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Veteran Advisor

Re: What is the next resistance level on May corn?

ID - Settle 1477 tomorrow - 15m chartScreenShot001.gif

 

 

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Advisor

Re: What is the next resistance level on May corn?

Cx1--pardon my ignorance, but what do you mean by 7.27 downtrend line by weeks end? Thanks for your analysis as we all like to roll some ideas around in our minds. Could have gotten my objective today as the trade went through my order only to find basis had been set back a dime. Should have locked in basis last week.
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Veteran Advisor

Re: What is the next resistance level on May corn?

bkadds,

 

please---any technical ignorance your refering to I more than make up for with all you do farming, including knowing what basis is doing.....this helps our side, too.

 

On the Corn chart the steepest down-trendline intersects 7.27 price on Fri....a little higher Th, lower next week, etc. Hope this makes sense.

 

Check out the comm overlay chart next post. Everyone, feel free with questions.

 

c-x-1

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Veteran Advisor

Re: What is the next resistance level on May corn?

Fellas,

 

Don't Drink and Trade.

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Frequent Contributor

Re: What is the next resistance level on May corn?

What is important to me.... Is the time right for a turn and does the macd confirm it. If so as long as the macd posture doesn't change all that is necessary is has the time changed. If either the macd or time has changed then it is decision time. Time changed just a bit ago and macd confirmed it so the stop location is confirmed and the support level is confirmed. Ride the time until macd or time is over. jmo

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Honored Advisor

Re: What is the next resistance level on May corn?

Guys, The markets are a timing thing........I definately don't understand forks, triangles or spoons for that matter.......just let us know when to sell!!!!

Veteran Advisor

Re: What is the next resistance level on May corn?

My settlement price was no where near my prediction.    Overall, I had a good day but had to get in and out many times today.  

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Veteran Advisor

Re: What is the next resistance level on May corn?

Smiley Winkok roarintiger1--I think i figured it out.

 

use a fork to eat solid food, spoon for soups and sauces.

 

you'll only see lines on my charts. triangle-ish figures might start to appear if 2 lines are converging

 

most tech people use MACD, stochastics, RSI, moving averages, any many more bells & whistles, as they are called 

 

giolucas, glad you had a good day. I was too high for bean close, too.

 

Thurs should be an interesting day with Mar. C/B LT @ noon... CH is about +28, SH +25

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Veteran Advisor

Re: What is the next resistance level on May corn?

cx,

 

Ill still buy that steak dinner.

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