Market Curiosity: Exploring Markets And Systems

October 23, 2011

Looking to go long December cocoa due to seasonals, COT, and NR7. (update 5, Nov 9) +40%

Filed under: +26 to +50%, Futures Trades — Tags: — Jeff Fitzmyers @ 9:48 pm

Buy stop near 2954. Dyslexia?? 🙂 2594.
Stop loss near 2542.

+ Seaonals look to be at a turning point.

+ The mid term RSI is above the long term RSI.
+ The recent bottom in early October was tested.

October 24:
+ Ok volume so far. Expecting to get near 2700 relatively easily or else get out.

November 3: Stop moved up to 2665.

November 7: Moved stop up to around 2670. Price should rise from today’s NR7.
+ There was decent up volume the past 3 green bars.
+ Price is resting on the shorter term EMA.
– There is a potential seasonal turing point around November 9th.

November 8: Stopped out. +40% based on margin.
– Down on volume. (If volume was light, that might just be running stops like this. With volume though seems more bearish. Will be interesting to see what happens over he next week.

November 9: Why it was profitable to get out. Maybe today is a bottom. Don’t want to find out the hard way.

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