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August Live Cattle - What Happened?

The negative effect I was expecting from the report was completely wrong. The market took the bearish news like it was the best damn thing in the world. I have a strong feeling that some of the bad news was mitigated by everyone's apparent glee w/ China letting the Yuan appreciate, and the bad news was already factored into Cattle pricing. Above 88.85 I would like to be long some cattle.

Stopped Out @ 1092.50

Took a swing and missed.

Update I originally had my stop at 1092.00 but I decided to get out to "save" some money however that was a horseshit call because it stopped on a dime at 1092.25 should have stuck with my original instincts.

Long 1093.75

Taking a stab at it going higher.

Scratch Trade @ 1111.25

Looks like its going to fall back into the IB.

Scracthing Trade.

Nothing is happening today. I am going to sit out for a while.

Long @ 1107

Playing double distribution long @ yesterday's value area low.

Double Distribution

Volume indicates a double distribution day with 1106.25 at the dead middle between the distributions.

Stopped Out @ 1107.75

C did layer above 1107.50 so I exited trade @ a small loss. Waiting for more development.

Short @ 1107

We are currently testing yesterday's value area low I am anticipating a fail.

Volume Range 1106.25 to 1103.00

Waiting for a breakout to either side, if no breakout occurs I will try and sell the high of the range and buy the low.