Oct. 15 - Grains anyone?

Quote from Buy1Sell2:

One cannot look at the monthly chart this early in the month and make a decision based upon that. One can only review the previous month's activity at this stage and there is nothing at the moment that suggests a bottom long term. My buystop in March Corn is at 4.70.:)
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I only meant that there is significant potential support in this area on the monthly.

We've already tested 345 (March) again tonight. If that fails by more than just a few ticks, I won't be long.
 
Quote from Lucrum:

I only meant that there is significant potential support in this area on the monthly.

We've already tested 345 (March) again tonight. If that fails by more than just a few ticks, I won't be long.
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345 failed
 
Corn market is very tricky. one or two day of movement then trade SIDEWAY. then one upday then turn around downday.

I'm sitting on side line.
 
Quote from Jansinnet:

Do you just trade charts or fundamentals as well TraderTx?

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Depends. 80% of my trading in the grains is chart based, with a seasonal bias. I will, however, look at fundamentals and weather and such around big USDA reports and try to take a more fundamentally biased position, or at least hedge a chart based position. Mostly though, the chart and trend will win out in the end, so I stick mostly with that.
 
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