My expectation of the market direction was push down to test yesterday's low and then move up. I was wrong in failing to read daily trend lines.
USDA's export report came out quite positive but corn and wheat fail after opening push. Soy bean pushed up to Fib 78% which was my add on level. I didn't execute in fear of it pushing through. Habit is hard to change. In my trade of LE long, I calculated my BBD/M pull back entry which would have been a perfect entry within a tick. I was thinking it would be too low and move it 1.75 up. It's the same behavior repeatedly.
The LE now is closed between 5ema and 13ema. It can go either way tomorrow which may be waiting for meat export report from USDA. I should have avoided this trade had I remembered this report date. LE is a volatile product. Better be safe than sorry.
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