This chart shows a confirmed T1 and T2 per the Cahen method of trading as explained in this book, Analyse Technique et Volatilite. It was somewhat more difficult to position it than the corn trade (next post), but is already in the profit. I consider this a long-term trade. For the first few days, I will manage it with great attention, possibly exiting and repositioning over the next few days, until the uptrend is confirmed. Quite remarkable given the tremendous strength the Dollar showed today!Thursday, August 14, 2008
Wheat -- New Uptrend
This chart shows a confirmed T1 and T2 per the Cahen method of trading as explained in this book, Analyse Technique et Volatilite. It was somewhat more difficult to position it than the corn trade (next post), but is already in the profit. I consider this a long-term trade. For the first few days, I will manage it with great attention, possibly exiting and repositioning over the next few days, until the uptrend is confirmed. Quite remarkable given the tremendous strength the Dollar showed today!
