We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of Coffee. (NYBOT_KC.Z13.E).
I hope you are having a GREAT week !!!
This week let's take a look at the December Coffee futures chart.
We use the weekly MarketClub Trade Triangle to tell the trend when trading futures and the daily MarketClub Trade Triangle to time the trade.
December Coffee is on a weekly green MarketClub Trade Triangle and a daily red MarketClub Trade Triangle which is just exactly the way we want the Triangles to line up for a buy setup. Continue reading "Chart to Watch - Coffee"