USDCAD, round number playing as natural S and R. Use this simple technique for entry and tp.
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Cot - Report in application to the Forex 2 replies
COT report... futures or futures and options report? 6 replies
Fundamental Analysis - Trade Ideas 2 replies
EA, GA, GCAD, GJ, GN - Analysis and trade ideas 8 replies
COT report 1 reply
DislikedGold, possible double bottom on H4. It is also sitting on S zone 1850-1860 on daily chart. A break below that S will be bearish. But if it holds, there is good upside potential. {image} {image}Ignored
Disliked{quote} I see gold as long term investment. Might be the last time we see the price around 1840. Very good occasion for a buy. Fundamentals haven't changed for gold. More qe,and low interest rate are going to stay for long timeIgnored
Disliked{quote} Yea, you are right. I buy GLD (gold ETF) for long term play.Ignored
DislikedUSDCAD, round number playing as natural S and R. Use this simple technique for entry and tp. {image}Ignored
DislikedUSDJPY, I don't like that +200 pips bullish engulfing candle. But the larger bearish pattern is not ruined yet. 106 remains the key level. {image}Ignored
Disliked{quote} I see gold as long term investment. Might be the last time we see the price around 1840. Very good occasion for a buy. Fundamentals haven't changed for gold. More qe,and low interest rate are going to stay for long timeIgnored
Disliked{quote} GU, follow-up with that forecast. I got the first 2 waves right (the first up move was a bit smaller than I thought though), let's see if the last wave plays out. As a separate note, forecasting the price movement can never replace other high probability trading techniques (i.e. confluence levels, etc.) that we keep posting here. This is mostly for fun. {image} {image}Ignored
Disliked{quote} I traded GU and EG like a donkey these last 2 days, but with these confluence levels of fib and RN I got all my positions to BE and there's no damage done. This is the key difference to trading PA candlestick PA like I used to. If you mess up on the entry with those you really get punished. Yes, 1.31 @ 50% should provide a bounce and I will take it, but my reading is we may have entered a bigger bear cycle for next week, well at least for a while. But you're right - Levels over forecasting but you sure nailed that one. ...Ignored
Disliked{quote} Yea, I know what you mean. Yesterday, it was clear to me today would be bearish. Other times it might not be that clear. For me this can drop another 100 pips to 1.30 and I will still consider it long term bullish. I'll be looking at 1.31, 1.3050, and 1.3 for possible long setups. This is not a place to go short. The nearest short play is 1.32.Ignored
Disliked{quote} We should have our 50% fib line up a at 1.32 if 1.31 hold. That would be something to look forward to for next week. I can see a possible kill zone on EURUSD for tomorrow above these highs with 50-61.8 and a 0.5 RN inside them. {image}Ignored
Disliked{quote} Yea, I know what you mean. Yesterday, it was clear to me today would be bearish. Other times it might not be that clear. For me this can drop another 100 pips to 1.30 and I will still consider it long term bullish. I'll be looking at 1.31, 1.3050, and 1.3 for possible long setups. This is not a place to go short. The nearest short play is 1.32.Ignored
Disliked{quote} EURUSD, long trade. I did some scalping short @ 1.18, but the pa remains unclear atm so I have closed them. A clear break above 1.1845 favors the bullish play. As pointed out in a previous post, EU remains in a very large trading range. And the price between 1.17 and 1.19 remains choppy. {image}Ignored