MadTiger Posted May 3, 2020 Report Share Posted May 3, 2020 Long. As stated, the heads that can't be processed still have to be maintained. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Alright new lows of 2773.00.. Lower stops to 2786.00 Trade 1Short 1 June ES 2784.00PT at 2744.00Stoploss reverse orders at 2786.00 So guys we have only a 2pt risk now... Trade looks very very good... Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 3, 2020 Author Report Share Posted May 3, 2020 Ted u understand this. We sold 1 June emini at 2784.00 Market proceeds to sell off to 2773.00... We trail our Stoploss 13pts... Initially it was at 2797.00 but has since been lowered to 2786.00, 13pts off the low of 2773.00 Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 3, 2020 Report Share Posted May 3, 2020 Long on corn July contract. Unless farmers start killing their cattle they have to be fed, the bottleneck in the supply chain is the processing plants. Even when the plants start running at capacity the restaurants can't open up their dining rooms to 100% for a long time. The beef on the hoof inventory is growing and they eat a lot of corn. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 3, 2020 Report Share Posted May 3, 2020 So guys we have only a 2pt risk now... Good job. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 I believe the corn market opens at 9:30 am cst tomorrow morning... Where did it close Friday and are you currently in... Or are u buying at open, if so is that not dangerous due to gap openings up or down.. Your fill could be terrible. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 4, 2020 Report Share Posted May 4, 2020 I believe the corn market opens at 9:30 am cst tomorrow morning... Where did it close Friday and are you currently in... Or are u buying at open, if so is that not dangerous due to gap openings up or down.. Your fill could be terrible. Closed 318 Friday. I have a buy order in effect at that price. If I miss it by at that number and pay 318.10 or .20 it's okay, I'm taking a long position and i think the fundamentals support it. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Jimmy I used to be a good chart reader and I just looked at July corn... Obviously the trend is down, contract low is around 309.. Current price is 318.50 GL Jimmy if you go Long... There is no way I could buy this market... Looks like much resistance around 330... I'm reading a daily chart... I'd sell the crap out of if it gets back to 325 but that's just me but I can read a chart and just telling u what I see.. Quote Link to comment Share on other sites More sharing options...
Boatboatboat Posted May 4, 2020 Report Share Posted May 4, 2020 Ethanol and china exports dead Quote Link to comment Share on other sites More sharing options...
Boatboatboat Posted May 4, 2020 Report Share Posted May 4, 2020 Input cost way way down Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 So are u currently long or are you getting in at the open... U know it probably won't open 318.. Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 4, 2020 Report Share Posted May 4, 2020 No one can read a chart like a convenience store clerk! Teddy you should get Omar’s input here too. You’ll kill the markets!!! Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 I hate the idea of buying or selling at the open... Being a small trader you can guarantee that you will get filled very badly.. I've seen it many many times. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Joey be quiet and let the adults talk.. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 4, 2020 Report Share Posted May 4, 2020 Lol. Quote Link to comment Share on other sites More sharing options...
Jimmy Hoffa Posted May 4, 2020 Report Share Posted May 4, 2020 I'm no adult. Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Alright Jimmy globex is trading right now.. July corn is at 316.00. Down 2 cents... Quote Link to comment Share on other sites More sharing options...
Boatboatboat Posted May 4, 2020 Report Share Posted May 4, 2020 Spring weather reports outstanding Much of midwest knifed in anhydrous the past 4 days.Ahead of schedule Quote Link to comment Share on other sites More sharing options...
Boatboatboat Posted May 4, 2020 Report Share Posted May 4, 2020 And as astute investors know input cost [which also include harvest drying transport cost] at 15 year lows Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Very hard to trade that news.. Price now 316.00.. Buy it here, u get 2 cents better than 318.00.. I don't think you should buy right here... Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Emini rallying.. We may be stopped out at 2786.00Current price 2782.00 Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Emini wandering around now. Trade 1Short 1 June ES 2784.00 PT at 2744.00 Stoploss reverse order at 2786.00 Last price 2778.00 So we sit and wait now... Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 4, 2020 Report Share Posted May 4, 2020 Wait until June? I thought this was a daily thing like Candlestick and 3-Bar Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 If I were long July corn I'd put a Stoploss at 308.75 just under contract low of 309 If it breaks that u don't want to be long corn... Quote Link to comment Share on other sites More sharing options...
The Falcon Posted May 4, 2020 Author Report Share Posted May 4, 2020 Ted, June is front month, that's just what we are trading right now... Just like Jimmy is buying July corn... Its merely the terminology for the front month.. Quote Link to comment Share on other sites More sharing options...
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