Comments on: SOYB Soybean ETN Swing Trade Idea

By: TJS

TJS — Tue, 26 Nov 2019 20:48:42 +0000

SOYB is ever soooooooo close to getting stopped out, but in good territory to bounce. Lower stop? Or let it die?

By: wunnakoko

wunnakoko — Sat, 23 Nov 2019 15:07:56 +0000

@rsotc - /ZS now at 895ish. Is it a good time to enter the long trade and should wait a little longer?

By: Kostner

Kostner — Fri, 15 Nov 2019 21:03:26 +0000

S&P in the middle of a melt up and break up to all time highs and we are buying Soybeans.AHHH OK

By: StratCat

StratCat — Fri, 15 Nov 2019 20:59:47 +0000

In reply to rsotc. Thanx.

By: rsotc

rsotc — Fri, 15 Nov 2019 19:39:19 +0000

In reply to StratCat. Stops would depend on one's price target(s) & entry price but I'd say if targeting the 939 -942 resistance/target zone & assuming an entry around 918 where /ZS is trading as I type, I'd say a stop not too far below the 910 level which is also just below the recent reaction low. If you're looking at /ZS a longer-term swing or trend trade targeting the 960, 995 or 1010ish targets on this daily chart below, then a stop somewhat below the 894 support (890ish) seems ideal to me.

By: StratCat

StratCat — Fri, 15 Nov 2019 16:43:19 +0000

@rsotc Hi Randy, do you have a stop loss in mind for us futures traders? Thanx.

By: mic

mic — Fri, 15 Nov 2019 16:22:22 +0000

just looked this up myself. the margin isn’t too bad … about 1600. futures are so much better but they are expensive and a bit scary (to me).