|
|
|
|
We Nailed It!!!
Strong uptrend in March for the S&P500, we said that!
Another good forecast, and we said it on the 28th of February, in the Weekly
Report:
"I keep in my mind the fact that we have to follow the uptrend because this is the main trend in my opinion. I will not open any SHORT position. There is the possibility to see an anomalous March, with a strong up movement all the month, it would be due by a specific cycle that is working quite well at the moment, but the natural movement would be a pullback starting next week, with a buy opportunity again around the 8th of March or around the
15th. My strategy is to let always 1/3 to run, we don’t touch it. In case of pullback we will wait again for the 8th to plan to increase the position. If we see a movement above 1970 Futures Points, the anomalous strong March could work, so, I will increase the position above that level, always LONG above 1970 Futures Points and stop under it".
If we look at the chart we see the strong March we forecast, but you know, too easy to make just
forecasts, for this reason we planned also a precise strategy. Here is the Chart, and the S&P500 reached the High at 2072 Index Points on the 30th of March:
You can find many services, good or bad, providing analysis, but do you really think that a simple analysis can be useful? Here you see rules to follow to make profits, because in the end we only care about profits, and the forecast is not enough.
LIVE CATTLE
FORECAST & STRATEGY
In the last Newsletter we said we opened a SHORT position under 140.500 with the April Contract, and it is now at 133, not bad in 2 weeks! We opened a SHORT position because the Forecast was actually suggesting lower levels, even if Live Cattle pushed higher. We used my price map study to understand the right point where we could try to SHORT Live Cattle from higher levels, and we did well. We
closed the SHORT position at 134, and now we are moving to the June Contract, which is 10 points lower than the April Contract.
Looking at the annual forecast ( you can download it here) you see it is about to create a Low, suggesting the Low around the end of March or around the 12th of April. For this reason we closed the SHORT position and we are now ready to open LONG positions, always following the strategy with our price map. Live Cattle June 2016 Contract is now trading at 124, there is a possible important
area at 125, we use the Key Price 126.350 with our Intraday rules, we will be always LONG above it and FLAT under it. |
If interested in our studies, please visit the order page
You can read the previous Newsletters following this link: http://archive.aweber.com/awlist3900413
Best Regards, Daniele Prandelli I Am in Wall Street Ltd
High
Probaility Trading Techniques - S&P500, 30 Year Treasury Futures Bonds, Crude Oil, Gold, Corn, Soybeans, Wheat, Forex, Stocks, Silver, Live Cattle and S&P/ASX200.
DISCLAIMER It should not be assumed that the methods, techniques, strategies or indicators
presented by e-mail, e-book, blog or files will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented in here will be successful for you. Past results are not necessarily indicative of future performance. The examples presented here are for educational purposes only. The data used is believed to be from reliable sources but cannot be guaranteed. The methods presented are not solicitations of any order to buy or sell. The author,
publisher, and all affiliates assume no responsibility for your trading results, and will not be liable for any loss, damage or liability directly or indirectly caused by the usage of this material. There is considerable risk of loss in Futures, Stock and Options trading. You should only use risk capital in all such endeavours. |
|
|
|
|
|
|
|
|
|
