Attachment gThe yellow vertical lines enclose the past twenty days of trading.
The left yellow line will soon approach a row of candles with a series of descending daily highs.
This news, combined with the rising prices of the past few trading days, may give us a long entry point;
namely, a new four-week high.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
Today's high was 199.45, which was close to being a new 20-day high, but it
did not surpass the high of 199.75 on 2 Sept. 2021. (Both prices are tagged.)
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
Today marked a new 4-week high of 205.55, which was a full 9.10 higher
than yesterday's daily high. This would mark a long entry on Monday
morning, according to the Turtle Trading rules.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
Attachment g
After the burst of energy on Friday, the coffee futures chart has backslid.
Now, if I were a professional trend-following Turtle Trader, I would keep track of the value of N,
which I discussed elsewhere in this thread. Once you know "N", you compute the value of 2N
as your stop loss. Perhaps I'll edit this post later to show the results of my N calculations for the
previous 20 trading days, but for now, I'll just presume that I was stopped out.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare
A new high was reached today that shattered the previous high by almost $10.
Today's high of 215.15 exceeded the previous high of 205.55, set on 1 October 2021.
HELL IS EMPTY, ALL THE DEVILS ARE HERE. -- Shakespeare