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TFC Commodity Trading Forum

Re: Corn prices higher/Limitup
In Response To: Re: Corn prices higher/Randolf ()

If you really believe that I have a bridge to sell you. Until you understand what a chart is telling you all you are going to be doing is trading off the next news story.. In other words 'behind the curve'. Listening to the next exaggerated or understated news report that is fed to the news media by big players is fool hardy. Haven't you ever wondered why Corn or any other market often rises on bad news and falls on good news. Watch the news and price action and you'll often see the disconnection that can't be explained away. The only footprints there are of traders in the know are the charts. No other tracks are in plain sight. They can't hide price action. And if things change quickly that's what stops are for. No need to get your head handed to you unless you are overextended in the 1st place. It's not rocket science. Price already reflects the likelihood of a weather event. There are expensive professional weather services for large grain traders that already know the odds of a major event. They aren't waiting for the local weather report to be announced on the radio. The price now reflects those odds.