Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Hogs bounced from the support level at the February highs but could not hold onto the gains and finished the week practically unchanged.
ZS – New Crop Soybeans
Soybeans were lower this week trading back down to the 15 SMA before bouncing from this level to finish the week on a positive note.
DX – US Dollar Index
The US Dollar finished the week lower after failing to surpass the 95 level. Prices were extremely volatile on Thursday and it is likely that this volatility will remain with the BREXIT vote this week.
ZN - 10 Year Note
The Notes continued higher this week with the rally reversing at the February highs to finish the week.
Can you help answer these questions from other members on NexusFi?
I was stopped out of Gold position for a loss today.
A gain overall today with gains in Coffee partially offset by losses in Gold.
Here are my comments on my open positions based on the day’s price action.
QO – Mini Gold
Trade: Long 1 contract of Jun Mini Gold
Entry Price: $1,281.50
Exit Price: $1,256.50
Trade Grade: 3/5
Trade Comment: All rules followed with this trade. I probably should have moved the Stop up to break even earlier in the week with the BREXIT vote looming.
Daily Comment: Gold attempted to move higher today but was unable to surpass the 15 SMA falling from this level back to the 20 SMA and closing below the 61.8% retracement level.
KC – Coffee
Trade: Long 1 contracts of September Coffee
Entry Price: $1.3510
Risk: Stop moved to $1.351 risking $0
Target: Short Term - $1.51, Long Term - 1.97
Daily Comment: Coffee rallied strongly today closing above the $1.42 level that has been acting as resistance this week.
I was stopped out of my Coffee position for a gain today.
Some open profits lost today before being stopped out.
Here are my comments on my open positions based on the day’s price action.
KC – Coffee
Trade: Long 1 contracts of September Coffee
Entry Price: $1.3510
Exit Price: $1.373
Trade Grade: 3/5
Trade Comment: I tightened my Stop with the BREXIT uncertainty and was out of the position on the open. I really should have exited this position on the close yesterday and gone into the vote flat.
Daily Comment: Coffee was lower today but finished off the lows closing back below the March highs.
