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TFC Commodity Trading Forum

Re: Cocoa buy
In Response To: Re: Cocoa buy ()

Wow it's amazing that you posted here cause this is the only
2 markets I fool with, I only trade 2-4 day swings and if I carry anything
Over the weekend I am a nervous cat. Yes I love your technical info cause I am
Trying to learn where retracement etc ends up and I traded
For years now only to give back what I make so 6 months ago I decided to
Trade slower markets and I use resistance and support to get in and get
Out, I use RSI to tell me when to be cautious of oversold /
Overbought levels and don't watch my positions with a mental
Undecidedness all day.
So far so good but keeping it simple works as long as
The market behaves but once we move outside of normal ranges
That is when I'm afraid to enter. For example we know for a while march
Sugar stayed between 1750 to 19 and I was comfortable buying and selling
Close to these marks... But once it bottomed or broke new highs I get skittish.

I sometimes trade lean hogs on a very wide range but once again I am
Never relaxed being in a livestock position that is why I trade on very wide ranges.

I have been posting on twitter but now I think I'm gonna just post here for the
Insight that you veteran players can give and I do appreciate it.