Hobofinance.com

Alright, today was an interesting day. Coffee is beginning to act like itself again. Whether it will persist is yet to be determined. What was auspicious in today’s move?
Both the MACD Histogram and the Relative Strength Index gave bullish divergence buy signals today. Both have, on the whole, been very accurate over the last several [...]

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This last week and a half has been brutal. There’s a very simple lesson to be learned…Things can always get worse. Protect yourself from that potentiality by hedging, diversifying, or not…ahem…going all in at once.I have about 7 grand of equity at present, 4 and a half of which is tied up in options. I [...]

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I’m presently down 50K of the initial 60 speculated. The situation looks dire for me and exceedingly bullish for coffee. This is one of those situations when a person can be right on a market and still loose big. I had the opportunity three weeks after buying to sell my December contracts at a profit [...]

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Commentary for 9/16/08
I crapped my pants today. I’ve always known coffee is a diuretic, but what I seem to need a constant reminder of is the rare ability of coffee futures to elicit the same internal response. The market not only fell through long term support around 135, it dropped 6 cents on the day [...]

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Gooooooood morning all.  We had an exciting day in the markets.  Crude oil sold off heavily no doubt due to the easing hurricane threat.  The dollar is up, and as a result commodities across the board sold off.  After an hour or so of trading this morning most commodities recovered most of their losses on the [...]

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Hey friends and loyal readers.  This will be a short and incomplete update as orders are still in process.  But I did want to leave an update on the status of the coffee market.  Tuesday Aug. 19 left me the final confirmation of an intermediate trend change via the MACD Histogram.  The %R and Relative [...]

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Case Study Entry 3
Can a Hobo go from 0 to financially independent in 6 months?
Plan your trade and trade your plan they always say. And that’s what I’m doing here for all to see. It’s not that I want to expose my personal finances but I have a problem with the pool of experts and [...]

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Ok, it’s about time for the second entry in what is to be an empirical Hobofinance case study testing the veracity of Hobofinance philosophy. It will last about 8 months or so, depending on the performance of the coffee market. We’re into the second week of August 2008 and the time is damn close if [...]

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As my old martial arts instructor used to say, “Everyone has a plan until they get punched in the face”. Trading is no different. Well, not true. Traders get punched in the face a lot more often than martial artists. And when they do they tend to hit back by throwing good money after bad, [...]

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