Support and Resistance Trading Forum

Re: Frustrated
By:Erich (vendor, CTA)
Date: 3/1/2008, 9:04 pm
In Response To: Re: Frustrated (Alan C.)

Another thing you can do Alan is consult a shorter term chart for opportunities. When prices are heading to the moon on the daily then you might consider taking a signal off an hourly intraday (even if you're not trading intraday). This will help keep you stops tighter and allow you to take a signal that might not be present on the daily.

But with that said, patience is the order of the day. I can't see trading Wheat anytime soon, nor Soybeans for that matter. Corn and Oats, maybe, and if we see resistance in Bean Oil I might give it a go, but there's lot's of other places we can play besides the grains.

Erich

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