ICEUS:KCZ2022   Coffee C Futures
8.24.22 Coffee Lumber I spent a lot of time on lumber which is at the support area. I would be looking to be a buyer at support even though there may be a compelling reason why I could Trade lower. I took a quick look at coffee, and I think my students are going to stay long and trade the market higher. Since the market reversed lower to a 382 support, they may have a very good strategy. However, if I taken their long trade when they took it, I would just take the profits at the 1.272. I don't think there's anything wrong with your plan, and I know they've done well trading coffee. I don't think coffee is a breakout market yet, and their recent Entry Is profitable.. But this market could easily trade back to their entry price...And still be a good long-term position that will make new highs. So if their Stop is that their entry price... they might want to reconsider long-term strategy. They made significant profitable short-term trade decisions... but they got in late when you consider where the price was when it sounds support near the 382 retracement.
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