August 2, 2016 11:34 AM | 1 min read
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
September Soybeans are trading at 969, down 11 3/4 cents/bushel. November Soybeans are trading at 951, down 10 1/2 cents/bushel. December Soymeal is trading at 324.8, down 6.8 $/ton. September Soybean Oil is trading at 30.08, up 0.21 cents/lb. Soybean futures have moved down after showing a steady trade early in the session. Market chatter about soybean yield street estimates and weather is making the rounds. The latest street estimates for soybean yields in the U.S. are now near 48.7 bushels per acre. Brazil's soybean exports during July totaled 5.787 million tonnes versus 7.761 million tonnes in June and 8.440 million tonnes a year ago. Trading is expected to be very choppy.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine." A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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