XK1! trade ideas
Short ZS soybean Entry on a 30min time frame but price just had an exhaustion gap into a weekly downward trendline.
Short ZS - Soybean
a punto de salir...... LONGLa soja esta a punto de quebrar la linea de tendencia bajista que se origino cuando fue su maximo historico en 2008, podremos empezar a ver unos 1000 pts como idea basica.
Soybeans SHORT mean reversion to 865Nov Beans is back at the 38.2 Gann retrace from CTN High to Low, meeting resistance on the 2x1 Gann Lines (purple) from CTN all time High and 2nd CTN top. Move has been based on optimism from Chinese purchases of US Soybeans as a goodwill gesture to prep for October meetings. A move to the 1x1 Gann Line (dotted) is anticipated as we drift toward October seasonal lows before talks transpire. The 5yr 50 MA price channel via Spreadcharts shows Beans extended to the 5 year SD2 MA @9.00. Expecting a move toward the 1x1 lines (8.65) median line which is also the SD mean of the 5 yr MA of price given no new developments in Chinese US relations till October talks, and typical of mean reversion of price and seasonal trend.
Sold Vertial Call Spread Short Call 910 39d exp Long Call 920 39 day exp
Sold ZSX19 @ 8.99 Stop 913, TP 8.64
Gann fan scales
1) Michael Jenkins Initial Impulse 1x8 line aligned to high 2
2) 2x1 aligned to lowest low of new swings retracements (authors method)
Using Gann Fans/Retracements with Impulse/Retrace Scaling Part 2Finished analysis of 2014 Nov Beans using price scaled Gann fans.
Using Gann Fans/Retracements with Impulse/Retrace Scaling Part 1How to setup simple price scaled Gann fans to determine support and resistance out in time. Gann's geometrical method advanced by scales derived from highs and lows in the wave formation to forecast future price expansion and SR zones.
Soybean#Soybean H1 Buy
ID : 1-04
At : 874.7
SL : 868.6 - Risk 61 pip
TP : 894.0 - Reward 193 pip
Date : 2019/09/12
Soybeans itching to climb, resume the UpBollinger tightness, appropriate deep pullback, oats a harbinger signalling a go, WASDE report tomorrow, frost worries... Take your pick, maybe even a trade war truce?
bulls loosing faith in trade deal as selling pressure mountsbulls loosing faith in trade deal as selling pressure mounts
November Soybeans Head and ShouldersSoybeans could now be on its final shoulder the H&S For November needs to break upward trend for significant action. If it rebounds off uptrend then continued move higher is likely.
Soybean Futures Buy Set Up Wave AnalysisLook for a Bullish wave to the upside, in either a wave 5 or wave c
Are Soybeans Poised For a Run?Soybeans seem to defy all odds when it comes to rational and can often take things to the extreme, one side or another. This is very sweet when you are on the profitable side of this rational but equally as bitter when you are not.
During the beginning of May, I had a suspicion the market was very oversold and was due for a correction to the upside, but it seemed like the upside move would never come as the market continued to punish them. Finally, on 5/14 they came to life and gave me a good buy signal by busting the downward line of resistance. I estimated there was a 98% chance of a low and now had a move up to jump in on. It did prove to be a great one.
After clearing through $9.20 I foresee resistance around the $9.65. I believe the market will float around in between these two levels until 7/1. This will be after the Acreage report by the USDA which, many in the trade are anticipating will have fewer planted acres of soybeans than originally anticipated back in March. Also, the upward support line will start to squeeze the market into the $9.65 resistance level, I believe if the market does not move up through $9.65 prior to then it will have good technical reasons to then.
I am a bull on soybeans but will not add to my position now unless we retest the lows of $9.20. or break through $9.65.
In other words, I am sitting on my hands and remaining patient.
**Educational purposes only**
SoyBean Futures - Short IdeaI only started watching Soybeans because of poor fundamental news. Bumper crops, tariff issues. etc. (I don't trade futures often) I noticed an incredible run up...seeing a shooting star develop on the daily PLUS price is at significant levels, pivots, ema's etc. I am taking the short at the 61.8% Fib level. Lets see how this trade rolls out. 1% Risk, 2:1RR - Happy Trading!
Soybeans gonna skyrocketGrains were/are in quite strong downtrend, however bears are getting exhausted and ZS might be the top performing asset in grains. We are above huge support and bounce from that support was decent. COT report is extremely bullish + seasonality data are telling us, that price of soybeans should grow during the summer. I am only waiting for breaking the trendline and estabilishing higher high and I will close my long at 1050. Long term trade for several months.
ZS A Great Time To Consider a LONG Position in SoybeansTitle says it all on the very beaten down sector - dont get long if you cant stand some pain - for professional traders ONLY #Soybeans #Trading #Futures
Soybean bottomFUD and counter FUD cancel each other.
Food is important, it should be expensive.
Think of the farmers!
Let's fill our bags and run away with sellers money muahahaha.
ZSK2019: Soybean futures have been on the slideI mentioned this in my earlier read (few months ago) and this is certainly leading us to believe that trade deal is not even close.
