ZSH2021-ZSF2021There is a good opportunity in Soybeans complex. However this bear spread is a bit more aggresive as the price could go as low as -50. Therefore this is not suitable for position trade, but to put SL to the market to minimalize your loss in case of another fall. But there is a good potential with reduced risk. 4:1
The probability of the succes is on our side, if nothing really suprising happen in USA/China trade war. Because China is the biggest buyer of US soybeans to feed their pigs mostly.
Soybeans is as almost commodities the market with strong contango. In other words the further contracts should be more pricey, because there are costs for storage, insurance, risk etc. Negative prices cannot last long in the mid/long term as describe above. The spread just need time before supply and demand find their equal value for both sides.
Soybeans
Week 39: ZSX 2020 is into the Unknown Weekly analysis for ZSX2020
Week 39: 21 September to 25 September 2020
Currently the price is roaming in an unchartered territory, we have no reference on how far the price will go higher.
Instead of speculating on how high it will go, as a trader, we take decision on a signal that has a higher degree of certainty.
Therefore, we are setting a Sell Stop rather than hoping the price will go higher to unknown area.
This week, if the price hits our Sell Stop, it means the price will change it's direction.
My personal trade call:
Sell Stop: $1,034.5
Stop Loss: $1,048.5
Take Profit: $991.0
Risk Rewards Ratio: 3.48R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 38: ZSX 2020 is breaking the limit?I am going to layout three signs for this week for ZSX2020:
(1) The limit breaker at $1,005 zone, if today the price is closed at $1,005 or higher, then the sky is the limit.
It will soar to the unchartered territory, no reference to the historical price as to how high it will go to the north to meet the white walker.
(2) The mid-zone at $998 to $994.
This zone is a resting zone, if the price come and visit this area, it is likely the price will look for momentum to go higher.
In point #1, if the limit is broken, it will fly immediately to the sky. However, in point #2, the price will make a pullback first to bounce higher.
(3) The confirmation at $983.
The overall outlook now is Super Bullish, it doesn't matter which Time Frame you are looking at the price.
The momentum candle is super strong, we only can safely say that the trend is changing, when the price is closed at $983 or lower.
Anything above $983, the price is still with Buyer territory.
No trade this week as there is no confirmation, even we can say that right now is still bullish, BUT it gives us a dilemma.
=> If we want to long, we do not know our exit strategy as there is no reference. It could be a false bullish move; after going $1,005 then closed below $1,000. Then we will be caught in a false move and the price will plunge very fast.
=> if we want to short, we are against the trend and momentum, this is also a risky move.
Therefore, for this week, we better sit tight and watch. I will update again in mid-week (Wednesday) if there is a confirmation move.
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
Week 37: ZSX 20202 is getting close to our Sell LimitThe bullish week for ZSX 2020 will come to an end, the price is approaching the Supply Zone soon.
If you are following the LONG position last week, this week is time to exit from your trade and switch to sell.
Despite until today there is still no sign of slowing down, but historically $975 will hold its level.
And here is my personal trade opinion on ZSX 2020 (Same as last week):
Sell Limit at $975
Stop Loss at $985
Take Profit at $960
Risk Reward Ratio = 1.4R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot-sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee.
As always, move your SL when you are in the profit zone.
SOYBEANS keeping pushing higher - another great RJT catchCaught using my RJT averages tool this SOYBEANS trade keeps moving higher.
84 points locked in (pink line - 0.8*ATR).
Currently 569 points in profit.
Waiting for exit signal (close cross of upper channel).
Continuation trade also executed and closed (continuation indication - TP white line) for 85 points profit (0.8 *ATR).
DM for more info/access.
Week 36: ZSX 20202 let's do the counter trend!Bullish week for ZSX 2020, the resistance level was breached and no sign of slowing down.
When everyone is having bullish reading, it is a good opportunity for us to Short.
I would split my call today into two sections:
If you are a scalper and speculator, now or today is a good time for you to LONG ZSX 2020.
Not much upside, but you can do a "quicky" as follows:
Buy at market which is now around $964.50
Take Profit at $975 area
Stop Loss at $960
And here is my calculated trade opinion on ZSX 2020:
Sell Limit at $975
Stop Loss at $985
Take Profit at $960
Risk Reward Ratio = 1.4R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
Week 34: ZSX 2020 Slight bullish sentimentCurrently the price is soaring up to the upper part of the zone and if we look to the left, we can expect the price to move sideways before collecting the Supply Zone.
Despite being bullish bias, I will not buy at market, instead, I prefer to buy at a better price (discounted price).
My trade opinion on ZSX 2020 is as follow:
Buy Limit at $902
Stop Loss at $893
Take Profit at $918
Risk Reward Ratio = 2.13R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.
SOYBEAN IS TRYING TO MOVE AWAY FROM DOWNTREND - ZS1! - 30MNWe have observed several forces acting as a brake and pushing the price above the red down trending line. But a very strong squeeze front last tops have seen the market being inconsistent with its which to move upwards.
The two horizontal black lines are the new tops and bottoms of the horizontal trending range.
We could observe during this week a market which will try to break above by going directly to it or by finding first a a support point on the top of the red down trending line. The probability to see the market breaking above the black resistance line is less likely than seeing a pullback down again at that level. It could probably be a good sells entry point (possibily from Thursday). For the moment the last volume have shown signs of a force pushing up against sellers.
Keep an eyes on the $900 mark, still legit and try to trade it during the morning Asian session (Tokyo time from 9am30 to 12pm and opening of the Frankfurt & London 8am to 10am GMT0) as it is more stable and easy to read.
Soybean - 2 possible entriesWe already talked about coming decline in Soybean and finally, we are close to an entry. Commercials are heavily short and evaluation index shows Soybean is overvalued. If on Monday, we break below Friday’s low to form a lower high, that’s our entry. Otherway, wait till trendline breaks.
Soybeans - Long Idea.I think there will be a supply and demand issue with soybeans. The China trade issues heating up. I see upside on this tasteless little bean.
I probably wont trade this, laying out the technicals here, I have a wide stop as things could get real hairy.
That is a 2.2:1 RR.
Gets your stop below that $8 level. And the price target below a weekly 200 EMA.
Soybeans in down trendYou have to understand predicting the market isn't rocket science. Infact if you discount the time it goes sideways it will go either up or down. If you understand the supply and demand are around support and resistance areas you have likely price targets.
So say we can assume there's a 99% chance it will eventually get to 7 or 9 bucks. You could then flip a coin and 50% of the time you'd be right.
Something to consider when you hear ridiculous things like oh he controls the price of soy beans! No. It's about studying prices and making deductions. Traders then make decisions based on those deductions. So you see it isn't magic. And it isn't nefarious forces. And it would be great if the liberal media would study more before making absurd claims.
My Soybean oil futures analysis • If the market breaks the resistance line with a big green candle, we have a high probability to get a bullish trend again
Otherwise it's a pullback, the market will return to the red support line, in this case and it's highly probable to break it and getting a bearish trend.
SOYBEAN FUTURES (ZS1!) 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.