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  • #641
  • Oct 8, 2013 4:31pm Oct 8, 2013 4:31pm
Quoting j4d
{quote} Good question... {quote} Good answer..
Agreed......unfortunately my coffee did not get any cheaper over the counter

Cocoa is one I am stalking at the moment. Obviously no new COT data atm but it is well setup for a reversal/decline/pullback?
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  • #642
  • Oct 8, 2013 4:56pm Oct 8, 2013 4:56pm
Quoting mypipbull
{quote} Agreed......unfortunately my coffee did not get any cheaper over the counter Cocoa is one I am stalking at the moment. Obviously no new COT data atm but it is well setup for a reversal/decline/pullback? {image} {image}
Ive noticed lots of new products in this arena this year but they seem to be rising in price where i am...


Reckon Cocoa could be a good shout, with the last monthly close being so bullish it may go to 2.841 for heavy orders ?


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Memories caught in time but never forgotten
  • #643
  • Oct 8, 2013 5:04pm Oct 8, 2013 5:04pm
Quoting mypipbull
{quote} Yeah I'm with you on this.....I took a a little short on the S&P500 off the 4H the other day.....so far so good. Would love to build a larger stake. {image}
Looking even better now......
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  • #644
  • Oct 8, 2013 5:17pm Oct 8, 2013 5:17pm
Quoting j4d
{quote} Ive noticed lots of new products in this arena this year but they seem to be rising in price where i am... Reckon Cocoa could be a good shout, with the last monthly close being so bullish it may go to 2.841 for heavy orders ? {image} {image}
Hi J4d

I agree to looking for shorts around 2850

Olu
If you think you can or cannot do it you are correct
  • #645
  • Oct 8, 2013 5:24pm Oct 8, 2013 5:24pm
Quoting j4d
{quote} Ive noticed lots of new products in this arena this year but they seem to be rising in price where i am... Reckon Cocoa could be a good shout, with the last monthly close being so bullish it may go to 2.841 for heavy orders ? {image} {image}
Bummer.....I will forgo anything for coffee
I am really leaning on the COT repositioning here.....it could go a little further like you said....hopefully we do hit that heavy supply area......the charts will let us know pretty quick.
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  • #646
  • Oct 8, 2013 9:28pm Oct 8, 2013 9:28pm
CAD Strength?

Two charts that look nice for a short swing. Will wait for the bar to close and make a decision.
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  • #647
  • Oct 9, 2013 1:41am Oct 9, 2013 1:41am
Quoting mypipbull
{quote} Bummer.....I will forgo anything for coffee I am really leaning on the COT repositioning here.....it could go a little further like you said....hopefully we do hit that heavy supply area......the charts will let us know pretty quick. {image}
a very valid point Mike ..... will be interesting whether price now uses the 60 ma as support..
nice trade in S&P.. keep an ear out for the U.S. politicians striking a deal, if all is done soon with satisfaction s&p may pop ?
we still have no taper yet either..imho

Hey Olu, journal is looking cool..
Memories caught in time but never forgotten
  • #648
  • Oct 9, 2013 6:59pm Oct 9, 2013 6:59pm
Quoting j4d
{quote} a very valid point Mike ..... will be interesting whether price now uses the 60 ma as support.. nice trade in S&P.. keep an ear out for the U.S. politicians striking a deal, if all is done soon with satisfaction s&p may pop ? we still have no taper yet either..imho Hey Olu, journal is looking cool..
Jay, I completely agree, will be keeping a tight stop.
I like the look of the Dow......we are in a nice demand area right now....there is also another area a little further down. Currently there is no PA to suggest buying however, it is tempting to put a buy stop above the high of yesterday......something to think about anyway......

