Can be tricky to trade sugar, but so is everything else.
We err, and err, and err again, but less.
- #24
- Nov 9, 2016 2:32am Nov 9, 2016 2:32am
- Joined May 2015 | Status: Observer | 1,981 Posts
Opening Bell on Trump Win!...I closed of course!
We err, and err, and err again, but less.
- #25
- Nov 9, 2016 8:58am Nov 9, 2016 8:58am
- Joined May 2015 | Status: Observer | 1,981 Posts
was not a Sugar Free Day! Trump made trading sweet!
We err, and err, and err again, but less.
- #27
- Nov 9, 2016 10:35am Nov 9, 2016 10:35am
- Joined May 2015 | Status: Observer | 1,981 Posts
was not a Sugar Free Day! Trump made trading sweet! {image}
We err, and err, and err again, but less.
- #28
- Nov 9, 2016 11:44am Nov 9, 2016 11:44am
- Joined May 2015 | Status: Observer | 1,981 Posts
{quote} USD will settle eventully {image}
We err, and err, and err again, but less.
- #32
- Nov 15, 2016 2:32am Nov 15, 2016 2:32am
- Joined May 2015 | Status: Observer | 1,981 Posts
We err, and err, and err again, but less.
Sugar can be traded by everyone, who has 15 US dollars and a healthy mind.
1. 15 dollars - you can buy/sell 0.01 of usual bourse lot with a large margin leeway for those 15$.
2. Sugar offers good opprtunities right now.
So do not seat and work with tongues - it is not trader's work. Trader makes deals, so let us deal with sugar.
To start dealing we should recognize what happened, is happening and will happen on the market. Go !
First chart - long term view.
There was complex correction before 2011, correction is over. Why complex and why over ? Next chart below.
Triangle, marked with X label, divides all correction into two parts, the last part is made of two impulse waves and it is counted as A-B-C or wave Y. Correction triangles always preceed the final wave, final wave is a three, A-B-C, so all correction, before and after wave X is W-X-Y or complex correction and it is already over.
Next move down since early 2011.
Triangles realm. Move is A-B-C correction, correction is over, but have you ever seen this ?
Wave A - initial triangle, first part of its wave C - initial triangle too, wave C - ending triangle with its final wave "e" as an ending triangle too ! What a pity, there is no correction triangle as wave B ! We are not satisfied !
So correction up, correction down. What does sugar do ? May be very long lasting triangle ? Now some move up since 2015.
At last ! It is five waves impulse on the run. We can use it, because its final wave 5 is still awaited. Final wave 5 of this move should go beyond the top of wave 3. Now wave 4 is unfolding.
So do not seat and talk in empty space. We can establish a good position to BUY sugar and use final wave 5 up. The lower we buy - the more we get. The main question:" Is wave already 4 over ?" Next chart.
This is our impulse up with a close look. We see complete wave 3 and some move down after wave 3. This move has already reached usual wave 4 target - level of wave 4 of wave 3 and has stopped right at the Fibonacci retracement level - in the middle of wave 3. Perhaps, wave 4 is already over and we see the beginning of wave 5 up. Wave 4 looks very simple in form and short in time for usual wave 4, maybe correction is not over yet, but price will not drop deeply, because all price targets have already been reached.
So we have two decisions:
1) Wave 4 is over - we should by at any drop, price is already going to wave 3 top and above.
2) Wave 4 is not over yet - we should by at any deep drop toward 0.18. Price will go beyond wave 3 top.
Are there good places to BUY now ? Perhaps not, price has already climbed high enough.
Let us look at the current move up, maybe it is first wave of wave 5 ?
Clearly visible impulse with awaited final wave 5. Maybe there will be deep wave 2 ? Let us wait and see.
So we wait for a good drop to BUY. Price target - top of wave 3 since 2015 and above, more detailed later.
Sugar quotes and charts from OANDA, continuous futures contract.
1. 15 dollars - you can buy/sell 0.01 of usual bourse lot with a large margin leeway for those 15$.
2. Sugar offers good opprtunities right now.
So do not seat and work with tongues - it is not trader's work. Trader makes deals, so let us deal with sugar.
To start dealing we should recognize what happened, is happening and will happen on the market. Go !
First chart - long term view.
There was complex correction before 2011, correction is over. Why complex and why over ? Next chart below.
Triangle, marked with X label, divides all correction into two parts, the last part is made of two impulse waves and it is counted as A-B-C or wave Y. Correction triangles always preceed the final wave, final wave is a three, A-B-C, so all correction, before and after wave X is W-X-Y or complex correction and it is already over.
Next move down since early 2011.
Triangles realm. Move is A-B-C correction, correction is over, but have you ever seen this ?
Wave A - initial triangle, first part of its wave C - initial triangle too, wave C - ending triangle with its final wave "e" as an ending triangle too ! What a pity, there is no correction triangle as wave B ! We are not satisfied !
