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meats
- Thread starter Rtrader2525
- Start date
Quote from traderTX:
I agree...my forecast is similar to yours...although I'm not calling for 75...my stuff showing 77-79 as the bottom...but in complete agreement on direction.
Sorry, I should have included a disclaimer that barred people from looking at the price axis for the current LC prices. The forecast doesn't share the same Y-axis as current LC price. I'm not calling for a specific price low. I only try to forecast overall trend with major/minor turning points, and leave specific future price levels to the psychics. I don't know at what price the bottom will be, but we should be lower in the next coming trading weeks. I hope that's not too vague.
Thanks for your input.
Quote from traderTX:
ah...even so...very well laid out analysis. I remember a posting you did many months ago on forecasting the days close....you've done some very nice work. Do you work exclusively with the fats?
Primarily. I started in equity options, and recently crossed into the futures market, mainly ags, at the urging of a friend of mine who trades cattle in size. I'm still pretty green to the ags, and have spent alot of time trying to find a decent edge or system. My "bag of tricks" has grown, to say the least. I struggled a little at first with the price action, as LC futures are on a very unique wavelength. Things have been coming together, and I'm primarily swing trading the fats.
What part of Texas you from?
Quote from circadian:
What part of Texas you from?
Up in the Panhandle...between Amarillo and Lubbock...right in the heart of corn, cotton and cattle country....couldn't get away from it even in the markets! haha you from Texas?
btw...does your friend trade in the pits? I know a few guys over in cattle and hogs.
Quote from traderTX:
Up in the Panhandle...between Amarillo and Lubbock...right in the heart of corn, cotton and cattle country....couldn't get away from it even in the markets! haha you from Texas?
btw...does your friend trade in the pits? I know a few guys over in cattle and hogs.
Shit man, I graduated high school from Canyon, TX. Living in Dallas now, in B-school at SMU. My friend does not trade in the pits, he's in the cattle biz (among other things), and hedges his inventory, and spec trades through Tejas Trading in Amarillo.
Quote from circadian:
Shit man, I graduated high school from Canyon, TX. Living in Dallas now, in B-school at SMU. My friend does not trade in the pits, he's in the cattle biz (among other things), and hedges his inventory, and spec trades through Tejas Trading in Amarillo.
Oh shit man! I'm right down the road from Canyon! about 40 miles south! You friends with Engler or somethin! haha...I know he throws some size! haha
btw...I went to college down @ TCU for a year...met some really knowledgeable guys as far as cattle trading goes. Producer's Trading Co. right there in Fort Worth. PM me if you want their info...I don't trade with them but I do enjoy conversing with them on a regular basis
Quote from traderTX:
Oh shit man! I'm right down the road from Canyon! about 40 miles south! You friends with Engler or somethin! haha...I know he throws some size! haha
btw...I went to college down @ TCU for a year...met some really knowledgeable guys as far as cattle trading goes. Producer's Trading Co. right there in Fort Worth. PM me if you want their info...I don't trade with them but I do enjoy conversing with them on a regular basis
Believe it or not, I used to party with Engler's grandson in high school. That was fun, always a big, nice house and the parents were never around. You must be from around Tulia or so, give or take a small town or two. I'll send you a p.m. in the morning. The next couple trading weeks are gonna be crazy, I imagine, I gotta stay rested up. Good to know there's another West Texan around here. -C.
Updated live cattle forecast. Today's upside break prompted the generation of an alternate forecast. They're pretty similar (older/newer forecasts), one's a downward meander (old one), and the new one is some sideways chop for the coming weeks. If you look closely at the two forecasts, you'll notice that the only difference between the two is that the new, flatter forecast has similar turning dates/points, it's just alot more horizontal than oblique with a downside tilt. All in all, looks like the priority is selling those rips.
Old forecast (don't mind the name of the attachment)--
Old forecast (don't mind the name of the attachment)--