SB1! trade ideas
Long sugar!Taking a long sugar trade. Grains, in general, are well bid and DBA is another class you should look into. The fundamentals are backing up the technicals here. Key reasons for this trade:
1. Chikou is above price on daily.
2. Daily Kumo and kijun provided support on price pullback and today was a sharp reversal day.
3. Weekly macd is crossing up and Price action is between TK and KS.
4. Weekly Kumo is thin and flat and should give way soon.
5. Very good RR here. Choose your contract wisely depending on your time frame of trade.
Let's see how this one plays out.
Sugar Easily The Most Evil Food Substance To Put In Your BodyAs an aging baby boomer, I am now starting to notice things in my own life,
things that for years I paid little attention to when I was younger.
One of those things ,easily the most evil food ingredient out there,
that one can put into our bodies is Sugar, ...plain and simple.
Sugar acts as a carcinogen, as it invade the human bodies cells,
to hyper activate all kinds of bad things that can go wrong with the insides of our body over time.
Cancer cells especially, feed on and grow with rapidly with a sugar based diet
By eating sugar based products as the norm,
you are literally causing your own healthy immune system
to be under siege by a foreign substance, that it does not know how to handle.
And then there is the grocery store, where most people shop for food to put into our bodies.
Just check the Ingredient list on almost any package food,
and you will come to realize that sugar is practically in everything out there.
If it's not at the top of the ingredient list, you'll find it somewhere.
Modern day science is now much more aware of the dangers of sugar.
than it was when I was growing up in the 1950's-1960's.
So do yourself a favor,when you have a little extra time to set aside.
Do some research on the inherent dangers of putting sugar into your body.
Read the scientific quantified evidence that's out there today
You will be glad that you took the time
not only for yourself, but for your children as well.
THE_UNWIND
6/15/19
NEW YORK
Long in Sugar (SB)We want to go long in sugar if the latest high is broken. Our stop loss is pretty close. Alternatively, one can sell just Put options with a delta of 10-15.
ABC/123 to Measured Move area ?Following the selloff, we have surpassed the prior high and retraced.
Now showing strength for a possible C leg (or w3). New momentum high
relative to the downtrend.
sugar is going up after a 0.618 retracement1.the price is supported well at this level
2.XYAB pattern suggused a movement upward
3.the Oil,stock market also suggused a correction after a sharp dropping.
I dont know if this rally would turn out to be a new trend up,but it is worth to try
Sugar ready for mark up!!Wyckoff accumulation appears to have finished. Coiling up just above resistance and would put it late in phase D. Phase E should begin soon! Also, there's bullish divergence on the monthly chart (not shown) too. Buy and hold this one for a while guys :)
Target Area for Sugar Retracement ?A few thoughts on Sugar and what may lie ahead.
Potential short in retracement area.
Sugar Buy IdeaSugar Buy Idea @ Daily Demand Zone (11.17 - 10.46)
Buy Limit: 11.19
Stop Loss: 10.43
Take Profit: 12.91
Risk Management = 0.01/$100
Recommended Leverage not to exceed 1:50
Recommended Risk Ratio 1:1.5 – 1:3
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
SUGAR Front month long tradesugar front month is on a tear and looks like an abcd pattern but also looks like the bottom of the downtrend. i woujld long this for as long as i can
Sugar Is MAD! Time to calm down, but just for a bit! After a huge sell-off it is time for the sugar to shine. We have a big 1 week candle and huge 1 month candle so far. But as it grew so fast and furious it needs to calm down a bit. I am proposing a trade based on RSI and closing top of the channel and 13$ . In the upcoming week we will move in the area of 12-13 $.
Short: 12.7 - 13 area (I have opened a short, and open another one if we go up)
Stop Loss 13.1
Target1 11.8$. Target 2: 11.5$
Timeframe - 1-2 weeks . We will keep the big monthly green candle!
When we hot 11.8 I will go green for chasing the 15$ next month!
Good luck!
Sugar turned out to be a beautiful trade..Sugar 2 days ago hit bottom. This was a good opportunity to take it long.
Entry: $10.07 (23/08)
Exit: $10.31(24/08)
Return: 2.3%
