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DeWayne Reeves
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DeWayne Reeves is the founder of CFRN and host of a popular radio program heard daily in over 20 countries. A former equities trader, he has focused primarily on the S&P 500 Emini Futures Market for the past 5 years. His insights and trading methodology are a blend of traditional technical... More
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CFRN - Christian Financial Radio Network
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Christian Financial Radio Network
  • Daily Soybean Trade Update 0 comments
    Dec 18, 2013 9:47 PM | about stocks: SOYB

    From the CFRN Trade Desk...

    #Soybeans - Last night's Soybean #Futures #Trade proved profitable 4 separate times on the long side. The trade alert read: Consider being long above 13.46 to 13.48. On the Soybean Hourly Chart below you will see each trade highlighted.

    This is a classic example of "important prices and important areas almost always being tested" . While 4 trading opportunities off of one entry is somewhat unusual, it is not unheard of.

    Additionally, the short side of the TRADE ALERT read: "Consider being short below 13.34 to 13.32" . Each of the 5 individual trades generated by the ALERT, were 2 penny moves. 2 cents in Soybeans, is equal in value to 2 points in the S&P 500 Emini Futures, or simply $100 per contract traded.

    Tonight, consider being long above 13.30 to 13.32 or short below 13.18 to 13.16, whichever presents first. As you can see on the chart below, often in volatile markets, we not only are given multiple entries at the same price, the trade can also trigger on both the long and short side.

    Volatility well managed, is a trader's best friend., Manage it well.

    If you have questions regarding this trade setup or our Live Trading Room call 949-42-EMINI or email Day Free Trial

    (click to enlarge)March Soybeans Hourly Chart

    Stocks: SOYB
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