yep that ascending triangle played out, if you listened to the
commodity newsletter mentioned the ascending triangle possibility
last night which are continuation moves and as Steve said price is
simply following the 9 EMA, now with the large candle today if it
takes back more than 50% of it in the next day or so then could a
pullback.
Otherwise coffee has been going up on fundamentals with the
drought, hell of a move since November however and up 45% in Feb,
crazy
Stops save us from what
JO
Posted by swh13 on 3rd of Mar 2014 at 02:29 pm
Stops save us from what we think and even worse what we believe. Seriously.
yep that ascending triangle played
Posted by matt on 3rd of Mar 2014 at 03:54 pm
yep that ascending triangle played out, if you listened to the commodity newsletter mentioned the ascending triangle possibility last night which are continuation moves and as Steve said price is simply following the 9 EMA, now with the large candle today if it takes back more than 50% of it in the next day or so then could a pullback.
Otherwise coffee has been going up on fundamentals with the drought, hell of a move since November however and up 45% in Feb, crazy
JO
Posted by coolhat on 3rd of Mar 2014 at 02:50 pm
Yes. I saw it was down with the market and wanted to put a stop but forgot about it. Before I realized it, it ripped higher.