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Success at financial spread trading using simple price and volume indicators.
Recent Posts Tagged With 'coffee'
Trading price not indicators is key
I have had a look at some trading books in my collection and realized my preferred approach is to trade off price, not indicators, using trendlines, pattern breakouts. A copy of Curtis Arnold’s PPS Trading System and a video from Bennett McDow...
Trading Commodities in 2009
Both potentially poised to move higher - The top chart, softs composite has broken down trendline, cotton and coffee are looking like they will move higher. Bonds reverse today. Low volume stocks rally today, the last trading day of 2008. ...
KC moves
See the large run up in price from 132 to 172 - this followed a period of sideways trading in the 130-140 area. The break of the 140 level (see top blue Bollinger band) was the cue to enter the market. I already had an average position from about 1...
Cotton again
As of today total profits since 11 December are now over £3,000 (including open P&L below). Cotton trading higher, holding open, now at around 78.50, opened Friday at 74.40 (£1pp) £410 open profit. Cotton ‘limit up’ today. Coffee ...
Coffee news and update
Coffee has been tearing away (NY Coffee KC - Arabica), after selling off on Friday to 149.00 it has risen today to 156.00. This could be reaching exhaustion on this part of the move an offers an excellent chance to walk away with some good profits....
Black Coffee…
Last week, on the breakout we had what I understand to be record volume when price exceeded the low 140s - a record for the volume of coffee contracts traded in one day! Here is the view of one veteran trader who has taken a position in coffee. R...
Commoditize your portfolio…
From now on, due to time pressures I will have to post only on Friday a review of the week, and Sunday for a general Big Picture, “Kitchen Cabinet” overview. Update on Coffee, well, letting profits run on this one, as it didn’t want...
Coffee update
Coffee trade still on, set tight stops but market just continued higher today - slight correction from yesterday, set stops at 2156 (1), 2148 (1), 2146 (1) and 2120 (2) so only the 2156 got hit before price took off again and setttled at 2181. So st...
