Sugar double topSugar forming double top on the daily chart. If the daily candle close below the horizontal line that's a good short signal. if it close above the line, then need to wait to confirm because maybe that's a fake breakout.
Sugar
2021...The year to become a $SUGARUSDADDYThis chart says enough. The fact it's a spicy sugar daddy joke makes it an even better.
DXY looks like it will continue to fall. My broker gives 12x leverage, so if it sugar hits my target, it's around a 6x return. That means sugar is a buy and hold.
Fibs, moving averages, keltner channels all indicate a buy.
Good luck out there.
Sugar Trade (Entry at 0.14392) (Take Profit at 0.15120)Enter SUGARUSD at 0.14392. Take Profit at 0.15120.
SUGAR on the 0.382 🦐SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move.
The price touches e exactly the 0.382 fib level and created a falling wedge.
IF the market will close and break above the 0.14300 area and consequently breaks the descending trendline we can set a nice long order according to Plancton' strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
SUGAR on the 0.382 🦐SUGAR on the 4h chart after reaching the 0.15 level starts a retracement move.
The price touches almost the 0.382 fib levelk.
IF the market will close and break below we can set a nice short order according to Plancton' strategy.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
NY #11 Front Month Contract continues its uptrendThe recent pullback from 15.50 resistance did shake out some players but the fundamental story remains the same (Lower production on the softs though a risk of Indian Exports continues to hound the market. Actually, buying near the lower end of the channel for the past couple of days with a wide stop and proper sizing would enable a trader to catch and on to it as it attempts to try to breach the 15c level. The next resistance level seen in the chart is around 15.50 and the next would be 16c.
#Sugar setting up for an explosive move $SB1Sugar looks like a textbook basing out here. What is key now is to get a recoil before the break of 15.50. So far so good. Target price of $24.
Sugar: just some infosHi Guys,
Here some ideas in respect of Sugar. Good, bad, I don't know. I'll let you decide.
Please share your views and comments below.
Thank you for your support and for sharing your ideas.
PS. The hammer was not a hammer
Cozzamara
Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumstances.
Dhampur Sugar - Either side possibleNSE:DHAMPURSUG can break out on either side and needs a close watch. Volumes also will be crucial to watch out for at the break out/down point. Good entry would be above 148 for a quick gain in short term.
SUGAR - Something big aheadSugar is preparing for something big.
The price is in range for a couple of days now and the ATR is dropping.
I'm biased for some reason that price will drop sharply.
However the trend still remains bullish on all TFs.
Hoping to see price at the area of value to work out intentions from there.
Good luck traders.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
SUGARUSD - More sweetness to it?Following yesterday's idea (pls see below for link) and after engaging a few long orders today sugar turned long as we expected.
The uptrend is now stronger than before (see the two green lines) and the price is currently at a critical level.
At this level we can do two things:
1) increase our trailing stop losses to a new level (I suggest you consult the ATR indicator for that),
2) consider taking some profits (TP1 on chart).
My hope is that there is more to expect from our dear sugar and get the full potential up to the TP2 point (I put a long order next to it so you can see the potential).
However we have to be cautious and monitor closely price movement as markets are there to surprise us.
As long as the +DI and the -DI don't "kiss" and the ADX remains at around 40-50 then my hope has pretty good chances of materializing.
Good luck traders.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
