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Re: Cattle Price and time
In Response To: Re: Cattle Price and time ()

Follow the reversals...they will freak you out. Take the numbers and subtract or add the difference on the close of the contracts from the front month on your deferred contracts...The reversals keep you on the right side of the trade...weekly line to watch is the bearish reversal at 100.30 and the bullish reversal at 120.00, this is on the front month. If you are long term then use the weekly lines to trade by...the daily is the noise. Any close below a bearish reversal will signal further decline...any close above a bullish reversal will signal a further rally. I try to get on near the lines...i.e. for a long I try to get on near a red line...If I get on a bullish close then I have to place my stop below that bullish reversal...and that doesn't work out as well for me it seems like...stops ideally need to be placed on a close below a red line for a long position. So on a weekly level here on the hogs you would be protecting a close below the 100.30 minor bearish reversal or the 98.30 major bearish reversal. Major reversals are naturally stronger than a minor.

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Cattle Price and time *PIC*
Re: Cattle Price and time
Re: Cattle Price and time