Coffee beans ... the new Biotechs .... LOL Up almost 4%
today alone ... my avg 18.20 on this ... I'll peel probably
1/3 off by EOD ... but I intend on trading around a core
position ... I really like the weekly on this, nice base ...
keep an eye on the 60 min, even though it was overbought, as we
noted it didn't have any negative divergence on the 60 min chart,
thus it could just run higher, which is has continued to do so.
Now though there is some on this last push
yes longer term I like it, decide how you want play it. if
it closes with a sold candle today one could probably set a stop at
50% of that candle, or better yet it forms a doji on the daily and
the 60 min has div, that would be a good sign finally that a
pullback may occur. Then I'd be a buyer on the next good
pullback because of the week. Or if you have enough profits
and just want to give a core position a lot of room to hold it,
that's fine too, but you have to decide on your stop and exit
strategy still. Different for everyone
yeah DBA is indeed a slow mover compared to JO, which is fine
with me, as I usually size up on those slow mover ones to
compensate when the pattern is good ...
JO (Coffee)
Posted by mla127 on 26th of May 2016 at 12:08 pm
Looks like it might be bottoming here ....
JO (Coffee) update
Posted by mla127 on 3rd of Jun 2016 at 09:58 am
Can you pass the cream please ... Lots of soft commodities are doing well ... I'm in DBA too ...
JO (Coffee)
Posted by mla127 on 3rd of Jun 2016 at 02:16 pm
Coffee beans ... the new Biotechs .... LOL Up almost 4% today alone ... my avg 18.20 on this ... I'll peel probably 1/3 off by EOD ... but I intend on trading around a core position ... I really like the weekly on this, nice base ...
JO (Coffee)
Posted by mla127 on 8th of Jun 2016 at 09:38 am
I like my coffee STRONG .... pruning some here, let's not get too carried away ....
keep an eye on the
Posted by matt on 8th of Jun 2016 at 09:42 am
keep an eye on the 60 min, even though it was overbought, as we noted it didn't have any negative divergence on the 60 min chart, thus it could just run higher, which is has continued to do so. Now though there is some on this last push
yes longer term I like it, decide how you want play it. if it closes with a sold candle today one could probably set a stop at 50% of that candle, or better yet it forms a doji on the daily and the 60 min has div, that would be a good sign finally that a pullback may occur. Then I'd be a buyer on the next good pullback because of the week. Or if you have enough profits and just want to give a core position a lot of room to hold it, that's fine too, but you have to decide on your stop and exit strategy still. Different for everyone
Yes, a perfect inverse H&S
Posted by jksnyders on 3rd of Jun 2016 at 03:17 pm
Yes, a perfect inverse H&S from April.
yes JO, coffee ETF can
Posted by matt on 3rd of Jun 2016 at 03:13 pm
yes JO, coffee ETF can really move, whereas DBA tends to be slow, JO can have 100% swings in a year
JO (Coffee)
Posted by mla127 on 3rd of Jun 2016 at 03:25 pm
yeah DBA is indeed a slow mover compared to JO, which is fine with me, as I usually size up on those slow mover ones to compensate when the pattern is good ...
Just went long!!
Posted by carfreak on 26th of May 2016 at 12:11 pm
Can anyone tell me if this broke symmetry on the daily chart during its last big move up
carfreak, what do you mean
Posted by matt on 26th of May 2016 at 02:05 pm
carfreak, what do you mean broke symmetry on what? JO? certainly not on the daily, not on the 60 min.