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TFC Commodity Trading Forum

Re: WH12 Wheat March/Gian
In Response To: Re: WH12 Wheat March/Gian ()

Just pulled off another small short in wheat. It started going bad, so I got out and am on the side now. However, the rules for the key reversal set up are still in play. We may very well see a drop to the 9 day moving average before it's all done tomorrow. This is based on the divergence in the 4 day MA and the upper Bollinger band. and the cross over of the price bar and the 18 day moving average on the 30 minute chart. It may very well go up at this point, but be ready to pounce on and down side move that shows strength.

Tonight's short:
1/3/12 19:46 SELL 1 ZWH2 655 2/4 20:07 Exit @654 1/4 n/a $49

Reflects a $14 round turn commission.