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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.

October Cattle (elec) Daily Numbers & Trade Ideas for 8/16/10

Aug 16, 2010

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This report was sent to subscribers on 8/14/10 8:30 a.m. Chicago time to be used for trading on 8/16/10. Everything is done by Howard Tyllas, no program or black box.

October Cattle (elec.)

After the close recap on 8/16/10: My resistance was 97.00, .17 from the actual high, and my support was 95.02, .25 from the actual low

Results for 8/16/10 were:

Soybeans: My resistance was .00 1/2 from the actual high; my support was .00 1/4 from the actual low.

Corn:    My resistance was .03 1/2 from the actual high; my support was .00 3/4 from the actual low. 

Crude Oil: My resistance was .18 from the actual high; my support was .16 from the actual low.

S&P:    My resistance was 1.75 from the actual high; my support was 4.25 from the actual low. 

Gold:     My resistance was $4.30 from the actual high; my support was $3.10 from the actual low. 

Euro:    My resistance was .40 from the actual high; my support was .24 from the actual low. 

Bonds: My resistance was 13 from the actual high; my support was 7 from the actual low. 

Nat. Gas: My resistance was .020 from the actual high; my support was .014 from the actual low.   

Cattle:  My resistance was .17 from the actual high; my support was .25 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 8/17/10 have already been sent to subscribers. We cannot post every market, if you are interested sign up for free & get "how I use my numbers".

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97.00                            Resistance

96.05

------------95.52       Pivot 

95.02                           Support

                    

 Use the same numbers as used on 8/ 10 & 11 & 12 /10  

Trend                       91.62 is the 200 day MA    

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

Daily chart   ......   Up                  

Weekly chart .......Up                      ATR 1.02

Monthly chart....    Sideways       Balanced 47%

 cat 8 16 10

I continue to say "Top channel line acts as resistance again, and then 97.50 resists at the top uptrend line. Key support at the bottom uptrend line".  

October Cattle (elec.) for 8/16/10:

I said "Notice how the downtrend line acted as perfect resistance on Thursday. This is another example of how the top channel uptrend line acts as resistance, while the bottom line acts as support. When the market was above the top line, it then acted as support". (Last Thursday) Notice how it acted as perfect support on Thursday.

In my daily cattle numbers on Friday; my pivot acted as resistance and was .02 from the actual high, my support was .15 from the actual low.         

Cattle: Spot on numbers. Trading without bias was a good idea once again, and with the market in the middle of the uptrend channel I want to continue to trade without bias and risk .40 on a trade idea.              

October Cattle (elec.) for 8/13/10:

Cattle: Spot on support and accurate resistance numbers. Same thoughts as yesterday when I said "Bull chart but the bears are trying to take control. I want to trade without bias and risk .40 on a trade idea".

Results for 8/12/10 were:

Soybeans: My resistance was .03 from the actual high; my support was .00 1/2 from the actual low

Corn:    My resistance was .03 3/4 from the actual high; my support was .02 1/2 from the actual low. 

Crude Oil: My resistance was .10 from the actual high; my support was .33 from the actual low.

S&P:    My resistance was 3.00 from the actual high; my support was .50 from the actual low. 

Gold:     My resistance was $3.50 from the actual high; my support was $1.40 from the actual low. 

Euro:    My resistance was .55 from the actual high; my support was .48 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 16 from the actual low. 

Nat. Gas: My resistance was .007 from the actual high; my support was .021 from the actual low.   

Cattle:  My resistance was .17 from the actual high; my support was .02 from the actual low. 

October Cattle (elec.) for 8/12/10:

Cattle: Accurate numbers. Bull chart but the bears are trying to take control. I want to trade without bias and risk .40 on a trade idea.

October Cattle (elec.) for 8/11/10:

Cattle: Spot on support and helpful resistance. With this longer term bull chart but bears are in short term control, I want to trade without bias today using the numbers and risking .40 on a trade idea.

Results for 8/10/10 were:

Soybeans: My resistance was .00 1/2 from the actual high; my support was .01 from the actual low.

Corn:    My resistance was .01 from the actual high; my support was .01 from the actual low. 

Crude Oil: My resistance was .26 from the actual high; my support was .37 from the actual low.

S&P:    My resistance was 3.75 from the actual high; my support was 8.25 from the actual low. 

Gold:     My resistance was $3.60 from the actual high; my support was $3.80 from the actual low. 

Euro:    My resistance was .14 from the actual high; my support was .19 from the actual low. 

Bonds: My resistance was 8 from the actual high; my support was 5 from the actual low. 

Nat. Gas: My resistance was .026 from the actual high; my support was .033 from the actual low.   

Cattle:  My resistance was .32 from the actual high; my support was .12 from the actual low. 

October Cattle (elec.) for 8/10/10:

Cattle: Spot on resistance and accurate support. Taking the sell idea was a good one especially with the resistance number and chart so helpful. This is a bull chart but $1 is a solid resistance number. I would cautiously trade the numbers without bias but only risk .35 on a trade idea.

October Cattle (elec.) for 8/9/10:

Cattle: Spot on numbers off .05 on the resistance (2 ticks) and off .10 on the support. Idea to trade the numbers without bias always works well when the numbers are spot on. I want to only take the sell signals today and risk .40 on the trade idea. I do not want to take the buy signals when near long term chart resistances.

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

October Cattle (elec.) for 8/6/10:

Cattle: Spot on numbers off .10 on the support and also the resistance number. Idea to only take the sell was a good one, and the trade I left on the table being the buy was a good one too. I have no bias today and would risk only .35 on a trade idea.

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 T Bond, Gold, and  Natural Gas and 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 cover 9 markets for less than $10 a 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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