Long
Cocoa horizontal range play
-56 week horizontal range
-Well defined boundaries
-Rising volume
-Break of upper boundary line, long 50 basis points
-Using commodities contract for difference as oppose to futures contract as my account size would not support such leverage
-Well defined boundaries
-Rising volume
-Break of upper boundary line, long 50 basis points
-Using commodities contract for difference as oppose to futures contract as my account size would not support such leverage
Note
Breakout or failure imminent, a surge in volume required to confirm and carry this move beyond the confines of this boundary.Buy stop in place
Note
Order filled, Long at 2275Trade active
Note
Nice gap into the weekly open. If gap proves to be a breakaway gap, may revise target to a partial close and trail stop on remaining positionNote
Stop moved to 2220Note
Stop moved to entryNote
Price has reached 70% of planned move, 3 day trailing stop now in effect starting at 2443Trade closed: stop reached
Stopped out
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.