Been continuing to trail our Stop behind the low of 2 closed candles back each day. Starting today I'm changing the Trailing Stop to just under 1 closed candle back.
So, the last trading day was 12/24/2020 and the low was 446 1/2, so I just moved the Stop up to 446.
I tightened the Stop because we're very overbought, we've had an unusual number of green candles in a row, I'd like to capture profits in this calendar year, and tomorrow is a full moon. There seems to be a body of evidence and many successful traders that show there is a significant correlation between trend reversals in the grain markets and full as well as new moons.
Here are some very intelligent, successful traders with followers who are convinced of this correlation:
Tim Bost (www.timbost.com)
Norman Winski (www.astro-trend.com)
Shane Smoleny (www.wolftraderfutures.com)
Bill Meridian (www.billmeridian.com)
Arch Crawford (www.crawfordperspectives.com)
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