Friday, May 15, 2020

July Corn High Risk Trade Update 1



Well, we're still alive. The high risk trade (because it was too early) is in a good position. You can see on the Daily chart above, we had a positive day, and the close was over the 8ema. It also closed over the 20sma and the Trend Line support.



Since I showed the 10 minute chart yesterday, here's a look at the 10 minute chart just after the close. You can see July Corn went generally up since yesterday's Trend Line break out.

If I didn't enter the trade yesterday I would have at the close today at a less advantageous price.

We were looking good at the close, so held onto the long position.

No comments:

Post a Comment