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Blame It On Your Broker? Corn bottom, Sold. Hogs-Pay Attention. Margin call Liq Trade?


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All rumors, news and not, levels guesses (hopefully educated) levels and ideas to cut through the hype in commodities today.

Welcome Speculators, full and part timers,

ARP *
From:
Alan R. Palmer
Subject: Early

These markets to me seem why we need to trade with stops.
Bonds had ols. It's been posted for weeks. 149.22

Key reversal CZ, and OLB. Off to races. Like meats in reverse?

Dollar caught a few levels, this time. High and low ***. Today, yest.

Corn option pros aso of Fri had to sell more corn, gamma on way down, CN 3.44 OLB#1 of one-year old 1st Trump Tariff Bottom.

Remember? Beans 770 was it? Beans still missed my extreme.

I like corn.

Meal- hit and filled 2.83.90 OLB2 was hit in extreme panic, OLB1 was 292-ish?

Key Reversal, other stuff Monday weekly turn around. If you got stopped out? You got stopped out on Mute the NEWS syndrome.

Buy it back now, my opinion.

This is day 2 of bull mkt Corn.

I keep thinking wheat has MOLD but what do I know?

China slaps limp d tariffs on only $60bil folks.

Idiot Repub from ILL says it costs a few bil to farmers that have been pooped on by Wash forever. RX gets hundreds of Bil.s corporate welfare. It American Way.

What if US becomes savers? Less Cheap Chinese Tech crap thats useless. Lets Rock folks.

LH- Feb90.53 stands as Olive sell OLS1, a biggy. We have levels here to buy FEB on break.

This CME auto-stop limit rule is dangerous for you. Algos I say are gaming. It has to do with that GAP STUDY a recent HFT geek explained. Stops turn into stop limits if they' determine we gap too low. So much for liquidity exchange arguement? Easily gamed by algos makes this a brokers nightmare with hanging chad unfilled stops.

This is also another reason to go home flat and pay the stupid commission. I was capped at $26k in old days. Dont know whats your problem.

Trading mkts.

So if flat yesterday you had chance to buy limit for a big trading opportunity counter-trend rally to settlement price. Dah.

Thats all market offered now.

Or a monthly in a back month?

My charts have these displayed for actionable levels to step off longs in this case. Ahead of time.

Oh Yeah, your in for the long haul. I can't trade that way.

I am bullish hogs, watch June by lows.

Spreads are crushing any left-over profits on longs. This is what I have said about this rip your face off, extremely high volatility options that say limit days will be norm next 30 days.

How about 3 limit downs and 8 limit ups to new highs?

Expect the Unexpected was text to me by Nephew. Sold.

Bonds hit OLS handle.22 last 24 hours. Sell bonds with new high stop.

OJ bottomed v possible, coffee 91.60 this time down, lotto calls now, Dec. 140. Look for 50% rally again.

Blame your Broker

Option Elliot Expert J Lunney speaking as a local went on rant about when you have your balls in mouth and only then come to your broker to make call, in chaos and undermargined, throw scared in also. Lunney asks why your in place to begin with,

coming from traders that have heard that story *100.

Alert For stubborn long hog campers? I am not that bold with the call that takes you out.

THAT IS WHY I PREACH

I COULD NEVER LET MYSELF GET IN THAT POSITION AGAIN.

ie. Make good risk reward trades and Mute the NEWS. Scalp Hogs for 250 points now if scale buys working.

If you listen to TV talking heads? your problem. I guarentee its useless and unprofitable.

Its a hook for those that bite.

Right?

Buy corn day 2 today. Get some n the cards, now buy break. One chance next 48 hours? Be ready scale down and you may miss it in my humble opinion.

All markets are offering very good per-specific situation trading opportunities in,

CZ W KWN again, meal, OJ Coffee, bonds, dollar, buy calls now. Dont slap it on huge.

buy wheat calls were hit on downstoke near lows last week.

Stick open orders in. They just might get hit.

Cattle- maybe bottom but OLB are lower. FCK hit but old.

LC cattle spreads, MV? $3.00ish. I chart it, have levels. Hogs fronts see saw to backs and back to June again, watch over 9020-ish, FEB looking worse. LHQ outside up day but?

We closed limit down Mon and gapped higher. Unusual. If you need a level feel free to give me a jingle.

Alan Palmer

HighGround Trading LLC
425 S. Financial Place Suite 2301
Chicago, IL 60605
312-870-1184

AlanP@HighGroundTrading.com

https://accountforms.rcgdirect.com/default.aspx



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About the author


Alan R. Palmer, Sr., is a successful independent trader and technical analyst specializing in agricultural, financial and stock index futures. He has worked primarily in the markets traded on the CME Group.  S-3 registration.

Alan started trading at the Chicago Board of Trade in 1986 in the 30-year U.S. Treasury bond pit as a local. In 1987, he bought his full membership the day of the historic crash and moved back to his passion, trading soybeans, and grains along with bonds and stocks.  Moving from pit to pit as market indicators dictated, Alan used his charting calculations to spot pivotal points as markets crossed key levels.  This acumen is Alans specialty and now he delivers this knowledge and experience to his customer base.  He offers a macro thought process to viewing markets and players as they act with predictive behavior acumen.

He began his career in the futures industry as a summer runner while thirteen on the floor of the CBOT in 1973 delivering orders and learning the rudimentary workings of the markets. He graduated from runner to phone clerk, delivery clerk during the Hunt silver squeeze, working for various brokerage firms. After earning a Bachelors degree from DePaul University while working full time, he began a career as a proprietary trader with Paul Tudor Jones, a world-renown money manager, where he perfected his technical analytical techniques.

Alan has appeared on CNBC, Bloomberg, CNN, and has been quoted in The Wall Street Journal, Chicago Tribune, Chicago Sun-Times, Bloomberg and Reuters newswires. He is the founder of NASDOG.com, an independent Paid research and charting web enterprise, based on time-tested, support and resistance calculations for predicting multi-market swings, levels. Alan holds an undergraduate degree in Business Finance Administration from DePaul University in Chicago.

 

contributing author since 12/03/2017

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