THIS IS THE LONGEST WE HAVE HAD A COMMODITY ON OUR WATCH LIST.
YOU SEE EVERYTIME WE WOULD GET A BUY SIGNAL ON LUMBER WE WOULD NEVER GET A TRIGGER, SO WE NEVER ENTERED INTO A POSITION.
NOW WE HAVE GOTTEN A BUY SIGNAL AND A TRIGGER, SO WE HAVE A GREEN LIGHT TO GO LONG.
IT IS UP TO YOUR TRADING HABITS WHETHER YOU BUY FRIDAY OR WAIT FOR A PULLBACK BEFORE CLIMBING ABOARD.
I WILL BE PUTTING HALF MY POSITION ON TOMORROW AND SHOULD WE GET A PULL BACK I WILL PUT THE SECOND HALF OF MY LINE IN PLACE.
THE GREAT THING ABOUT TRADING LUMBER IS THAT ONCE A TREND IS ESTABLISHED, IT TENDS TO TREND IN THAT DIRECTION FOR QUITE A WHILE AND ALSO MAKES QUITE A MOVE IN EITHER DIRECTION. SOMETIMES THE TRADING CAN BE A BIT THIN, BUT BEING AS WE POSITION TRADE LUMBER, IT HAS NEVER BEEN A PROBLEM FOR US.
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