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LE1! trade ideas

October Live Cattle ShortThe market has experience an an excellent rally over the past 10 days and is now hitting a prior area of support/resistance. When using the Fib Extension we are currently at the 127.2 Level, which also lines up with a 78.6 Fib Retracement at this same level. An additional confirmation can be found by the overbought level of the RSI Indicator below. I am predicting the market to fall back down to the $110-112 area (green zone) and hopefully find support and head for a new high around the $119-120 level, but that won't be for a couple weeks if it happens. Time will tell. Let me know your thoughts.
CME:LEV2016Short
by JaceYoung
August Feeder Cattle ShortThe market has made a New Structure Low (NSL) in the past couple days when the market became oversold and now has started to rally a bit. This NSL would signify another downtrend continuation trade possibility. Based on prior resistance/support areas, I am projecting the market to rally back into the $115-$117 price range, which happens to be the 61.8 - 78.6 Fib Retracement Zone as well, and then continue our downtrend or at least retest the lows at $109.625. Let me know your thoughts.
CME:LEQ2016Short
by JaceYoung
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.
CME:LE1!Long
by BennyManieri
1
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).
CME:LE1!Short
by albert.callisto
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
CME:LE1!Short
by albert.callisto
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 Note: I offer face to face, and online personalised tuition to people who wish to become professional traders. For more details of these trading courses I offer, message me on here, or email me with the email address on my profile page. Thank you.
CME:LE1!Short
by TomProTrader
5