SE ND | JC STONE - 8/10/2018 08:26
So do you have a trigger that let you know just before beans made their sharp drop toward the projection. Looks like it followed that line for almost a year. It looks obvious now , however who really knew when it was going to break to get oneself positioned before the break was half over.
The MACD and Stochs prolly gave some hints and we were testing old highs however I don't see how just using the ml's gave that hint.
I don't follow the MACD or Stochs at all, so I can't talk to their validity in this context.
The truth is that I was thinking that beans might have a shot at $11. I think I said as much so on here even. But, I was not in a position to pass on hedging off my beans and some corn when prices were good and knowing that price was weak as shown by the action of the minor swing as well as the major. Yes, I had a line that projected just over $11, but structure is always the key to price action. And once again in beans structure held true regardless what lines I had drawn. It is without a doubt a challenge when price is going horizontal. |
I’m afraid Ag Talk makes people bad marketers...
