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Coffee finds its swing rhythm


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#1 diogenes227

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Posted 13 September 2017 - 01:22 PM

Last time I posted on coffee, it was in a "splendid tumble" for more than 100% gain on its futures margin, short.  Now it's just had a "splendid rally", once again up 100-plus percent on its futures margin, long.

 

Over the past couple of years, as I've noted on this site several times,either using the future or the ETF symbol JO, it consistently makes money for both bulls and bears using the right signals.  The right signals?  Study up.  As usual it takes persistence, discipline and experience to make these trades work.  But they are there for the taking. 

 

Let's call coffee the swing traders beverage of choice.  yes.gif

 

For further discussion and a chart:

 

COFFEE FINDS ITS SWING RHYTHM FOR 300% SINCE JUNE

 

Good luck and good trading.


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#2 dougie

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Posted 13 September 2017 - 05:45 PM

Nice trading

#3 diogenes227

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Posted 28 September 2017 - 02:46 PM

From the link:

 

 

The current coffee swing, which is short, is up $2,568 per contract at today’s close. The margin requirement is $2,970 per contract.

 

Would like to see at least some additional weakness on tomorrow’s open to lock in another 100% gain the margin. If it doesn’t happen there is a good chance coffee will reverse to a long swing at tomorrow’s close. This is likely, at this point, on both counts so tomorrow’s a key day for coffee trades.

 

COFFEE FUTURE TRYING TO ROAST ANOTHER 100%


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#4 diogenes227

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Posted 02 October 2017 - 09:02 AM

From the link:

 

 

The current coffee swing, which is short, is up $2,568 per contract at today’s close. The margin requirement is $2,970 per contract.

 

Would like to see at least some additional weakness on tomorrow’s open to lock in another 100% gain the margin. If it doesn’t happen there is a good chance coffee will reverse to a long swing at tomorrow’s close. This is likely, at this point, on both counts so tomorrow’s a key day for coffee trades.

 

COFFEE FUTURE TRYING TO ROAST ANOTHER 100%

 

Locked in the 100% on the coffee futures short.

 


"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.

#5 dougie

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Posted 02 October 2017 - 11:33 AM

Next up could be a doozy

#6 dougie

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Posted 04 October 2017 - 09:07 PM

you go long today yet? Was that old daily gap filled today?



#7 diogenes227

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Posted 05 October 2017 - 01:36 AM

you go long today yet? Was that old daily gap filled today?

 

The signal is still short so not yet.  Maybe tomorrow. 


Edited by diogenes227, 05 October 2017 - 01:36 AM.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

I spent half my money on gambling, alcohol and wild women. The other half I wasted, W.C. Fields.