After nailing the top in beans and going against the majority of the crowd, (you all remember the droughts don't you, oh yeah that was going to see Soybeans go to $50 a bushel yeahhhhhhhhhh that went well didn't it lol)
Why was a mega bearish on Soybeans when virtually the crowd was long and bullish? why that would be because of a 5 wave advance, nothing complicated at all
Traders are bullish at the top of a move and bearish at the bottom, its never changes traders follow each other, its traders that think outside the box that are usually a head of the herd
I thought i would share with you how this trade went in real time as it involved timely updates helped a few members make some serious $$$ on this trade, as well as letting them know when to get out and lock in the gains.
5th Sept 2012, market is mega bullish as usual at the highs, but i am mega bearish based on Elliott Wave patterns.
What is next for Soybeans?
Well after a 5 wave decline we have seen a 3 wave bounce just fall short of the $16 target, but if the next move lower has started, then its game over for Soybeans as i am targeting far far lower prices
Elliott Wave makes sense if its used in the right hands, you think its worth the $15 a month charge to see other commodities?
Or do you want to keep 2nd guessing?
I do this for many more markets from US and European stocks to other commodities such as Oil, Gold and Silver, as well as many Forex pairs
Elliott Wave is a great tool if its used by an experienced Elliottcian, its not perfect, but with a road map you can have an idea where you are going and can control risk.
This is what i do day in day out 7 days a week, 52 weeks a year, find opportunities so members can make great trades
Are you ready to make some great trades?