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Hedging Corn and Soybeans

RSS By: Howard Tyllas, AgWeb.com

Howard Tyllas is currently a member of the Chicago Board of Trade and registered with the Commodity Futures Trading Commission as a floor broker and as a Commodity Trading Advisor.

December Cattle Daily Numbers & Tarde Ideas for 11/1/10

Nov 01, 2010

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This report was sent to subscribers on 10/31/10 11:30 p.m. Chicago time to be used for trading on 11/1/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle

After the close recap on 11/1/10: My pivot acted as resistance and was 98.90, .20 from the actual high, and my support was 98.27 FG, .32 from the actual low.

Subscribe now! Do yourself a favor and get your numbers after the market is closed to be used for the next session trading. Ask yourself how much would it have been worth to read my comments and get my numbers 14 hours before today's open outcry?

All charts and numbers for 11/2/10 have already been sent to subscribers at 5:20 pm.

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100.27      

  99.52      

------------98.90      Pivot 

  98.27 FG

  96.80

       

Trend             

5 day chart.......      Down    (last week same day)                                                          

Daily chart   ......   Up                      

Weekly chart .......Up                  

Monthly chart....    Up      95.82 is the 200 day MA         

ATR 1.20                           Extremely Oversold 7%

cat 11 1 10

Daily numbers resist, and the gap near the bracket line is major support.

December Cattle (elec.) for 11/1/10:

In my daily cattle numbers on Friday; my pivot acted as resistance and was .25 from the actual high, my support was .27 from the actual low. 

Cattle: Spot on numbers. Another bull chart that is breaking down but still intact. Bears want to keep it under 100.00. Bulls want to defend the gap support and bracket line. If that goes, the low of October is next. I would continue to trade without bias and risk .35 on any trade idea.

New Subscribers:  Keep in mind that these are day trading numbers. They are equally to be used for swing trading and longer term trading time frames on the day I want to enter or exit my position. The charts are to be used for overall trade location looking for areas of price discovery of support and resistance levels. When the market does go to the charts longer term support or resistance levels such as bracket lines or longer term trend lines, I use my numbers on that day to enter or exit my position. The numbers do not tell you what to do, you are in control of that, but they will give you a framework to try and buy or sell at the best price for that day. For me it gives me a strategy and the best way I have found to discover the best price for entering or exiting my trade ideas.

If I have the exact numbers for the actual high and low of the day 12 hours in advance, the question has always been, how do I trade it? That is what I best describe in my numbers explanation. Any intuitiveness or nuances I trade, I would keep a journal to see if it is worthwhile overriding my plan. I rarely go against my explanation

 

Want to know what I think for tomorrow and going forward?

The 9 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, and Nat gas Cattle.

My numbers usually are sent at least 12 hours (via your email) in advance of the next day open outcry session. Subscribers use them as best suited to their own needs and sometimes that involves the overnight trade.

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HowardTyllas Daily Numbers & Trade Ideas is designed to help you plan your trading strategies for the coming day.

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Feel free to email with any comments or question you:  www.howardtyllas@howardtyllas.com

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           May Your Next Trade Be The Best                          

                     Howard Tyllas            

 BT 

Disclaimer:     No guarantee of any kind is implied or possible where projections of future conditions are attempted. Futures trading involve risk. In no event should the content of this be construed as an express or implied promise, guarantee or implication by or from Howard Tyllas, that you will profit or that losses can or will be limited in any manner whatsoever. No such promises, guarantees or implications are given. Past results are no indication of future performance.

 

 

 

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