No need to be greedy now!We went close to our 2nd TP and missed it by 0.04. In my world thats close enough,no need to give back all those gains so we close the Soya trade after almost a month of riding it. Now if thats not trend following i dnt know what is..kkkby taftraderPublished 4
SOYBEANS - DAILY CHARTHi, today we are going to talk about Soybeans and its current landscape. The Corn and Soybeans could (or not) give a sweet surprise for investors and U.S farmers as the Corn Belt it's poised to once more fall on Donald Trump grace, after a tough year for farmers, that already it's been hurt by the ongoing Trade War between U.S and China, and felt backstabbed by the government since the negligence of the government in obligate smaller oil refineries to respect the requiring quota of biofuel use, which resulted in a restrained demand growth and a squeezing of prices. Now, after the walk through the darkest valley, U.S farmers start to once more see the light as Trump, seeking to regain their trust and votes from the region that back in 2016 supported him to the most. The President has been using the so-called "phase one" of this attempt of Trade Deal to force China to buy $50 billion of their agricultural goods, Trump it's wanting so badly to reclaim its title of champion of the farmers that it's pushing to the signature of the deal, to be on the farmer state of Iowa. The only thing in the way is to the deal be concretized, which might just get a bit harder as Trump has signed Hong Kong Human Rights and Democracy Act of 2019, giving support to Hong Kong protesters, and most possible dragging China ire towards the U.S considering the sensibility of China regarding its internal affairs. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice. by Igor-SilvaPublished 1125
SOYBEAN : LONGThe figures for soybeans contain a good risk / reward ratio (1: 3). Stoploss: 8.931 Goal: 10.24 There may be some relaxation in the first place, since I don't want to forget, I have already shared my analysis.Longby NoldoUpdated 6
0.0125 scale45's ran from swings...total coincidence im sure, but wave 3 is dead on at 45 degrees... not to mention how price is respecting this angle at this scale from basically all swing points :D Longby Second2NunPublished 6
broken correlation or im simply wrong.... but the waves say we're long...which from my perspective all markets really are breaking their correlation from their major waves...and have been adjusting really since 2010 or so when cyrptos started to really hit the scene! interesting....its setups like this...which IS my MAJOR signal, as to why i stopped trading these types of systems and went to ganns work... its just not debatable and basically all other systems, from support/resistance to trap trading levels you think got people interested, theres just no consistency with it...and thus you might as well flip a coin....BUT when you do have the right wave count...it can be quite profitable for quite some time if you're tuned into the major wave, or even secondary wave sequences... This should be the end of the major 5 waves down and the end of the 2nd fractal...which in this case is the daily chart, completing its 5 wave sequence also. If the wave counts are right i've been producing lately...ganns original work will have been offset, likely by the sheer mass of force that cryptos have created...but we'lll see! i mean president assasinations, wars and all sorts of other stuff has happened and its just keeep trucking right on que....i think we have a new leader tho if you will... a new source energy. from a spiritual perspective, this energy is strong, honorable and gets things done with much less of a winner/loser capitalist outcome. Longby Second2NunUpdated 4
3 is better than 2get it.... some of you didn't get it, didnt you? thats why we can't be friends :DLongby Second2NunPublished 4
SOYBEANS (SOYBN/USD)A nice rising wedge pattern is forming on this chart. It would be wise to enter a short on the break of the counter trendline on the weekly chart. The market is largely in a bearish move that can be maintained if enough sellers creep in.Shortby munyaelliottPublished 10
NiceWe reached our 1st Target and we are in risk free. . . .enjoy! We wait for 2ndShortby taftraderPublished 5
whats your point man?working with what would be the zero point of geometry from the standard wave perspective.Longby GannReincarnatedPublished 2
spiral inside your rangeyou can use fibs with whatever... but gann is basically just even handle numbers with the ability to break them down nicely and have angles running off of them... the FIB A NAH C (not fibAnotchy) goes INSIDE your range and WHEN its done correctly, you'll get the NAN error... like you see here. from the .618 to the zero point of the year in this case... this is SUPER foundational base level stuff to build VALID complex harmonic multi-dimensional geomtry....i suggest using a scale, but to each their own :D Longby KnumberPublished 3
Bad Yield for Soya!The past two months saw a steady rise up to the monthly Kijun. Last month we got this level and made a wick on the monthly kijun,signalling rejection. This wick was represented by numerous wicks on the daily from 14 October to around 24 October. The bearish candle that followed on the 25th of October showed the bears mean serious business as this thrust through our monthly kijun level ( area shaded in blue) which was support on daily. We then tested this region for the 1st time as reistance and now looks like we are testing it again now culminating in a somewhat double top formation. We have not had a convincing close and follow up above this level on the daily. This could be a tell tell sign of more bearish movement imminent. Confluence is added by the TK crossover that happened on the 6 of November. If my thesis is right we should see a bearish weekly candle next week which would signal the start of a bearish drop to the monthly Tenkan before year end. Entry: two small positions on close of a H4 candle below 9.232 SL : 9.440 (a safe distance from last month high) TP1: 9.230 ( weekly tenkan) TP2: 9.606 (monthly tenkan)Shortby taftraderUpdated 5
SOYBEANS - DAILY CHARTHi, today we are going to talk about SOYBEANS We observe a D1, some important points. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents!Longby Igor-SilvaPublished 25
Soybean, possible long set upOANDA:SOYBNUSD chart on daily time frame interestingly forms an inverse head and shoulder pattern and makes quick breakout upwards. We are yet to test the support and see if it can bounce of that levels. Currently its at a short term resistance zone where a lot of price action has taken place in the past. The story so far, we saw a dramatic and sharp fall in prices, then the price got into a rectangle like sideways formation where it tried to exit the channel and failed. This pattern being a bearish formation, was more like to exit downwards and so it did. Post the downward break, it got into forming an inverse head and shoulder pattern, Please note that since this formation is made after a good fall in prices, there is a fair probability that the prices could have bottomed out OBV and RSI also having an upwards slope. Interesting to watch how price reacts from here. Look out for LARGE CANDLES and VOLUME. These could be excellent times. If it doesn't breach current resistance (Blue zones) and drops to support levels (pink zone), wait for the bounce back of support to take long position with stop loss right below the peak of the right shoulder . Take profits initially as prescribed various higher Fib levels If you like what you read, please share a thumbs up. Your comments will also be highly appreciated. Cheers Longby LoveForChartsPublished 3
SOYBEANS WEEKLY ANALYSIS - PRICE HAS FINALLY BROKEN OUT OF RANGEFinally! Soybeans has broken out of the range its been trading at on the weekly time frame for almost a whole year. Wow. Will price continue to go up? Probably, I'm going to wait for a delicious retrace before entering long. Now since this is on the weekly time frame this might take a week or two before a setup emerges. Be patient, wait for confirmation, wait for the bulls to show their hand and the bears to fold. Trade with the trend friends. Daily trade analysis and ideas: Telegram: t.me Facebook: www.facebook.com Twitter: forex_dojo Instagram: www.instagram.com Website: www.forexshinobi.com ForexShinobi Longby FXShinobiPublished 8