WHEATUSD trade ideas
Higher Price for WHEAT?I've been watching that triangle fill out for years now. Maybe that grey trendline is the prevailing trade direction, but there is every chance this break could fail like it has previously and return to fill out the triangle further. Time will tell.
SAAAA-WHEAT!Bullish on Wheat.
No other reason than the chart (and a general understanding that global warming is going to kill our planet and make it hard to grow plants?). Regardless, here's how I plan to profit off our civilization's demise:
Entered at $5.30 (it was early, I know)
We broke out now, and we're looking for a cup and handle target #1, and then a fib level PT #2.
Looking for a 19% move, leveraged at 12x, so we're looking like I just might be able to afford my nuclear bunker and dehydrated packets!
Til death do us part,
TMoneyBidness
WHEAT OUTLOOK 02/12/2019DEMAND FOR WHEAT TO TOP UP EXISTING STOCK BEFORE CHRISTMAS IS DRIVING THE PRICE HIGH.
WE WILL LIKELY SEE THE RETEST OF THE BROKEN TRENDLINE AS INDICATED BEFORE BULL RUN
WE WILL LIKELY SEE THE FORMATION OF BEARISH WAVE ON WHEAT AROUND 15 DECEMBER 2019 .
WheatMentioned this a few weeks ago, if price can continue to gain sellers then buyers will decrease
Wheat long @ 526.83stop @ 512.00 target TBD will buy on dips as well down to 519.00 my rates are 100 x tradingviews
recap - 9 oct 2019 16h50Hello
my quick recap so far -8-)
I am out most of the trades for +/- 300$ profit.
I am in a small spread. As i do not see much opportunity my side at the moment.
All in light size.
I will trade more spread in ETF PAIRS.
WHEAT in the rangeI dont think it will move alot today. So my plan is ABCD pattern in the buffer zone. If price stay in the zone I will short.
Wait and see ! my entry is not even 1 : 1 risk reward so it is not a good trade.
Recap 18.41 sunday 6 oct 2019Employing an ETF pairs strategy may be useful when there is a disconnect between assets that are usually highly correlated.
Sector, country, and index ETFs also provide opportunities for the pairs trader, usually involving going long on a strong ETF and short on a weaker one. It’s important to exit the trades when the assets realign or the trends of strong and weak assets reverse.
It would also be wise to set a loss limit on each trade, and realize that markets are dynamic; relationships that existed yesterday may not necessarily exist tomorrow.
Consider our S&P 500 and Dow Jones index example. These indexes are highly correlated and both are tradable via ETFs: the S&P 500 SPDR (SPY A) and the Dow Jones Industrial SPDR (DIA A-). When the two separate, they generally reconnect, although that can take days or months.
Wheat Daily Finished Retracement Bullish LONGWheat in the daily chart formed the big double bottom in early 2019. Recently it has finished the retracement nearly 0.618 and now breakout the downward trend.
We consider that Wheat now still in the bullish trend so we are going to BUY. The price in the daily chat just breakout daily structure and we open the trade in the support level.
Be Patient and Relax!
----------------------------
Enjoy the trading itself and you will be much better at it!
Thank you. This is TraderPig.
