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Central Missouri | I add in rsi divergence and high volume reversal days when I trade this signal. I now have some timing info that helps dramatically. In the spec account I only trade when they all line-up but hedging is different. This signal if it materializes will have about a 20 cent risk; as if corn goes to new highs it will do it in the face of a 13 billion bushel harvest and seasonals saying lower. That would take some big market mo-mo to get that done and would signal that someone or something is being done in a big way behind the scenes.
Add the dollar chart to this and it gives more credence to corn selling off.
BTW, I have been stuck in a sideways market with the macd but if you filter it with the above it keeps you out of most of those. If you stick with it in a sideways market you will always emerge with the trend.
Edited by ehoff 8/24/2010 08:27
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bean/corn macd
