Re: Corn at Limit #2/tricky

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.

Forum Policy

Return to Index

TFC Commodity Trading Forum

In Response To: Re: Corn at Limit #2 ()

Hi Tricky,
Thanks, but I think words are getting minced here ??

Read my post back to Limitup and see if you don't agree with it.

"Limit up" is a "formal state of affairs" in which the exchange has set a Price "ABOVE which" a contract cannot trade.....Until the Next Trading session when a new limit goes into effect.

"Locked Limit" is a "State of affairs, possibly temporary" where there are "no offers to sell below the limit price". Therefore, no one can "buy" or "open a long position". This is not a formal "exchange imposed" situation. It simply means that no one is willing to sell below the "limit price".

As soon as "sellers come along" as is happening NOW, there is "No Lock Limit situation", but the current "DAILY LIMIT" is still in force, and may be hit again yet today.

Thanks, Lee