December Cattle Daily Numbers & Trade Ideas for 10/25/10
Oct 25, 2010
This report was sent to subscribers on 10/22/10 11:30 p.m. Chicago time to be used for trading on 10/25/10. Everything is done by Howard Tyllas, no program or black box.
After the close recap on 10/25/10: My pivot acted as resistance and was 101.55, the EXACT actual high, and my support was 100.05, just .15 from the actual low.
All Results for 10/25/10 were:
Soybeans: My resistance was the EXACT actual high; my support was .02 1/2 from the actual low.
Corn: My resistance was .04 from the actual high; my support was .01 from the actual low.
Crude Oil: My resistance was .58 from the actual high; my support was .21 from the actual low.
Nat Gas: My resistance was .006 from the actual high; my support was .002 from the actual low.
S&P: My resistance was .75 (3 ticks) from the actual high; my support was .75 from the actual low.
Gold: My resistance was $0.10 from the actual high; my support was $1.70 from the actual low.
Euro: My resistance was .16 from the actual high; my support was .09 from the actual low.
Bonds: My resistance was 4 from the actual high; my support was 2 from the actual low.
Cattle: My resistance was the EXACT actual high; my support was .15 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 10/25/10 have already been sent to subscribers at 5:20 pm.
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Use the same numbers as used on 10/22/10
5 day chart....... Up (last week same day)
Daily chart ...... Up
Weekly chart .......Up
Monthly chart.... Up 95.57 is the 200 day MA
ATR 1.32 Overbought 85%
Resistance at the 102.65 high, daily numbers support.
December Cattle (elec.) for 10/25/10:
This is another market made a new high for the run on Thursday and closed lower which bodes well for another down day to follow.
In my daily cattle numbers on Friday; my resistance was .42 from the actual high, my support was .27 from the actual low.
Cattle: Accurate support and helpful resistance. Bull chart back to the resistance. Above there the next chart weekly resistance is 104.17 and then 107.05, both posted in September 2008. I want to take the sell signal and risk .35 on the 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
December Cattle (elec.) for 10/22/10:
Cattle: Spot on support and accurate resistance. My idea to take the sell signal at resistance was a good idea. New high for the run and closed lower bodes well for another down day to follow on Friday, even though we are higher as I write. I want to take the sell signal and risk .35 on the trade idea
December Cattle (elec.) for 10/21/10:
Cattle: Spot on numbers. It looks like the market is exhausted after spending all its energy just to fill the gap resistance. I want to be a seller against the high of 102.65 and use a 102.82 buy stop to protect. I want to risk .35 on the trade idea.
December Cattle (elec.) for 10/20/10:
Cattle: Spot on support but not helpful resistance number. I said the bulls got the nod. I want to trade without bias and risk .35 on the trade idea.
December Cattle (elec.) for 10/19/10:
Cattle: Spot on resistance and not helpful support off .50. Bulls continue to get the nod but at the same time nearing strong resistance. I would continue to trade without bias and risk .35 on a given trade idea.
December Cattle (elec.) for 10/18/10:
Cattle: Accurate resistance but the support was not in play on this gap higher day. Now we are looking at a strong resistance gap above at 101.95, and a strong gap support at 98.27 below, the pivot of the two (the middle of the two) is 100.10, so I would say flip a coin or give the edge to the bulls because it is a bull chart but nearing and testing its resistance levels. With that in mind I want to day trade using the numbers without bias and risk .40 on any trade idea.
Want to know what I think for tomorrow and going forward?
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