(Originally posted Monday,March 21,2005 @ 21:38) I’ve planned my trading approach throughout the pre-planting season. Underlying my plan is the knowledge I only caught a couple of little shorts all winter. One was in mid November and the other in January. Now I’m sidelined, watching the grains build their bottoms. I know from experience I’ll…
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Should be Fun
(Originally posted Thursday,July 22,2004 @ 18:38) Rapidly approaching the end of July and I’m starting to get itchy. Time to begin setting up the charts again for my resumption of trading in September. It will take a little while to set up my chart books and get a feel for what’s happening after such a…
Not Good at Reversing
(Originally Posted Wednesday March 31, 2004) Nothing quite like a limit move when it’s in your favor! Cotton fell right throrugh my long term support line drawn in on my dailies at 63.40. I should have reversed the cocoa but I’ve never been good at that. Covered the May cocoa at 1535 and out. Just…
Admit To Being Wrong
(Originally Posted Tuesday March 30, 2004) Going to hold onto the cotton short overnight even though it’s a touch offside from my short at 64.50. I’m just lovin’ the double top today and also on the 60 minute as it has set up beautifully. If the floor is not covering now into the close with…
Cotton Shorts
(Originally posted Monday March 29, 2004) Covered the 30 yr. just now at 113.11 as I see it basing after three good days down. Quite pleased. It may drop through support around 113.09 but I think we’ll see a rally first off these levels. Sitting through the cotton short despite the rally this morning. Man,…
No Holy Grail
(Originall Posted Friday March 26, 2004)Towards the end of the day I saw that the cotton didn’t continue it’s rally so I shorted it again at 64.50. A quick little rally right near the close pushed me offside. I think it’s ok to hold this with a stop just over today’s high. It looked good…
40 Tick Slippage?
(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…
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,…