Also Bonds are just chopping away with all the uncertainty at the moment too, there will definitely be a trade out of this range also.
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  • #649
  • Oct 10, 2013 12:06am Oct 10, 2013 12:06am
Quoting mypipbull
{quote} .....Cocoa is one I am stalking at the moment. Obviously no new COT data atm but it is well setup for a reversal/decline/pullback?
A tempting HIGHLY speculative reversal bar right on my 2750 level.
I will do the right thing and wait for a second attempt to reverse (if it reverses)
We could just see it march on through....
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  • #650
  • Oct 10, 2013 12:24am Oct 10, 2013 12:24am
Quoting mypipbull
AUD/NZD - Long Orders Weekly chart testing recent low and there is pretty clear divergence here. The Daily chart has put in a pretty bullish bar (oversold also) This could be a double bottom forming, if so a measured move would be to 1.21 ish. There is plenty of work to do here but this looks like a good spot to get long. Buying a break of the high with a stop below the August low to allow for some breathing room.
Held on through a bit of a pullback but trade seems to be under way now.....
It has quite a few challenges in front of it but I now have no risk so all is well.....
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  • #651
  • Oct 11, 2013 4:58am Oct 11, 2013 4:58am
Quoting mypipbull
CAD Strength? Two charts that look nice for a short swing. Will wait for the bar to close and make a decision. {image} {image}
Another pair showing cad strength?

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  • #652
  • Oct 11, 2013 7:23am Oct 11, 2013 7:23am
Quoting stewrigh
{quote} Another pair showing cad strength? {image}
Redrew that trendline doesn't look quite so bearish now, but worth watching

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  • #653
  • Oct 11, 2013 7:36am Oct 11, 2013 7:36am
This is one I'm definitely watching

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  • #654
  • Oct 11, 2013 12:18pm Oct 11, 2013 12:18pm
Quoting stewrigh
This is one I'm definitely watching {image}
Hey Stew, I find GC interesting too..though Im looking at the area 1.6350- 1.64 for support ?

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Memories caught in time but never forgotten
  • #655
  • Oct 11, 2013 1:18pm Oct 11, 2013 1:18pm
Quoting j4d
{quote} Hey Stew, I find GC interesting too..though Im looking at the area 1.6350- 1.64 for support ? {image} {image} {image}
Yep me too - of course the big one is 62

What could happen........

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  • #656
  • Oct 11, 2013 3:41pm Oct 11, 2013 3:41pm
Quoting stewrigh
{quote} Yep me too - of course the big one is 62 What could happen........ {image}
That's a good call Stew.. that level looks strong..
Memories caught in time but never forgotten
  • #657
  • Oct 11, 2013 9:38pm Oct 11, 2013 9:38pm
Quoting mypipbull
CAD Strength? Two charts that look nice for a short swing. Will wait for the bar to close and make a decision. {image} {image}
Took both of these trades:
EURCAD
Took a loss here, it wanted to test a little higher. Then sold off at the bigger area.
GBPCAD
Got a win here. Moved away from the supply area nicely, had a bit of a rally but failed again.

Will be looking to short both of these possibly next week.
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  • #658
  • Oct 11, 2013 9:53pm Oct 11, 2013 9:53pm
Quoting mypipbull
{quote} Jay, I completely agree, will be keeping a tight stop. I like the look of the Dow......we are in a nice demand area right now....there is also another area a little further down. Currently there is no PA to suggest buying however, it is tempting to put a buy stop above the high of yesterday......something to think about anyway...... Also Bonds are just chopping away with all the uncertainty at the moment too, there will definitely be a trade out of this range also. {image} {image}
Coulda, shoulda, woulda, didn't........
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  • #659
  • Oct 13, 2013 5:58pm Oct 13, 2013 5:58pm
Quoting mypipbull
{quote} Coulda, shoulda, woulda, didn't........ {image}

Isn't it amazing how many times we fancy a trade.. only not to take it because its not in our model.. it then comes off.
S&P popped then.. looking at the chart now it had false breakout all over it... really pull in the sellers ? I almost have the S&P on a monitor full time now
as it seems to lead..
Memories caught in time but never forgotten
  • #660
  • Oct 13, 2013 8:03pm Oct 13, 2013 8:03pm
Quoting j4d
{quote} Isn't it amazing how many times we fancy a trade.. only not to take it because its not in our model.. it then comes off. S&P popped then.. looking at the chart now it had false breakout all over it... really pull in the sellers ? I almost have the S&P on a monitor full time now as it seems to lead..
Hey Ja,
It's crazy you know.....these outright "V" reversals happen just often enough to make you consider trading them more often than you should. Anyway its locked in the journal as a lesson. Like you said there were a number of other supporting factors.....maybe next time.
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