My trade idea methods;
Find short moments of time, offer vertical majority of recent range
Fast moves
One directional
Using customizable trail stop offers lesser risk. Stop your chop & clean-up your Slop.
I speak as lifetime pit trader.
Your farmer profile, risk accordingly. Farmers always long, biggest long gamblers I’ve said over decade.
Exp. If I said buy soybeans or coffee as a commercial user ?
I can add value insisting your going to go thru the ringer once under 3 tight support levels monthly chart, within .05 cents at $10.28, $10.32 & one or two more. Then $1.50 bean break early 2017.
Value is when show up.
10 or 20c risk as cited before a qtr end Mch maybe? Tighter risk control @ $10.54
Many more good pattern recognition detection captures 8% two day moves but markets still heating up macro big picture. I expect 20% moves predicted over past year to become common with increasing frequency from my decades of pit trading all markets as individual floor trader/broker.
I share strategies at high-impact levels that hit big or go home with small bet loss but we must hold winners why?
These special situations when catching precise turns as demonstrated last two years yield notional, large moves in commodities that range from 30% gold, 80% crude, now 50% wheat.
NASDOG theme suggested, “Buy Inflation Now” continues the last cheap discounts of large downward extremes not only naked, inter-spreads as well as intra-spreads in the same commodity are ending. The good part of this cycle will soon approach “recognition phase,” get it?
I invite you to learn from a Sr. discretionary pit pro the deciphering musing daily that alert you to common “fake hype” vs. the real deal. Dozens of examples since Brexit, the biggest fake hype that produced a British Pound extreme olive buy, like Trump Mexico peso and stocks.
Do you want to buy on conditions, breaks, strategic extremes, or blow-out at the panic chaotic hype?
Will you be strong enough to entertain this trade-idea methodology in the face of Fake News?
Will you realize this is the safer way to play these wild swings that offer out-sized Reward vs. Risk?
If not, we can always trade oats or something your comfortable that is less volatile but you may learn an even more valuable lesson.
When to stay out of the way which I think adds value to you. My goal is to be your broker for life.
MANY MKTS LIVE, NOW NASD this weekend, have your rules in place. Corn did bounce 3% today after yesterdays late issued buy 382.0 level, 392 the high was a level on the chart if you go back and look. Hogs, look out folks as this hit the OLS levels as has been talked about last month. The setup has occurred, is the crowd bullish?
Arp