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ZSF2021

Week 01: ZSF 2021 Still Buyer's Market in the early 2021First day of trading in 2021, ZSF2021 is very bullish in the first 4 hours. The market structure is clearly visible in H4, it keeps making a Higher High and we noticed the green candle momentum are relatively stronger on each pullback. Therefore we saw a series of uptrend last month. The current Support level is at $1,320 and currently we have not seen any sellers (yet) in the market. Will the price keeps going up? if there is no significant seller, yes. How high? we do not know yet. What we know, the direction will change when the Seller is bringing down the price back to $1,320 area. For now, no trade call for first week of 2021. Next week I will start using ZSH2021. Stay safe.
CBOT:ZSF2021
by machintose
Week 50: Short Opportunity on ZSF 2021Weekly analysis for ZSF2021 Week 50: 07 December to 11 December 2020 Following up last week analysis, the Resistant level at $1,200 remained in tact and our key level at $1,161 had been penetrated. Therefore, now we are looking to sell as the direction had changed. Here is my personal trade call for this week : Short now or Sell Stop at $1,154.00 Stop Loss (SL) is at $1,175.00 Take Profit (TP) is at $1,083.00 It gives us 3.47R 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.
CBOT:ZSF2021Short
by machintose
3
Week 49: ZSF 2021 Still bullishWeekly analysis for ZSF2021 Week 49: 30 November to 04 December 2020 Here is the playbook for Week 49, overall it is still Bullish. (a) Currently on H4, the price is forming a bullish flag with $12,000 is the current Resistance Level. (b) It may not be a straight forward bullish; the real key level is at $11,161.50 (area). What does this mean? (1) If the price make a clean break on $12,000 then we put a Buy Limit at $12,000 area (2) If the price just make a shy break on $12,000 level, then we are expecting either a False Breakout or another price compression. (3) If the price cannot break $12,000 it is still Bullish, don't get trapped by thinking that the trend has changed. The direction is only changing after the price enters $11,161.50 and below. Therefore, overall this week is still bullish bias; take a rational decision, don't get emotion involved. 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.
CBOT:ZSF2021Long
by machintose
Week 48: ZSF 2021 No sign of weakness, key level is at $1,150Weekly analysis for ZSF2021 Week 48: 23 to 27 November 2021 From 1st June 2020 until today, Soybean prices has been very (strong) bullish, especially in November. On the weekly Time Frame we can spot the decision level is at $1,150, however from the current price is still quite far. There is no sign of reversal yet, even on Daily chart, momentum still slower, sporadic with some keen buyers trying to push the price higher. Practically we have not seen any strong Sellers come to intervene, perhaps just like us and other traders, we just wait and see on how high the price will go. It is wiser to wait, observe and we enter when there is a firm confirmation on the price. No trade call this week, risky to long and not wise to short now. Stay Calm and enjoy the Black Friday shopping. 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.
CBOT:ZSF2021
by machintose
Week 47: ZSF 2021 Short OpportunityWeekly analysis for ZSF2021 Week 47: 16 to 20 November 2021 After a long rally, retracement was formed (in a mini down trend channel) and it broke to fill the Supply Zone. There two ways to trade this formation: (a) Aggressive Mode Solely based on the Price Action and we can reap better Risk Reward Ratio by sacrificing a small risk. Sell Limit at $1,153 Stop Loss at $1,160 Take Profit at $1,124 RR = 4.14R (b) Conservative Mode We wait for the confirmation to enter, it is a very safe trade with a decent ratio. Sell Stop at $1,139 Stop Loss at $1,152 Take Profit at $1,124 RR = 1.31R Use your own judgement and risk factor to decide. My personal opinion, this week ZS will have a rather big movement and from there it will be many ranging days ahead. If you are familiar with "Cancan Setup", you may know what I am referring to. 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.
CBOT:ZSF2021Short
by machintose
Week 46: ZSF 2021 Buy at retest levelWeekly analysis for ZSF2021 Week 46: 09 to 13 November 2021 Market was pushing the price higher and made a new Higher High last week. The Head and Shoulder formation was not happening, on Friday the momentum was slower and today not much happening too in Asian session. Overall trend is still bullish, but don't jump to the band wagon now; we better wait at a retest level to long. My personal trade call for this week : Buy Limit at $1,084 Stop Loss at $1,061 Take Profit at $1,130 RR = 1.92R Special note : As there is no reference on the Take Profit, we do not know how bullish it will be. My advise, watch for the Price Action in H1 and H4; they will give you an early warning whether to close manually or let it ride. If I happen to watch it, I will update it here on comment section. 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.
CBOT:ZSF2021Long
by machintose
3
Week 45: ZSF 2021 Consolidation PhaseWeekly analysis for ZSF2021 Week 45: 02 to 06 November 2021 Overall, this week I am very bearish bias. There are two spots of level which give us a good profit ratio: (1) Sell Limit at $1,065 (2) Sell Stop at $1,035 There is no trade call today (this week), just a few guidelines: a. If you are shorting now or still haven't closed your trade from last week position, the best Take Profit level is at $1,036 b. If you are looking to sell, wait for the price to breach $1,035 or bounce to $1,065 or split your lot size with heavy on top. c. Stop Loss is at $1,067 (close all your short positions if the price is closed at this level or higher) d. Take Profit is at $1,000 e. Last advise, keep in mind that now the price is forming the head, it needs to form the right shoulder before going down. 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.
CBOT:ZSF2021Short
by machintose
Week 44: ZSF 2021 Bullish compressionWeekly analysis for ZSF2021 Week 44: 26 to 30 October 2021 Soybeans is persistently soaring higher and higher, there was no sign of slowing down. Even today, there is no strong seller sighted yet; looking at from the momentum movement, the market may show a sign of deceleration. However, until we see a Strong Seller, then we can say that the momentum has changed direction. Actually I won't rush to sell, because the data is not complete yet. The only reason I will place a Pending Sell Order, it's because of the compression shape, or commonly known as ascending wedge. Again, this is a risky trade, no reference to the left and let's speculate. We have a good RRR for this trade. My personal trade call: Sell Limit: $1,082 Stop Loss: $1,090 Take Profit: $1,047 Risk Rewards Ratio: 4.67R 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.
CBOT:ZSF2021Short
by machintose