Coffee Traders' Forum

Re: CL debacle VS CLHJ / Few Thoughts *PIC*
By:J-Links
Date: Saturday, 6 February 2010, 5:28 pm
In Response To: Re: CL debacle VS CLHJ / Few Thoughts (JuanV)

Thank you for that comprehensive and constructive post Juan. In my memory....I think it may actually be the longest you have ever posted. Your posts are typically very brief and to the point....so it is refreshing to observe some of the processes that underlie your trading approach.

In the weekly KC chart.....based on Z's methodology which I learned several years ago and found a very helpful trading tool.....we are now at the lower level of a trading range established last September. You can see the failed attempts of several upper breakout bars....and now I anticipate that we may try and penetrate the lower level......perhaps to achieve a blowoff bottoming pattern.

Trading markets is so much a 'waiting game'.....that is something I have come to believe. Trying to 'force' the action often leads to loss. Knowing when to 'press' is the art.

Wishing all who share here on this wonderful forum good gains in skill and profits.