We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of October Live Cattle. (CME_LE.V13.E).
This week let's take a look at October Live Cattle futures.
When trading futures with the MarketClub system, we use the weekly MarketClub Trade Triangle to tell trend and the daily MarketClub Trade Triangle to time the trades.
Right now all three MarketClub Trade Triangles, monthly, weekly, and daily are pointing up which gives us the advantage of also having the monthly Trade Triangle pointing up, which is added confirmation that odds are with higher prices for Live Cattle right now. Continue reading "Chart to Watch - Live Cattle"