Hello all
This is what I mean by being smart about looking to take up positions in softs.
The market is down at the present time, dollar is also stronger and coffee is down over 2%
Because it closed above 150 the March contract doesn't mean anything.
Softs are not indexes where most times are true to the break outs... softs 90% of the time are fake outs.
Where the illusion of a move is yet the producers are selling into it.
I don't want to go into the dynamics of it but please be smart about it..
No I have not bought any positions in either yet as I said we have until the 19th to purchase position.
The one thing you need to be aware of is that, anyone who has bought the March contract has lost money as most traders and market makers are short.
The one thing that will squeeze the shit out of them is weather damage to crops, which isn't been taken into account.(because of cocoa)
This is what the astrology is showing so your aware of it.
On another note AA is reporting after the close and I think they might report disappointing numbers numbers.
The guidance I think is what many will be looking at and I don't see them being to positive with the Chinese slowdown play out.
I might hold the shorts after the close to see the numbers and if they are what I think we might get that quick spike down .
Venus in Cap 11.11pm
Remember be smart and wait for the opportunity to arise..
Chance comes to the prepared mind
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
This is what I mean by being smart about looking to take up positions in softs.
The market is down at the present time, dollar is also stronger and coffee is down over 2%
Because it closed above 150 the March contract doesn't mean anything.
Softs are not indexes where most times are true to the break outs... softs 90% of the time are fake outs.
Where the illusion of a move is yet the producers are selling into it.
I don't want to go into the dynamics of it but please be smart about it..
No I have not bought any positions in either yet as I said we have until the 19th to purchase position.
The one thing you need to be aware of is that, anyone who has bought the March contract has lost money as most traders and market makers are short.
The one thing that will squeeze the shit out of them is weather damage to crops, which isn't been taken into account.(because of cocoa)
This is what the astrology is showing so your aware of it.
On another note AA is reporting after the close and I think they might report disappointing numbers numbers.
The guidance I think is what many will be looking at and I don't see them being to positive with the Chinese slowdown play out.
I might hold the shorts after the close to see the numbers and if they are what I think we might get that quick spike down .
Venus in Cap 11.11pm
Remember be smart and wait for the opportunity to arise..
Chance comes to the prepared mind
As always use this blog as an indicator to your own work.
Futures trading can produce huge losses and profits.
Ask your financial advisor more on the above .
Past performances are no guarantee for future performances.
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