I try to suggest from time to time thinking like a macro money manager since you can get some great measuring indicators. This goes back the past year with regularity and one such instance where Bonds were up a certain amount in percent figures that I add to market color. During Summer when bonds were up at a favorite ‘pay attention’ level the ten year US Notes that I had hypothesized, “If notes ever got up and gave a long term olive OLS above 133.00 futures that would be the trade . This materialized the same exact way as all of these olives when they go off. Nobody wanted to SELL NOTES OR BONDS AT ANY PRICE, exactly like when the crude oil gave an even larger OLB @ $28.97-ish.
Jan-Feb 2016 crude- As a long time CBOTer from the trading floor you get insight from other traders and this was no different. The traders I knew were long and wrong with heavy losses so when I told them this is the number where the secret buyer would absorb all the selling, they declined. One large trader took my OLB1 which was $36 so had losses of $7,000 PER ONE LOT CRUDE FUTUREs.
We have a few, more than a few as stocks have just unleashed the same type of trend after a olive is violated. What did you think, no rules? Please, when this signal is wrong most typically after a bounce in crude off $36 it rallied 10% then came back. Long lsers hold on at this point of no return but MACRO algo’s play this with a rule I share in NASDOG. When proved wrong the move is relentless! This is where I used to get tagged and this is what I set out to discover which I share the indicators here on the dog.
Soybeans- I also sent to my Pro’s as well as VIP’s here a chart at beginning of this month March 2017 with two levels into QTR-end1 17′ which were $1034 and 10.31 the first week in march, last under $9.94 a powder blue line and low several times until yesterday when beans gave up. Stop under my explicit levels because of the power of the Hedge funds that use this.
Just about everybody tells me crop is record and all that other non-sense if your a real trader especially if you trade daily or weekly. We are off 4% from that warning that IF YOU WANTED TO SELL we had 2 Nasdog levels within 3 cents, (powerful, make trade, put in stop, stay with winner, now $2,000 if you subscribed to possible low risk trade idea here.
Where are we now? Hang on because I have no levels and your probably long and wrong now or just getting bearish after a 45 cent fall, $9.85 last this early am. Freebe- $9.71 starts some levels, enough.
If your serious and shot, I can save you the slop. Slop to me is when your getting chopped up trading too much and not waiting for extremes which prove big winners when everyone is disgusted with my idea. Its perfect psychologically doinking hedge funds like the NOTEs when a $30.5bil fund flipped long notes on a stupid get long to catch the last few ASSURED profit on July 17th 2016 in my diary. Do you keep a diary?
Violations of levels- YOU MUST LEARN these Trader rules I have attached to them. Vertical rapid one-way street traffic happens when broken like $994 in beans, now 1$ or $450 lower per a small one lot.