspondence with Gordon J. White, and a full on-line primer or
refresher course.
Reports
such as these often will cost the end user, you, upwards of $175 to
$350 each month. Unfortunately, many of these reports focus on news,
fundamentals, and basic information without any real guidance
pertaining to strategy or order placement, and offer only very general
and vague instruction. Those that do provide order positioning are
normally displayed in abbreviated form and without actual wording.
This report, published daily and written by Gordon White, will provide
full and detailed order placement, as you will see below, both in
abbreviated form in the table, and actual wording in the commentary.
This is our double order confirmation system. Gord's broker reads this
report prior to each days market open, and checks the orders in the
table with the orders in the commentaries. If the two line up, he
places the order. If not, he calls to confirm. It works quite well.
This Daily
Market Action Report is to the point, explaining technical chart
pattern signals and order placing based on our strategies for entering
and exiting trades, as well as risk management. We're sure you'll
agree that this service is invaluable.
Sample
Oasis
Publishing Corp.
Oct 10th
1997
|
Below
you will see all futures contract trades, profits and losses, as
well as the order being placed for the next trading session. Three
option strategies are often used; the Trappers Plan, Double
Bracket Trap, and Extreme Turn Signal Insured Trade. These
strategies are unique to Oasis Publishing, designed by Gordon
White, and have not been in print any where else. They will be
explained in full during your trial subscription and are not shown
in the sample below. |
Red
@ = Stop Loss Order, Green
# = Entry Order.
Month
|
Market
|
Long
Short |
Entry
Price |
Exit
Price |
A
Point |
Current
B Point |
Current
C Point |
Open
Profit |
Working
Order |
Dec/97 |
Copper |
|
|
|
92.80 |
|
|
|
Hold
Trapping option |
Dec/97 |
Silver |
|
|
|
424 |
B-4/533 |
C-4/508.50 |
|
#buy/1/521.5/stop/GTC
|
Dec/97 |
Gold |
Short 3 |
332.40 |
|
318.50 |
B-2/342.10 |
C-2/332.60 |
360 |
@buy3/332.70/stop/GTC
|
Dec/97 |
Wheat |
Long 2 |
361.5 |
|
334.75 |
B-1/398 |
C-1/348.5 |
375 |
@sell/2/358.25/stop/GTC
|
Nov/97 |
Soybeans |
|
|
|
577 |
B-2/675 |
C-2/602 |
|
Hold Insurance Options
|
Jan/98 |
Soybeans |
Long 1 |
655 |
|
583 |
B-2/679 |
C-2/607 |
2487 |
@sell/1/658.75./stop/GTC
|
Dec/97 |
Corn |
|
|
|
227.5 |
B-3/278 |
C-3/255.5 |
|
Holding Trap Options
|
Dec/97 |
Live Cattle |
|
|
|
65.45 |
B-1/67.30 |
? |
|
Neutral
|
Dec/97 |
Lean Hogs |
|
|
|
71.90 |
B-4/63.15 |
C-4/64.00 |
|
Neutral
|
Dec/97 |
Cocoa |
|
|
|
1760 |
B-1/1611 |
C-1/1739 |
|
Hold
Insurance Options |
Dec/97
|
Cotton
|
|
|
|
70.80
|
|
|
|
Neutral
|
Dec/97 |
Heat Oil |
Long 1 |
56.92 |
|
54.35 |
B-3/63.35 |
C-3/60.30? |
1713
|
@sell/1/60.24/stop/GTC
|
Jan/98 |
OJ |
|
|
|
71.00 |
B-1/78.25 |
|
|
Neutral
|
Dec/97
|
Can $
|
|
|
|
.7200
|
B-2/.7335
|
C-1/.7210
|
|
#buy/.7337/stop/GTC
|
Jan/98
|
Lumber
|
|
|
|
300.70
|
B-1/323.30
|
C-1/?
|
|
Holding
Trapping Option |
Mar/98
|
Sugar
|
Long 1
|
11.96
|
|
12.19
|
B-2/11.26
|
C-2/11.94
|
(22)
|
@sell/1/11.69/stop/GTC
|
Dec/97
|
T-Bond
|
|
|
|
118-18
|
?
|
|
|
Neutral
(top?) |
Dec/97
|
S&P500
|
|
|
|
905.60
|
B-3/992.20
|
C-2/945.50
|
|
Neutral
|
|
|
|
|
|
|
|
|
Profit
|
Losses
|
|
|
|
|
|
|
|
Sub Total
|
4935 |
22
|
|
|
|
|
|
|
|
Total
|
4913
|
|
Remember;
No Over Trading! Manage Your Risk!
- The following
commentary is updated daily. The position profits and losses in the
above table are "open" positions and unrealized unless an
* is marked next to the contract month, in which case it was
liquidated the day shown. Due to the speed in which markets move, we
will from time to time alter our buy sell or stop loss orders intra
day and accept no liability for such alterations. Adjustments are
the sole responsibility of each trader individually. Buy sell
decisions made by Gord are in no way to be considered as direct
advise in any way, and is for educational purposes only, whereas
past performance is in no way indicative of future performance, and
no liability for profits or losses on behalf of the reader will be
accepted by sponsors of these updates, Oasis Publishing of Canada
Corp., or the editors of this report.
*** For Real
Time Paper Trading Accounts with a beginning credit of $10,000 Gords
broker has agreed to accommodate all those Oasis members who want a
real feel for the markets before trading with real money. This is
included with course membership.
Gold:
342 marks a nice B-2 with C-2 now quite possibly at 327 just below
330 support recently broke. The 3 short positions picked up
yesterday were more to cover loss of premium on the call options,
and with today's minor reversal, prices could rally once again now
that weak longs are flushed out. We will adjust our stop loss to
near break even to just above previously broken support of 332.60.
