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Soy Crush Spread at its EXTREMEKeep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread! What do you need to do to sell this spread? To sell this spread you have to make 3 transactions: BUY 1 soybeans contract SELL 1 soybean oil contract SELL 1 soybean meal contract Why do I see numbers in front of the chart symbols? You can see different numbers in front of the contracts like "2.2*ZM1!+11*ZL1!-ZS1!" because of the different multipliers in the futures contracts. Of course, you also make this trade with CFDs, in this particular case you need to have positions sizes with a similar nominal value
CBOT:ZM1!Short
by Tradimo_Official
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Gold is facing 1.300 againAfter a clear rally, Gold finally reached the support again. Almost every gold trader has the level of 1,300 on the screen and in this area, there is an enormous number of orders, on the one hand stops for all traders that are already long positioned, but also pending orders for long trades. In addition, the level of 1,300 hits the 38 Fibonacci level. Every healthy and strong trend corrects very often to this level. If the level of 1,300 breaks, it could go down with strong momentum. More likely in the current environment is a bounce at this price level and a rising gold price afterward.
COMEX:GC1!
by Tradimo_Official
JPYUSD is facing an important support levelThe Japanese yen is currently at a multiple tested support range at 0.00900. Here you have to look more closely and there are several possibilities: 1. Direct long positioning and stop loss under the support area 2. Wait for a stronger counter-move (for example higher closing price than the opening price yesterday) and then long positioning. Stop loss put under the support again 3. In case of break of the support, you can go for a short position. This can be done with a pending sell stop order or you can wait for the closing price.
by Tradimo_Official
Home Depot shortHarvey had hit the United States hard, causing serious damage. Now Irma stands almost on the doorstep and could put another one on it. But if Irma Florida should still miss, the damage should not be as high as currently expected in many places. HD increased strongly and opened an up gap after another. But the momentum and dynamic have been weakening and a nice doji was build yesterday. Here you could think about a short trade. The stop loss can be set at the high of the doji candle, the take profit could be at 152, which creates a very good risk-reward-ratio.
NYSE:HDShort
by Tradimo_Official
Spread trade with Russel2000 and Nasdaq100Recently, the Russel2000 and the Nasdaq100 are developing more and more in different directions. Since we expect a weaker stock market in the coming weeks and months and the Nasdaq100 can drop significantly lower, the possibility exists for a spread trade in both assets. The approach is relatively simple: Long in the Russel2000 and short the Nasdaq100. IMPORTANT here is to look at the nominal value of the individual futures in order to find the right relationship/position size. Taking into account the nominal value and the current implied volatility, you would buy two Russel Future (RTY) and sell one Nasdaq Future (NQ). It is interesting that the margin requirements are very low, if you put it directly as a combo, at the same time the financial risk is easy manageable.
CME_MINI:RTY1!Education
by Tradimo_Official
Palladium with breakoutThe picture in the palladium is bullish. Applications: The largest use of palladium today is in catalytic converters. Palladium is also used in jewelry, dentistry, watch making, blood sugar test strips, aircraft spark plugs, surgical instruments, and electrical contacts. Palladium is also used to make professional transverse (concert or classical) flutes. As a commodity, palladium bullion has ISO currency codes of XPD and 964. Palladium is one of only four metals to have such codes, the others being gold, silver and platinum. Because it absorbs hydrogen, palladium is a key component of the controversial cold fusion experiments that began in 1989. With the break of the last high at 930, there is a lot of space to the up site. At the same time, the now available support can be used as a stop loss level. This results in a trade with a risk-reward-ratio of 1:4.
NYMEX:PA1!
by Tradimo_Official
NZDAUD on watchlist!The picture in the NZDAUD 0.03% looks interesting and you should pack this currency pair on the watchlist. Currently, NZDAUD is 0.03% in a 90 pips wide support area and after the rather strong down movements, you may speculate on a counter-movement. If the support zone breaks down sustainably and even a weekly close price is below 0.9050, the path is free until the next strong support. In general, support and resistance are always very good spots to enter or exit trades. For this reason, it is immensely important to be well acquainted with these things and not to blindly pursue profit targets, which must overcome plenty of barriers.
by Tradimo_Official
Coffee under pressureThe chart shows coffee in a weekly chart over a very long period of time. At the very least, you can see very clearly how important it is to draw support and resistances and trend lines. You can clearly see the trend line that has already been successfully tested more than 3 times. However, there is also an opposite trend line which limits the coffee price into an increasingly narrowing price zone. This means that this triangle must always be broken and this usually takes a strong momentum and a lot of dynamics. The chart also provides horizontal support for the important psychological level of 100, which has also been successfully tested several times. What can still be seen on the chart is a trend channel, which plays an important role in the daily chart. In our opinion, it is worth a weekly view of the coffee cart, in order not to miss the breakout.
K
by Tradimo_Official