Could the coffee futures be the best swing-trading product ever?
Coffee keeps perking
Started by
diogenes227
, Feb 16 2017 08:26 PM
5 replies to this topic
#1
diogenes227
-
- TT Patron+
- 5,120 posts
Member
Posted 16 February 2017 - 08:26 PM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
kssmibotm
-
- Traders-Talk User
- 653 posts
Member
Posted 16 February 2017 - 10:20 PM
Bought 2K shares of JO today at 20.85.
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
#3
dasein
-
- Traders-Talk User
- 7,696 posts
Member
Posted 16 February 2017 - 11:05 PM
Corn is gettin ready too - maybe one last leg down - maybe not!
best,
klh
klh
#4
Alton
-
- TT Member+
- 210 posts
Member
Posted 17 February 2017 - 01:49 AM
Some light reading to occupy a few hours of the remaining winter nights. Mostly fiction, but appropriately set in the seventeenth century.
The book is by David Liss (2004) and is available.
Now from a more recent century...
"Coffee... keeps on perkin'
Market... keeps on trendin'
Till it... turn to churnin;
'Cause it won't be too long.
Oh no"
Credit to SH Morris 1973
#5
pisces
-
- Traders-Talk User
- 1,179 posts
Member
Posted 17 February 2017 - 04:59 AM
Corn is gettin ready too - maybe one last leg down - maybe not!
to me it looks like CORN has made its low . i put the odds at 75% TWT. 3 other observations: Nat gas is finishing a falling wedge [BULLISH ] at 2.85-2.90.... IBKR is coiling in a triangle,signaling a 10 point move following a breakout . then there is BRAZIL,I have not heard anything in the news yet , but things seem to be turning UP. EWZ reverse H+S
LFL reverse H+S
PBR small tri pointing to 15.00
but then of course, some of this stuff has failed in the past TWT 
on the other hand , in this business you get paid for taking a risk.
#6
kssmibotm
-
- Traders-Talk User
- 653 posts
Member
Posted 25 February 2017 - 12:45 PM
Bought 2K shares of JO today at 20.85.
Sold out at 20.51 on Fri. I think coffee needs one more leg down before the next big rally.
People think the Holy Grail is something looked for but never found. In fact, it is something often found but rarely recognized.
