MZS1! trade ideas
Soybean Selling opportunityKey level: 1082’4
Soybean market has been in sleeping mode since JULY 2018.
Uptrend sideways movement that clearly develop into triangle pattern add support to our wave count that soybean are currently in wave (4) phase.
By using Elliott rule of “WAVE 4 never enters the price territory of wave 1 and 2”, we can establish a strong invalidation level of 1082’4 served as our key level for this wave analysis
Trading strategy:
Wait for a clear impulsive 5 wave structure down to support the idea of wave (4) is already in place
Happy trading
Something brewing with agricultureI have noticed agriculture volumes were soaring recently, maybe I am out of touch but those are the numbers I had in mind before:
Soybeans (5B), Corn (2B), Wheat (1B), Cotton (900M), Coffee (600M), Sugar (500M), Cocoa (300M)
And now they are 2 to 5 times higher, what's up? ==> Soybean Futures 10-15 Billion, Corn futures 10-15 Billion, Wheat 4-5 Billion. Those are the CME ones, the ICE sucks hard but I noticed Sugar volume at over 1.25 Bil yesterday for March contract alone. So in total basically 30 to 50 billion usd a day for the 7 big ones.
Then you got all the other ones, I saw live cattle was at like 1.5 billion yesterday (wat?), lean hogs at 500+ million...
Buahahaha even orange juice futures are over 300 million. Orange juice futures, what a meme. Who even trades that?
* Do not look at tradingview volumes they are all wrong.
How it looks on higher TF:
Corn:
Wheat:
Sugar:
Here is what I am looking at immediately:
Trump is trying to shill, buuut doesn't seem to be working.
Wheat is on a massive selloff US business has been lost to France (get rekt).
Investors are counting on a positive trade deal and I think this is why prices have been going up for the past months (same concept as stock market).
I heard artificially inflating prices with hope and presidential tweets worked just great.
I bet Trump has been postponing everything just because dumb investors kept buying in anticipation of that trade deal. No matter how much it gets postponed they just keep buying like little lemmings, and Trump keeps posting the Dow Jones gains since he started his term & what a great president he has been so he clearly has a motive.
Can't blame him, most people are too stupid to figure out any of this, he is just doing what a politician does. Maybe he's one of these "with an IQ of 130 that thinks he is at 170" guys I have been hearing about (Elon Musk too according to Charlie Munger).
What I think is either on positive news investors will take profit (buy the rumor sell the news),
and on bad news. Oh my. All this volume, they're all going to want to sell, right? I do not think we will see a short squeeze, who is shorting this? Nah. Could be wrong but from experience people are not that smart.
I really want to trade this, but this is my advice: just do not touch it. Let's wait for the big burn to pass, and then after we shall trade those.
And remember,
* When prices go up, greedy agri giants (that have traders and actively invest in this) rub their hands and make profits on the back of poor people that can barely afford food (Remember Glencore backlash after stating prices explosion 10 years ago was very profitable)
* When prices go down, the poor little farmer is suffering while governments and big players step on them and make profits (they're protesting and telling every one how angry they are right now because they feel people in power do not have a high opinion of them and that hurts their feelings - really not even kidding - as well as taxes and high gaz prices)
* When prices do not move "nothing ever improves". How do you make price never move anyway?
Prices going down should mean people in civil war countries could get to eat, sit and watch farmers go on a rampage, block roads, burn hundreds of thousands of tons of crops to reduce supply.
Rising Wedge Continuation for Soybeans?Today I am looking at SX2019. This chart looks awful similar to a rising wedge continuation pattern. With the export problem, and the amount of beans we have in the U.S., I wouldn't doubt this is possible. This idea is for chart pattern purposes only. Lets see where it goes.
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
L.R.
March Bean Oil H&SMarch Bean Oil is building out what looks like a head and shoulders. Dropped today and heading for neckline at 29.73 to finish off the head. Right shoulder top needs to be formed before any trade can be entered.
SOYBEANS! pre-Wasde run down. volatile fun timethank the lord and pass the ammunition post shutdown this will be one of the first main agriculture reports to come out. i favor a bearish sentiment but we've been flying blind for sometime due to lack of data coming out. weather and supply surpluses via Brazilian competitors also back the bearish thesis longer term. either way this is going to be a volatile but fun market to trade. it is linked to current trade conditions. if a deal isnt struck Brazilian competition will be favored due to currency/interest rate differential effects on DXY
SOYBEAN FUTURES (MAR 2019), 1D, CBOTTrading Signal
Short Position (EP) : 918.5
Stop Loss (SL) : 921.5
Take Profit (TP) : 912.25, 904
Description
ZSH2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (918.5) and place stop after 0.618 level (921.5). Once the position was hit, place take profit before an agreement (912.25) and 904
Money Management
Money in portfolio : $1,000,000
Risk Management (0.5%) : $5,000
Position Sizing
$0.25 = +-$12.5/std-contract
Commission fee = -$5.64/std-contract
EP to SL = $3 = -$150
Contract size to open = 33 standard contracts
EP to TP#1 = $6.25 = +$312.5
EP to TP#2 = $14.5 = +$725
Expected Result
Commission Fee = -$186.12
Loss = -$4950
Gain#1 = +$5,312.5
Gain#2 = +$11,600
Total Gain = +$16,912.5
Risk/Reward Ratio = 3.26
Week Plan - Bullish but not chasing breakoutIs forming a flat top triangle which looks like it is going to break out to the POC above.
However this does not mean buy the breakout, I am only interested in going long from below the value area low. It looks like it's choppy at the high vol area right below the breakout zone so this is an especially bad place to buy for a long.
Looking for it to run stop to the downside, will look for long at value area low which then gives it a target at the POC.
Looking for longs around 834'6
Soybeans Mar 2019 equilibrium patternDaily soybeans futures chart tightening up nicely and should give a good signal in either direction when it breaks. Purple line is 200MA; Yellow line is 100MA.
Nice Grain PlayI have been looking into different assets to play in these uncertain markets. The grains have etfs with options that track futures so here it is. SOYB tracks tracks front month soybeans so thats the play. I like that these have held the 200 day moving average and retested. The 50 ma is quickly heading higher as well for a golden cross forming in the near future. 920 was a significant resistance that was easily broken. With a weaker dollar coming into play these commodities will be boosted. Im looking for around 950 on beans, a hefty target, I know however they have not been good to this product in the last year.
Do these not look like the most bullish graphs of 2019?I see pure unadulterated gold when I look at these market bottoms. Dollar top soon, metals bottom already. I see ABC continuation pattern with huge accumulation of long positions at the bottom. I've been reading market wizards the past couple weeks. I do have a commodity bias, the dollar is going to collapse, our economy is not as healthy as major media outlets would have you believe. The federal reserve has fueled this market rally. Anytime you're feeling the economy looks good just analyze how low and long our interest rates had to remain to keep markets increasing.
SOYBEANies - A simple approach to find hidden facts.Here's how I approach the beanies.
It's a simple concept and it "works" over and over again.
But...what do I mean by "work"?
I mean, that this concept (...go by the numbers on the chart) helps me to understand, and to reveille what's obviously, but hidden from my eyes at the first glance.
It's a simple plan what to analyze step by step...from top-down...exploring different types of facts and finally putting them together into a story that makes sense.
That's it...no magic, just pure crafting.
And you can do this too!
Seriously, just start...
P!
Soybean futures - Short to 700; Horizon: 6 monthsSoybean futures in the CBOT will approach the late 2015 levels of 800-850. The last time this downward support was crossed was in 2004 and it was a big downward trend of -35% with good short entry opportunities. This position is correlated with our medium-term view of bearish commodities in the next 6-7 months with a bullish USD and a bearish EUR. Our target is a drop of -18%, approximately at a price of 700.
Long SoybeansHi guys ! I post a trading idea for long positions at ZS1! . Recent WASDE report had a price projection for soybeans for 2019 about 900-910. As wee see also in the recent political scene trade war talks at G20 there is a good possibility to go far beyond as from 910. From technical analysis view at the monthly chart is long with target 1056 , RSI is tend to swing to upper levels so I think is a good long signal and ADX now is tending to get a direction which is a further high price. Hope you find it usefull !