Registered: Sep 2011
04-12-12 09:20 PM
Quote from FrankSlaughtery:
when i read the comment "i guess you'd have a lot of oj to drink" oj almost came out of my nose. obviously this applies to any commodity you're trading (e.g. "i guess we can make a lot of bread w/ the 50k bushels of wheat i now own").
re ideas for trading OJ, looking at the chart which is all i do, since the middle of march it has been in a steep downtrend so either short or stay out - no need to try and pick the bottom.
for those inclined to pick the bottom, wait for an up day (OJ hasn't had one for 6 days in a row!) then place a small stop below the low of the day.
That's exactly how I interpreted the statement "I guess you'd have a lot of oj to drink"
Also, I have seen that OJ hasn't had an up day in the past six days as well! I must say though it looks like an up day for OJ may be just around the corner. Guess we'll have to wait and see