Re: WH12 Wheat March/Gian

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.

Trouble Ticket Forum Policy

Return to Index Read Responses

TFC Commodity Trading Forum

In Response To: Re: WH12 Wheat March/Gian ()

Just pulled off another small short in wheat. It started going bad, so I got out and am on the side now. However, the rules for the key reversal set up are still in play. We may very well see a drop to the 9 day moving average before it's all done tomorrow. This is based on the divergence in the 4 day MA and the upper Bollinger band. and the cross over of the price bar and the 18 day moving average on the 30 minute chart. It may very well go up at this point, but be ready to pounce on and down side move that shows strength.

Tonight's short:
1/3/12 19:46 SELL 1 ZWH2 655 2/4 20:07 Exit @654 1/4 n/a $49

Reflects a $14 round turn commission.

Messages In This Thread

WH12 Wheat March/Gian

Re: WH12 Wheat March/Gian *PIC*

Re: WH12 Wheat March/Gian

Trouble Ticket Forum Policy

Return to Index Read Responses