Your absolutely right.
But why not ride the trend until it ends???
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Simple Corn Trading Strategy
- Thread starter enochbenjamin
- Start date
Your absolutely right.
But why not ride the trend until it ends???
be very catious with corn - the end of the current up-trend may be near. look at the image attached to this thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=119590
Does that necessarily mean a long term trend change?
apparently it just meant more volitility. be careful.
Quote from enochbenjamin:
Has been working pretty well the last couple of weeks. Don't know how long it will continue to work, but if you got the balls to try it, you should book some nice profits while it lasts.
Here it is:
1) Only go long
2) Do not enter any trades in the first 15 min (or overnight)
3) wait until the price drops to the first pivot support (S1) and load up on as many contracts as you can with 2¢ risk.
For example if you can only risk $500 then trade 5 contracts
As far as exiting - your on your own.
Good luck!
You forgot the name of this system:
When Failure Occurs, Add More Rules, Sprinkle On Pixie Dust and Try Again
well it was fun while it lasted!