ZM1! trade ideas
WAVE 4 MATURE ENOUGH?Its already been one month since ZM in correction mode.
Maybe its time to wake up??
Expecting wave 4 will end soon in near future
Hai ZM! my new best friend :D
I will follow you rapat rapat!
Soy Crush Spread at its EXTREMEKeep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread!
What do you need to do to sell this spread?
To sell this spread you have to make 3 transactions:
BUY 1 soybeans contract
SELL 1 soybean oil contract
SELL 1 soybean meal contract
Why do I see numbers in front of the chart symbols?
You can see different numbers in front of the contracts like "2.2*ZM1!+11*ZL1!-ZS1!" because of the different multipliers in the futures contracts.
Of course, you also make this trade with CFDs, in this particular case you need to have positions sizes with a similar nominal value
Soybean Meal Future DEC18 (1d)Trading Signal
Long Position (EP) : 328.3
Stop Loss (SL) : 325.4
Take Profit (TP) : 338, 344.6
Description
AGR formed Double Repo Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (328.3) and place stop after 0.618 level (325.4). Once the position was hit, place take profit before an agreement (338) and 344.6
Money Management
Money in portfolio : $133000
Risk Management (1%) : $1330
Position Sizing
$0.1 = +-$10 (Standard)
Commission fee = -$1.67/contract (Standard)
EP to SL = $2.9 = -$290/contract (STD)
Contract size to open = 5 standard contracts
EP to TP#1 = $9.7 = +$970 (STD)
EP to TP#2 = $16.3 = +$1630 (STD)
Expected Result
Commission Fee = -$16.7
Loss = -$1450
Gain#1 = +$2910
Gain#2 = +$3260
Total Gain = +$6170
Risk/Reward Ratio = 4.21
Short the Soy CrushThis very interesting soybean crush spread is very close to its extremes and we think it is a good idea to short this spread. To do this, you need to buy 1 contract in soybean meal, 1 contract in soybean oil and buy 1 contract of soybeans. Our target is the level of 130 and we are willing to sell one more spread at the level of 180.
ZM Price Fills the GapThis is a follow up to the previous post. Today's price action completely fills the gap. Price initially breaks the support line of the wedge pattern on the chart. Then you see price dropping down without any pullbacks or small rallies to fill the gap in the soybean meal market. Beautifully executed, beautifully accomplished.
ZM1! Beans Look to Fill GapNice break out of the wedge. Be aware of any pullbacks, rallies and trading ranges on the way down. Remember gaps always fill at some point. On the chart you have an area where prices gapped up and caused a blank spot on the chart. Notice the place on the chart marked "Gap." That is the area that will fill. A short position could be considered from the current price.
Soya engulfingAs you can see this strategy works for commodities as well. You can see here though how having a strategy in place to maximise profits can make the difference between a highly profitable strategy and one which just ticks over. Cut losses short and let profits run.
Good luck !
Daily cypher - bullish on soymeal futures Its rare to see technical analysis on here for soya futures so have a gander at this and see what you think. Bullish cypher is almost at completion and with extremely poor yields in argentina, Chinese tariffs and an array of further complications this year, perhaps this looks a likely call for longer term soybean meal. Should the position fill expect an extended price to challenge the 2016 high of around $428 per short tonne.
Happy trading !
July Soybean Meal Head and ShouldersMeal broke uptrend and neckline of H&S. Waiting for confirmation to break S1 at 373.9. Bullish Cypher possible pattern. Market under the 20 day MA. Minimum target height of shoulders at 365.2
July Soybean Meal bullish GartleyJuly SM is nearing breach of 20 day MA. Either we will have a bounce using 20 day as support or a breach. Fail twice at highs of 397.6 and double top rejection would gives us hope of breach of 20 day and Gartley. S3 should take us to oversold RSI.
May Soybean MealMay Soybean Meal Elliot Wave Head and Shoulders. Meal looking to break 20 day MA. Two outcomes possible, Wave rise to R2 - R3, or H&S. In theory wave 5 is shorter than wave 3, so both may occur with a final H&S.
ZM Soybean Meal Futures Buy @375.50 ZM Soybean Meal Futures Buy @375.50
I may be a day early on this, but I am going to give it a go.
Soybean Meal Elliot WaveMay Soybean appears to be creating an Elliot Wave. Gap up day suggests higher highs to R3. Bullish Cypher possible pattern, which may form a head and shoulders. Uptrend in play.
Soybean Meal Bearish ButterflyNew pivots have arrived and we are projecting Bearish Butterfly for Meal. RSI rolling downwards. Meal dependant on Argentina weather and purchases. See Meal bullish long term to at least R2 at 355.8. Downside target right now at 317.6. Volatility is high and again dependant on the factors stated.
Soybean Meal Bearish ButterflyA potential bearish Butterfly for Meal crossing over pivot. Upside target R1 at 341.6 where RSI should top out.
June 2017 Soybean Crush Spread TradePM's Crush Spread (+1 ZS Soybeans, -1 ZL oil -1 ZM meal to sell this spread). September 2017 futures contracts.
This chart is weighted by Market value of each contract (the y scale shows profit / loss per 1 lot).
1. Seasonable window for lower prices in this spread from end of May until end of June.
2. RSI Divergence.
