11-09-2012 01:38 PM
So when's corn going to break out of the miserable range it's been in for almost six weeks? Been a tough market to trade, although you figure it was bound to cool off after the historic moves of this summer. Definitely been a tight range since then and no one wants to take it in either direction. October had maybe 45 cents of price movement. November has been three straight losses for me, including a buy this morning at 750 that went nowhere. Currently short at 740. 735 has been an iron floor. If it break below that, look out.
11-09-2012 03:37 PM
11-09-2012 03:51 PM
Wow, Mike. I don't know. My timeline isn't more than 3-4 days ahead, maybe a week. I just ride the trends. I'm definitely not Jim Rogers who can just sit on a position for months. But if it goes that high I will be along for the ride!
11-10-2012 07:53 AM
11-11-2012 03:45 PM
Very confident in my system. It has its bad periods short term (and three losses in a row is not uncommon) but over time it makes money. 80% of profits come from 20% of trades, so I have to take every signal, period. That's the only way it works. And lately, where corn has been choppy and slow, soybeans have been good.