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Old Apr 12th, 2012, 04:20 PM   #13
riskbiscuit
 
 
Join Date: Sep 2011
Location: NYC
Posts: 47
Quote:
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
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Old Apr 12th, 2012, 06:59 PM   #14
Opulence
 
 
Join Date: Mar 2012
Location: Atlanta, GA
Posts: 75
Quote:
Quote from Surprise:

OJ tumbling lately any ideas from traders ?
Well, I got in at 141 bought 10 contracts and sold at 146. I think it's gonna go up again tomorrow. I'm not sure though. Gonna keep an eye on it.

But how about that Cocoa today!? I bought 20 contracts at 2080 and sold at 2150!

Today was a good day in the markets!
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Old Apr 13th, 2012, 06:41 AM   #15
Surprise
 
 
Join Date: Mar 2008
Posts: 318
Quote:
Quote from Opulence:

Well, I got in at 141 bought 10 contracts and sold at 146. I think it's gonna go up again tomorrow. I'm not sure though. Gonna keep an eye on it.

But how about that Cocoa today!? I bought 20 contracts at 2080 and sold at 2150!

Today was a good day in the markets!
I am in at 54 and 39 so i am near breakeven right now , need a little extra pop and will make nice money
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Old Apr 13th, 2012, 08:16 AM   #16
ssrrkk
 
 
Join Date: Jun 2005
Posts: 440
what I don't get is who is drinking OJ made from concentrate anyway? All you can find in stores are "not from concentrate".
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Old Apr 13th, 2012, 10:56 AM   #17
1765hillwood
 
 
Join Date: Mar 2010
Posts: 108
Better call in the Dream Team!
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Old Apr 14th, 2012, 06:40 AM   #18
FrankSlaughtery
 
 
Join Date: Aug 2010
Posts: 849
i'd look to 155-160 to take profits since that's the area it broke down from. it will take a lot to break back through there.
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