I think cotton is set to go higher based upon daily & monthly. Possibly retest recent highs.

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1/ The high of the last week bar is not higher than the previous week high. Weakness. **Could just be consolidation after a strong week. 2/ The open price of the last week is equal to the close price of the previous week bar (even if there was a gap ...

Sonic R. System

I'm not sure why 1.3650-1.3710 is a "maximum Up" by looking at the weekly & monthly charts. It's the next resistance area but it could go much higher if that area breaks.

Sonic R. System

I see it this way but just a guess :-) 1st arrow to left the double top was resistance. 2nd arrow price breaks through resistance but couldn't close above (fake breakout). Now price blows through resistance so watch for bullish price action if price ...

Patterns Experts: Is this a Breakout from an ascending triangle?

To start with, KEEP IT SIMPLE for now. You seem to be trying to go so many directions rather than just focusing on one at a time. In my opinion, focus only on your trading because if you can't become a consistently profitable trader, all the other ...

To be the best

Yes, good idea to use max loss per trade. You can still use the same size of SL to suit your trading style, just need to reduce the size of the trade if you want to use a larger SL. It's less stressful also to use a larger SL & a smaller position ...

All Indicators Trading system

Hi Joe

Sonic R. System

At a zone of resistance on the monthly but a pretty big zone so could go a bit higher first. This is 2nd test of zone so might push through this time also. Just a guess.

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COTTON daily & monthly.

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COFFEE didn't hold the bottom & CORN is testing the bottom again.

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Example: 1,000 units (1 micro-lot) with 2 pip spread & No commissions= $.20 1,000 units (1 micro-lot) with 1/2 pip spread & $1 commissions= $1.05 Example: 10,000 units w/2 pip spread & No commissions= $2 10,000 units with 1/2 pip spread & $1 ...

Commission vs Commission-Free Trading

It all depends upon the size of your trades. If you're trading small sizes it's usually cheaper to pay the larger spread with no commissions. If trading larger sizes then it's cheaper to pay the commissions to get the lower spread. For scalping it ...

Commission vs Commission-Free Trading

Hi Olu, Thanks for all the charts & your analysis. Nice short trade on the corn too. I removed the post I had about my corn trading. I remain bullish corn over the long term but not right to show that on your thread where you're trading based upon ...

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Price action was good today but if you follow the fundamentals, they're pretty ugly (bearish) but I feel it's pretty much priced in that's why I have a small long position & will add but only with a better price.

Trading For Those With a 9-5 Job

Good buying on the early selloff in coffee after yesterday's big move higher.

Trading For Those With a 9-5 Job

I read the report. I don't think it was that bad so I remain bullish. Notice how they bought it on the selloff. Tomorrow's trading will give a better idea after they've had more time to review it. The early selloff could have been partly from funds ...

Trading For Those With a 9-5 Job

I just traded rice once but don't follow it much. Rice has very little relationship with the other grains since it's not used for livestock feed. Corn, beans & wheat are used in large amounts in the livestock business but rice is mostly used as a ...

Trading For Those With a 9-5 Job

Hi Olu, Thanks for the comments. I've been following & trading the grains for about 10 years with a little success. Mostly been trading based upon fundamentals which I follow very closely since I grew up on a farm & my brother still farms about 2000 ...

Trading For Those With a 9-5 Job

Possible double bottoms in corn & coffee?

Trading For Those With a 9-5 Job