Commodity Diversions
Commodity Diversions
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,
