What you don't see of course are the special technical studies I have developed over the years expressly for spread market entry signals. I also work in multiple timeframes.
I bought the ZW H2:N2 on Monday, August 15th. In terms of my rationale, as I explained that is proprietary to my client work - I have models designed expressly for spread trading.
That I cannot do for you - my apologies. Do you have access to a Bloomberg for that forward curve functionality ?
Here is an update re: my live Wheat March12-July12 Calendar Spread. The blue crossover is the entry point, the green horizontal line is the profit target, and the red horizontal line is the stop-loss level. My apologies in advance for leaving out the spread-specific technical studies working in multiple timeframes.