KC1!5.7.23 This is a review of the coffee market which is approaching A potential reversal area because it's coming close to a bearish gap lower. Really what you have to do Is watch the market when it's trading later today on Sunday or Monday when the volume of trade will be significant. I spent A good bit of time on this video to show you where there might be the potential of important Reversals if the market manages to trade higher to the 618 Retracement...This is interesting but not relevant to a trade ...if the market reaches this level.
ICF1! trade ideas
Bobby's homework assignment part 15.5.23 We looked at gold that had a breakout higher Earlier in the week but then it corrected, And we were able to speculate that we could draw a range box on the highest bar once the market corrected and went back to where it had gapped higher. If you look at the video you'll see what I mean. The significance is that I estimated what the range Box should be by the end of that bar. Wrench boxes are great, But to get the most utility out of them you need to know what they look like before they're obviously arranged box. There is always Going to be A component of Doubt on any decision that you make... including the decision that the Market's going to range when it looks like it's trending.... but knowing how markets move and correct you make decisions based on the probability,And whatever your decision is to enter the market you package that decision with a small stop in case you're wrong. It is not an easy way to trade until you test it... paper trade it. Don't ever take trading advice from somebody you don't know and haven't followed.... this means that you're making trading decisions from somebody you don't know.... Traders do this all the time and they lose money. And then they're angry when they lose money that they were given Losing information when in fact they took a trade Trying not to take responsibility to find opportunity and manage the risk.... everything about this Is a losing strategy. We talked about a long trade that was initiated yesterday on the coffee contract.I'm going to be home
Bobby's Homework Assignment5.4.23 I decided to do a hypothetical exercise on the coffee chart as if we were Taking trade signals the last 4 days Based on gaps and reversal areas.... to give you a perspective of how much money you could possibly make in this market if you Took only two Trades even though you could have had up the four trades in the same. Of time. Personally I don't want to reverse Trades every Reversal pattern... it's too much work for me and too much time,,,, but it is easy to see the reversals if you know to look for them.
Oil Tesla4.28.23 I think oil Is going higher and that you could enter the market with a small stop... the video gives more detail. Tesla Completed A gartly pattern and an ABCD pattern.... it actually opened at the low yesterday and then proceeded to move higher. Obviously in retrospect that should have been a two bar reversal and a long trade at the low. You might wait for a small correction lower and then consider a long trade thinking that the Market's not going to make a new low but it'll trade lower to your stop Reducing your risk. I didn't really go into much detail in the video about that. the commodity that I want to focus on Is coffee.... it is a great exercise in actively Observing the market to determine where buyers and sellers are likely to be.... with a market that offers significant profits to buyers and sellers because it has enough volatility and price action for both sides of the market. I am sure for the first 30 years that I fought this kind of price action because I didn't want to factor in the Sellers when I wanted to be long because it was a threat to my trade. And of course it works the other way if I'm a seller. That Is the Trader's problem...It's about Dysfunctional thinking on the part of the trader. Do you want to drive safely, you want to look left and right. If you want to trade safely, you want to look up and down. (and Left and right).
Bobby's Homework Assignment4.27.23 This video Is an analysis of coffee, but it is really an analysis of price action and reversal patterns for buyers and sellers. this market services buyers and sellers. The good buyers and the good sellers will make money in this market, and if you take a look at Trades that could have been taken if you could find the proper trade location... it might even be surprising how profitable these markets can be for both the buyers and the sellers. The biggest problem I had with my Trading was that I didn't want to accept that realization that something was going on with the market That was going to interrupt my trade and cost me money. Usually when this happens... for most Traders including myself it was very difficult to acknowledge it and then study the situation while the market was proceeding to lose me money because something had changed in the market. and this went on for a long time until I found a very simple solution: Stop day trading for a few years and figure out what the heck was going on... without the stress of losing money in the interim. Not only did I learn more, but I learned that the market will change direction and that it doesn't have to hurt me so consistently if I'm willing to change my paradigm once I understand how markets move before I lose my money. When you're losing money, the brain Stops working and it is nearly impossible to think with the same clarity that is needed to be profitable.... but this doesn't happen until you're in a state of mind that is more objective and is WILLING To observe... and that is NOT when you are losing money.
Bobby's Homework Assignment4.25.23 KC1! In this video I use coffee as the example to talk about gap relationships if it will help you determine where the buyers and the sellers are... and where the market may reverse.It is extremely helpful in making trade decisions.... before you're in a trade... and after you are in a trade. Once you get it.... you can just see it... and make quick decisions as to whether or not you should act on it. Looking at gaps the way I describe them Shows you where the market might trade for you or against you while you are in a trade. Yes, sometimes it gets a little confusing and you're not sure whether you should take heed...But that is what's required if you want to be a discretionary Trader and improve your chances... In my opinion. Note>I do not have real time data on coffee... so all of my charts on coffee are delayed. Obviously if you're Trading and you want optimal trade location... and these little quirks regarding Gaps and retest of gaps... you need real time data. There are people who make a lot of money without real-time data... but they're not doing to make real time decisions and they make money. If you have the real time data, and you make intraday decisions,This kind of information can help.
