Two new scalper trades executed at the close today.
We are:
Short Dec. Coffee from 121.65 with a tight buy stop
Short Dec. Soybean Oil from 44.80 with a tight buy stop
As is usually the case, a scalper trade should begin moving in your favor right away and ideally
we look for a quick 2-4 day move in prices. Of course in the event the move continues in our favor we will stay in the trade and continue to move the stop lower to lock in profits.
An example of such an event is the current position in Cotton, which is paying off very handsomely!
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