Orange Juice!!
- Thread starter john33
- Start date
when i read the comment "i guess you'd have a lot of oj to drink" oj almost came out of my nose. obviously this applies to any commodity you're trading (e.g. "i guess we can make a lot of bread w/ the 50k bushels of wheat i now own").
re ideas for trading OJ, looking at the chart which is all i do, since the middle of march it has been in a steep downtrend so either short or stay out - no need to try and pick the bottom.
for those inclined to pick the bottom, wait for an up day (OJ hasn't had one for 6 days in a row!) then place a small stop below the low of the day.
re ideas for trading OJ, looking at the chart which is all i do, since the middle of march it has been in a steep downtrend so either short or stay out - no need to try and pick the bottom.
for those inclined to pick the bottom, wait for an up day (OJ hasn't had one for 6 days in a row!) then place a small stop below the low of the day.
That's exactly how I interpreted the statement "I guess you'd have a lot of oj to drink"
Also, I have seen that OJ hasn't had an up day in the past six days as well! I must say though it looks like an up day for OJ may be just around the corner. Guess we'll have to wait and see
Better call in the Dream Team!
i'd look to 155-160 to take profits since that's the area it broke down from. it will take a lot to break back through there.
I got short OJ in late January and have had to rollover, took me a few shots at finding the top, but now I just keep my breakeven stops in and watch the weekly bar charts, actually it is automated. I stopped using daily bars on long term commodities 20 years ago, way too many losses and drawdowns were too big, and way too much work. I want to get in near extremes and then stay in it for long haul.
What happened ?