Following a short update on the current soybeans market situation. This post presents a couple of Velocity Price Projections and a 2-day swing chart.
Showing posts with label stop loss order. Show all posts
Showing posts with label stop loss order. Show all posts
Monday, May 4, 2015
Thursday, November 6, 2014
Update 3: Soybeans 2014 Fall Seasonal Low
Soybeans rallied since early October 2014. On October 30th, January contract made a 2-day swing top and reacted. Our stop was touched on November 04th at 1008 1/4¢. As mentioned in past posts, there are several cycles turning in November 2014.
This writing updates the stop loss calculation and when it was touched. Also gives a few windows of tolerance for Gann's 45yrs, 20yrs and 14yrs cycle harmonics turning in November 2014.
This writing updates the stop loss calculation and when it was touched. Also gives a few windows of tolerance for Gann's 45yrs, 20yrs and 14yrs cycle harmonics turning in November 2014.
Thursday, October 23, 2014
Update 2: Soybeans 2014 Fall Seasonal Low [updated]
On October 06th, 2014 we wrote a post indicating the possibility that the soybean market could rally after aligning with Gann's 30 years cycle harmonic. On October 1st November beans bottomed at 904¢ and has rallied almost a whole dollar reaching today a high at 994 1/4¢.
Friday, March 7, 2014
Update: March 2014 Vectorial Analysis for May Soybeans
A follow up on the soybean market analyses is presented. The month of January was mentioned as important in the 2014 soybean market roadmap. The market bottomed in the early part of the month, again on January 24th and finally on January 30th.
The 9 years cycle presented in a previous update had a window of tolerance between January and February 2014. Based on the triangular wave pattern this cycle was due to come up as a market top, but considering recent market behavior it was expected to invert and show up as a market bottom. Considering its most recent turning points, we were expecting it to turn up in February, however it finally aligned with the January 30th 2014 bottom.
The market has rallied with strength for over a month now. It is important to be prepared in case a correction takes place, tightening stop loss orders and locking in some profits.
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