I finally got into a trade today, at least for a little while until I was stopped out. I had been looking to go long on September Corn if prices could pull back to support at the top of the channel at 394. I had been looking to enter a trade if prices fell back into a range of 399 to 394. Prices fell into that range soon after the open today. I put in an open order to get filled at 399.5 or lower. I ended up getting filled at 398.5. Unfortunately, I got stopped out at 394.5. So, that's a loss on the trade of 4cents or $200. I'll continue to watch this market and get back in if prices remanin in the 399 to 394 range.
To take a look at other markets I'm watching, please go to www. mylearn2trade.com.
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