CC Cacao: Trade Commodity THIS EasterHi Traders, Investors and Speculators of the Charts 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Are you looking to make a trade out of Easter weekend? Look no further than Cocoa futures, or chocolate.
Cocoa is a soft commodity that is used to produce chocolate, and it is traded on several global commodity exchanges. One of the most significant exchanges for trading cocoa futures is the ICE Futures US (Intercontinental Exchange Futures U.S.). The exchange offers futures contracts for cocoa, which allows investors to speculate on the future price of cocoa beans. The cocoa futures contract on the ICE Futures US is traded under the symbol CC. Each CC contract represents 10 metric tons of cocoa beans, and the contract price is quoted in U.S. dollars per metric ton. The contract months for trading cocoa futures are March, May, July, September, and December.
The price of cocoa can be influenced by several factors, including supply and demand, weather conditions, and political instability in cocoa-producing regions. For example, adverse weather conditions, such as drought or flooding, can reduce cocoa yields and increase prices. Similarly, political unrest or conflicts in cocoa-producing countries can disrupt supply chains and lead to higher prices. Easter Weekend is a time known well for Easter bunny egg hunts and other chocolate delights, meaning that demand increases for cocoa in the months leading up to Easter. Considering that from a chart analysis the price of Cocoa has already increased over the past few months, it is the ideal time to consider a short right after Easter.
Easter has become a global celebration, and many cultures around the world have their unique ways of celebrating the holiday. For example, in Greece, the week leading up to Easter is called "Holy Week," and it is a time of fasting and religious observances. On Easter Sunday, families gather to celebrate with a feast of lamb and other traditional foods.
In the United States, Easter is celebrated with the Easter Bunny, who brings baskets of candy and treats to children. The Easter Bunny has its origins in German folklore, where it was a symbol of fertility and new beginnings. The tradition was brought to America by German immigrants in the 1700s.
In many Latin American countries, Easter is celebrated with parades and processions, where people carry statues of Jesus and the Virgin Mary through the streets. In Spain, there is a tradition called "Semana Santa," or "Holy Week," which involves elaborate processions and celebrations.
In India, the Christian community celebrates Easter by attending church services and exchanging gifts and greetings with friends and family. The holiday is also an opportunity for people of different faiths to come together and celebrate the arrival of spring.
In conclusion, Easter is a holiday that is celebrated around the world as a time of new beginnings, renewal, and the victory of life over death. Whether celebrated with bunnies and candy or religious observances and parades, Easter is a time for people of all cultures and faiths to come together and celebrate the beauty and wonder of spring.
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NFP on Good Friday | What to expect?"What to expect from NFP on Good Friday?
What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012.
Let's take a look at what happened to the price action on these past data releases when NFP came out.
EURUSD moved in 2021, 2015, and 2012.
USDJPY moved in 2021, 2015, and 2012.
This tells us that the move is comparatively smaller than on normal days' releases, and it has a lot to do with FED policy action. This time, the FED has given a hint of not increasing interest rates anymore.
The best decision here is to stand aside because the market is less volatile and may remain in a range for today.
Let us know what do you think of the idea
Bunny Providing All Pivot Points for BTCAs you can see on the chart, this image of a bunny, when placed properly, provides all the pivot points for btc since 29k. This is NOT a coincidence- but rather a little known strategy known as the "Pivot Bunny". When placed on any chart in the right place, this bunny matches perfectly and can predict future performance. At the end of my 2 hour webinar, I provide a link to download this image of this Pivot Bunny strategy and instructions on how to use it.
Beginner basicsHappy Holidays all - 🐣🐥
After writing a few educational posts recently, it has been interesting to see the comments & DM's. Years ago we set out training traders the basics; we called the trades "starbuck bets" the idea was for some people, extra money each week was what they were looking for from trading. For others it was extra money for a daily coffee on the way to the 9-5.
Skip forward several years and now the training has gone mostly online - this is great on one hand, but a nightmare on the other. Where do you go for education? why go with a certain company? How much should you pay? What do I get?
The issue now is although forex is a legitimate instrument there is a lot of people out there, making more from training than they are trading - how do you navigate this? How do you know who is going to teach you what you really need.
In terms of the basics - a great FREE tool is babypips. If you are new to trading, it's well worthwhile going to get to terms with the basics, at your own pace.
Pointers from the pros - some other great resources include sites such as investopedia. Although this is a bit more specific if you are researching an indicator or want to understand more about an instrument and so on.
Obviously, there are some great books available (see related ideas) I posted an idea a few weeks back with 20 books worth a read as a trader.
5 key pointers when starting out
1 - 🐑) Selecting a broker; even before you get here - go read babypips and follow these 5 points. But after that, selecting a broker should include searching for regulated companies, check with the local (per country) regulation authorities such as the FCA in the UK, the SEC in the states. Most countries have lists available for this. If there's no record of the company being regulated then you should treat it as a red flag. To manage money in most countries*** it's a requirement to have some kind of financial license.
