Showing posts with label JO. Show all posts
Showing posts with label JO. Show all posts

Thursday, March 22, 2012

JO: Missed it

JO  goes in the missed it category.  My order didn't get filled because my broker didn't have shares available to short.  IF they were available this would have been a great trade 5% breakdown with a close at the low.  I could have just had the order for the coffee futures, but I'm staying away from futures for the time being.  Still a pat on the back for seeing the pattern


Sunday, March 18, 2012

New Orders

This ETF is supposed to track Coffee. Coffee has been in a heavy down trend.  I have a sell stop order at 44.11 below the low of this consolidation area, but low enough that I gave some extra ticks to avoid a false move (hopeful).  I'm hopeful that it acts the consolidation last month, which broke hard to the down side.  


For reference: Here's the weekly spot coffee price.  The 200 week MA may provide some support but other than that it could fall another .30c