Trading the Plan

[Overnight]

I don't want to bring discussion about God into the trading journals section. I was referring to the chickens being eaten as disgusting.

That is fair. I see August live cow went up 1.8 to 134.6 as of last Friday close. I predict a rise through this week. I'll call it at 137 for a weekly close on this Friday, due to demand heading into Labor day.

 

[studentofthemarkets]

That is fair. I see August live cow went up 1.8 to 134.6 as of last Friday close. I predict a rise through this week. I'll call it at 137 for a weekly close on this Friday, due to demand heading into Labor day.

LOL

OK. Thanks for your commentary. However, you didn't provide a chart or any supporting reasons for your analysis.

On second thought, please, don't post a chart!

 

[Overnight]

LOL

OK. Thanks for your commentary. However, you didn't provide a chart or any supporting reasons for your analysis.

On second thought, please, don't post a chart!

It's not that bad. This is a longer-time chart, but 137 is definitely in the cards before expiration!

 

[studentofthemarkets]

It's not that bad. This is a longer-time chart, but 137 is definitely in the cards before expiration!


View attachment 288276

Actually, the chart is fine! It's actually interesting to look at, not a look I've seen before.

So, are you following rules for making your analysis? I guess using the reasoning that more beef will be eaten over Labor Day is a fundamental analysis, not technical analysis. Fundamentals of the market show up on the charts so they are still involved in technical analysis.

 

[Overnight]

Actually, the chart is fine! It's actually interesting to look at, not a look I've seen before.

So, are you following rules for making your analysis?

No, analysis forms the basis for my rules. I'm in a transitional state at the moment. I am looking to get back into the dreaded "daytrading art", which I always hated. But the markets since the beginning of the year have not been kind to bull swingers. So I must adapt.

Oh, and I am not trading cows at the moment, but fuck I love those charts, so tempting for a swing. Been stuck in the 130-140 range for a nearly a year. I love beef! hehe

 

[studentofthemarkets]

But the markets since the beginning of the year have not been kind to bull swingers. So I must adapt.

Trading against the trend doesn't usually work for me either!

 

[Overnight]

Trading against the trend doesn't usually work for me either!

The trend is GOING to reverse. It will happen when JPow and his JCrew put on their fancy pants and pause the hikes. (See what I did there? JCrew, and pants?) Bah

 

[studentofthemarkets]

The trend is GOING to reverse. Ut will happen when JPow and his JCrew put on their fancy pants and pause the hikes. (See what I did there? JCrew, and pants?) Bah

Yeah. You might not be able to trade your bullish swings until next year if you are waiting for a pause in rate hikes!


https://www.cnbc.com/2022/07/01/fed...-analysts-say-after-rate-hikes-this-year.html

 

[Overnight]

Yeah. You might not be able to trade your bullish swings until next year if you are waiting for a pause in rate hikes!


https://www.cnbc.com/2022/07/01/fed...-analysts-say-after-rate-hikes-this-year.html

It will be a long slog through this hike cycle, thus why I have to get back to daytrading.

 

[easymon1]

I'm sorry, but I didn't understand your post. I didn't see anything about checklists in your thread.

after you click the link, second red line from the top. Click on it. Checklist City.