2 - 📖) Go read, babypips first and from there take a deeper dive into understanding the market. Read financial articles, stock market books, website tutorials, etc. There's a wealth of information out there and much of it inexpensive to tap even free. It's important not to focus too narrowly on one single aspect of the trading game. Even reading through ideas on tradingview - just don't follow the ideas, you should be doing your own research.
3 - 🎲) Study the basics of technical analysis and look at price charts—thousands of them—in all time frames. And when you think you have done enough, go back and study some more. Get a feel for the character of the instruments you are keen to trade. Again another pro tip - don't go chasing too many pairs, you can make a lot of money on a single tool. So try to spend the time to learn 1-3. Think of this step like learning a language, you wouldn't try to learn Russian, Chinese and Australian (joking about Australian) all at the same time. Treat the charts the same!!!
4 - 🔤) Demo account - Start off with a demo account, try to find one that might offer the same kind of money as the amount you intend on investing. If you have a demo account of say $100,000 but you only intend on trading $1,000 - then I would suggest you open a trade at $10,000 a pip and lose 99% of your account! Then start with $1,000 demo size. Some brokers you can message and they will set this for you. Treat this like a real account, try to make it feel as real as possible - feel the pain, feel the stress and understand the power and value. If you treat a demo 10 times or 100 times more than you plan on trading just as a game - when you invest real money, the market will eat your investment for breakfast!
5 - 🎯) The most important of all of these points - RISK MANAGEMENT If you learn the basics, go through babypips, learn the charts and then use the demo account. The golden rule of trading is pure and simple "proper risk management" you can lose 80% of all of your trades and still be successful. If you learn to obtain a market edge and use statistics then you will have a long-term advantage.
The issue is people come to trade, thinking "traders make money", "trading is easy", "trading is a get rich quick thing" - the issue is over 75% of new traders lose money!
Although this is only covering the basics - I hope this helps. If you need to ask, should I buy or sell - go back to step one, If you don't know how to set a stop loss or even what a stop loss is - go back to step one.
Happy Holidays!
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
USDMXN: Happy Easter! Hey everyone first i want to wish everyone and their family a great easter weekend!
We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below.
We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price did change before.
Divergence is also in play around this area.
We are looking for long in this area only and aiming for the last highs at least.
I will keep you guys updated and have a great trading week!
Coincidence by design?After circling the current fractal in play as one from May - Jul 2018, I started to notice other coincidences
I marked the weekend Friday midnight to Sunday midnight with dashed vertical lines
Next I measured the height of the two pumps from the 2018 fractal
When the first pump is overlayed on the pump from 4k, it is almost the same price increase
If the next pump were to take place, the weekend would be an opportune time in which to do it
Overlaying a pump equivalent to the second 2018 pump would take us to the resistance line at 6420 which ties in with the volume peak on the volume profile you can see on the left
coincidence?
it almost looks like that is by design to encourage longs to buy the distribution
From previous studying of the volume profile and successfully using it to accurately enter and exit positions on wicks, one thing I discovered is that when the price overshoots the obvious resistance / support, it usually peaks at the next dip in the volume profile with the candle touching the price of the bar after the dip
In this instance, that bar sits at a price that has been visited many times - $6666.66
A sign from God?
Bitmex Arthur having some easter fun?
or just coincidence?
you decide...
ps. I am already short from 5300 but ready to close if necessary.
Bullish Bunny Pattern on EGG confirmedI've never witnessed a more bullish Bunny pattern as I'm seeing right now on EGG. Although this is not financial advice I would definitely urge you to throw all your Bitcoins at it, grab as many eggs as you can today!
Obviously I'm just kidding and I wish you all a happy Easter and April fool's day!
Love ~ CryptoJC
Bitcoin Floor hunting in April & 2018 roadmap [BTFD]At last!
we all knew in the BTFD group it had to happen, still lots of theories going around to where Bitcoin will rest its lowest low for Q2 in 2018
April will be, find the floor month, still not 100% convinced we have bottomed out yet, 30th march brought bitcoin down to a low of 6500, with initial dump hitting 6600 (our BTFD estimate given for target was 6650)
In the daily chart given we can see that both of the upwards Gann fans, one for the low of feb and another back last year, giving two parallel trend support lines which bitcoin has bounced off a few times in the hourly charts, we saw the bounce reach the fib level and came back down to retest again, can this hold that is the question we are looking at...
Indicators show clearly oversold but still needs to come back up
We did have a death cross pop on the 200 and 50 MA's and being near full moon emotions are high once again for big movements either way, volume is way up since retesting the low
personally looking for long setups now, safer trader might want to wait till we clear the redline of down trend resistance before going long on bitcoin
more aggressive traders may way to buy near the recent low and put stops right under the last low for a minimual risk-reward, this can also appy to the major alts too on USDT pairs
Use the fib levels for taking profit, re-entry or a guide to where the major bounces and rebounds will happen
good trades to all and have a good spring/autumn holiday, bless