Im guessing only about 5 people actually read this thread...Im responsible for a few of the views myself, as I check the thread every now and then.
But like you mentioned in your original post, the average punter cant trade agriculture due to liquidity...and most dont trade derivatives.
I bought a few July Wheat contracts at 689 yesterday morning and held to see them go to 738 this morning. I had my stop at 725 thinking it definitely wont get hit and any retrace will just be a a few points...but it got hit.(and its 721 now, and down 2% from its high).
If I hadn't bought yesterday, and bought this morning (after reading about how grains are the next big thing and the massive buying last night), I would be sitting on some heavy losses right now and would most likely been stopped out. So even though its in an uptrend, when it does retrace, it does enough so that the the little guys will be killed off...so for us its still a gamble.
