ICF1! trade ideas
Coffee reaches accumulation levelsCoffee is trading near multi year horizontal support of 95 cents. While excessive supply and falling Brazilian real crushed the prices, there is ray of hope ahead. With price almost reaching 95 level which seems safe accumulation level, there can be gains in coming months. Farmers in Brazil are reducing coffee cultivation area will lead reduction in inventories in coming months. Price hovering near critical long term support risk to reward is very low for investing in coffee for some months.
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EOS might pump still awaits Check them fractals boi
Price is fractal of the previous one
This one will be targeting range highs twice
if the said structure completes
remember buy range lows sell range highs
_sincerely
Gerald
Coffee time?I've been stalking coffee in the background from many weeks. It's looking pretty ripe about now for taking a controlled loss (aka stop-loss). When coffee moves, it really moves. This is a longer time frame trade, which I do not usually get involved in - but it's probably time for me to get involved in one or two of these.
Coffee - Long Term Bull TrendCoffee as reached one of the most important support level ($100) promoting a huge long term bull opportunity.
Target price @144.25
Coffee Futures. Published on Tradingview on 12/26/2018Chart Originally published on Tradingview on 12/26/2018
The FUTURE High / Low price swings for COFFEE FUTURESThis chart was originally published on DECEMBER 26 but was hidden by the Tradingview platform because I violated house rules. The 1st Djinn Predictive Indicator has been sold. There should be no more house rules violations.
Coffee rallye ?Very nice and clean bounce from support 99.0, next target is about at 107,5 , also the COT report show us, that coffee is very cheap and we should test ressitance at 122.
Coffee again very cheapCoffee very cheap again, very strong support at 100, but we can go lower, however in long period, very nice opportunity to long it/buy coffee.
Coffee Short Setup Confirmed by Super Pivot StackThis is an excellent example of a solid risk reward level trade that is typically presented in a Super Pivot Stack setup. You could place your sell order below the Stack and the stop loss above the stack which is usually a very favorable size range compared to the profit potential in the trade setup.
You can see all 4 elements that make up the Super Pivot Stack, the Monthly Pivot Range is grouped with the Weekly Pivot Range, Daily Pivot Range and the 6 Day Rolling Pivot Range.
This provides a high probability scenario, with the Super Pivot Stack dominating the upside with super resistance. All these pivots working together make it highly improbable that the market will go higher, and rather sell off.
You will also notice the magnitude of the move. This is fairly common of a Super Pivot Stack, a large move that has a lot of momentum.
On the other hand of the market does rally through these pivots and stays above for a long enough period of time, then this could be a turnaround sign. If the price has that much strength behind it, you don't want to ignore this important fact. But, time is more important than price. So watch and be sure the upside move is not a fake out move that traps you into a long position against a Super Pivot Stack...not a good odds fight you wanna be in.
Happy Trading!
Short position in coffee futures. Horizon: 4 monthsThis is another average position form our long-term investments, very risky, which is included in our bearish commodity group over the next 5-6 months, correlated with bullish equity markets, a bullish dollar, a bearish euro, and a bearish token market.
Get me a coffee: strong and blackI'm eyeing up a long entry on coffee. I'll look at trading this through the 3CFL ETF. If the trade goes as envisaged and hits my wave 3 target, it could yield 100% profit thanks to the leveraged ETF.
Disclaimer: This is not financial advice. Do not follow my trades. Do your own analysis, make your own trading plans. I am not an Elliot Wave analyst and only use the tool to map out a general idea of how price may move. Constructive comments are welcomed and encouraged.
So why am I taking this trade?
The recent move up from the late September low looks pretty impulsive and price is currently printing what looks to me like a bull flag;
As price has been falling throughout this year, volume has started to swell, giving clear bullish divergence
More recently, in the July to September period of this year, the swelling volume could be considered stopping volume
Price has bounced off the $96 dollar level (12 year low) a level which has previously been a springboard.
Monthly / Daily RSI and stochastic RSI look bullish
Why am I targeting $148 by end of year?
Historical resistance level
Confluence with specific, modest fib extension level
Use of fib time tool to project key dates for pivots
Any reasons to be cautious?
Weekly RSI and stochastic RSI look bearish
Price could possibly make a W bottom and even make a lower low, with strong bullish divergence on stoch RSI / RSI - which would provide another good entry for a long.
Stop loss?
Subject to the opening price on the ETF tomorrow, I'll consider placing a tight stop around the $110 mark.
SBUX vs KC1! (coffee futures)Coffee prices seem to be reaching a pivotal point with possible break out. Starbucks has enjoyed decreasin coffee prices over the last decade. A break out in coffee could be good sign to short SBUX $BJO
Cheap Caffeine FixCoffee Futures fall today below 100, to 97.25, not seen since 2006. Producers, according to the CFTC COT reports, are net long some 80,000 contracts, an all-time high. These extremes in positioning are accurate contrarian signals, presenting a opportunity to bet on a rebound in future coffee prices over the next 6 month.
