Cotton dec update and questions answered

Cotton after sliding thru my last support at 63.97 by another 2 full points to just above 62 is looking like this w3 could have concluded. (If you would like my updates for when I get in and when I get out then you will have to email and I can inform you when I take a trade on and off) . Unfortunately I don't know where the bottom may be! I just trade my signals.… That being said I am holding long at just under 64.00. 

The stock market and the dollar will dictate the Feds move!

Its of my opinion and my opinion only that the fed will not only keep the balance sheet the way it is but start adding as the Dow starts it's decent. This will obviously put pressure on the dollar and move it lower. When this move by the fed fails to halt the market decline this is when the about face will occur and interest rates will be forced higher to try to protect the US dollar from further decline. 

This is how I see it playing out in my head . 

British pound to 180?????

British pound appears to be in a wave  3 that could extend up to 180+ Despite all the talk of a strong US dollar. We are however very close to the uptrend line channel that wave 3's normally tend to trade. Trgts come in on the downside @ 16866-16878.  

Position currently long at 16884

Dec cotton trade…

Dec cotton has pushed to the lowest target in a w3 so If this is a reg wave 3 of 1.618 we should see a deep w4 start soon.  Premium bought 63.95 dec

Euro currency low risk trade

The euro is currently at a possible bottom here at 13375 and in my opinion a small risk high reward scenario. Premium bought 13375…

Sugar update…

Sugar still looks to be in the last and final leg down in a c wave of wave 2. Commonly i find that wave 2's especially in commodities will often retrace .786 of w1 and sometimes further. My targets come in from 16.33-16.46 for and end to this w2. 

Unhappy with your current broker????want 2 see a window into how I trade… I will be more than happy to work for you in refining your trading techniques. It will be my pleasure. 

Email: Commoditykid@gmail.com 

Euro currency…bounce coming

Sept euro currency looks to be ready to bounce here possibly back to the 13560. Let's see if we do. 

Weekend look at nat gas

Sept daily nat gas…

Natural gas is holding a .786 at around the 3.77-3.74 area for a possible deep wave 2 of major wave 3.  This flat count would be invalidated on a break below the low made back in nov 2013. As long as we hold and do not break this level wave two could finish at any time…