11-24-2009, 03:50 PM
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#31 |
Join Date: Jan 2007 Location: USA Thanks: 1,912
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| Re: Trading the Grains - Soy, Corn, Wheat Quote:
Originally Posted by Dinerotrader » Here is a quick look at the ZS with some timer perspective. I made the mistake of trading the movement in the danger zone today (see chart 2). The ZS can provide home run moves as well as some nice daily moves but they usually occur, IMO, once you've gotten the extremes of the range we are in. The middle chop area provides much less statistically sound trade setups so I always come back to the idea that I should just trade the best setups and not just any setups. You'll also notice that the speed of movement and volatility are much less exciting the days were are sitting in the middle of this zone.
Look at some of the moves on the first chart where price broke out of the zone it was in. Those could be days you make 3 month's worth of money if you can manage your risk appropriately with some additional contracts.
If you have some similar analysis on any of the other grains or a different perspective on trading the ZS please post something. | Charts look good dinero! I don't really use the bigger timeframe or view much, so I don't have much to contribute there. But if it helps to post, keep doing it. Eventually we might snag an ES guy to come over to our side. |
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