Monday, November 15, 2021

#Coffee Review $JO #KC_F

Coffee Review
Those that view the message of the market on a daily basis are likely confused by trading noise. While trading noise contributes to the long-term trends, it does not define them. Human behavior tries to explain trading noise as a meaningful trend. This confuses the majority which, in turn, contributes to their role as bag holders of trend transitions.

Coffee's overall trend, revealed by trends of price, leverage, and time, defined and are discussed in The Matrix for subscribers.

Hi Eric, I went back and watched your video from april on geo price targets. the middle target was 2.20, which coffee hit today. at the time you considered it to be the most likely target is this what you would look at to take profits? I took a position in coffee back earlier this year and my intention was not to trade in and out - it was just a core position..how do we know when to get out? do you sell your core position bit by bit? is there a new target we should consider now?

Mike


Subscriber Comments

There's still the 4.236 target. Profit-taking on the core is sound trading/investing.

Criteria for profit-taking:

(1) Daily or weekly cycles above 2 - Present
(2) Concentrated bearish energy build - Not present.
(3) Bearish divergence in the ProIndex. - Not present.


Only (1) has been triggered.  Cycle readings above 3 usually warrant some sort of action, but that's not present either.

The primary trend price and time cycles are still below 1. If coffee wants to go higher, it has plenty of room to do so.

You'll never get fired for taking partial profits. If another Reset comes, escalate back to the full core position if the setup is decent.

Follow me on Twitter or Facebook for further discussion.

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