Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I’m running out the door and I wish I had more time to fully respond but I’ll say that I wonder why fundamentally the price would finally break thru strong resistance?
I don’t have skin the game but IF I will looking to do so based on my bias to be bearish I would prepare by using my favorite tools to figure out where and when to enter based on what the price action tells me.
Personally I used to used Pivit Point Support/Resistance levels to enter into a position(as well as other stuff but that primarily).
Tomorrow I’ll be very interested to see if there is a gap up higher opening with a drop to ripe out the previous gains. Very doubtful to happen but it is always in the foreground of my observations when I see such a set up and wondering what the price action might be telling me. As I said probably means nothing but I do like the philosophical concept.
Got to run, thanks for the response. Later trader. KennB