IvanLabrie
Long

Oats futures: Go long the front month futures

CBOT:ZO1!   OAT FUTURES
111 10 16
Use a stop loss under yesterday's low, risk 1% max, and aim for a 10% rally from here.
Commercial traders have been increasing long positions, and the chart is very bullish , and outperformed most commodities in the previous session, so this is a very attractive setup.

Good luck,

Ivan Labrie.
Comment: If stopped out, place a buy stop at 178'6, with the same stop loss we have now.
Trade closed: stop reached: Wait for a breakout of the highs.
Trade active: The breakout order got filled, and trade is in good profit.
Comment: Great!
Comment: Close half of the trade now and move stops to today's low. Last: 182'4
Comment: Amazing move.
Never traded Oats before but I like the idea. Definitely shouldn't, my plan dictates I don't touch the dial for 2 weeks to allow other positions to mature. However... here we go
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IvanLabrie PRO RJHumphries
Keep risk small, 0.5% is a good start. Then you can add, when for instance, we break above my buy stop reccomendation.
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Stopped out... This is a volatile beast. I suppose the trade still stands. Re enter??? Questions!!
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IvanLabrie PRO RJHumphries
Reentry is on a breakout of Sept 14th's high, same stop.
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Missed it. What a bugger
+1 Reply
IvanLabrie PRO RJHumphries
Ah, too bad...always good to catch the breakout of the range, safer.
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IvanLabrie PRO RJHumphries
Caught rice?
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Nope. Got on copper and oil but not the food stuffs. Rice still rolling?
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IvanLabrie PRO RJHumphries
Yep, suggested closing half.
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thanks ivan,nice work
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