zaterdag 16 april 2011

An update on our trade rough rice Futures

We have seen lot of mustard on the action of the price of rice rough, since we launched our long position of contracts at end of May 2011 - but all of this, we are on the point where we started: Rough Rice Chart Futures Trade February 2011which, in realityis perfectly with me.  Since I usually use a minimum of 15 days as my judgment on these trades, a week or two of sideways trading is great, because it triggers the stop - and therefore reduces the risk on trade.By entering into this trade earlier this month, we really use cents 13.50 as the judgment.  After a few weeks of sideways action, we may collect as up to about 15 hours, or even 15.50.Rough Rice Chart February 2011Source: Barchart.com
For the underlying reasons and the motivation behind this trade, see the article I wrote for hard active investor: why we are setting for a rally in the rice.

View the original article here

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