Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

Re: Soybeans : Critical Point 1105.1

My weekly charts show a nice set up for a contrarian trade. The trend is down, so a buy is possible. I did a good one yesterday, made $296.00 a contract on it. I finally have enough margin to do these.

If we can get a close above the 9 week moving average (11636), we should be able to continue to contrarian trade to the 18 week MA (12364) If there is a close above the 18 week then we may have to consider there has been a change in the direction of the trend and adjust accordingly.

That is what I am dong, anyway.

Messages In This Thread

Soybeans : Critical Point 1105.1 *LINK*
Re: Soybeans : Critical Point 1105.1