CORN: Go long at market open

3 months ago
We should enter longs in CORN             at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with.
There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move.

Good luck,

Ivan Labrie.
3 months ago
Comment: The move started, add to the trade and trim the stop loss down to today's low.
3 months ago
Comment: Looks good.
3 months ago
Comment: I hope you added at the open today.
3 months ago
Comment: 3rd time to add tomorrow at the open. Move all stops to Sept. 12th low at 18.74, and add a 1% risk entry at market. We can expect a strong surge in the coming days.
3 months ago
Comment: Move CORN stops to 19.07
3 months ago
Trade closed manually: Stopped in profit at 19.07
3 months ago
Comment: Should rally further now.
2 months ago
Comment: Time to reenter.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
timwest PRO
3 months ago
Can you go into the rationale for the trade? Catch up to crude oil?
+1 Reply
IvanLabrie PRO timwest
3 months ago
Yes, exactly. Also commercial traders have been accumulating net long positions for a long time.
I think most commodities will rally with oil here, and it's been a reliable indicator, since they both move in tandem as per your analysis.
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