Get started

Coffee_trading

'BUY' AND STOCK UP ON COFFEE, WATCH IT GROW FOR YEARS TO COME!Thought i would not find a market more promising for the future than platinum but i've been proven otherwise. Coffee is lower than it has ever been in it's life cycle and can only imagine this is the end of downtrend and may form a wick around 1.0100 where expected to bottom out and start headed upwards. Do not miss out on a great buying up opportunity and watch your investment grow in years to come. I bought in with a relatively small buy and watching market closely waiting for trend reversal confirmation before adding a larger buy. I suggest working on the monthly view (1M) timeframe, using the MACD, Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview). Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
NYMEX:KT1!Long
by Dani0
1
Coffee C Futures possible medium term viewThis is what I expect to unfold over the coming weeks and months: While Coffee is relatively muted of late, when it breaks out it normally breaks out strongly. An ending 5th wave diagonal seems to be the rule rather than the exception the the end of any downward move. As always, it is difficult to count the ABCDE waves in a pattern like this - and there is no guarantee of an upwards breakout) but a breakout with good volume would seem worth buying (there are a couple of bear and bull traps evident already), - There seems to be rather strong support acting on the floor of coffee for the past few years (vertical arrows) at around $100 - wave (C) could not extend 1:1 of wave (A) because that would mean negative prices. - When prices drop this low, a strong bounce normally occurs, - I would wait to trade this after it forms wave 1 and 2 up (at least a triangle trend-line break, retrace <100% of wave 1, and a break of the wave 1 extreme with conviction - then hang on for the ride. Due to the large volatility in its swift price increases, I would keep my stop-loss just below the start of the move until I can clearly identify the larger degree wave 2 and then wave 4. This is only published for my own education and interest. I do not presently participate in a platform that will allow me to trade coffee but I will want to change this as its potential volatility is very attractive. This is 100% technical analysis and 0% fundamental analysis. I am interested as to whether TA can stand on its own two feet. I have noticed that I haven't being paying less for a cuppa as the commodity prices decline, so I also won't accept price increases when the underlying commodity price does jump.
KLong
by flyinkiwi10
2