c13 JWBT016-Busby October 9, 2008 9:19 Printer: TBD
138 STRATEGIES TO WIN
FIGURE 13.1 A five-minute chart of corn futures in the early-morning hours on
April 30, 2008.If the market is extremely bullish and the entire grain complex like
wheat and soybeans is also bullish, I will be looking for a price point to
make a long play. If the market is strong enough, buying at outrageously
high prices can still yield profits when buyers push even higher. If I am
trading corn, I usually trade between 5:00 and 5:30AM. Corn closes for three
and a half hours, and I am able to briefly take advantage of the trend that
has been set by night and early-morning traders.