Live Cattle - Top ?

Discussion in 'Commodity Futures' started by syswizard, Jul 2, 2014.

  1. Handle123

    Handle123

    I use to do that 22 years ago, and kick myself sometimes for years of missing the huge moves, take out half position and leave the rest on at breakeven if you got in high enough. I have often taken off half at decent first targets and then watch the rest erode away, but impossible to get the trades that last years, toughest part if not checking on it much, once or twice a week.
     
    #191     Dec 17, 2014
    FCXoptions likes this.
  2. Well, I got in near the top of the move and the price hit my target. I believe that price will be supported at this level, so I'm gonna sit out for now. Besides, I'm a short-term swing trader.
     
    #192     Dec 18, 2014
  3. Wow, the April-June spread has been moving....now down to 7 cents !!
    This definitely indicates a major change in sentiment.
     
    #193     Dec 19, 2014
  4. Handle123

    Handle123

    Very good exit.
     
    #194     Dec 26, 2014
    Money Trust likes this.
  5. bone

    bone

    Great trade, and you had energy vis-a-vis ethanol correlated feed stocks ( corn ) giving you mucho juice. Very well done.
     
    #195     Dec 30, 2014
  6. Something we are looking at in our office on the feeder cattle. Jan. Feeder cattle are at $221.52, while the feeder cattle index is at $235 today, about a $13.48 gap. Expiration on the Jan contract is 1/29, and the contract settles back to the cash traded index. That gap is enormous, and cash trade seems to be well supported right now. It would seem that the futures price and the cash index need to converge. It almost seems too obvious though, and maybe we are missing something.
     
    #196     Jan 9, 2015
  7. Handle123

    Handle123

    Am still sitting with my original shorts, was hoping Live cattle would have gone just a little higher so I could have added, maybe later. Feeders didn't go high enough either for me.
     
    #197     Jan 10, 2015
  8. Handle123

    Handle123

    Didn't go high enough during the rally and dropped further down, am anticipating rally, so have done Put Credit Spreads on Friday's close. But remaining short in all the meats. Feeders made quad bottom going back to July last year on dailies.
     
    #198     Jan 19, 2015
  9. What's this ? April Cattle going out near all-time highs ?
    How does June look as a short play ?
     
    #199     Apr 27, 2015
  10. Handle123

    Handle123

    Just doing mainly Rollovers in Live Cattle and Feeders short and long in Hogs. Add on deep retracements and hedge, and when going too over extended with trend, when bars are too large and volume shortens will do Credit Spreads or short term spreads. Just a matter of patience, sitting on hands.
     
    #200     Jul 24, 2015