Short Setup and Trade for Soybean CBOTI have my own trading system depending on only numbers and dependin on my system it said short. I only want to publish here to track my records and share with the public.
XK1! trade ideas
Soybeans weekly TAThe wave count in this chart differs from the one in the monthly. If this one holds true, we should be in W3:W5:W4, which is supposedly in a rectangle shape below the previous major support, which is now our major resistance (the red line). Daily analysis will give us a better understanding of the inner structure of the wave in making, and will hopefully provide us with a tradable picture.
Soybeans monthly TAIt seems what W. D. Gann said some half a century ago still holds: "Soybeans is the king." Now this king is still away from a powerful support. It so seems that a 5-wave move is to be completed by the LMLH. Stoch seems quite happy and restful in the oversold zone. We are in the sixth narrow monthly bar, and technicians would love to see a NR7 breakout. But what I believe is that we have to be vigilant against a premature breakout, since it is also highly likely here. All in all my sentiment is bearish. And will be so until we see mid 700s.
Tick-tock-tick-tock flat line... maybe upWeekly:
- Absolutely dull. Major comment: "??????"
Daily:
- Neutral. Tightenning triangle
- Based on Heikin-Ashi signal, maybe up... but in fact it is still a noise.
Fun conclusion:
"Soybeans must be made of EURUSD" :-D
ZS looking more and more tempting.A little lower and Im not sure I could resist a low risk (punt).
If it doesnt, I will look to enter on a decisive break of the upper band of the L/T down channel.
Break of HZ support, will look to enter.
Still will be a great trade for 2016 either way
Still waitingAnother commod that looks like primed for a big move. Just waiting for the U$ to decide
Good morning Bulls and Bears!Wake up call. Is this trendline breaking? Are we going to see a bullish Kumo breakout within few days?
Anyhow, Heikin-Ashi signal and EWO is improving bullish .
No action in bearish channel since Aug/2015 Weekly:
- Huge bearish channel, but not much price action seen since Aug/2015
- Ichimoku setup is still bearish, strategic reversal level is ard 960
- Heikin-Ashi shows hesitation, with haDelta positive divergence
- EWO also have minor positive divergence
Daily:
- 855 key resistance worked again, price pops, making Ichimoku neutral
- Key reversal level (upper supp/res) is ard 880-890! Watch trendline, 100 WMA and Kumo!
- Heikin Ashi is bullish
SOYBEANS: SHORTS FAVOURED AGAIN- SEEKING DEEPER MOVE #SOYTraders,
Update idea, we have made very nice money with Soybeans so well done to everyone who followed me on that idea, especially well done to those in my signal group who got this idea in realtime!, it went well. We are now looking into a continuation short to maximize our profits.
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move.
Best of luck
Tom
---For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for discounts---
Soybeans at crucial dayCan it be the first AG to show any signs of life? Still remains heavily skewed towards downside
SOYBEANS: SHORTS FAVOURED AGAIN- SEEKING DEEPER MOVE #SOYTraders,
Update idea, we have made very nice money with Soybeans so well done to everyone who followed me on that idea, especially well done to those in my signal group who got this idea in realtime!, it went well. We are now looking into a continuation short to maximize our profits.
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move.
Best of luck
Tom
NOTE: For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for discounts.
Thank you.
Soybeans: Shorts Favoured Again- Seeking Deeper Move #SoyTraders,
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move. We are at small wave after an impulse and failing at the 20MA. This is the final breath for Soy, and we have a high chance of hitting wave target without any pullbacks now.
Best of luck
Tom
NOTE: For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for temporary discounts.
Thank you.
Soybeans: Shorts Favoured Again- Seeking Deeper Move #SoyTraders,
After a short recently, looking to short once again. We're at a good area, pinging off recent divergence, looking for a lower low hopefully. This would, in turn, ignite a deeper correction and give us some downside move.
Best of luck
Tom
NOTE: For online and face to face personalized tuition, and signals packages, message me here on Trading view, or message me with the email address on my Trading view profile page for Christmas discounts.
Thank you.
NOTE:SOYBEAN POSSIBLE WEEKLY WAVE COUNTER It is possible to count, But we need to wait for next spring, And then decide whether to take action!
Soybeans: Good Shorting Opportunity After Weak Correction #SoyTraders,
Good opportunity to get a short after a poor correction.
-Strong bearish engulfing
-Verified pullback using Fib levels.
-Verified trend direction using moving averages.
-Demand zones found and predictable assumptions can be made.
-Soy beans are junk and have been this entire year.
With many technical circumstances outlined on my chart, you can see how lucrative this trade could be.
Note:Interested in personalized online or face to face trading tuition? Message me here on Trading view, or email me with the email address on my Trading view profile page
Best regards
Tom
Soybeans - Look at this interesting chartLook at this really interesting chart of Soybeans. I entered long Corn almost a week ago and I was waiting for a good signal on soybeans. The price reached the rejection line of the descending channel. Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.
Counter long before/after USDA? #HeikinAshi is positiveI have been hesitating for 3-4 days wether to open or not some long position in Soybeans.
Finally I did it today, but as the big picture is still bearish, this position has to be treated as a counter trend trade, which means size is only 0,5 risk unit.
Weekly:
- Long term bearish ichimoku setup, but: Price got far below Kijun Sen (should attract it back), Future Kumo got very thin, as past 52 weeks volatility decreased, actually Senkou B (52 weeks average) is down to 972!
- Possible Heikin Ashi signal for a pull back.
- Obviously USDA report will be decisive today, but if comes positive then haDelta/SMA3 would move back above zero line and in coming weeks we could see a correction up to 950-970 supp/res zone.
Daily:
- Ichimoku setup is bearish, but if Price clearly closes above Kijun Sen, we may see some short covering, with a possible squeeze tgt to 925-950 zone initially.
- Heikin Ashi is bullish. Important to see if haDelta/SMA3 cross above zero can stay after today's report.
Bullish momentum as a consequence of weather conditionsJune brought an abundant wave of relentless storms, almost double the normal monthly rainfall, and a strong rally in grain prices. The wet conditions have spurred a long list of concerns for U.S. farmers and U.S. crop conditions substantially deteriorated in the final two weeks of June, according to the USDA.
Nitrogen leaching and the lack of days available to spray post emergence crop protection chemicals are two of the major concerns affecting crop conditions. Weed, pest, and disease pressure may all increase as the growing season progresses due to the deadly combination of wet and cold weather after planting, followed by delayed spraying.
Also, soybeans are known for an inverted correlation with the US dollar.
Sources:
www.investing.com
www.investing.com
www.whig.com
www.signalfinancialgroup.com
www.investing.com
Commodities are less risky than forex and stocks, but beware of consequences if you trade on other's people ideas anyway.
Soybeans - Can it reach 1100?Weekly:
- Ichimoku setup is neutral (bearish consolidation)
- Heikin Ashi setup is bullish, but price has to fight with weekly Kijun Sen and trend channel top. Will it break or will it dip again?
Daily:
- Very impressive move from a double bottom, price soars above Kumo. Chikou Span also ticked above past Kumo, but price faces some headwind at 1000 resistance.
- Heikin Ashi started to show some slowdown in extreme bullish momentum. The short squeeze rally may take a pause, haDelta started to decrease from extreme high.
- We will see some sideaway consolidation or a pull back to 960-965 support, which I think would be an optimal risk/reward entry for longs.
