Now Reading
Commodity Diversions
38

Commodity Diversions

Commodity Diversions

by The MoleSeptember 16, 2011

Who would have thought dabbling in commodities could be so much fun? (well I did – but anyway…) You surely remember this year’s money trade which was a long entry around 243 which was followed by the express elevator to 290, a few handles short of our T2 target.

What followed after was a sell net-lines entry which admittedly was tough to catch due the length of that candle. But after breaching both BBs (which would be T1) yet again coffee seems to be making a b-line for 245 now. How much fun is that?

But that’s only one isolated example, you say?

Oh really? Here’s soybeans – similar setups and equally profitable. Without the bailout drama, the headlines, the pundits, or other mental masturbations.

If you always stuck with trading equities, thinking that commodities are too wild or too dangerous for your taste, then I want you to compare this chart to the stunts the spoos have been pulling in the past month or two.

Ouch, what a mess…

Also, please show me one commodity chart that dropped in price by half within a day or two – or even went all the way to zero. I can show you plenty of stock charts that did 😉

Cheers,

Sign up here to receive my FREE early morning briefing:

About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c
PayPal: https://paypal.me/evilspeculator