It's been frustrating lately waiting for the right opportunities to enter the trades I'm watching. The grains I've been watching, such as September Corn and September Soybeans continue to move up. Corn either need to make a new high so I can enter using the Hi-Lo breakout strategy or move back down to support which is the top of the previous channel that corn was in since the first of April.
September Soybeans closed today at 862.6 cents which is above its previous high made yesterday of 852. Now, I would look to get long if prices on Monday pull back close to the 852 area.
Although yesterday in October 2007 Sugar there was a close below the bottom of the channel that sugar has been in, I did not enter a trade today as prices rose back well into the channel. So, I'll continue to watch this market.
To take a look at all of the prospective trades I have on my radar right now, please go to
www.mylearn2trade.com.
No comments:
Post a Comment