Day Trading & Forex Forum

maxwellreid

Cocoa, is a market that is avoided by traders in the main. The big buyers dominate the market and the trend is, well too volatile. Anyway, I see a bull market here. I have been long this commodity for over 18 months now. Trying to build position. Anybody else trade cocoa. I would be interested in your reasons for being long/short. It hasn't been wildly profitable but imo it's early days. The market for cocoa looks like getting bigger. ie I see this as being demand driven with supply playing catchup.

salud

Max

maxwellreid

Unloaded my cocoa contracts. It's been the best performer of the commodities for 2008, but seems to lack interest amongst traders. No machismo in this commodity, as my friends put it. My guess, is that it has further to go.

alud

Max

ahardy66

Seen some wild swings overnite though, including that massive whipsaw last week which took out my break-out stops in both directions.

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Adam