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Cotton

Cotton confirms! A nice move!Back in April I talked about getting into cotton if it went below the 84 level. Well it did, and what happened after that? A little boom boom! It took its time but moved higher as expected into the 94 level as expected. Trades don't always work out so nicely, so when they do come its nice to be able to say thank you to everyone who followed it with me. I'll be posting more as soon as the market shows me some new ideas, so follow along and stay in touch :) How did you trade this move? Did you catch a little piece, get get the whole shebang? Would love to hear form you, so share your experience and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk
C
by TheBadPanda
The fluffy white won't be falling anytime soon...hint bullish ;)Hey guys, I'll get stright to the point! Cotton looks really bullish to me :D The better part of this year we have seen some bullishrallies, but nothing that has really taken us out of the 77-83 range. While other commodities have shown strenght or declined Cotton has done...not much. When I see that I start to think we are getting ready for a bigger move! Right now I'm watching for a big move through the first obejective at 87. That would give us a breakout above the yearly high and when that happens I think we could see 90, 94 in the cards for a solid bullish year. While that might be a some time off, we can still watch to see how strong the current bullish trend is. And think about getting positioned if the move does come ;) Right now I dont have a trade, but my wheels might start turning if we return below 84, even briefly ;) What's your opinion? Wre you as bullish as I am? And if you're not, thats cool, just share your ideas and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
FOREXCOM:COTTONLong
by TheBadPanda
Cotton setting up?Whats up tradingview commnity? Last time we talked about cotton I mentioned that I would be looking for a buy if we got below 84. And well we did...was kinda scary wasn't it? Shot down there like it was gonna reverse or something (still could ;) But like I mentioned in the previous post on cotton, in an environment where it should be going lower, its holding onto its rage. So I'm positioning for a long higher. While its still to early to see if it will be a big sustained break out, I do think we will pop up into 87 from where we are now. If we keep going, awesome hold it and ride it while its hot! if not, it's still a nice little trade. So once again, the 84 figure is where I'm looking for an reaction. Lets see how it goes! What's your opinion? Are you as bullish also? And if you're not, that's cool, just share your ideas and let's learn together! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
FOREXCOM:COTTONLong
by TheBadPanda
Long July18 Cotton25 Apr 2018 Cotton #2 Ice July18 CTN2018 Price fall of Apr24 points to immediate support at 81.10 then 80.70 This latter support is significant and failure here (Daily close below) will open next support at 79.70 (double bottom retest) and 77.70 If the double bottom retest gives way then price will probably move down to 74.40 (minimum) or more likely 73.90 support. But that is only a maybe and is much further away from the current position. Current area support 81.10 is reasonably substantial. So rejection longs could be entered in the rectangle with stops in the 80.30-80.20 area (rising dotted line). Upside is assumed to be slow and staircased with an ultimate short term move back to 85.00 area. This would then start projecting an ascending triangle with medium term (Dec18/Mar19) potential of 92+ Stops should rise in parallel with the upward sloping trend line. Any close below breech would signal exit all longs - not establish shorts, but a "hurry up and wait!" position, while new price pattern unfolds.
CLong
by Oh_If_Only
1
100% Cotton OnLooking at the daily chart, you can see there were 3 attempts to rebound from the 618 FIB level. The 3rd attempt had a nice bullish engulfing angle. Price action sits above 21EMA, a bullish sign for us and we took a small nibble at 69.2. We think the H&S shoulder pattern is forming in process. Once it breaks out of the triangle, it should heads towards the right shoulder which is also breaking out from the upper channel (white line). It might pull back (red arrow) giving late buyers a chance to enter the market before charing forward to 75.19 (a resistance level) where the 38.2 FIB level sits.
CLong
by dchua1969
COTTON is in accumulation phaseCOTTON is in accumulation phase in the short term it should break the congestion area (68-69.5) and climb to test the pullback line in the area (70.5-71) You can enter long if close an hourly candle over 69.328 cents bringing over only in the case that in the day exceeds 69.78 cents otherwise close and try again the next day XiNiaN 4 - Trading System - V. 2.9.1 - Medium/Long Term Period - (Time Frame: 1 H) COTTON CTZ17 - Dec '17 68.450 FLAT since 12/09/17 to 70.321 LONG Above 69.328 Stop LONG se close daily <69.78 SHORT Under 67.504 Stop SHORT if close daily> 67.05
FOREXCOM:COTTON
by XiNiaN
Cotton - Cushioned Fall Cotton has been falling for the past few months. Signs of consolidation and lost of steam has begun. Before we go into the charts, a brief summary of what we see empirically - Prices tend to bottom out around August. Immediate low presents a strong support due to historical hits and fib hits. RSI and MACD has indicated buy signals. Confirmation upon; 1. Positive engulfing, breaking up from the consolidation (0.695). Trade details SL: yellow region below current price indicates strong resistance; Partial profit: short term at boarder of green rectangle. Fib retracement levels coinciding with previous lows Duration: 3 months at least Best Trades^^
FOREXCOM:COTTONLong
by clingwrappingsheets
CT overbought. Looking for sideways to take a breatherTechnically overbought. New highs made with declining volume. Not an indicator for continued strength. Overall uptrend is intact, but we are near upper end of trend channel. On top of that market is overbought based on BB, RSI and Stochastik. Targets: 1. Middle bollinger Band 2.Upsloping red shorter term trendline 3. Longer term red trend line, and 100 day MA and lower BB (all similar area). --> big support 4. 200 day MA (yellow)
C
by mjhillpp
1