In this post we'll be reviewing our biggest moving report, March Grain Stocks. I learned about this trade before joining jobb and was able to take it several times. Unfortunately one of those times was a loss which ill be discussing below. I'll also be discussing my trade plan below. Lets start with my loss. To view the video go here: http://www.empireambition.com/2013/06/62813-700-grain-stocks-live.html I'm not sure what it is about the June release but below you'll see the charts for June 2012 and 2013. Click the charts to make them bigger. What do they have in common?
6/29/12
6/28/13
Hopefully you noticed that vicious whipsaw action over the past 2 years in June. If you watched the video above for June 28 2013 you'll notice the market spiked down 17 ticks, filled me, then immediately reversed and hit my stop. Easily a trade from hell and ill most likely skip Grain stocks June 2014 when it comes around. We cant let one bad trade spoil the bunch, lets look at some of the other releases and you'll see that they produce nice and orderly spikes. Below you'll see 9/28/12 and 9/30/13. Both great trades.
9/28/12- 93 tick initial spike
9/30/13- 22 tick initial spike
Nice looking trades right? Lets continue on and check out some more so you can see how consistent this release has been for us.
1/11/2013- 100 tick initial spike
3/28/2013- 105 tick initial spike
We'll skip June and September as you saw those above. Lets jump to the most recent release in January of this year as it was a great move.
1/10/2014- 53 tick initial spike
Hopefully you get what im trying to say here. This has the potential to be a great trade for us and has done extremely well in the past. Ill be trading this one live as I tend to stick to the grain and bond trades. Ill personally be using a 12-14 tick bracket on this one. There will be less competition for fills and hopefully less slippage. Speaking of slippage ill be using limit orders with a slip setting of 20. Which means I wont accept any more than 20 ticks of slippage, if there is more I simply wont be filled. I haven't yet decided what take profit ill be using on this trade so that's basically my trade setup. Lets hope for a good trade and ill update again as we get closer.
This release comes out Monday March 31 at 12 noon. I've tried it without JOBB in the past but the jobb software makes everything so much easier especially with the slippage control and automation of bracket entry. All I have to worry about is watching to see if my take profits are hit and if their not I just move my stop. The less work I have to do the better as im prone to making stupid mistakes, sad but true. Ive been asked in the past if this can be traded in mt4 and the answer is no, I haven't found any mt4 brokers that offer grain futures. If that changes ill be sure to post it here. Anyway that's it for now folks, I hope this was of benefit to someone and I hope everyone is ready to take advantage of this opportunity.
Here's the Agricultural News Calendar I use: http://www.usda.gov/wps/portal/usda/usdamediafb?navid=AGENCY_REPORTS&printable=true&beginday=ALL_DAYS&beginmonth=0&beginyear=2014 Just skip to March
To get more details on the jobb software CLICK HERE.
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