Cocoa
Cocoa futures monthly demand in control, long opportunitiesCocoa futures monthly demand in control, long opportunities. Going short with monthly demand level in control is very risky and low odds. Very strong monthly demand created with proximal line at 1995. New daily demand zones being created, not yet available. Longer term long bias with this monthly demand zone in control.
1W Channel Down. Short.Cocoa (CC1!) is on a very aggressive long term Channel Down on 1W (RSI = 37.498, MACD = -53.170, Highs/Lows = -176.9286, B/BP = -379.8580) and is currently also trending lower on the latest 1D bearish leg, equally as aggressive (STOCH = 21.862, Williams = -90.823). This is the third leg downwards on this Channel Down and based on the previous two it should reach a Lower Low around 1735. Our TP is higher at 1800.
COCOA TO GO 'LONG' for the futureQuick chart for my followers, cocoa to go long, if you have been following my other publishes then you would understand my chart without yellow full details, there may be further downtrend on the bottom yellow line but overall cocoa is on the uptrend as it has hit top yellow line.
Top yellow line at 2051
Bottom yellow line at 1800
Please study your indicators understand some, as they would help you determine a suitable entry point. use lower timeframe views such, Weekly and Daily view for a suitable entry point to go uptrend.
Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
Cocoa Elliott Wave IdeaCocoa appears to have completed a multi-year correction in May 2017 to 1792 in the form of WXY; could be a great buy with a stop loss below that point.
There was a very big starting wedge for wave 1, followed by a complex WXY for what could be wave 2...Cocoa might already be in the next impulsive move towards new highs
Cocoa Buy IdeaCocoa Buy Idea @Weekly Demand Zone (2045 - 1803)
Buy Limit: 2065
Stop Loss: 1779
Take Profit: 2453
NIB (cocoa ETF) ideawatching for a reversal at support over the next few weeks. as of now still very bearish. $NIB
COCOAA bullish signal on COCOA future with the target in the area $ 2870/2880 and the stop loss at $ 2320/2325.
Cocoa Sell IdeaCocoa Sell Idea @Weekly Supply Zone (2802 - 2919)
Sell Limit: 2802
Stop Loss: 2920
Take Profit: 2587
Cocoa Buy IdeaCocoa Buy Idea @Daily Demand Zone (2585 - 2423)
Buy Limit: 2587
Stop Loss: 2520
Take Profit: 2750
Cocoa Sell IdeaCocoa Sell Idea @ Monthly Supply Zone (2628 - 2847)
Sell Limit: 2625
Stop Loss: 2850
Take Profit: 2150
Cocoa daylevel resistance 2443. Short or long? fibonacci analyseCocoa is at a heavy resistance now, 2443. Will it go Short or long?
Price is exactly between two fibonacci resistances now; 2524 and 2368. I think price will bounce between these two before it breaks long or short.
When it breaks the long resistance 2524, I see a target of 2674. When it breaks low; target 2153.
Most difficult part are the exact positions where to buy and positions stop loss.
I have some ideas about which positions to place orders, but I'll try some movements before opening them.
After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's.
The strategy I learned from an visionair is 'Cycle trading' and I have developed this further and made it my own.
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts, as; is the trend horizontal / uptrend or downtrend or volatile.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! one of the indicators I use here to help me is the Fibonacci sequence.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! Here I work with 'the total expected possible profit' and an percentage from this total opportunity where I mostly close the trade to be safe.
And that's not all at all. Also I check if the opportunity is interesting, by analyzing the charts and when I can make the conclusion that when I should open an certain trade and the possible profit would be 2/3rd of the amount you can possibly loss. So, in bad case lose 100 dollar and best case win 300 dollar it is worth the try! losing these kind of trades, I see as an investment on the possible loss. Stop loss needs to be tight here.
Patience is everything, we’ll wait for the right moment!
Sometimes we are in huge loss, before we end the month in good profit. This is all part of the game. Without trading positions which we lose, we could never win more than we lose. Losing orders is investing in the knowledge to trade the right one to earn money.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
Cocoa at heavy resistance now 2443. Short or long? check my ideaCocoa is at a heavy resistance now, 2443. Will it go Short or long?
Price is exactly between two fibonacci resistances now; 2524 and 2368. I think price will bounce between these two before it breaks long or short.
When it breaks the long resistance 2524, I see a target of 2674. When it breaks low; target 2153.
Most difficult part are the exact positions where to buy and positions stop loss.
