Monday, December 31, 2007

Soybeans #3


Amazing! Trades are very active, but indecisive today.

I nearly got out on the long green candle that straddled the yellow dotted line at the top left, but by rule is that I won't exit with a loss unless prices reverse to cross back over the EMA and/or close above the candle where I entered the trade, which it didn't do in either case. This was a nail-biter, as many/most of them air, for the first few minutes until the trade becomes profitable and I can set a stop loss at break-even. That is always a relief when I place that break-even stop loss order.

I was reassured, however, throughout this trade that the Klinger volume indicator continued moving solidly down the entire time (see the red line in the subgraph).