Trade Ideas in Commodities

This is a discussion on Trade Ideas in Commodities within the Commodities forums, part of the Financial Markets category; Oil made 1,2,3 High reversal pattern and Rh completed in friday If the Monday open is inside friday Range there ...

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Trade Ideas in Commodities

Oil made 1,2,3 High reversal pattern and Rh completed in friday
If the Monday open is inside friday Range there is good sell opportunity
Sell 1 tick below 69.70
stop above 70.70
limit@ 68.70
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Mr.Black started this thread CK06
Corn is in congestion , if Open is contained by friday Range
Possible trade will be
sell 1 tick below 230"0
stop 1 tick above 234"0
limit@226"0
This congestion can be representation of accumulation or distribution.
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Mr.Black started this thread Filled on oil trade
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Mr.Black started this thread Oil trade closed @69.14
P/L+0.55 or $550 per contract on Exit1
and P/L +1.19 or $1190 per contract on Exit2
If one trade by the book and have nerves of steel He will exit part of the position on the point of the hook
and move his stop to lock profit and close the remaining contracts on exit2
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Last edited by Mr.Black; May 8, 2006 at 12:09pm.
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Mr.Black started this thread It is very possible that will be Gap Opening for open auction Corn today
So if is Gap open I will pass on this trade
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Mr.Black started this thread Yep there is gap open so no trade on Corn
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Mr.Black started this thread After congestion break-out there is new formed Rh
The possible trade opportunity will be
if Monday Open is inside Friday Range
buy@73.34
Limit@75.04
stop@71.64
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Mr.Black started this thread The trade is cancelled for reason no fill . Oil still in congestion area
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