March Soybean Meal – Multi-Profiles
Breakdown of Today’s Update
Published 1/19/18 9:30 am central:
In my Bull/Bear Scanner updates, I am making a new effort to share some of the “sorting” preferences I use every day to locate potentially higher probability bullish/bearish trades setups to put trend and momentum in our favor.
I have used these tools for quite some time but recently started showcasing them. The “Prime 3” Bull/Bear (name I coined) for these setups are showing Bullish/Bearish weekly, daily,240 and neutral 60. The idea is to jump in the 60 min time frame if/when it breaks out of that shorter-term profile.
Yesterday I released this update and we had the YM and Soybean meal. You can trade these 2 ways. Level 1 Is trade the breakout on a stop, meaning you are waiting for that top or bottom box to breach before getting in. Level 2, try front-running that move by buying/selling the neutral or bottom zone or “profile divergence.” This has a bit more risk associated with it but can be more rewarding as you are front running the level. All trades have risk of course and you need to find what is best for you.
1/18/18 – Scanner Update: https://www.danielstrading.com/featured/2018/01/18/mda-snapshot-alert-bullbear-2
Here is the trade “In Case You Missed It” (ICYMI) on the Soybean Meal that triggered the buy stop entries and has continued to run.
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Below the updates, you will see the original charts showing buy/sell zones
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