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Thanks Alan,
I like the TRADE: posts, especially like this one,
in an area I have not traded.
The trade setup and goals are clear, and I get to
see how someone trading commodities is THINKING about the
market and the trade.
My $.02
rcb
Alan Sears wrote:
>
> > Lets hear exactly where you entered the trade and how many contracts,
> > ect.
> > Also why did you pick this trade and not take that trade, you know the
> > old
> > I would have done this and I wouldn't have done this cause stuff. Z
>
> How about this type of stuff ?
> Is this of interest to anyone ?
> I posted this to another private list (DGL Traders group)
> on Sunday Oct 26
>
> ===============================
> Dec Corn : Sell Monday, risk 295 1/2
>
> Corn opened up nicely on Monday and I was able to get short
> at 291 1/4 . High was 292 1/4 so our initial stop was never
> threatened. Today (Wed) Dec Corn closed at 281 1/4 giving
> us a nice 10 cent profit ($500). This is getting close to my first
> objective of 279 1/2 . I will be taking partial profits at
> this price and entering a trailing stop on the remainder.
> I think we will see prices go much lower than 279 1/2 and
> should reach the next target of 270 1/2.
>
> ================================
> This was a real trade in real time and was posted to the
> DGL traders group. Myself and others in the group placed
> real orders with real brokers and made real profits :)
>
> I do not have anything to sell
> I am not a commercial vendor
> Most of my work is based on Fibonacci as you can see.
> This may not be how other more experienced traders use fib ?
> each to their own I guess, I think this is an art not a science,
> what works for one may not work for another.....
>
> ---------------------------------------------------------------
> [Image]
--
We create our society every time we interact with someone.
What kind of society did you create today?
Richard C. Bond Sr. / Seattle 1986
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