12.2.21 Coffee Lumber : framing coffee: Looking at Lumber moving to the 382. ( timed-out on the video...but you should get the gist of what I was saying ).
11.20.21 OIL LUMBER : This is about market dynamics and looking at more subtle behavior when it is likely to favor both buyers AND sellers in a fairly narrow range...but can managed if we take the time and effort to do the analysis. A clarification is need on Lumber: It is going to trade to the 382 most likely, BUT the market has been gapping higher...
11.17.21 Lumber Follow up trade. This is a great market to show the advantages of trading volatile markets. Suggestion: go to Community on Tradingview >>>type in: LBS1! >>>>the top rated author (Andy_Hecht) I believe is an experienced trader: nice charts, nice analysis on posts.
11.3.21 Lumber: had a buying tail. If you not in and you want in...you might be able to buy the open if it gaps lower. If it makes a new low...there may be an opportunity to buy at a lower support level.
11.1.21 Lumber Futures : looking for a long trade with caveats. I review a good post on Trader's Pics for 10 things you need to think about when you trade. Bobby's Homework Assignment.
10.31.21 LBS1! LUMBER Even if you don't trade lumber you should look at this video. This is about market dynamics, and it is about the way markets expand. Two very large extent, this is how I look at markets. You can make money in markets if you think like this.
10.7.21 Lumber: follow-up and my read on the market which I think should go higher.
9.19.21 Lumber Part I : taking profitable trades with less than perfect setups..........................................................................................
Lumber may have completed a corrective structure (counts well as one). Unknown whether it is the first of two legs, or two legs already complete. Conservative interpretation thus aims for a 3-wave move to the orange box from here.
9.7.21 LBS1! Follow-up ................................................................Note: the word that escaped me was :exhaustion spike . I don't think this is going to be a reversal pattern. It is going higher ..imo
8.14.21 THIS IS A LUMBER CHART>>>BUT THIS VIDEO IS NOT ABOUT LUMBER>>> I don't know anyone who trades lumber. This video is about what a buy set up looks like and how to scout out a buying opportunity. If you've been short it may be to recognize that this is the time to take profits even if the market may move lower. The video goes into this process.
🏛LUMBER making a massive correction From the spectacular bubble like covid rally And the price will soon be retesting an important weekly support From where I am expecting a pullback upwards With the chance of retesting the level above SUGGESTED TRADE: ☑️Buy CALL options 600$ strike ☑️Expiration end of the year: ☑️Either November 2021 or January 2022 ☑️I...
Lumber prices sliced below the 200-week Simple Moving Average (SMA), putting the psychologically imposing 500 level back in focus. A drop below 500 may open the door for more losses. Alternatively, bulls will look to defend the level if recovery hopes are to remain alive.
🏛LUMBER must have been one of the best performing assets since the pandemic begun With the price increasing by whopping 581% from the covid crash lows Such a massive surge was determined by the home building and renovations fad With the disrupted supply chains adding fuel to the fire Now, however, the pandemic hosing boom is over And the price dropped by...
LBS1! lumber futes has pulled back to the yearly pivot point(P). The Yearly pivot is where fair value for this year is.
Idea for Housing/REITs (VNQ): - The Housing Market will crash. I am short REITs. - Lumber rose 400% in a year during a global crisis and then dropped 50% in a month... This is not a correction, but a bubble pop. - China reining in commodity prices. They announce that they will soon release state stockpiles of metals: www.bloomberg.com - State firms ordered to...
Last week, the commodities sector experienced more than a speed bump after an extended period of price appreciation. As July soybeans roll to the next active month and the new crop November contract in the futures market, the price became a falling knife before recovering on Friday, June 18. Beans tank They were not the only commodities A Fed hint made its...
Idea for Lumber: - Lumber has a good short setup. - By Elliot Wave Theory, correction needs another wave down. - Possible continuation on downtrend, if Wyckoff Distribution is confirmed. TP1: 1100 PT: 400 GLHF - DPT