Kumowizard
Long

Cotton - Nice Heikin Ashi buy signal at Kijun Sen

ICEUSA:CTN2015   Cotton #2
79 0 1
Cotton             (July contract) gave a nice early possible bullish signal yesterday: The Heikin Ashi candle closed as a doji , just above Kijun Sen support, and haDelta/SMA3 crossed up. Today we have a green Heikin Ashi candle with no lower wick as a confirmation.

This is another great example of how nice the two japanese techniques ( Ichimoku and Heikin Ashi) work together, and also a good example how powerful the Heikin Ashi quantification tool (haDelta - developed by Mr. Dan Valcu) is, when you need earlier signals than the signal given by the Heikin Ashi candle itself.

As I posted on Twitter yesterday, I have already re-enterred some longs yesterday, and increased today at 66,00.

Now the only thing we really have to watch is how high the next possible bullish wave can send Cotton's price. Obviously if there will be higher high, then the trend can go further on, but if no higher high within the channel, then next time buying a dip would be a dangerous strategy. Anyway, let's pout our initial tgt             for this re-buy trade idea to abt             69,00-69,50.

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