(Originally Posted Thursday March 25, 2004) A bloodbath is what we got. I went long again at 73.40 on the re-open. Had a tight stop but when the dust settled I was filled 40 ticks away from the stop at 72.10> that was the first time through and it slid very fast. Then we got…
Month: August 2021
Suck up That Stop
(Originally Posted Wednesday, March 24, 2004) You’ve heard me say how ticked I get when the floor runs stops but sometimes it’ll pay you back. I wanted to short the May beans again today and gave the broker the order to sell at 10.50 even. I didn’t get it and the price started to sag….
It Could Get Ugly
(Originally Posted Tuesday, March 23, 2004) The overnight session is running the Bonds up at 116 even and the Beans are up 8 and a half. Just proves a bull market knows no resistance and a bear market knows no support. Wheat is shaping up again and we should be able to see some intra-day…
Grains on Fire
(Originally posted Monday, March 22, 2004) Well, early Monday morning came and went and as you know we were gapped out at the open in the May Cocoa. Held the coffee through the sell off. I don’t like the close but this support keeps holding so you have to stay with the long. Let’s see,…
Grab a Little
(Originally posted Friday March 19, 2004)Tucked up my stop in the May corn. My broker just phoned to tell me I got tagged on the close at 312 1/4. Grabbed a little from my entry at 309 but next week will tell the tale won’t it. I was watching it hover around the 314 resistance…
Drop the Shorts and Go Long
(originally posted Thursday, March 18, 2004) Shorted the May corn again and got myself in a jam dealing with this serious bull market. I’ve closed my shorts and gone long. Ironically this usually signals a reversal. Don’t you sometimes just feel they’re waiting for YOU…the last hold out. But seriously, during this phase I’ve had…
Like a Scalded Cat
(Originally Posted Thursday March 4, 2004) Busy little beaver the last couple of days. Closed the beans only to short them again along with corn. They’re just too strong so even after a downer day I covered both. I think I could have held overnight but I was anticipating a rally into the close and…
I Deserve Everything
(Originally posted, Tuesday March 2, 2004) Well that’s a little more like it. God, after 10 straight losing trades I was beginning to have my doubts. Not really but those slumps are certainly no fun. Several more quick give-a-ways in corn and a couple of Forex mistakes, then followed by getting stopped out in Silver….
Clipped in the Corn
(Originally posted Monday, January 26, 2004. 16:35) Not too comfortable tonight after the corn husking, missing coffee and watching my short cotton put me to sleep. Tomorrow’s another day and I’ve got to work to get back some focus. Way too much going on with life in general. The biggest drawback for my trading is…
The Donald meets The Apprentice
(Originally posted Wednesday, January 21, 2004, 09:38) Should have mentioned I also put on a short March Cotton position at 75.45. I’m seeing the resistance and the run-up to be losing momentum. I’ll need to watch this one because although it’s a nice entry off of retracement, it could just stall short term and resume…