Bobby's Homework Assignment2.1.23 Coffee hit the $15,000 profit level. I wanted to focus on some of the decisions I would have made and how they could adversely affect my profits on this trade. No matter how long you trade you will always be tempted to make decisions that can affect the outcome in a negative way. In the end it's not as bad to make less money on a trade as it is to lose money on a trade. If you decide not to take a trade that would have been profitable, you actually did not lose money and you should never go broke if you didn't like a trade and you missed a profitable trade. You won't go broke if you're cautious. if you monitor your trade decisions and decided not to take the trade that you considered... you should respect your decision that it could have gone higher and you had the right idea... and if you find this happens three or four or five times and you didn't make money, there's a good chance you'll start taking a trade that you wouldn't have taken at an earlier time in your Trading experience.
KC1! trade ideas
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 174.95
Pivot: 157.55
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 174.95, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 157.55, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bullish ContinuationTitle: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 174.95
Pivot: 157.55
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 174.95, where the previous swing high is.
Alternative scenario: Price may head back down to retest the pivot at 157.55, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1! ), H4 Potential for Bearish DropTitle: Coffee C Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Coffee C Futures ( KC1!), H4 Potential for Bearish DropTitle: Coffee C Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Daily KC analysisDaily KC analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
Coffee C Futures ( KC1!), H4 Potential for Bearish DropTitle: Coffee C Futures ( KC1!), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 154.30
Pivot: 164.00
Support: 142.05
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to continue heading towards the support at 142.05, where the recent low is.
Alternative scenario: Price may head back up to retest the resistance at 154.30, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
Daily KC analysisDaily KC analysis
A long position with the target and stop loss as shown in the chart
The trend is up, we may see more upside
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
Coffee Futures ( KC1! ), H4 Potential for Bearish DropTitle: Coffee Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 174.35
Pivot: 163.80
Support: 154.30
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.
Alternative scenario: Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Coffee Futures ( KC1! ), H4 Potential for Bearish DropTitle: Coffee Futures ( KC1! ), H4 Potential for Bearish Drop
Type: Bearish Drop
Resistance: 174.35
Pivot: 163.80
Support: 154.30
Preferred case: Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing low is.
Alternative scenario: Price may head back up to retest the pivot at 163.80 where the 50% Fibonacci line is.
Fundamentals: There are no major news.
Daily KC analysisDaily KC analysis
Sell trade with target and stop loss as shown in the chart
The trend is down and we may see more drop in the coming period in the medium term
All the best, I hope for your participation in the analysis, and for any inquiries, please send in the comments.
He gave a signal from the strongest areas of entry, special recommendations, with a success rate of 95%, for any inquiry or request for analysis, contact me
Long CoffeeWe are long coffee. Take profit at 181.60 and Stop loss at 160.80. It is important to note that stop loss and take profit are activated upon weekly close if levels are met. This trading signal has a 30% profitability rate and a risk to reward ratio of 16. Incredibly profitable trading strategy.
KC COFFEE Supply And Demand Technical Analysis Buy TradeHigher timeframe analysis:
-Price inside weekly RBR demand
-Price very near 200MA + above it.
-Looking for longs
Lower timeframe analysis:
-Pirce broke downward ML (trend lines)
-Price removed opposing supply pivot point areas of supply
-New HH/HL demand zones being created
-Looking at potential small risk with SL below the lowest level.
Let me know your thoughts.
Coffee: About to Get Caffeinated???Reverse H & S pattern??
Neckline in play currently as key support and possible bounce-point from which lift-off could revisit earlier-'22 highs....or not....
Fundamentals reflect a tug of war between 'demand destruction due to China shutdown and global recession' vs 'supply inadequacy due to weather related subpar crops'.
FWIW, I'm long call spreads.
Thoughts???
(NOTE: This is NOT advice! Just food for thought and fodder for discussion. NOT trading nor investment advice!)