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LE1! trade ideas

December Live Cattle UptrendLive Cattle is using the green curve support line as launching areas for more upside moves. Looking for a move to R2 and maybe R3. Bulls have been supporting this market for a while now and don't see any end in sight short term. Because of China trade issues, cattle is lower than what it should be by this time of year being bbq season. Right now I have a bearish Cypher. Market could rise beyond this to go for a double top. That would put it near R3. significant break of this green trend line and staying below might signify an end to this upward trend. RSI hasn't been breached yet and is showing the continued rise to top of RSI.
CME:LEZ2018Long
by hopscotch
Live Cattle Futures LEV2018 D1Trading Signal Short Position (EP) : 109.725 Stop Loss (SL) : 110.7 Take Profit (TP) : 106.095, 105 Description LEV2018 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (109.725) and place stop after 0.618 level (110.7). Once the position was hit, place take profit before an agreement (106.095) and 105 Money Management Money in portfolio : $48486 Risk Management (1%) : $484.86 Position Sizing $0.025 = +-$10 (Standard) Commission fee = -$2.9/contract (Standard) EP to SL = $1 = -$390/contract (STD) Contract size to open = 1 standard contracts EP to TP#1 = $3.6 = +$1452 (STD) EP to TP#2 = $4.7 = +$1890 (STD) Expected Result Commission Fee = -$5.8 Loss = -$390 Gain#1 = +$1452 Gain#2 = +$1890 Total Gain = +$3342 Risk/Reward Ratio = 8.44
CME:LEV2018Short
by Fast9
LIVE CATTLE futures . Long on retracementLive Cattle -0.04% prices tend to follow clear trends , as can be seen by the descending channel from 2015 to 2017 (almost 2 years) Options expiration is February 28. I will look for support on the current parallel or retracement to the lower parallel for a long entry. Stop below previous low and take profit at 25 centile. Depending on price action I may keep the trade open and move stop up to 25 centile. Possible trades are outlined. I would become bearish if price falls below the lower parallel
CME:LE1!Long
by a1Keith
Feb Live Cattle BatFeb Live Cattle made a bullish move today creating either a three drives scenario or a possible bearish bat. Cattle needs to break 121.900 and hold steady above this line to get any traction. A fail would put us back into a horizontal three drives pattern. Since Cattle loves double tops this could also be a bearish Gartley stopping at 126.475 which is the current pivot. In coming pivot would be around 122.200. Significant trading came in at 118.850 so that would be support for this uptrend. Overbought RSI would take us anywhere between pivot 126.500, and 130.
CME:LEG2018Long
by hopscotch