Saturday, December 1, 2007

Soybeans first 3 trades 11-30

I wish I could say that this chart was a single trade, but it was, in fact, 3 trades. These slow, gradual trades make for real nail-biters! I exited each time when prices passed below the 8-period EMA (Exponential Moving Average). The EMA is represented in the top chart with prices, which are represented by the Japanese candlesticks. (I prefer candlesticks over bar charts because they are easier to see and interpret for me. My eyesight isn't what it used to be.)
I missed the last trade here, represented in the last 20% of the chart farthest to the right.