HEN20-HEQ20 is about to explodeFinally i have found the correct spread to trade Lean Hogs bull spread. This seems much stronger than others and is closer to the market, which usually means bet on stronger demand in the near future. From the 15 years of history, the spread is usually trading around 2 points. There is a good potential to get to those levels again soon.
Leanhogs
LEAN HOGS FUTURES (HE1!) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
LEAN HOGS FTURES (HE1!) MonthlyThe Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, for any asset category and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
LEAN HOGS FTURES (HE1!) WeeklyThe Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, in all asset categories and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
LEAN HOGS FUTURES (HE1!) DailyThe Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing dates. The Djinn Indicators work on all charts, in all asset categories and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
Hitting Resistance and Seasonality On Lean HogsNot only have we retraced up from a huge sell of last week, (profitakers?) We also have hit a resistance area for the last two days at 65.125. Seasonality is showing a 15 year solid short gain on the June/August Contract. With most possible entries in the current, this play should be considered in action. Thanks for reading
Lean Hogs: Ranged 2-month plan. Leans Hogs is on a strong rejection this first few session of 2020, after the top on the 72.100 1D Resistance. The price is currently testing the 1D MA50 (blue line) which has been acting as the pivot since October.
With the long term Higher Low trend line (since August 2018) providing Support, we are expecting a bounce on the 61.400 Symmetrical Support back towards the 1D Resistance. 2 way opportunities exist within this range. Make the most out of it.
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Lean Hogs: 3 tier long term buy opportunity.Lean Hogs have been trading sideways since late 2015 and on the monthly chart is best illustrated by the neutral monthly chart (RSI = 51.940, Williams = -47.019, CCI = 34.8246, Highs/Lows = 0.000).
On 1D the MA200 works as a pivot attracting the price always after an annual High or Low. The price is currently trading above so we are expecting a sharp decline below this MA200 consolidation belt and towards the previous 2 lows which now represent a 3 tier buy opportunity: 55.100, 48.000 and 41.000.
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1D Channel Up. Long.Lean Hogs (HE1!) are on a 1D Channel Up (MACD = 2.610, Highs/Lows = 4.5150, B/BP = 9.0280) but highly overbought (RSI = 72.148, STOCHRSI = 96.420) hence in need of a technically pull back. Based on the recurring patterns this will come in the form of a consolidation/ slow down and not a standard pull back. The next Higher High and TP is projected at 70.000.
Hogs and pesosIn this screencast I focus on 'lean hogs' and the Mexican Peso v Sterling. The core issue is the ranging pattern on the daily time frame (over the periods I'm looking at).
In general these two instruments are highly volatile and risky. However, the pattern creates expectations (not predictions).
In other posts I pointed out that certain instruments have a certain personality to them. They behave differently in their volatility compared to others.
One other that I did not put in the video is CADNOK on the daily or weekly time frame.
I'm not saying that everybody should trade these instruments. They are certainly not for everybody because the sort of stop losses required on entering on these are very high indeed. So are the potential gains.
Extreme stalking, timing and patience are required with these ultra-volatile charts.
Success in the markets also involves finding and exploiting instruments that have their own particular patterns.
Go forth and explore. :) :)
Lean Hogs - how much bearishness left in the tank?I called the 'seasonality' correction last week as I was presenting for the Society of Technical Analysts at their annual Summer party & awards evening! A day or so after my presentation and a massive one day 25% correction! The Lean Hogs seasonality play is one of my annual favourites! The question is this year - has it got any southerly legs left after that sizable move last week? Sitting and consolidating on Fibonacci resistance at late 66's looking for a further break from here to possibly target 60 then lows around 40's. If it happens it normally moves fast, which can be one of the frustrating things with this trade but looks to have some gas left in the tank. Upside support at late 72's then mid 81's if it hasn't!
Lean Hog Futures - Inverse Head and ShouldersThe foundation is in place for a potential inverse head and shoulder pattern.
Ideally price penetrates the neckline/.5 yearly fib to take out that June 2016 high (89.90) before selling off to close below this area with some sort of deceleration/reversal candle. This would form a higher high that could then send us down to form a right shoulder near that major trend line around 60.00...
Opportunities I see:
1. I'm looking to short a nice high at the neckline area and then ride that into the formation of the right shoulder near 60.00
2. I'll then go long on a nice low that established the right shoulder and ride that to the upside (ideal target is yearly .786 fib @ 113.73)
Lean Hogs Bullish ButterflyJuly Lean Hogs had a couple of days of craziness and seems to have settled down a little after H&S fall. It has met the 74.225 H&S target, and crashed through that today. Left a good strong bar down. Next downside target at 72.45, and double bottom at 67. New setup is a bullish butterfly.