We should enter longs in CORN at market open tomorrow, our risk is 85 cents down from our entry (whatever that is), so size your trade accordingly, risk 1% on the position, and aim for a 13.95% rally, to begin with. There's a possibility that this is a long lasting bottom in this commodity (and possibly many others), so don't miss out on the move.
Good luck,
Ivan Labrie.
Komen
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The move started, add to the trade and trim the stop loss down to today's low.
Komen
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Looks good.
Komen
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I hope you added at the open today.
Komen
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3rd time to add tomorrow at the open. Move all stops to Sept. 12th low at 18.74, and add a 1% risk entry at market. We can expect a strong surge in the coming days.
Can you go into the rationale for the trade? Catch up to crude oil?
IvanLabrie
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Yes, exactly. Also commercial traders have been accumulating net long positions for a long time.
I think most commodities will rally with oil here, and it's been a reliable indicator, since they both move in tandem as per your analysis.