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Today's Trade & News

Update - Thursday, Wednesday, Tuesday, Monday - On same page I will put all trades for this week..New Era in trarding..

Dear Friends,
There are many people that have sent me mail asking why there are no updates published on the website.
Well, the reason is simply that it is a paid service though I sometimes put a few just so that new visitors can see what I do. Please therefore don't expect me to put a free update everyday. You can get much more if you subscribe to the newsletter.
Furthermore, it is quite true that something seems to have more value when one has paid for it. One usually feels good and proud about it and sure enough, the results are often different. This is just human nature: for instance if you go for coffee that is being offered free, you may feel good about it for a while but for how long can one do that? As a matter of fact, it is only a matter of time before one starts to feel some pangs of guilt and wondering whether he shouldn’t just pay for it, even if just a token. As I said, this is just human nature and even though it is good to share with others, one feels the need to pay once in a while. This way, one feels at ease to fully contribute and participate with others without negative emotions.
I am not trying to make anyone to subscribe to my newsletter but if you trade in the unpredictable market, then  $180.00 for a month’s subscription or $1440 for a year is not a big fee. One can actually make this amount in one trade and is the kind of money we spend for everyday needs, like buying a cup of coffee. 
Like today and last week you could have made huge sum of profit.
I will put update after market close.
Thanks & God Bless
Sharma Mahendra
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Dear Members, 
Today will be a very quiet day and one can therefore just enjoy watching the market or do some other pending work without doing much in the market as the market will be very boring today. Grains could however bring some excitement. 
Metals will trade sideway therefore avoid trading them. Tomorrow is likely to be quite an interesting day and you should thus wait for my update on metals. Tueday recommended selling copper and gold around $628.80 paid nicly.
Today grains should move up though it is Thursday. If they manage to do this, then I see a sharp rising.
S&P AND DOW will move sideway but they should close high so don't remain on short- this is what Mars and Jupiter are showing. S&P is trading at 1295, and around the 1294/3 level will be good buying for the short-term.
Coffee and cotton should move sideway and therefore those who want to book profit can do that. I will however wait for the next two more days.
I recommend holding sell position in the Euro and Swiss Franc, negative day for other currencies, while remaining positive for the dollar. Sell the Australian dollar, which is trading at 0.7635.
PLEASE WAIT FOR TOMORROW’S UPDATE ON METALS, CURRENCIES AND ALL OTHER AREAS, AS INDICATIONS ARE THAT IT COULD BE QUITE INTERESTING.
ALERT
Finally, today there was some interesting news to the effect that Pluto has been demoted as a planet. I have never featured Pluto in my studies for predicting the market, and this will therefore not result to any changes in my theory. Indeed there are some who used to be surprised when I mentioned that I don’t consider Pluto, Neptune and Uranus in my study as planets.
More information on this can be found at: WWW.CNN.COM OR http://www.cnn.com/2006/TECH/space/08/24/pluto.ap/index.html
Thanks & God Bless
Mahendra, Thursday, 9.30am EST

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Dear Members,

Since we bought soy and corn they are trading around the same level and we are looking for a turn-around, which should be a big one. Meanwhile we’ll keep ourselves ready to book profit - I will update you on that. 

Today's trades:

We will sell the market S&P (currently at 1301) or Dow again today in opening and look for 6 to 7 points gain and book it.

 

Metals will trade higher but I expect to book profit in copper, therefore trade accordingly. Today's best trade will be to sell copper. September copper is trading at $352.80 and I will let know when to buy or you can buy 5 points down from here we should see today only.

 

Gold may also move up to $629.50 and from there it will come down, avoid silver. Sell only copper and gold at higher side.

 

We booked profit in pound and today is time to sell 1 contract of EURO at $1.2848 and Swiss Franc 0.8141.

 

Coffee went up quite nicely and made more than what we should be making in short-term on our investment, but I will wait for two more days.

 

These should be today's trades.

A reminder of this week’s newsletter;

It is very important that gold trades positive from Tuesday and for the rest of the week. Failure to achieve this may bring about a short-term bear trend that could force gold prices to go below $600. 

I am happy to know that the daily update is helping in trading and I will therefore continue to send it as usual everyday before the market opens.  

The Trading Range for gold will be $628.80 to 607.20 and it looks like it will move up and down a minimum three times within this range, therefore trade accordingly. If it breaks down, then you should get out from the position. You can start the week with a small buying position.

