The Falcon

Go pull up a chart for July corn, look at a Daily chart and tell me what you see.. I'll tell you, they are selling every attempted rally... If I were trading it, I'd simply wait for next rally and sell it.. I see nothing at all that says buy.. If it goes up tomorrow, they will sell the hell out of it before it reaches 330.00..

Jimmy I was a technical trader or chart reader... I couldn't go Long until the technicals said I could.. Given your information (glutton of cattle) and wanting to go Long July corn because they still have to feed that glutton.. You need to wait for a bottom to form.. Absolutely no reason to think it's right here.. The only possible way to go Long right here at 316.00 would be to buy some Call options and just hope your right... Since I'm just goofing around right now, I'll watch July corn and tell u when I see a buy signal... If your convinced to go Long right here put your stop loss at 308.75..

Alright new low of 2771.00 Trade 1 Short 1 June ES 2784.00 PT at 2744.00 Stoploss reverse order at 2784.00 This is now a guaranteed Free trade... Our Stoploss is trailing 13pts from low, exactly at our entry.. Setup for a great Trade 1

New lows in the emini 2772.00 Lower stops to 2785.00 1pt risk now.. And perfect use of a 13pt trialing stop, just like riding a bike..

It has always amazed me that gamblers know nothing about trading. The biggest form of gambling in the world, right at your fingertips and I might as well be speaking Chinese.

Do you think the bottom is in on July corn at 309.00 If you do, it's a buy right here and a stop can be placed at 308.75 But I'd wager almost anything that July corn trades under 309.00 Hard to pick a bottom in a down trending market.. Ever try to catch a falling knife.. Sorry things are just flooding back for me. Falcon

Gotcha, your looking for a spot to get long... U need a bottom to be placed.. If I had time to watch this, I could tell you where to buy... You need a double bottom to form... Double bottoms are very solid.. Triple bottoms will get broken... Honestly I don't see how a small trader trades fundamentals... It almost has to be technicals... Ill be quiet..

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..

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...

Emini wandering around now. Trade 1 Short 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...

Emini rallying.. We may be stopped out at 2786.00 Current price 2782.00

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...

Alright Jimmy globex is trading right now.. July corn is at 316.00. Down 2 cents...

Joey be quiet and let the adults talk..

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.

So are u currently long or are you getting in at the open... U know it probably won't open 318..

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..

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.

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

Alright new lows of 2773.00.. Lower stops to 2786.00 Trade 1 Short 1 June ES 2784.00 PT at 2744.00 Stoploss reverse orders at 2786.00 So guys we have only a 2pt risk now... Trade looks very very good...

Market tried a rally but failed.. Current price of 2778.00 Lets make more new lows.. So u going long or short corn... What month..

Market trying a rally. 2784.00 now.

I'm trying to figure out if I should reverse my position upon exiting the trade or simply get out and wait for next setup...

Yep Jimmy, what I'm doing is a simple momentum trading system... Fundamentals play no part in this. But our logic is very sound... Reduce risk, limit losses and let the winners run... That's trading 101

Trade 1 Short 1 June ES 2784.00 PT at 2744.00 Stoploss reverse order at 2789.25 Mucho pressure on this sucker....