Welcome to the TFC Commodity Trading Forum.
Please feel welcome to join in on these informative ongoing discussions about trading futures and commodities.

The Trading Forum is intended for the open discussion of commodities trading. The management of this Forum does not agree or disagree with the ideas exchanged, and does not exert editorial control over the message posted herein. Read and post at your own risk. The risk of loss in trading or commodities can be substantial. We discourage the use of this Forum to promote trading that is acknowledged to be risky. Please note: many links from the Forum lead to pages on other web sites. We cannot take responsibility for nor endorse the information presented on those sites.

TFC Commodity Trading Forum

May Cocoa/Pulling Back to the Breakout Point *PIC*

May Cocoa broke out over price resistance at 3100 and ran up to 32.70 which was a Fib 38.2% retracment of the March selloff. Price is now pulling back to the breakout point. This is a classic conservative buy set up after a breakout and run up for price to pull back to the breakout pt to purchase. A stop loss at one's comfort level below this breakout point is still needed as insurance in case of a failure to hold. Sorry,no guarantees.......