LE1! trade ideas
Benny Manieri says Live Cattle futures in stagnant consolidationBut they do offer an opportunity....
We see the Cypher pattern (highlighted in blue) that recently completed and that Live Cattle is in consolidation, basically banging around inside a channel locked between 141s and 118s.
We have a bullish bat pattern (hot pink) that completes right at the 118 even handle structure level. I'm looking to buy up two contracts then to the highlighted targets. Frontrunning orders to ensure fills.
April Live Cattle, looks great on the daily!April Live Cattle triggered a short for me after the gap down in the 134 area.
I like the way it's behaving. In the last couple sessions, it has broken down below the short- term uptrend line after a clean touch on the longer- term downtrend line.
Live cattle - Lets short the bulls, it's a bear market after allIt's quite a clean up/down scheme we have here in live cattle price. The price is still above the cloud so we should not enter a trade now but a twist is incoming and it could attract the price to a lower area. Current Kijun was broken and price, in case of a twist breakout, would reach the first support area at 127.3 with a high probability. This key level will determine whether the depicted trades can be issued with a "M" shaped price and its bearish leg (red arrows).
Live cattle - Let the bears take control of the cattle, short.HA candles to make the PA clearer.
PA is in clean downward pitchfork and is nicely oscillating between the upper and lower areas. PA is about to cross the Ichi cloud which could be the start of a short trade. However the lagging span still has some layers to go through before being free. This could occur within the blue ellipse area.
Note the lower support within the pitchfork that could prevent the PA from reaching the lower prong. This is where the TP can take place.
Some fundamentals: www.agweb.com
Some news that could maintain the price flat during the cloud traversal: www.agweb.com
Live Cattle: Probable Shorts Off Of Hidden Resistance LevelTraders
Probable continuation short here to the lows of the range. Nice shooting star doji type candle with engulfing signal. Quite bearish. Price resisted off ratio confluence and 50MA. Should be a nice trade guys.
Best of luck
Tom
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Cattle market range bound modeMy view is that cattle market is in range bound mode,
whitch is good to trade with support and resistance
The problem is that ATR is aggressive to set proper stoploss
Another Livestock Calender Spread huge move Stoch crossSee how this dip forecasts the strength of the next move above overbought.
LE Live Cattle futuresBull run looks over. Likely bounce on trend line and s/r confluence btwn 166.70 - 165.33. Then target 159.93
Beef prices heading south before summer? Yes (revised)Live Cattle (LC) has topped and is reversing. Typically we see seasonal highs in late April / early May (5 years and 25 years patterns). Price pattern is also supportive. 50MA crossed on 17April2014. Targeting 130.450 by the end of April2014.
Beef prices heading south before summer? YesLive Cattle (LC) has topped and is reversing. Typically we see seasonal highs in late April / early May (5 years and 25 years patterns). Price pattern is also supportive. Downward movement should be quite fast, between the 1/4 and 1/2 bear Ganns.
How to cook a steakLive cattle is coiling and seems ready to break out to the upside. Lower trendline is giving support. I'm entering in advance here targeting 137.000.
How to cook a steak:
www.youtube.com
Cut of beefLive cattle is at historical highs. 134.0-134.5 is giving good resistance. Price is poised to move towards the 2/1 Gann line. First target objective 130.75 but a long term downtrend is in the cards.
Summer BBQ season gives beef a bounceBullish seasonal projection supported by chart pattern. A clear bull flag has formed during the last 5days. Breakout to the upside would confirm the buy signal with a target objective at the intersection point of the 1/2 and 2/1 Gann lines (approx 126.000)
