Sugar is trying to hold onto the trend channel. We are currently in a very volatile process. You can wait for this week's closing. (Friday) Since I deem it appropriate for risk / reward ratio, I suggested a position like this: Stoploss: 0.11403 Target : 0.12764
Trade active
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If your position is appropriate, your stop level can be at 0.11200 because everything can happen in this volatility. This stop can come immediately.
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Friends, agricultural products like sugar are very difficult for everyone because it depends on the weather. If you have noticed, analysts assessing agricultural products are almost absent, very few. It is very difficult to follow the agenda. If you know the resources that can follow the agenda well, please share with me. So I can do much more accurate analysis. Corn and ethanol are a bit more popular, so our corn trade was successful.
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Trade closed manually
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Trade closed manually with %7.4 0 leverage net profit . This is nice profit and i want to look the parity and share my new idea .
For example, there was a violent reaction in corn, but even without it we would close trade :
More than half of the information that determines the market is information.
There is relatively more information in Corn.
I recommend you to take a look at the newly published USDA report.
The most important thing that increases your success here is a source of information about agricultural commodities.
I haven't found it yet, if you find me, please tell me too :)
Noldo
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But you can't trade with that logic.
If you rely on moving averages instead of fractal levels, the middle band is an exponential average.
I think fractals are very important and cannot be hunted by algorithms as easily as moving averages.
If you think so, the middle band is the exponential moving average value.
Also if you're talking about rsi channel,
yes that channel covers a very long period of time, the break up will be very severe.
We can go to the fractal level quickly.
In the opposite scenario, our stoploss is ready.
If there is no severe break, we will end the trade.
Think_Trading
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I wouldn't risk going against the daily, weekly and monthly trend... What indicated that the channel will break? A higher high and higher low is not present in the current market structure...
More than half of the information that determines the market is information.
There is relatively more information in Corn.
I recommend you to take a look at the newly published USDA report.
The most important thing that increases your success here is a source of information about agricultural commodities.
I haven't found it yet, if you find me, please tell me too :)