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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 (elec.) Daily Numbers & Trade Ideas for 9/21/10

Sep 21, 2010

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This report was sent to subscribers on 9/20/10 6:30 p.m. Chicago time to be used for trading on 9/21/10. Everything is done by Howard Tyllas, no program or black box.

December Cattle (elec.)

After the close recap on 9/21/10: My my pivot acted as resistance and was 100.85, .25 from the actual high, and my support was 99.47, .27 from the actual low

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All charts and numbers for 9/22/10 have already been sent to subscribers at 6:15pm. 

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102.65

101.95

------------100.85       Pivot 

  99.72                   

  99.47 XX        Key Uptrend Line Support (stops below)    

         

Trend                                        

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

Daily chart   ......   Up                  

Weekly chart .......Up                

Monthly chart....    Up      94.45 is the 200 day MA         

ATR 1.15                           Balanced 41%

cat 9 21 10

I continue to say "Uptrend line is key support at 99.40, recent high resists".  

December Cattle (elec.) for 9/21/10:

 "Spike Top" was posted on Friday because of the Monday price action that opened lower than Thursday's close. Bearish action should bode well for further corrective action, but as long as the uptrend line holds, the bull chart is intact.

In my daily cattle numbers on Monday; my resistance was .45 from the actual high, my pivot acted as support and was .32 from the actual low.

Cattle: Accurate support and helpful resistance at best. Bull chart with a bearish chart signal on Monday. Bull chart is strong but at longer term resistance. I can only take the sell signal today and would risk .40 using a buy stop to protect. 

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 9/20/10:

Cattle: Helpful numbers. Bull chart with resistances from the weekly and monthly chart compared to the uptrend line support. I can only trade this bull market without bias using the numbers to day trade with. I want to risk .35 on any trade idea.

December Cattle (elec.) for 9/17/10:

Cattle: Spot on numbers. Closing above all the bars on the daily chart and near their high of the day warrants expectations for follow through to the upside today. I want to trade without bias and risk .40 on a buy stop to protect.

December Cattle (elec.) for 9/16/10:

Cattle: Accurate numbers. I have the same thoughts and numbers as yesterday.

Results for 9/16/10 were:

Soybeans: My resistance was .03 from the actual high; my support was .01 ¼ from the actual low.

Corn:    My resistance was .02 ½ from the actual high; my support was .03 ½ from the actual low. 

Crude Oil: My resistance was .14 from the actual high; my support was .15 from the actual low.

S&P:    My resistance was 3.00 from the actual high; my support was 4.75 from the actual low. 

Gold:     My resistance was $3.00 from the actual high; my support was $2.90 from the actual low. 

Euro:    My resistance was .02 from the actual high; my support was .19 from the actual low. 

Bonds: My resistance was 9 from the actual high; my support was 8 from the actual low. 

Cattle:  My resistance was .17 from the actual high; my support was .12 from the actual low. 

December Cattle (elec.) for 9/15/10:

Cattle: Exact high and only .10 off the low. I want to continue to trade without bias.

December Cattle (elec.) for 9/14/10:

Cattle: Spot on numbers off .10 on support and .10 from the resistance numbers. Market failed miserably from the resistance number, but bulls managed to close higher for the day. Resistance now is well known now, and the uptrend line and gap below are support, we are in the middle. I want to trade without bias and risk .35 on a trade idea.

Results for 9/14/10 were:

Soybeans: My resistance was .01 1/2 from the actual high; my support was .02 1/4 from the actual low.

Corn:    My resistance was .03 3/4 from the actual high; my support was .01 1/4 from the actual low. 

Crude Oil: My resistance was .03 from the actual high; my support was .17 from the actual low.

S&P:    My resistance was 2.00 from the actual high; my support was 2.25 from the actual low. 

Gold:     My resistance was $5.90 from the actual high; my support was $3.80 from the actual low. 

Euro:    My resistance was .46 from the actual high; my support was .29 from the actual low. 

Bonds: My resistance was 14 from the actual high; my support was 12 from the actual low. 

Cattle:  My resistance was the EXACT actual high; my support was .10 from the actual low. 

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

The 8 markets now covered daily are Soybeans, Corn, Crude oil, S&P, Euro FX, 30 yr TBond, Gold, 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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