KC1!4.13.23 Coffee had a good day today....And this was consistent with our observation at an earlier time that coffee was in a trending ranging market but it looked like it was going to move higher and expand into a large ABCD pattern higher. I talked about some of this in more detail.... including my vision on how a market transitions into A more volatile market... and I show this through the way I use the lines and project the market in advance. the details are on the video.
Daily KC analysisDaily KC analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
☕️Coffee futures (KC): third wave bull market.●● Preferred count
● Coffee Cash (KC.C), 🕐TF: 30D
Fig.1
In Fig. 1 , the wave count from 02/07/2022 . At the moment, the market is in the initial stage of the development of the primary wave ③ . The alternative scenario is the same — the continuation of the formation of the wave e of (IV) , as it is marked in black .
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● Coffee C®️ Futures (KC1!), 🕐TF: 6h
Fig.2
The wave ① formed the shape of an expanding diagonal . There is another infrequent pattern on the chart — an expanding triangle at the position of the wave (X) of ② .
Growth is expected to continue.
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📚 Elliott Wave Guide & Ellott Wave Archive ⬇️⬇️
Coffee Part 12.28.23 This is the review of coffee and a closer look at A good trade location. I'm debating on making this part one because I want to account for the difficulty in making a trade decision at this time when I got to the end of the video. because I fumbled a little bit.... and I want you to know what that means because this happens all the time.... And that is okay Because this is my barometer to keep me out of a trade until there's more clarity. I don't have to take a trade if I'm not ready for the trade because it's not clear.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 182.95
Support: 172.60
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, price is also along an ascending trend line. If this bullish momentum continues, expect price to retest the pivot at 182.95, where the overlap support is, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 182.95, where the overlap support is, before heading towards the support at 172.60, where the overlap support and 23.6% Fibonacci line is.
Fundamentals: There are no major news.
Bobby's Homework Assignment2.18.23 It appears that coffee is going to trade higher. There is a particular ABCD pattern that suggests this. The critical pivot that allowed me to draw that pattern could have given me that clue. however, just after that clue appeared,, the market went a lot higher... not quite reaching the bearish gap lower, And then it moved all the way back to just about the gap that led to the substantial move Higher. In other words break out buyers move it a lot higher, And then the market Took out Most of those fires.... you would call it A wash and rinse.... and it might very well have you think that the Market's too bearish to move higher because the Lower Was so impressive...Many of the breakout buyers Exited the market and the thought that the market was going to go a lot higher it's either forgotten... or many Traders just don't want the risk to go along.... even though the tool that showed you it was likely to go higher has not been harmed in any way whatsoever because the correction lower actually takes you to a level that doesn't harm the reversal pattern and it fails to break below a support area or a 382. There is a Psychology for most people that they are more stressed Losing something that they feel was theirs ie. the market moves up Thousands of dollars for an unrealized profit, but then moves all the way back to break even... and they Are more traumatized by this then they are if they miss a trade of thousands of dollars.... even if both trade decisions lead to zero loss. There was a signal... in ABCD pattern Is that the market was going to trade considerably higher, But the market Attracted breakout fires first, And then it hurt those bars when the market came back to support... Making it very difficult for many traders To think about Going long after such a steep move higher and a steep correction lower. The Dynamics of this Are much greater than my description, but it's important to factor in human behavior and the things we naturally do that can actually be non-productive to our abilities to trade. once you get in trouble in a trade, it can throw you off and it can change your judgment about the market in non-productive ways.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 214.05
Pivot: 172.60
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to retest the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before continue heading towards the resistance at 214.05, where the overlap resistance is.
Alternative scenario: Price may head back down to break the pivot at 172.60, where the 23.6% Fibonacci line and overlap support are, before heading towards the support at 142.05, where the previous swing low is.
Fundamentals: There are no major news.
EW longterm analysis of coffee an shortterm outlookMost commodities are highly cyclical and don't develop in the usual 5-wave-patterns. In the long run commodity-chars look more like a series of succeeding 3-wave moves.Therefore a longterm EW analysis is difficult in a way makes no sense.
Nevertheless I devoloped a longerm chart for coffee and a shorter term analysis with a seasonal chart as indicator. In the mid and longterm I expect coffee to work lower. The short term is a bit unclear.
What I marked in the hourly chart as wave 4 doesn't look finished and also looks quite steep. On the other hand seasonality calls for a low around february 24. So we might see some fast moves in the following week.
Unfortunately the latest CoT data is not available. The last available report showed a strong build up of long positions by the commercials. This build up preceded the sharp move up from january 24.When analysing commodities it is important to watch the CoT-report. Before entering a trade I would await the latest reports.
Link to the longterm charts.
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