Potential Wheat Sell Set Up

[Eddo]

I hope Iam not posting this thought in the wrong place, however, now that I have found out how to use the MTP efs with the Esignal EOD Futures data I have come up with what seems to me to be a good looking potential trade on Wheat. However like my current Forex trade (which has just been stopped out :mad: ), I have not experience in trading Ccommodities and would be grateful for any comments or thoughts on the attached.

The Weekly chart looks to have run into nice resistance after an ABC correction and the Daily chart is now giving a nice looking 4:1 RR sell set up - anyone got any thoughts - many thanks :)

[Steve Griffiths]

Hi Chris,

Thanks for the post. But I would say that the minor Wave c looks to be far too long (when compared to the Wave a and b swings) to be ideal............

Thanks and I hope this helps ?

Steve

[Steve Griffiths]

As a PS,

I am working hard here on developing some "new" code that will help tighten these automatic set-ups to help get them nearier to what I like to see for the "ideal" set-ups.

Hard work, but I am buring the midnight oil here for you all :)

Steve

[Eddo]

Thanks Steve

Yes that was my feeling as well - not a very symetrical set up

Thanks again

[durgesh147]

As a PS,

I am working hard here on developing some "new" code that will help tighten these automatic set-ups to help get them nearier to what I like to see for the "ideal" set-ups.

Hard work, but I am buring the midnight oil here for you all :)

Steve


Hi Steve,

Sometimes i wonder whether you are a man or a machine.You are here at the BB.You are working on the software.You have to write daily reports.Then, i guess you trade as well.Moreover, working on those monthly seminars as well.Maybe making online software presentations... and answering those support mails...

Real tough job !!!

[Eddo]

Here, here (thats an anglo saxon way of saying I agree in bucket loads) !

Have a great Easter break :) :)