Soybean Time Frame 15m Hai traders now what you see on chart Just follow the directions and react Now you can see what market doing #soybeanoilfutures #TAYOR #thisonlyforprediction #notforbuyornotforsell #MFM.TRADER
whatsup! patiently waiting for the price to get into my zone and looking for longs. best rrr
December Soybean Oil long bias based on technical indicators and supply/demand projections going into harvest season.
now price is making a pullback at CC level after fail to make a new high. looking for longs here and take profits after breaking new high
looking for shorts now until hit target.. will look for longs after target hit
looking for longs at fibs area (after taking out trendline liquidity). not looking for shorts at the moment cause price can just break out from this ascending triangle.
as usual, got my levels from fib numbers, i think this is the last up move before we go down hard
structure still uptrend. looking for longs until taking out the liquidity above
WHY? 1. structure still downtrend 2. looking for shorts at (3) area. confluence with fibo area 0.5 + previous demand turns supply area( red arrow) 3. target price : - no 1 previous resistance double top (yellow arrow) before the huge pump - no 2 final target price which is SNR area from 2015 till 2020 . + confluence with 0.886 fibo and also 0.382...
After the price breaks LH I see the market will continue bullish and can reach resistance Z@R1 or R1...if breaks Z with a strong candle I think the price can go to daily resistance...If not maybe the price will go down back for a pullback
target previous demand area before the rally years back. swing position means give a bit room for stoploss. lets shower in oil bois eh if want to enter please wait for confirmation on lower tf. look for shift in market structure. the chart given is solely based on fibo ratio which doesnt give confirmation that market will continue downwards
Seen ZL bullish for a few days, maybe will have a correction before bullish again. watch for the zone in H4
another entry was below the inside day of last wednesday now i am trailing the stop to get out of the short position above prior days high.
Multiple resistance levels got penetrated alerting us that the price will be looking to head higher. Then an inverted formation showed up with the price breaking through confirming a move higher! Lots of confirmation from other times frames telling us the same thing, prices will be heading for higher ground!!!
Moved the stop to breakeven for those pullback to 50% level long trades
My first question would be: which futures market should i trade next week? The answer must have been SHORT soybean oil, low risk high reward when you enter in trend direction. My second question would have been: when to take profits?: an Ai will always give you this answer: when the exit condition generated the most profits in the past, which was in case of...
CBOT: Soybean ( CBOT:ZS1! ), Soybean Meal ( CBOT:ZM1! ), Soybean Oil ( CBOT:ZL1! ) This is the second installment on CBOT Soybean Complex. If you have not read the first piece, please click the link at the end of this idea. Let’s start with a discussion of two reports followed by soybean market participants. The Crop Report U.S. Department of Agriculture...
Soybeans are one of the most versatile and important agricultural commodities in the world, consumed extensively by humans, livestock, and industry. Soybean prices have an undeniable impact on the global economy and their importance is only increasing with the rapidly growing bio-diesel industry. In our previous paper Heavy Exports Weighing Down Soybeans , we...