- Waited and waited for a rally to sell wheat . When it finally did, I was worried overall IMR usage was too high. Now that IMR is back within my risk parameters (squared some ED spreads which was the largest position here, overwhelming everything else), I have thrown caution to the wind and taken the plunge in wheat. Run out of patience awaiting better entry.
- Sold Jul11 Wheat (WN1) @ 762.
- Monthly : Nothing special. Missed the best selling levels. (Actually did sell, but taken profits too early).
- Weekly : Uptrend reversed.
- Daily : Double SHS top. Currently in a bear flag.
- Am looking for 650s on the downside.
1 comment:
Stopped out @ 802.50. Very painful.
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