JP Morgan Daily Chart
- #62
- Sep 27, 2013 1:43pm Sep 27, 2013 1:43pm
- Joined Apr 2010 | Status: Today is my first trading day! | 9,452 Posts
Wish everybody a great weekend 
Next week i'll be completely off but who knows.... a good opportunity could come ....
Next week i'll be completely off but who knows.... a good opportunity could come ....
90% of traders use TA, indicators and prediction
Hi Seaman2 ....
It can vary of course but on this time frame less than 10 or so. It is a completely different mindset vs scalping/daytrading. The analogy I like to use is it is more comparable to a real estate type of investment. Longer term and you do not call the real estate office every 5 seconds to see if your property has changed in value
. It is treated for what it truly is which is an asset. Full contract value there is really not too much risk because it is FOOD we're talking about, not a speculative instrument. For example a Coffee futures contract is 37,500 lbs. Current market for December $1.14 values the contract at $42,806.25. A stock in a company can go to zero, but NOT food 
and you can always find a buyer.
It can vary of course but on this time frame less than 10 or so. It is a completely different mindset vs scalping/daytrading. The analogy I like to use is it is more comparable to a real estate type of investment. Longer term and you do not call the real estate office every 5 seconds to see if your property has changed in value
. It is treated for what it truly is which is an asset. Full contract value there is really not too much risk because it is FOOD we're talking about, not a speculative instrument. For example a Coffee futures contract is 37,500 lbs. Current market for December $1.14 values the contract at $42,806.25. A stock in a company can go to zero, but NOT food and you can always find a buyer.
- #74
- Oct 5, 2013 3:51pm Oct 5, 2013 3:51pm
- | Joined Feb 2013 | Status: Trader | 1,365 Posts
Hi Seaman2 .... It can vary of course but on this time frame less than 10 or so. It is a completely different mindset vs scalping/daytrading. The analogy I like to use is it is more comparable to a real estate type of investment. Longer term and you do not call the real estate office every 5 seconds to see if your property has changed in value
Coffee ... here is the current market structure...now in my view..IF (WHEN) Coffee returns to a bullish environment, a few thousand will not really make that much difference, I'm talking about a move back to the old highs. It can happen, especially from the ashes of the current sentiment and lack of interest. These are the markets I like the most, but I don't "trade" (invest) like most. So when coffee goes to even $2.00/lb again, that's $75,000 Only the biggest commercial traders look at a commodity in this way. Totally different mindset here & applies to ALL commodities, especially Ags. So you can become a coffee farmer without buying all the land, equipment, hiring workers, etc. not too shabby eh? 
ICO Composite Spot Price $109.52 Full Contract Value $ 41,070
December Futures 114.40 $ 42,900
March '14 117.55 $ 44,081.25
May '14 119.75 $ 44,906.25
July '14 122.05 $ 45,768.75
Sept '14 124.25 $ 46,593.75
Dec '14 127.25 $ 47,718.75
March '15 129.95 $ 48,731.25
May '15 131.50 $ 49,312.50
July '15 133.00 $ 49,875.00
Sept '15 134.40 $ 50,400.00
Dec '15 136.75 $ 51,281.25
Mar '16 138.75 $ 52,031.25
May '16 139.50 $ 52,312.50
July '16 140.25 $ 52,593.75
Sept '16 139.95 $ 52,481.25
Only the biggest commercial traders look at a commodity in this way. Totally different mindset here & applies to ALL commodities, especially Ags. So you can become a coffee farmer without buying all the land, equipment, hiring workers, etc. not too shabby eh? ICO Composite Spot Price $109.52 Full Contract Value $ 41,070
December Futures 114.40 $ 42,900
March '14 117.55 $ 44,081.25
May '14 119.75 $ 44,906.25
July '14 122.05 $ 45,768.75
Sept '14 124.25 $ 46,593.75
Dec '14 127.25 $ 47,718.75
March '15 129.95 $ 48,731.25
May '15 131.50 $ 49,312.50
July '15 133.00 $ 49,875.00
Sept '15 134.40 $ 50,400.00
Dec '15 136.75 $ 51,281.25
Mar '16 138.75 $ 52,031.25
May '16 139.50 $ 52,312.50
July '16 140.25 $ 52,593.75
Sept '16 139.95 $ 52,481.25
- #80
- Oct 11, 2013 3:42am Oct 11, 2013 3:42am
- | Joined Feb 2013 | Status: Trader | 1,365 Posts
just about there
as TA people like to say failed double bottom in making.
from my statistics we looking to low 90.
as TA people like to say failed double bottom in making.
from my statistics we looking to low 90.