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TFC Commodity Trading Forum

Re: What about cocoa?
In Response To: Re: What about cocoa? ()

I am far from an expert myself, but my recollection was that there were two entries to the system. A 20 day and a 55 day breakout whereby so long as the contract made a low or high that was lower or higher than the highest low or high within those time periods you got a confirmation. The only caveat was that if the last signal would have resulted in a winning trade you didnt take the trade.

When I look at march cocoa, I see a failed breakout to the upside on or around 10/27 that would have resulted in a loss and now I see a sell signal on the downside 10/10 when it traded at 25.62.

But i may be misunderstanding.