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Cattle-panic chaos day? Lumber 3rd limit down?

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Cattle-panic chaos day? Lumber 3rd limit down?

Good Morning Farmers, Speculators, Producers. Is live cattle where hogs were when issued a special report last week?

Get on my short list today at if you are interested in price action pattern recognition. You can mute the fundamentals. I did in the 80s as a young trader and am fine with all of it. Trade price.

Watch Dec live today on 2nd day after report finally seems to be paying the bears. Pattern is deep, vertical down is what I service clients in finding or preventing becoming someones (Wall st.) Hood ornament, an Alan-ism from pit days a lifetime ago before this 'tax-subsidiary bestowed high frequency trading wreaked human behavior obsolete. One human mistake, flinch, and youre playing 'their game.'
Cattle- when mkts go vertical you need an olive. Call me for a minute, before this panic algo kicks in. Too late? Knife catchers looking for a turn? Look at last weeks hog pattern. Hint: diamonds are real selling.
Lumber- when I start to cover a market it usually means we are approaching, or there.
Step up from the teasers and get it from a source thats seen it all, because he traded it all,
as an individual independent local (own money like you) with pit market sense and a outlandish story (disclaimer) like into cattle highs when Im asking did China buy a huge chunk? Did you or your broker suggest a top on that WSJ article? Does he read at all or chirp? I do chirp quite a bit but thats the situation at the time. I say it. You take it or take a pass.

Most of the time its low risk but if you wanted to sell lumber, 1 lot to get blood flowing but also because of a reason, condition etc. This isnt blind bs, it's math of some sort. I just had to define risk a monster task for you but not this mostly un-opinionated broker trader. Feeders live today at low and yes it looks like hogs last week.

Many other markets, bonds, notes weaker, wheat, corn all live, spreads, patterns, Olives.Cattle11212017green
I do pound the table bullish like in a few grains last 6 months but that is my specialty coming from pits. Some spreads hit OLB's last few months in the products. Corn is a mess but managers aint waiting to get short. They fade seasonals so if you follow those I tell clients the skinny on why not to use. Fade em early- who is that player? If you need to buy 3,000 contracts do you wait for seaonals to turn?

Wheat selling again holds lows. Is this low for year (s)?
Corn ditto? $350.25 CH my 1st buy level. More behind that! Lumber feels like toast, enjoy this vertical ride. Did your guy see that 100% olive sell on the Trump Canada tariff followed up last week?

Bonds- Traded over OLS so 3 ticks stops stopped, 11 tick max is my rule but thats max risk. Flatteners all the rage last few weeks, 2-10 67-ish.

New year a coming and it isn't waiting for anybody.
Whatever market you trade, I give my word like honoring trades,
These patterns can be detected on my system.
Even a LC/FC ratio spread I posted weeks back.
Hang for the teaser or lets get down to brass tax. I love accounting frauds also.
Traders must be skeptical.
Too high you want to sell.
Too low you want to buy.
Beware of the middle but as you can see on my site those play but you need a stop, or better yet flip stop under like 119 LCZ chirped last week, 3 levels within 50c.


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About the author

Alan R. Palmer, Sr., is a successful independent trader and technical analyst specializing in agricultural, financial and stock index futures. He has worked primarily in the markets traded on the CME Group.

Alan started trading at the Chicago Board of Trade in 1986 in the 30-year U.S. Treasury bond pit as a local. In 1987, he bought his full membership the day of the historic crash and moved back to his passion, trading soybeans, and grains along with bonds and stocks. Moving from pit to pit as market indicators dictated, Alan used his charting calculations to spot pivotal points as markets crossed ‘key levels.’ This acumen is Alan’s specialty and now he delivers this knowledge and experience to his customer base. He offers a macro thought process to viewing markets and players as they act with predictive behavior acumen.

He began his career in the futures industry as a summer runner while thirteen on the floor of the CBOT in 1973 delivering orders and learning the rudimentary workings of the markets. He graduated from runner to phone clerk, delivery clerk during the Hunt silver squeeze, working for various brokerage firms. After earning a Bachelor’s degree from DePaul University while working full time, he began a career as a proprietary trader with Paul Tudor Jones, a world-renown money manager, where he perfected his technical analytical techniques.

Alan has appeared on CNBC, Bloomberg, CNN, and has been quoted in The Wall Street Journal, Chicago Tribune, Chicago Sun-Times, Bloomberg and Reuters newswires. He was the founder of, an independent research and charting web enterprise, based on time-tested, support and resistance calculations for predicting multi-market swings. Alan holds an undergraduate degree in Business Finance Administration from DePaul University in Chicago.

Contact Alan:
Phone: 312.957.8248 or 888.391.7894

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