The Power of Corn and the WASDE report

$121.20 in 25 seconds…:scream:

To bad it is only once a month :sob:

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Nice straddle…actually if you would of bought any the binaries except the last one it would of expired ITM…BIG MOVE

This is a straddle i did today.

Oh nice. Don’t think I could do a daily straddle on anything. Been tempted to a couple times on the GBP/JPY. But if I can just get a few dollars here and there from directional trading, then I am content.

Very nice trade MATRIXBINARY373! Is this a trade that you’ve been doing for quite some time now? If so, does the WASDE report typically generate this much movement in the underlying CBOT Corn futures market? Finally, do you always look to risk about $25-$27 to make $33+? per 1 lot? If so, that is still a pretty darn good return on investment! Thanks for posting.

Thanks Panglos!

I have actually only traded this report for 4 months (4 times) 2 in demo and then the last 2 reports have been live.

Yes, indeed the WASDE report generates a ton of moment. At least the 4 times I have traded it and then the couple months before then that I looked back on. :grinning:

Here is a 5 minute chart from Tuesday with the blue line equaling my strike point

And a 5 minute chart from April.

As ADESAN01 showed, if you had bought any of the binaries (with the exception of the top) they would have expired ITM.

I cant find the article at the moment but I think I remember reading we should only have a max combined risk of $35 per trade But my risk has generally been in that $25ish range. I got into the trade really early for the one in April, but had I waited I think my risk wouldve dropped to around $17 total.

Totally agree, being able to make a nice return (especially quicker than I can even sneeze) works out great!.

I have not looked into them yet, but check out Soybeans as well, for next month’s report

Strangle on binaries. Straddle on spreads. :wink: Great trades!