Grains Journal

Quote from Buy1Sell2:

Just checking in here. I am staying long the Dec Corn for now. Long Novie Soybeans today at 5.58

I'm out of the corn of course, but still long the Novie Beans. Currently 6.30 1/4
 
Quote from optionpro007:

Great trade b1s2, congrats. Could you tell us the technical reason exhibited in the chart for exiting the trade? You are obviously also long the Dec puts, correct ?

There wasn't really a strong technical reason. It was more a matter of allocation. I was just wanting to shift into other opportunities and felt the chart was weakening a bit.
 
just wanted to post - I have some interest in this. Do you have a particular source (or sources) for agri news realtime that you find helps you react well to these markets?

basically looking for sources (besides USDA crop reports) of daily info realtime on important transactions that are affecting these markets (wheat, soy, corn).

Or is this all TA based trading?


thanks
 
Quote from scriabinop23:

just wanted to post - I have some interest in this. Do you have a particular source (or sources) for agri news realtime that you find helps you react well to these markets?

basically looking for sources (besides USDA crop reports) of daily info realtime on important transactions that are affecting these markets (wheat, soy, corn).

Or is this all TA based trading?


thanks

I don't follow any news. It's all TA. I'll be rolling out of Novie Beans tomorrow.
 
some people surely know how to move the markets around here.....

:cool:


Quote from Buy1Sell2:

I don't follow any news. It's all TA. I'll be rolling out of Novie Beans tomorrow.
 
Quote from Buy1Sell2:

I don't follow any news. It's all TA. I'll be rolling out of Novie Beans tomorrow.

Rolled the Novie Beans into the July contract on the close Thurs.
 
Quote from optionpro007:

I have taken a short position Dec corn this am. stop @ 375 1/2.

:)

Sorry, didn't see your post earlier. Market is taking a breather with the weekly chart still very bullish. Market should not be sold until a breach of 3.584 basis Mar. I would be out of the Dec now as it is too close to delivery
 
Quote from Buy1Sell2:

Sorry, didn't see your post earlier. Market is taking a breather with the weekly chart still very bullish. Market should not be sold until a breach of 3.584 basis Mar. I would be out of the Dec now as it is too close to delivery

Thank you for your remarks.

How did you derive 3.584? up-trendline ?

This is a very short term trade based on weakness on the daily and rsi failures on the 30/60. target 346

Hope it works. :)
 
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