Market Curiosity: Exploring Markets And Systems

August 12, 2013

JO – Buy Coffee (update 2 August 21 – 41%)

Filed under: -25 to -49%, Long Calls, Long Stock — Tags: , — Jeff Fitzmyers @ 8:30 pm

Buy DEC 25 calls for < 2.30.
Stop loss 1.10 ish.

Buy stop shares at about 26.05.
Stop loss 23.93

+ Gann Global has a nice video out advising long coffee suggesting a minimum 30% rise.
Long term coffee chart.

KC weekly cot august 12 2013

JO weekly aug 12 3013

+ All daily CCI’s are pointing up.
+ Today was a NR7 on the ETF sitting right on support.

JO daily august 12 2013

Update 1 August 13
Bought call for 1.85.

Update 2 August 21
Closing position at 1.10. Price did not break up, it continued with the main trend.

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