We will cancel
buying 3 Dec Gold at 337.10 stop GTC and replace it with buying 3 at
332.70 stop GTC.
"!"Silver:
Prices dropping and recovering so quickly makes for a small buy
signal with a new C point in the series to buy off of on a rally.
We'll add another buy order for a rally above today's high. Our
order above major resistance at 533 will remain for now.
We will buy 1 Dec Silver at
521.50 stop GTC and if filled we'll sell 1 Dec Silver at 506 stop
GTC. We will also buy 1 Dec Silver at 534.50 stop GTC, if filled
we'll cancel selling one Dec Silver at 506 and replace with selling
2 Dec Silver at 506 stop GTC.
Copper:
The market was soft to end the week with a low end settle and
positioned for another test of the A point. We'll stick with the
trappers plan and hold the 92 put until the full ABC bullish turn
signal is made.
Corn: Prices
could have settled better, but prices are still higher to end the
week making the weekly chart look decent with prices settling above
the major 280 resistance level. We will hold the options which are
now doing extremely well. Any further upside price action will be
pure profit in our pockets with the Double Bracket strategy once
again coming through with a bang.
Wheat:
Bulls managed to give back what they took yesterday. What a heart!
Prices could easily drop sharply from here on technical selling, so
our Our stop loss will remain un-adjusted at break even. In the
money Puts still in place will offset any losses. Declining prices
to below 360 may cause a solid test of 348. If that breaks, then 335
is almost certain.We
will sell 2 Dec Wheat at 358.25 stop GTC.
Soybeans:
Bulls received a welcome surprise from the USDA grain report this
morning with an unexpected reduction. Farmers, I understand, are
also complaining of rapid moisture loss which will reduce yield as
well and should show up in Novembers report. That's fundamental, I
know, but it goes hand in hand with technical price action. The
limit placed on the add on buy order saved our bacon as prices
gapped higher above 690 and never really looked back. Our order is
now canceled.We
will cancel buying 1 Jan/98 soybean at 681.75 stop, limit of 683
GTC. We
will sell 1 Jan/98 soybean at 658.75 stop GTC.
Sugar:Last
Trading Day/9/30/97: We'll remain long with chart highs likely to be
tested and as soon as a new support level is made, we'll raise the
stop.. We
will sell 1 Mar/98 sugar at 11.69 stop GTC.
Cocoa:
Hopefully prices will be finding support now at the short up trend
support line at around 1650. We'll hold our call option in place
figuring that odds are good we'll see some support soon and prices
will run at resistance at least one more time. If it does but
resistance holds, we'll likely jump out or lighten the load.
Feeder
Cattle: Now we stand aside and watch Nov feeders instead.
Live Cattle:
It looks like the A point is very possibly in place, but we will
stand aside until the full turn signal is seen.
"!"Canadian
Dollar: Support was seen at .7292 today which could result in the
creation of a solid C-2 level to buy back in off of on a rally.
We'll continue for now with the order above resistance, but may
adjust it down if a daily bar signal is given. Values plunged today
on some decent selling with a test of chart lows more likely now.
However, if prices can hold above chart lows, we may have a good
solid bottom and an up trend in the making. We
will buy 1 Dec Canadian $ at .7337 stop GTC. Stop loss to be
determined after price is hit.
O.J.
The Jan/98 OJ A point of 71.00 was broke today without even trading
through that price, but instead with a gap, a large one, to well
below it. We couldn't have timed our profitable exit from this
market much better. We'll cancel all orders and stand aside.
We will straight
cancel buying 1 Jan/98 OJ at 78.35 stop GTC
Lumber:
Jan/98 lumber turned around nicely with a beautiful looking B-1 in
place as prices head lower to break the A point or establish a C-1.
Stay alert for a buy signal as we continue with The Trappers Plan
strategy and the options in place.
Cotton;
We'll stand aside as we wait for a bullish turn signal. Today's bar
could be taken as a buy on a break above yesterdays high, but we
would rather wait for a larger pattern to be established.
Coffee:
We'll cancel all orders here and stand aside. Prices are confused.
We will cancel
selling 1 Dec Coffee at 158.55 stop, limit of 157.90 GTC and if
filled will buy 1 Dec Coffee at 171.60 stop GTC
Heating
Oil: Prices are range bound still but support is holding. As long as
it does, we're in the running. We can do nothing but hold on while
our stop loss is in the profit.
We are selling 1 Dec
Heating Oil at 60.24 stop GTC.
- Successful
trading comes from the ability to manage risk effectively. Remember
to set risk guidelines. Using a percentage of account value is the
easiest. 5 to 10% would be realistic. Doing this forces you to
become more and more disciplined in your selection of trades when
selections are going against you. You will be enabled to continue
taking the signals and not blow out your account in only two
potentially explosive trades. Accounts over $10,000 would still be
wise to attempt to risk no more than $500 per trade 90% of the time
with only 10% of trading activity selecting larger risk/reward type
markets. Even being right 50% of the time using this type of risk
control would produce profits long term. Please don't forget that.
- Remember,
check, double check, and triple check your orders. If you were told
that an order was filled, check and re check that too. You must get
confirmation and price of fill before knowing for sure. Maintain
good records of all orders placed as well as date and the broker you
placed it with. It's very unpleasant to find out you're short
because of neglecting to cancel a stop loss order after taking a
profit with an at the market order. Also, when account statements
arrive in the mail, check over all positions. Occasionally one is
placed in the wrong account. If a trade which is not yours is seen,
call your broker and have it transferred to the correct account even
if it is a profitable position. This is nothing to be alarmed about,
but is something to watch for. Humans make mistakes. Watch for them.
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