I have some ideas about which positions to place orders, but I'll try some movements before opening them.
After years of studying, learning and practicing I have developed a way of trading which can provide an profit every month by trading cfd's.
The strategy I learned from an visionair is 'Cycle trading' and I have developed this further and made it my own.
How do I decide to open a position or not? First I analyse:
- sentiment on the market > are people in buy mode or short mode
- I have some own created indicators, some I show in my charts, as; is the trend horizontal / uptrend or downtrend or volatile.
- and this own indicators tell me when probably a new long position starts or a new short > these are the positions where I place my orders! one of the indicators I use here to help me is the Fibonacci sequence.
- and again other own created indicators tell me how far long or short it probably goes. The take profit and stop loss positions are Other positions than the resistances in the market! Here I work with 'the total expected possible profit' and an percentage from this total opportunity where I mostly close the trade to be safe.
And that's not all at all. Also I check if the opportunity is interesting, by analyzing the charts and when I can make the conclusion that when I should open an certain trade and the possible profit would be 2/3rd of the amount you can possibly loss. So, in bad case lose 100 dollar and best case win 300 dollar it is worth the try! losing these kind of trades, I see as an investment on the possible loss. Stop loss needs to be tight here.
Patience is everything, we’ll wait for the right moment!
Sometimes we are in huge loss, before we end the month in good profit. This is all part of the game. Without trading positions which we lose, we could never win more than we lose. Losing orders is investing in the knowledge to trade the right one to earn money.
Thank you for following and Succes with trading !
Richard from Rich.Exclusive.Trading
COCOA Short TargetI believe that Cocoa has around a 1920 short target as a price index. The Cocoa market is an exchange grade premium product with chocolate supplies running out. The demand of it as a commodity is starting to slowly be positive again. However, the HODL would be short in my opinion. This as an index, is a really risky pair in terms of overall correlations. The likelihood statistically for the past 5 years, and even the past year was negative or an overall loss on investment. The potential of a breakout or the 1920 short target is because of trading averages and the slightly positive correlations the past few weeks.
Potential Long Set UpCC2! is in a sideways volatile market. It has made a vacuum to test the lows followed a failed retest on a final push below. Price has formed a strong hammer candle and also an inside bar. A potential long trade to the 2118 area could be in store.
COCOA CC1!I rarely publish these longterm ideas but here i am pointing out the current wave 4 on a weekly chart.
So in the long run we will be short the CC1! but since we are currently in a wave 4 we will be looking for long positions.
For a starter position i placed a long entry @2000, next @1975, @1935 and finally @1900
Soft targets start @2290,@2610 and very distant and unlikely @2800.
Targets 2610 and 2800 would be the area of adding big short positions for the long term trend continuation and commencing of wave 5.
Long term Short Targets start @1300, all the way to @790.
CACAO beautiful candle in the last sessionCACAO beautiful candle in the last session
which confirms the departure
of the short term periodo long
The medium long term period long, could start in the next session, target 2080
XiNiaN 4 - Trading System - V. 2.9.1 - Medium / Long Term Period - (Time Frame: 1 H)
COCOA CCZ17 - Dec '17 1947.00
FLAT since 29.08.2017 at 1970.80
LONG Above 1971.81
Stop LONG if daily close <1982.86
SHORT Under 1927.62
Stop SHORT if daily close> 1916.57
COCOA CCZ17 - Dec '17
CROC X1 - Supports / Resistances
R3 = 2098
R2 = 2080.00
R1 = 1969.00
PIVOT = 1956.50
S1 = 1944.00
S2 = 1909.00
S3 = 1904.00
CACAO beautiful candle in the last sessionCACAO beautiful candle in the last session
which confirms the departure
of the short term periodo long
The medium long term period long, could start in the next session, target 2080
XiNiaN 4 - Trading System - V. 2.9.1 - Medium / Long Term Period - (Time Frame: 1 H)
COCOA CCZ17 - Dec '17 1947.00
FLAT since 29.08.2017 at 1970.80
LONG Above 1971.81
Stop LONG if daily close <1982.86
SHORT Under 1927.62
Stop SHORT if daily close> 1916.57
COCOA CCZ17 - Dec '17
CROC X1 - Supports / Resistances
R3 = 2098
R2 = 2080.00
R1 = 1969.00
PIVOT = 1956.50
S1 = 1944.00
S2 = 1909.00
S3 = 1904.00