Search results

This is the pullback in coffee that I was calling for. In wave terms, I think we are doing an ABC pullback on the daily coffee charts, and this is a W2 to the downside. On the March contract, I have a downside target of 67 cents with a potential to hit 63 cents. I would be a big buyer between...

Silk. I know what is going on with Grimer. He is losing his psychological game face. I don't care if the guy is trading KY Jelly futures between 9:45AM and 10AM. The bottom line is that the man or woman or she-man is pissed off the way that the market is trading. Many traders that have...

Yo Grimer, why don't you just sit tight, and take a break for a couple of weeks. Then you can just wait for the market to lose 10-12% off of the top and you'll know that we have broken the uptrend. Then you wait for 60% retracement, and short the world. Everybody will be so busy trying to...

From a wave perspective on the monthly coffee chart, I think that we are about to put in the 5th leg higher in the first impulse up. I still think that we'll get a big pullback of about 60-70 whenever the top is in. If you look back at previous lows on the monthly chart, it took some time...

Since there is absolutely no volatility in the Coffee market right now, I believe that the safest way to play Coffee is to try a delta neutral strategy. I'm thinking about buying some puts now on Coffee as we get our pullback, then I will go long into the coffee futures. I will go delta neutral...

I'd stay clear of that Green Mountain...DDRX follows coffee on the monthly chart with a really high correlation it appears. That is the stock to roll with if you want to catch the coffee run, but you want to buy a stock. Read Waggies' post on DDRX to get the fundamental picture.

If you read the previous posts, I mentioned a stock named DDRX. I do not know what they do, but if you compare the monthly chart on DDRX since 1997 to coffee on a monthly chart since 1997, the two charts look very similar.

72 cents is the 38.2% retrace for the move from 59 cents to 79 cents. I still have a nice 61.8% target for 66 cents. We should get that since people will be in doubt that the coffee trend has started, and they will try to short coffee. Hey Waggie, are you starting to store bags of coffee...

I think people like to wait for a retracement because they get a better feeling for where the market is headed. Also, there is the greed factor too. People like to ramp up their trades on the retracement, rather than ramping up the trade at the top. If you have a ton of money and you don't...

I agree Waggie. I like to trade the ER2(mini RUT) and the ZN(the electronic ten year treasuries on the ECBOT). I'm going to concentrate on the ER2, the ZN, and coffee. That is about it. Oh, and speaking about bang for the buck, the ER2 is the best bang for the buck that I've found.

Yo Waggie, I got my coffee account open with a new broker. I was using IB so I could only trade equities futures, gold, natural gas, and crude. I show 59 cents as the low on on chart for coffee, and another chart says 56 cents. what do you guys show at the bottom in cofee? I'm looking...

I wish I knew what the hell was going on in the stock market like I know what is going on in coffee. I'm seriously on the verge of quitting my equities futures trading and just trading coffee. Might be worth it to concentrate on just one market. Waggie, am I an idiot?

Yo Waggie. OJ is looking ripe for a bullish trend. I'm looking at a monthly RSI, and it looks oversold. Some of my other indicators are saying that OJ can go a bit more south. Waggie, are you seeing crazy articles about OJ? Got any links to stories about oversupply? I'm looking at monthly...

Yeah Cutten, That's exactly why I got bullish on Coffee. I saw that everybody was talking about Coffee oversupply. This is so bullish in coffee, it is going to rip up big time. So what about that DDRX? No, I'm not talking about Dance Dance Revolution Extreme. I'm talking about the...

DDRX Is DDRX a good proxy for coffee futures? I'm looking at the monthly charts on DDRX and the monthly continuous contract in coffee futures...The two charts look almost the same. What you guys think?

Those Fair Trade people sound like a bunch of communists. YOU NEED PEOPLE TO SHORT COFFEE!!! YOU NEED GREEDY PEOPLE TO SHORT COFFEE!!! WHY? BECAUSE YOU NEED THE PEOPLE, WHO WERE SHORT, TO BUY BACK THEIR SHORT EXPOSURE!!! Then smart people like ourselves can buy into the short...

there is something called the 28% phenomenon that I have found to always work. It works with stocks and commodities. Usuallly when a commodity or stock wants to breakout in a new bull trend, it will make a 27-30% move higher. Then after that you get a nice retracement to the downside, and...

Coffee is the only soft on the NYBOT that I like right now. Sugar and Cocoa still look like poo to me.

Yo Waggie, I'm waiting to get in. So far, I called the low at 60ish cents. When I look at a monthly chart, I like to wait for the first big move higher to show that we are in a breakout, then I buy the dip. I think that it is possible that we will come off big in the next two-three weeks...

I think is it perfectly legal to make a cross trade. For instance, you have two brokers, and you buy from one and sell from the other. That is allowed I believe.