Good day traders, ARP here
The theme in my view going forward is there will be a lot on the table. A figure of speech of course implying the volatility in my opinion will remain large and this will create opportunity and risk.
For the busy ag producer I offer my services to attempt to assist in a viable market related plan.
I attempt to offer keep it simple rules that you can deploy when markets are at my olive line extreme levels.
THE APPROACH
I suggest placing open orders at specific levels with stops. I look to assist customers looking for market turns.
I attempt to suggest 3 cent risks in the grains,.60 cents in the meats. This style of trading utilizes stops and takes patience. I attempt to suggest keeping losses small.
We will accept being stopped out attempting to play for more meaningful moves defined by my olive line approach.
GRAINS
In the last week I have issued (OLB) olive line buys in KC wheat.
A dip to 510-511 kc is another OLB, 2nd time down. Use stops.
Chicago wheat 506 olb use stops.
Corn an olive line buy was issued last week use stops.
Dec bean oil I am watching for a spike down which would indicate an olb for bean oil. Patience.
STOCKS
I issued (OLS) olive line sells in the dow, S and P, nasdq last week. Check the levels quoted.
Use stops. Money management is key. There are no crystal balls.
A brief overview today on my approach. I hope you find it useful. Give me a jingle.
ARP alan palmer
over and out
Specializing in providing timely technical advice to the AG business community. Contact me for a free outlook in your specific product.
Alan R. Palmer
Sr. Strategist
Direct: 1 312 957 8248
https://portal.straitsfinancial.com/user/register.aspx?brokerid=268
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