NFTRH+ Dry Run; CORN Trade

Just getting comfortable with the format.  Please dear non-traders, tune out these updates.

As noted in NFTRH 287, CORN was dropping toward a lower channel line.  This morning what I think is a chart anomaly dropped it through the trend channel.  It currently resides right at the lower line, just above the 50 and 200 day SMA’s.

corn

I had noted CORN might be added back on a test of the trend line and that is what I am going to do.  Risk is controlled below the moving averages.

Buy target:  Trend channel bottom

Initial Target:  Trend channel top

Stop Loss:  Below SMA’s 50 and 200, as suits individual risk tolerance

Profit alert (reminder) issued on 4.25.14 with price above 35.

4.29.14:  4% Profit taken.  Channel top target is still open for those willing to continue speculating.