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| Was stopped out of my hedges at 4.87'4 for a 4.5 cent loss and am long in the field again on 100% of production. I feel I picked a good place to try for a short term top with it being the .382 retracement of the 2008 top along with the Doji candlestick. Next area I have is 540-550 which is the 50% retrace of the 2008 top. at which I will try once again to put my hedges back on. My idea yesterday was a very low risk type trade the kind I love. A well defined area with a tight stop. Corn showed me today just what kind a bull it is and a mean one at that. There is really nothing in its way to 540-550 besides the round psychological number of 5. Would love to see beans run to 1125 with it but just not sure the bean market is ready to move yet but I think it will eventually. Time will tell!!! | |
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Ya win some ya lose some
