Ag trade ideas
- Thread starter TraDaToR
- Start date
Out @ 32.42. Loser.
My profits are alright since I started back long term trades in 2017. If you dig around March 2016 in this thread, there was an equity curve of my profits since its start. Those are long term liquid trades, real bets, so the sharpe ratio is a lot lower than my bread and butter scalping. It should be around 1.5
Exited half of it around 9.5 on the spike. Holding the rest for possible (NAFTA ?)exponential market
Cocoa peeks above the 200 day moving average.
The price moved above the 200 day moving average last night and closed at a higher level. The candle itself is not that bullish but certainly the steady manner in which the move was made is a positive and I'm inclined to believe we might be looking at a bullish outcome given how flat the 200 day moving average line is coming into this. In other words it won't take too many more up days before the 200 day moving average is pointing higher and the price is above the average, all of which would be a bullish scenario.
I'm a bigger picture bull on the commodities markets in general and a weaker US dollar will assist prices in moving higher. I'll be looking to go long cocoa from the open of the market 2nd February U.S. time.
The price moved above the 200 day moving average last night and closed at a higher level. The candle itself is not that bullish but certainly the steady manner in which the move was made is a positive and I'm inclined to believe we might be looking at a bullish outcome given how flat the 200 day moving average line is coming into this. In other words it won't take too many more up days before the 200 day moving average is pointing higher and the price is above the average, all of which would be a bullish scenario.
I'm a bigger picture bull on the commodities markets in general and a weaker US dollar will assist prices in moving higher. I'll be looking to go long cocoa from the open of the market 2nd February U.S. time.