 

Oil is trading down and it should – The Newsletter says "The Trading Range for crude oil will be $71.80 to $67.80 and you can start the week with selling on rising (September contract).

Thanks & God Bless

Sharma Mahendra, Wedneday, 09.30am EST

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Dear Members,

Hold yesterday’s trade:

I bought December coffee at $107.50 on Friday and will hold for maybe another 48 hours, but I will let you know when I sell.

 

+ 5 Sep Corn is trading at 220.25
+3 November Soy at 560.50

 

I will sell GOLD today at 625 and SILVER at 12.35, which I bought in yesterday's electronic market. I just booked profit but no short, as I will wait for the Moon to give a signal.

 

I won’t trade oil.

 

-3 September I will trade British pound at $1.8981.

+2 September Soymeal at $1592

 

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Today’s (Tuesday) not much action as we want to hold our trade, but we will cover the British Pound soon, which we sold at $1.8981 and is currently trading at $1.8901. We will however wait for some time.

 

I mentioned yesterday that we would sell buying position of gold around $625 and silver around $12.33, which we did and there is no hurry buying back.

 

-5 S&P at 1300 for 48 hours trade and look for a 5 points profit, which I see today and 5 more tomorrow, therefore a weak trend after strong opening. I see today’s weak trend coming during the day.

 

Take a small position of put option today in orange juice as the Moon is changing house, and this will bring prices down. November contract is trading around $186 and we can expect it to reach $158 in two months.

 

We are holding for the rest of the trade, so I won't add more.

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Metals:

I provided the trading range for gold and silver in the newsletter so trade accordingly. If it touches the downside price, then one can buy and you may see the reverse. 

 

The Trading Range for gold will be $628.80 to 607.20 and it looks like it will move up and down a minimum three times within this range, therefore trade accordingly. If it breaks down, then you should get out from the position. You can start the week with a small buying position.

 

The Trading Range for silver will be $11.87 to $12.47 and it should move three times within this range during the week. If it breaks down, then you should get out from the position. You can start the week with a small buying position.

 

In long-term Trade:

We are buyers of the US Dollar index and holding the sell position on side currencies.

 

The Dollar should remain strong, and all other currencies weak.

 

We will hold some position in coffee and cotton for longer term.

 

Metals will trade sideway or weak.

 

Grains should find the bottom and try to move up.

 

Coffee should consolidate today.

 

The market should turn weak in the last hour.

 

Oil will trade in a very small trading range but no buying is recommended

 

Thanks & God Bless

Sharma Mahendra, Tuesday 9.30AM EST 

www.mahendraprophecy.com

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Monday's trading

Dear Members,

THE MOON CYCLE IS WITH MARS AND MERCURY - ALL SHORT-TERM TRADING PATTERNS.

 

I wish to give thanks for taking interest in my trading pattern which strictly follows planetary movements. I try to avoid trading in areas where I am not coming right or else I take long-term puts or call.

 

My tech person is designing the page, but orders will be very simple with no complications. But you will however have to be really quick and get in and out as the current market scenario is very volatile. There is no long-term trading pattern that will give you gains. For instance if one bought corn early this year and waited for further gains even after it went up, it means going back to square one. You are here to make money because you are investing time, money and effort and one must therefore move accordingly. 

 

This is what I did on Friday:

 

Bought December coffee at $107.50 and I will hold for may be another 48 hours, but I will let you know when I sell.

 

Today for example: I will buy corn and Soybean and wait for 48 hours. (Qty is your choice). For instance if I have $20000 in account, I will buy 5 corn and 3 Soybean and the interesting part is that I will buy September corn and November Soybean. There is reason to buy September corn.

 

 Todays Trade

 

+ 5 Sep Corn is trading at 220.25
+3 November Soy at 560.50

 

I will sell GOLD today at 625 and SILVER at 12.35, which I bought in yesterday's electronic market in Asia. I just booked profit but no short, as I will wait for the Moon to give a signal.

 

I won’t trade oil.

 

-3 September I will trade British pound at $1.8981.

 

+2 September Soymeal

 

From tomorrow I will send you a buying or selling alert. Today you can do what I have mentioned here. Ignore all other areas.

 

Thanks

Mahendra

www.mahendraprophecy.com