Need SOYBEANS to pop tommorrow

Fishhead · 10-01-08, 11:01 PM

With the title of this thread, perhaps should have went long corn......easier to "pop".

LMFAO

Tsoprano · 10-01-08, 11:03 PM

I've made a lot with soybeans in the past.

Interesting market.

betplom · 10-01-08, 11:06 PM

Originally posted by Tsoprano

I've made a lot with soybeans in the past.

Interesting market.

What did you make with soybeans?

I found a great website for soybean recipes, you've probably not made these meals with soybeans, but you could.

http://soyfoods.com/recipes/index.html#anchor821160

Fishhead · 10-01-08, 11:08 PM

Originally posted by Tsoprano

I've made a lot with soybeans in the past.

Interesting market.

It's amazing how government and false USDA reports can move the market.

I guess the stock market is the same.....

Kingctb27 · 10-01-08, 11:35 PM

Haven't done them in real life but I did a study in school with my economics teacher and Oil was money if you could get it at the right time... My teacher said he once scored 35k in one year on Soybeans because of a flood in Iowa... Seems to be a market that can be had.

jjgold · 10-02-08, 11:12 AM

Commodities are like playing Russian roulette, virtually impossible to beat them.

fiveteamer · 10-02-08, 11:20 AM

I love edamame.

SlickFazzer · 10-02-08, 11:27 AM

I need to learn more about the commodities markets.

Fishhead · 10-09-08, 08:28 AM

Is it possible???

We could have back-to-back days with NOV. soybeans moving up!

Let's hope so..........at these levels, I need about 5 straight uptick days just to get back to square one.

Beans up 20 cents pre-market...........

fiveteamer · 10-09-08, 08:38 AM

I'm heavily invested in pork bellies

fiveteamer · 10-09-08, 08:40 AM

And in ShamWow's.

Fishhead · 10-09-08, 08:41 AM

Originally posted by fiveteamer

I'm heavily invested in pork bellies

I never mess with the animal market..............only metals and grains...........and occassionaly with heating oil.

Metals and grains are my specialty.

Fishhead · 10-09-08, 11:40 AM

Beans holding steady on the day with just a couple hours remaining.............hoping to finish up on the day.

fiveteamer · 10-09-08, 12:05 PM

Fishead, are you a day trader or something?

buy and hold.

RogueScholar · 10-09-08, 12:45 PM

About ten years ago I had a lot of fun playing the currency futures off the IMM floor of the Chicago Merc. Back then, volatility was comparatively low and I could set my watch by the cycle in the Canadian Dollar. Near the turn of the century though I lost my sync with it, took a few big hits, and slowly turned my attention to other things.

Now that I see you talking about it, Fishhead, it makes me want to put my toe back in the water. I've come to really enjoy your posts, and I look forward to reading as much of your experience and wisdom as you care to share.

Fishhead · 10-09-08, 02:05 PM

Back to back UP days in the bean market.........up 16 cents today.

jjgold · 10-09-08, 02:20 PM

Fishhead I do not know what is going on with you lately

Sports
Stocks
Poker
Commodities
Horses

YOUR ON TILT

Brock Landers · 10-09-08, 02:24 PM

i was a commodities broker back in 1997, was wanting to be a trader at the CBOT, but that dream just sort of died when i was a broker seeing how it was basically a sales job, did very little trading. Got out and never went back. Made people a lot of money on Corn options then though, corn was 2.90 a bushell then, Corn Calls were very nice money makers, same with beans..

Fishhead · 10-09-08, 03:10 PM

Originally posted by jjgold

Fishhead I do not know what is going on with you lately

Sports
Stocks
Poker
Commodities
Horses

YOUR ON TILT

If beans get back to 10.50 before Halloween I will cream my jeans............

Mr. Progression · 10-09-08, 04:34 PM

well if you want me to tell you about Nov beans, i will.

just looked at the chart for you.

here is the good news, you are way off of contract lows of (919.00) todays rally went to (988.00) with a settle at (980.00), the market should and will rally to at least (991.00) as their is a gap to be filled there... it also appears to be forming a saucer bottom, which is another good sign. the market should see resistance at (1040.00) and then again at (1100.00)...... that is how the upside looks..

now the bad news, beans are now in a downward trend, the 50% retracement mark is way down at (817.75) which is still a long way to go...

one thing is for sure, you do not want to be in this trade if beans break the contract lows of (919.00)

take it from me, tomorrow is going to be a crucial day for you, beans open the night session in a couple of hours, i would assume they move higher to fill the gap at (991.00), then after that, you will have your answer..

you better hope they close higher.. if i were you id be buying some (9.00) and (8.50) "puts" as insurance.

how many contracts, are you Long?

Mr. Progression

Mr. Progression · 10-09-08, 06:19 PM

i hope this is a misprint but im showing Nov beans opening at 950 on the night session and trading down to 940

if this is true, its down (40 cents) tonight and your in real trouble, as that gap did not get filled.

dont want to be an alarmist but you better look at this situation.

Mr. Progression