Corn is trading below the 21EMA and is at the bottom of the bollinger band.  MACD is down steep, waiting for the right time to buy.

I always look into 1 day price action and 5 day price action to confirm the right time to buy.  Looks good when I entered Long position at 596.50 , but still nervouse and not very confident of my trade.

Luck is with me again today when I managed to sell at 601.50 giving me a gain of $250.

Ha ha ha!!

Tags: Corn

This entry was posted on Friday, May 16th, 2008 at 2:32 pm and is filed under Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.