Wednesday, May 2, 2012

May 2nd

10:38 CN12 - Corn touched my Fib # in the overnigh at 624 and bounced back up to settle at 628, Implied Open is 629..VP is again giving me a +1 with a range of 625-635... Opened below 628 and looking towards 625 need a break of 624 4/8 to proceed downward... currently trading at 626

5 comments:

  1. 11:17 Put in an order to less my put at 20 cents, Made it down buy didn't clear... that was at 618, current price 621

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  2. 11:29 - No Fill, order canceled... Got into this trade alittle early and now looking for an exit OR extreme downward action...

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  3. 11:46 - Stuck at 623, "Middle of the Road"... with an open at 628 and a low of 618... Dead Center... Long wick on the 60 min Chart, may imply further downward action OR Lack of committment of sellers... Time will tell... Still worried about buyers entering the market and pushing the price up early...

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  4. 11:53 - Place new order to sell for 20 cents... Order working...

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  5. 12:15 - Order Filled - + 4 cents ...

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