Corn and Wheat are in Significant Down Trends
You can have up trends and down trends when trend following. In general…even though there is always never really a general, there is more profit on the long side. Usually trends on the up side are more orderly…Down trends are limited as they can only go to zero and in many cases more violent. In my commodity trading, I am long biased. Humbly I will say I missed the down trend in grains.
The down trend started back in May in Corn and Wheat, as short signals started to get triggered and actually the down trend accelerated over the past 3 weeks.
This is what you seek in a trend when you are trend following
Strong moves in which you have lower lows and lower highs.
Do not use this information to think to jump on the grains now. Anything can happen when we trade.
Past performance is not indicative of future performance