seine
Long

CORN seems to have bottomed out

AMEX:CORN   TEUCRIUM CORN FUND ETV
63 5 3
In with a small size

Bull market starts with a sudden big move. This might be the beginning of a new uptrend for the softs.
Reply
Excellent!
Tim West posted a nice corn chart with a similar setup, but not an ETF, futures.
What is your target here? Stop?
Reply
seine IvanLabrie
I will check Tim's idea too.....l never have a target. targets don't mean anything. i am willing to ride the trend for weeks, months, or years :)
Stop though is at the low, few cents below the low.
+1 Reply
It might dip a bit lower to flush the 'stop at the low' crowd though. It usually happens (I believe Wyckoff had it right).
Reply
seine IvanLabrie
it might, we will see. i don't want to increase my risk. i can reenter again
Reply
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