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LE1! trade ideas

December Live Cattle Head and ShouldersDecember Live Cattle has topped out the last shoulder and has gone to a spinning top. Expect drop Wednesday down to 121.250 at about the 2 day moving average. If it can go below this mark and stay below, then pivot at 120.775 would be the next target. Neckline comes in at about 120. If we see a fall through this target, height of right shoulder comes in at S2, 117. For now this is still a bull market. Expect rejections along the way or a turn back up to higher prices.
CME:LEZ2019Short
by hopscotch
LIVE CATTLE FUTURES (APR 2019), 1D, CMETrading Signal Short Position (EP) : 127.4 Stop Loss (SL) : 128.2 Take Profit (TP) : 125.325, 124.025 Description LEJ2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (127.4) and place stop after 0.618 level (128.2). Once the position was hit, place take profit before an agreement (125.325) and 124.025 Money Management Money in portfolio : $1,000,000 Risk Management (0.5%) : $5,000 Position Sizing $0.025 = +-$10/std-contract Commission fee = -$5.8/std-contract EP to SL = $0.8 = -$320 Contract size to open = 15 standard contracts EP to TP#1 = $2.1 = +$830 EP to TP#2 = $3.4 = +$1,350 Expected Result Commission Fee = -$87 Loss = -$4,800 Gain#1 = +$6,640 Gain#2 = +$9,450 Total Gain = +$16,090 Risk/Reward Ratio = 3.27
CME:LEJ2019Short
by SuppasitWechprasit
cattle-another global growth storyit appear a trend change is about to happen in the cattle market. in my opinion supply outweighs demand and will soon influence cattle pricing. trend changes are fairly normal may take sometime to correct. tomorrows WASDE and other influencing factors may give traders insight post gov shutdown. current curve is backwardated meaning front month futures are trading at a premium compared to back months. calendars and diagonals are optimal here. remember agriculture and live stock have been flying blind since shutdown effected USDA reporting.
CME:LE1!Short
by The_dumpster_diver
LIVE CATTLE FUTURES (APR 2019), 1D, CMETrading Signal Short Position (EP) : 126.95 Stop Loss (SL) : 127.65 Take Profit (TP) : 125.55 Description LEJ2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (126.95) and place stop after 0.618 level (127.65). Once the position was hit, place take profit before an agreement (125.55) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.025 = +-$10/std-contract Commission fee = -$5.8/std-contract EP to SL = $0.7 = -$280 Contract size to open = 10 standard contracts EP to TP = $1.4 = +$560 Expected Result Commission Fee = -$58 Loss = -$2,800 Gain = +$5,600 Risk/Reward Ratio = 1.94
CME:LEJ2019Short
by SuppasitWechprasit
LIVE CATTLE FUTURES (FEB 2019), 1D, CMETrading Signal Short Position (EP) : 124.95 Stop Loss (SL) : 125.475 Take Profit (TP) : 123.9 Description LEG2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (124.95) and place stop after 0.618 level (125.475). Once the position was hit, place take profit before an agreement (123.9) Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.025 = +-$10/std-contract Commission fee = -$5.8/std-contract EP to SL = $0.5 = -$210 Contract size to open = 13 standard contracts EP to TP = $1.1 = +$420 Expected Result Commission Fee = -$75.4 Loss = -$2,730 Gain = +$5,460 Risk/Reward Ratio = 1.95
CME:LEG2019Short
by SuppasitWechprasit