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Dosdall Daily Edge – Cocoa Week: New Trade

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This is a sample entry from Tom Dosdall’s newsletter, Dosdall Daily Edge, published on Monday, April 14, 2014.

Cocoa traders were disappointed with last week’s European grinding numbers, and the market appears technically overbought. The latest commitment of traders report showed a hefty net long position, and with the weak Euro numbers I am thinking that some of those longs might start to reduce their exposure.

I like selling cocoa if it can take out today’s low of 2975, and if filled, risking the trade to 3016.

jul-cocoa

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About Tom Dosdall

Tom has supported traders and investors worldwide across all dt execution categories. With the understanding that each client is independent of another, Tom has shown an ability to listen to the needs of each and match them with the service or product that best suits their circumstances.

If you are a self-directed trader, you can expect objective guidance on finding the right balance between price and value. That might mean anything from finding a sharp platform to help you do what you already know you want to do or providing consultation on some of the most cutting edge trading indicators on the market.

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In summary, his goal is twofold: to ensure that each client he works with is guided with the resources needed to trade with confidence and that they are equipped with the knowledge and comfort needed to grow as an investor in the new global economy. Tom holds a Bachelor of Arts degree from Colgate University.

Market Perspective: 80% technical 20% fundamental