So correction up, correction down. What does sugar do ? May be very long lasting triangle ? Now some move up since 2015.
At last ! It is five waves impulse on the run. We can use it, because its final wave 5 is still awaited. Final wave 5 of this move should go beyond the top of wave 3. Now wave 4 is unfolding.
So do not seat and talk in empty space. We can establish a good position to BUY sugar and use final wave 5 up. The lower we buy - the more we get. The main question:" Is wave already 4 over ?" Next chart.
This is our impulse up with a close look. We see complete wave 3 and some move down after wave 3. This move has already reached usual wave 4 target - level of wave 4 of wave 3 and has stopped right at the Fibonacci retracement level - in the middle of wave 3. Perhaps, wave 4 is already over and we see the beginning of wave 5 up. Wave 4 looks very simple in form and short in time for usual wave 4, maybe correction is not over yet, but price will not drop deeply, because all price targets have already been reached.
So we have two decisions:
1) Wave 4 is over - we should by at any drop, price is already going to wave 3 top and above.
2) Wave 4 is not over yet - we should by at any deep drop toward 0.18. Price will go beyond wave 3 top.
Are there good places to BUY now ? Perhaps not, price has already climbed high enough.
Let us look at the current move up, maybe it is first wave of wave 5 ?
Clearly visible impulse with awaited final wave 5. Maybe there will be deep wave 2 ? Let us wait and see.
So we wait for a good drop to BUY. Price target - top of wave 3 since 2015 and above, more detailed later.
Sugar quotes and charts from OANDA, continuous futures contract.
19 january 2017. Sugar anybody ?
Look ! What a nice view !
Impulse wave up, its wave 4 is an expanded flat surface a-b-c with waves
count 3-3-5. Wave is ending, drop is large, wave 5 will start soon. Wave 5 usually goes beyond the end of wave 3.
Does anybody have any will to BUY ? Buy now, use wave 5, SELL at any level above or equal to top of wave 3.
Look ! What a nice view !
Impulse wave up, its wave 4 is an expanded flat surface a-b-c with waves
count 3-3-5. Wave is ending, drop is large, wave 5 will start soon. Wave 5 usually goes beyond the end of wave 3.
Does anybody have any will to BUY ? Buy now, use wave 5, SELL at any level above or equal to top of wave 3.
- #35
- Jan 19, 2017 10:47pm Jan 19, 2017 10:47pm
- Joined May 2015 | Status: Observer | 1,981 Posts
We err, and err, and err again, but less.
- #36
- Jan 20, 2017 3:21am Jan 20, 2017 3:21am
- Joined May 2015 | Status: Observer | 1,981 Posts
In at market open
We err, and err, and err again, but less.
20 january 2017. More precise waves count to enter the market.
Wave "c" is still running, its wave 4 maybe not over yet, BUY below wave 3 bottom, wave 5 won't be long - wave 3 is already extended and all wave "c" price targets have already been achieved. SELL above wave 3 top -there will be wave 2 down.
Wave "c" is still running, its wave 4 maybe not over yet, BUY below wave 3 bottom, wave 5 won't be long - wave 3 is already extended and all wave "c" price targets have already been achieved. SELL above wave 3 top -there will be wave 2 down.
- #38
- Jan 20, 2017 5:44pm Jan 20, 2017 5:44pm
- Joined May 2015 | Status: Observer | 1,981 Posts
We err, and err, and err again, but less.
26 january 2017. We present our apologies for our mistake.
Wave 1 is already over. No move up until the end of wave 2.
How to mend it up - if someone has already bought sugar using our chart, he can sold it right now with a small profit and exit the market until the end of wave 2.
Now wave 2 down is running. Wave 2 is making its wave "c". You can reopen your BUY at the end of wave "c". Now we are looking at Fib 0.618 level as a wave 2 target.
Perhaps next sugar rise will be in concordance with US dollar fall against all major commodities - euro, frank, yen, gold, silver. Maybe this rise will be long awaited wave 5 toward the top of wave 3 and beyond it. If we already see wave 5, then its wave 1 looks too long, maybe correction is still running ? Anyway, first impulse requires continuation, price will go up after current wave 2 and will exceed current top.
Wave 1 is already over. No move up until the end of wave 2.
How to mend it up - if someone has already bought sugar using our chart, he can sold it right now with a small profit and exit the market until the end of wave 2.
Now wave 2 down is running. Wave 2 is making its wave "c". You can reopen your BUY at the end of wave "c". Now we are looking at Fib 0.618 level as a wave 2 target.
Perhaps next sugar rise will be in concordance with US dollar fall against all major commodities - euro, frank, yen, gold, silver. Maybe this rise will be long awaited wave 5 toward the top of wave 3 and beyond it. If we already see wave 5, then its wave 1 looks too long, maybe correction is still running ? Anyway, first impulse requires continuation, price will go up after current wave 2 and will exceed current top.