CJ1! trade ideas
COCOA BULLISH BIAS Ok Leo, do you want me to buy something that is already at a supply zone? That’s exactly what I am telling you to do, and why? Well mainly because big speculators, aka “smart money” just turn net long at this!
Ok, so I just go long at the market? Not so fast, There’s a big supply zone one weekly and price will react from that point. So you can adopt two behaves:
Conservative
Aggressive
CONSERVATIVE:
You will wait for the breakout of the supply zone and enter at the pullback
AGGRESSIVE
Yes, you will take at market, try to work your order as these markets do not have a lot of liquidity or you can get a big spread and slippage.\
Cocoa BullishCocoa analysis:
Seasonality: usually Cocoa advances mid April, but the real surge begins Jun, though Cocoa seems interestingly very bullish with respect to its seasonality
1- COT : commercials where extremely long
2- Open Interest : commercials holding their shorts in consolidation after an impulse leg
3- Backwardation : nearby contract is trading at a Premium compared to next contract (somebody is willing to pay more for his Cocoa)
4- A down close candle on daily (an Order Block ) has been created = more buying ?
* If April 15 closes above 2434 the order block is validated
5- Targets are: 2490/2720
Cocoa: Pending sell opportunity.Cocoa is currently trading on a 1D Channel Down (MACD = -26.310, Highs/Lows = -32.7143, B/BP = -53.5400) about to price its Lower Low. We have a pending short order on the 3rd estimated Lower High, which based on the previous channel's should be printed. TP = 2100.
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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