OJ/ Coffee Random Musings

I got stopped out three times on Natty longs around that 6.5 area, so i have given up longs for now.

So im on the sidelines until it gets to 8. Its looking likely to rally from 6.9 to 8 in the next week or so. but i will wait for an ambush play:)
 
lumber just touched .10 near my stop that was a close one :) I really picked the wrong day to get it, you outta the yen shaqi? How you doing today TraderTX?
 
cashed out early on Yen, im not risking my hard won profits on decesions by those idiots at the Fed who will do anything to prevent a stocks from being routed thorughly.

30 Day Fed Funds almost touching 99 - was good sign to run for the door.
 
Hey guys...not much going on for me today...bought some Dec Live Cattle at 91.50 and sold some Nov Feeder puts. Thought about picking up Jan Lumber at 195, but decided against it...the seasonal trade is showing a bottom pick right now, but I want to see it get some support right now...which may be closer to 185. Otherwise not much doing...
 
as ususual I am fairly good at picking market direction just horribl with my timing :) Lumber looks to have made a reversal today, I was only 17 dollars short with my entry :) Did you get in TX. How bout that Yen shaqi holy fuck. My buddy and I had our eyes on long aussie short yen earlier in the weak thank god we didnt :) That eventually looks like a good trade. Great long opportunites are being created right nw for a lot of commoditis
 
Rtrader:

Didn't get in the Lumber...waiting for a final selloff day in the equities sometime next week....dumped my live cattle too for a $3.00 loss at 88.50....I DID buy up some Dec. Bean Meal..some at 272 last night and picked up the second half right at 260 at about 5:45 this morning...avg. 266...waiting for a big move.

On the list for next week is Dec. Wheat @ 5-515, corn @ 345-50, and Jan Lumber at 188.00
 
Quote from Rtrader2525:

i am debating dropping the short legs of my meal spreads (july 09 being short) I think dec is posed to make a pretty good run
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I think the sell off in the grains is coming to an end. Even with a strong dollar today and the sell off in crude the grains still held relatively strong. Looks like the bottom is being put in.

The put / call ratios are starting to signal an oversold situation as well.
 
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