Risk/Reward here is insane. Optimal long-term short entry. This is the third time cotton has been at this level in 50 years. Use good risk management unless an anomaly occurs like it did in the 2011 spike. Don't risk more than 1 to 2 percent of your total account size.
last week's massive drop in price resulted in a change in trend on the daily timeframe. using both trendline rejection and a breakout of the triangle pattern as confluence, I am setting a long-term take profit at the 95.50 region - weekly trendline & the next major support level
rice, (Oryza sativa), edible starchy cereal grain and the grass plant (family Poaceae) by which it is produced. Roughly one-half of the world population, ...
WOULD LIKE TO SEE COTTON retrace into the area I highlight on the charts as we are in a shift of times and inflations haha. Not trying to pick the top, we still bullish
A resistance in the price of cotton of roughly .95 cents has been in place since 2012 and was recently broken. In 2010 cotton ran all the way up to $2.00 and started breaking north this time of year. It appears that the running quantity of cotton ginned in various parts of Texas through September 15th is down significantly from the prior year. Much of the rest...
Traders and investors use different sets of tools when approaching markets. Some are fundamentalists, pouring through balance sheets, supply and demand data, and other macro and microeconomic information to predict the future prices of assets. Others have a strictly technical approach to markets, following trends and the path of least resistance of prices. Still,...
Cotton Futures open in China limit up after holidays. PTA (Purified Terephthalic Acid ) futures still in corrective phase and one to watch as Cotton replacement may kick in.
PTA may lag but should mean revert
Yesterday I posted an idea about cotton(short lower 92) and it goes down 3,5% .Reason for short have 3 main things :
1.Key level 92$ from D1 timeframe.
2.Instrument closed close to our level.
3.Clean area below our level.
With risk 20 cents it gave us 3 dollars profit.
Personally, I did not go into this tool becouse my login model was not there.
The main task is...
Global trend long, local trend short.We have key level 92$.Price cinfirm this level few times so we know-there are some bulls and lower this level they have stop losses.When price will broke this level I expect thet bulls will close their long possision and bears will open short possision so we should get some impuls down.With entrens be attention with next things...
Now that we have two daily bars above the 18 MA and the fundamentals are bullish I took an entry on Cotton.
Target 1: Prior swing high
Target 2: 1.61 extension
Target 3: 2.00 extension
Stop at 84.50$
