Posted 5/20/2015 14:45 (#4581931 - in reply to #4581905) Subject: RE: Speaking of the Wheat market..
I will also say, when the front month was in the $5.80 range on KC, everyone was all bulled up (including me). In a private email with jpartner he told me we were about fizzled out. Next stop ended up being about $4.82 on the front month which was also something he predicted (indirectly, he pointed me to the hagopian line of a fork).
So realistically, my meager almost success above was due to jpartners insights. This most recent sell (if it is a success) was my idea alone so if it turns bad I will attribute it to my inexperience rather than a failure of charting.
Had I been mentally prepared for what jpartner was saying back when we were at $5.85 or so I would be in a much better position than I am now.
Lines are cool, but market structure rules
