OffTheFloorTrader
Long

Corn acting well.

CBOT:ZC1!   CORN FUTURES - ECBT
Corn             is still acting well. We were able to take off half our position this AM. We didn't quite hit our first target at the gap fill but captured some decent profits. IF price closes inside the descending wedge we will be out for a small loss and will look for another set up. Stay tuned!

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Good good. I sold my Dec Corn too at 379,50 yesterday. On my Chart it was still the range top, with Kijun Sen as top resistance as well. When Slow Stoch bottoms, I will try to buy a dip again. What is also interesting that by now Donchian Channel tightenned in. I think we'll see some more bottom building here, then maybe up again. I will keep an eye on it.
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OffTheFloorTrader Kumowizard
2 years ago
Thanks Kumo...we will hold until it closes inside the channel. It's down about .5% pre market so it's not looking good. However, another leg down will give another opportunity. Trade well
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Kumowizard PRO OffTheFloorTrader
2 years ago
I re-bought it today as well during European trading hours at 368,50 (dec fut.)
4 Hrs setup still looks promising. Did not bounce below 365 today. It sill looks like a range, but maybe it will develop to a major bottom building and some more rally up to 400.
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OffTheFloorTrader Kumowizard
2 years ago
Nice job Kumo...we are still in it.
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