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Cocoa, anyone trading?
Started Nov 5, 2010|Trading Discussion|1 reply
I like the daily close on Cocoa, but haven't really traded it before. I know about the ...
"I heard something VERY interesting over the weekend ... and if it comes to be then forget 4500.. think 1.5 lol" 1.5 sounds like a bullish target, you mean 1.05?
Eh, most were expecting 500 billion over 6 months, or 1 trillion over a year, this is basically what we got. 1.5 on the EUR/USD?
I like the daily close on Cocoa, but haven't really traded it before. I know about the ...
Aussie follows the S&P intraday. The intraday correlation is quite high. Also, worthy of note, my mentor from BX says that their statistic is 41 pips a day, on average, for a veteran trader in trending markets. Recently it has been more difficult, ...
Yet to be invalidated, would be with a break of 76.79 on USDX. I don't think the euro will say die just yet.
Personally can't decide what direction we will end the day in here, to me it looks as if the USDX is forming a potential head and shoulders pattern on the 5 minute. Although, I do not generally give the pattern much credit, I am being wary.
You may be jumping the gun... the MACD could shoot higher, destroying the divergence. I always wait for it to finish printing the cycle before I see it as a short signal, who knows what Asia will do. They frequently sell the dollar.
Could be an interesting day tomorrow in the sugar market, not only QE2 coming up, but potential weather issues in India. url
Crazy day for sugar! Was much like the video, hahaha.
I trade sugar actively. I am currently long over the weekend with an average position in the high 26's. My price target is 31.52. Oddly, sugar seems to have traded 50 contracts on Saturday (yesterday). Ending up .32 from its settle on Friday. Quite ...
I dunno about this move, the S&P didn't react much at all, and this barely seems news worthy, let alone worthy of moving markets, its Geithner, not Ben