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Coffee trade up 50% on three-day bounce...


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#1 diogenes227

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Posted 09 October 2017 - 05:56 PM

From the link:

 

 

Coffee futures retraced 38% of the recent decline for those who like to pay attention to Fibonacci levels (see chart below). What I don’t like is a doji and there one is in today’s price action. In addition, the trade ran up into a certain moving average right at that Fibonacci line. Add all that up and taking some off seems prudent at this point.

 

For more discussion and the chart mentioned above:

 

COFFEE FUTURES TRADE

 

 


"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 diogenes227

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Posted 10 October 2017 - 01:41 PM

From the link:

 

 

Coffee futures retraced 38% of the recent decline for those who like to pay attention to Fibonacci levels (see chart below). What I don’t like is a doji and there one is in today’s price action. In addition, the trade ran up into a certain moving average right at that Fibonacci line. Add all that up and taking some off seems prudent at this point.

 

For more discussion and the chart mentioned above:

 

COFFEE FUTURES TRADE

 

 

 

Gasp! Double dojis, twice the indecision?

 

Could get a reversal from current long to a short tomorrow.

 


"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.

#3 diogenes227

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Posted 11 October 2017 - 01:09 PM

 

From the link:

 

 

Coffee futures retraced 38% of the recent decline for those who like to pay attention to Fibonacci levels (see chart below). What I don’t like is a doji and there one is in today’s price action. In addition, the trade ran up into a certain moving average right at that Fibonacci line. Add all that up and taking some off seems prudent at this point.

 

For more discussion and the chart mentioned above:

 

COFFEE FUTURES TRADE

 

 

 

Gasp! Double dojis, twice the indecision?

 

Could get a reversal from current long to a short tomorrow.

 

 

 

Now short.

 


Edited by diogenes227, 11 October 2017 - 01:09 PM.

"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 dougie

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Posted 11 October 2017 - 03:18 PM

shoots man you are nailin it!!!



#5 diogenes227

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Posted 18 October 2017 - 01:25 PM

Coffee Futures reversed from short to long today.


"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.

#6 dougie

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Posted 18 October 2017 - 03:25 PM

who needs god or miners when you can have java



#7 dougie

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Posted 18 October 2017 - 03:44 PM

sure looks like a nice 3 wave correction is done and we might enter wave 3 up here



#8 dougie

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Posted 18 October 2017 - 04:01 PM

sugar looks sweet to in here