Cotton is setting up for the seasonal bearish movement that occurs typically until May 7. We are going to setup a trade on the daily chart. This is a countertrend based on the weekly chart since price is still above the Kumo cloud. If you do not feel comfortable taking a trade against the weekly trend, do not setup the trade. This trade is for the aggressive trader, not an aggressive trader.
For EDUCATIONAL USE. Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose