Long and short LE1!
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea...
Weekly Cont. Cattle: The shaded boxes represent the previous 4 years of price action. Observe: Price trends up into early February. Cattle broke resistance against the (dashed) downtrend line and is attempting to break above the (solid) uptrend parallel line.
A break above the solid up trend parallel will be fighting the larger structure of a long term bear....
Likely to see price drop in this and next week
Looking for potential buying set up at the start of 2nd week of december.
remain bullish bias unless price breaks below 102.5
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of...
Potential long trade here on cattle, rejection off the 0.786 fib extension, though there is some trendline support potentially, so this can be longed on the trend, or if trend is broken, short. Be fluid, be water when trading. Limit bias and trade what you see.
the daily chart of this market shows that it will experience a downtrend in the next few days with a very high probability at the same time it is better to be vigilant of the change of direction towards the opposite
please subscribe to receive more analysis
June beef exports were on par with the May lows, down 33% from a year ago. Exports were lower than the previous year to most markets except for Canada, China and South Africa where official figures showed an increase. Exports accounted for 9.7% of beef production in June, down from 15.4% a year ago, the lowest in 10 years.
Historic Seasonality data shows August...
Live Cattle has seen prices at a high of 127-130 over the last 3 years. Price has bottomed at the end of April 2020 and since been on the rise.
Looking for price to retrace back towards the prior swing high.
1. Enter - on next candle
2. Stop - around 98.35 ( 3 atr )
3. Target - around 115.50 ( .618 extension )
4. Risk Reward = 2.8
Live cattle is bull.
Early May it jumped from 87 to 94, and next day hitting 98.
This breakout caused in the days to follow some oscillating within the 92-100 band, forming a clear up channel.
Market hit 100 yesterday, found support on the mid channel level and closed just below 100. I’m pretty sure we will test it again today.
My believe is this breakout,...
End of 3 drive pattern at a double bottom of 2010 and 1.618 Fib of last move.
Risk with falling knife but enter with STOP of about $400.
Best if you watch this area on a smaller timeframe chart like 2-4 min and watch
for a break out candle heading above the 20 day MA or buy on the retest of the
.382 Fib from the low. Could consider "COW" as livestock etf as...
So, my last analysis on live cattle was April 28th 2019 where i talked about the possibility of live cattle breaking support and going further down and it went much further than i thought. In my opinion, with the increasing "news" of coronavirus, I believe live cattle will continue on its trend downwards and will find support at the next support level/s identified...
Ein Trade auf den ich mich persönlich freue, da es mein erster im Fleisch-Markt sein wird.
Auch wenn der Preis jetzt schon Schwäche zeigt, würde ich den soft stop beim SMA legen.
Obwohl der wöchentliche RSI am oberen Ende kratzt wird es sich hier voraussichtlich nur um eine Korrektur handeln.
Für ein valides Signal sind...
The break of the tenkan on the Daily shows we have lost the positive momentum we had generated at the end of October. In fact the momentum was so high at that period that we created a big gap, the close of which is the basis of our trade.Price just couldn't go past the SSA on both the weekly and the monthly creating this slowdown in momentum we intend to...