COCOA, COT ANALYSIS, LONGAt 1800 levels we will definitely close the short position and in accordance to COT commercial We will revert to LONG again
CC1! trade ideas
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.
Research: Short/Sell Sugar (PENDING)Lester Davids, our Trading Desk analyst, is bullish on sugar over the medium term, but in the short term there may have a potential short/sell.
Interesting that all the softs (except wheat) have all moved together. Possibly look to accumulate a basket of softs on a bit of a pull back.
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 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
Playing COCOA /CJ to the long side for the next couple of monthsCocoa is building a base since March of this year. Eventually it looks like it wants to get it on and move to higher levels.
The price projection symmetry on the monthly provided good enough support and we see signs that this base is finally over and the next leg higher has already started.
Based solely on technicals , COCOA has a minimum 100-200 upside from here which these levels would be 2250-2350 .
That would be close to a 0.382 retracement from a weekly perspective .
I am long at 2136 as of today .
Long above $2100This has broken from the very protracted downtrend and bottoming over the last 12 months. You can now see two horizontal lines of resistance - one of which the price is currently sat at - we also have a parallel channel on the RSI which I think needs to break.
To my eye we need to see to move above $2100 and we should be in for a long hold and run.
Cocoa - positive divergenceWeekly chart so very long timescales in play but this has bottomed and is reversing from my perspective. I would be taking longs on the dips.
Bottomed Next candle will be long and blue here. This has definitely bottomed and the reverse is beginning .
Cocoa Long Long TermCocoa has hit levels which has previously proven to be support levels in 2011/12 and again in 2013. I believe that this may be the turning point for the cocoa price, after a rough 2016 with a 32% decline. If the support level is broken, though, it's probably wiser to open a short position.
What's interesting is that the short interest in cocoa is very high, and many traders and institutions hold a short position in cocoa, which could open up for a so called "short squeeze".
The short interest is something I would monitor carefully, because if we see a decline in short positions, this could indicate that more people believe in a rise in cocoa prices, and have either just covered their short, or switched sides of the trade.
