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Weekly COT report Analysis + Trade Ideas

  • #6,721
  • Jun 2, 2020 8:42am Jun 2, 2020 8:42am
GU, something to consider
Attached Image (click to enlarge)
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  • #6,722
  • Jun 2, 2020 9:55am Jun 2, 2020 9:55am
EURUSD, short setup @ 1.1240, confluecne of fibonacci extensions and S/R levels
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  • #6,723
  • Jun 2, 2020 10:13am Jun 2, 2020 10:13am
USDJPY, short & long setup
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  • #6,724
  • Jun 2, 2020 10:17am Jun 2, 2020 10:17am
Quoting shahab8b
GU, something to consider {image}
I am short term trader, 30M TF but I am aware of and I use levels and zones from daily TF in my day trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU06.02.30M.png Size: 87 KB
Click to Enlarge Name: GU06.02.daily.png Size: 85 KB
Always trade your own plan...I don't provide trading signals.
  • #6,725
  • Jun 2, 2020 10:30am Jun 2, 2020 10:30am
Quoting Coreg2004
{quote} I am short term trader, 30M TF but I am aware of and I use levels and zones from daily TF in my day trading. {image} {image}
I am not a long term trader, but I find it helpful to consider the overall picture. I sometimes hold a good trade for a few days.
I was bearish on GU till 2 weeks ago, and then I realized something else was going on.
btw, thanks for your charts, they are always helpful.
  • #6,726
  • Jun 2, 2020 10:36am Jun 2, 2020 10:36am
Quoting shahab8b
{quote} I am not a long term trader, but I find it helpful to consider the overall picture. I sometimes hold a good trade for a few days. I was bearish on GU till 2 weeks ago, and then I realized something else was going on. btw, thanks for your charts, they are always helpful.
shahab8b, I remember, we waited for wxy(abc) to be completed after flat correction failed...
Always trade your own plan...I don't provide trading signals.
  • #6,727
  • Jun 2, 2020 10:55am Jun 2, 2020 10:55am
Quoting Coreg2004
{quote} shahab8b, I remember, we waited for wxy(abc) to be completed after flat correction failed...
I know. that was mostly thanks to your original charts.
  • #6,728
  • Jun 2, 2020 11:02am Jun 2, 2020 11:02am
shahab 8b, did you see how fricking ECHF worked perfectly?
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Always trade your own plan...I don't provide trading signals.
  • #6,729
  • Jun 2, 2020 11:22am Jun 2, 2020 11:22am
Quoting Coreg2004
shahab 8b, did you see how fricking ECHF worked perfectly? {image}
ikr? I actually used your wave 4 entry to go long. Did you trade it yourself too?
  • #6,730
  • Jun 2, 2020 11:27am Jun 2, 2020 11:27am
Quoting shahab8b
{quote} I know. that was mostly thanks to your original charts.
shahab8b, no it was teamwork.
Always trade your own plan...I don't provide trading signals.
  • #6,731
  • Jun 2, 2020 2:02pm Jun 2, 2020 2:02pm
GBPUSD, going long targeting 1.26 with a 20 pips SL
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  • #6,732
  • Jun 2, 2020 6:07pm Jun 2, 2020 6:07pm
Quoting shahab8b
USDJPY, short & long setup {image}
I set alert at 108.30...but if UJ will have shallow correction I will miss the trade (well, not the first time)
Attached Image (click to enlarge)
Click to Enlarge Name: UJ06.02.4H.EOD.png Size: 73 KB
Always trade your own plan...I don't provide trading signals.
  • #6,733
  • Jun 2, 2020 6:20pm Jun 2, 2020 6:20pm
Quoting Coreg2004
{quote} I set alert at 108.30...but if UJ will have shallow correction I will miss the trade (well, not the first time) {image}
It's better to miss the trade than enter with a bad RRR and then it goes wrong.
  • #6,734
  • Jun 2, 2020 6:28pm Jun 2, 2020 6:28pm
Quoting shahab8b
{quote} It's better to miss the trade than enter with a bad RRR and then it goes wrong.
shahab8b, I hate shallow corrections @0.236 because there is no room to play defense. If the level breaks you are sitting and watching and praying that 0.382 holds. Now, if I buy at 0.382 and the zone breaks I know I am wrong, it's not W.4, I will take the loss and move on to the next trade.
Always trade your own plan...I don't provide trading signals.
  • #6,735
  • Jun 2, 2020 6:34pm Jun 2, 2020 6:34pm
Quoting Coreg2004
{quote} shahab8b, I hate shallow corrections @0.236 because there is no room to play defense. If the level breaks you are sitting and watching and praying that 0.382 holds. Now, if I buy at 0.382 and the zone breaks I know I am wrong, it's not W.4, I will take the loss and move on to the next trade.
It’s interesting you mentioned .23 level. I used to have it as my fibonacci retracements for years. Then some time ago, I realized most my losses happen when I enter at .23. Then I got rid of it. I completely understand your point. You can play with the trade between 0.38 and 0.61, even when it goes wrong you can usually survive at B/E. With fib 0.23 you can’t recover it.
  • #6,736
  • Edited 7:03pm Jun 2, 2020 6:41pm | Edited 7:03pm
Quoting shahab8b
GBPUSD, going long targeting 1.26 with a 20 pips SL {image}
GBPUSD, long trade update, moving my SL
Attached Image (click to enlarge)
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  • #6,737
  • Jun 2, 2020 6:49pm Jun 2, 2020 6:49pm
GBPJPY, looking at this, I have more confidence that GBPUSD will break 1.26-65 level by the end of the week.
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  • #6,738
  • Jun 2, 2020 7:49pm Jun 2, 2020 7:49pm
Quoting shahab8b
GBPUSD, going long targeting 1.26 with a 20 pips SL {image}
GBPUSD, target reached, tp on 1st position and let the 2nd position run, targeting 1.275
Attached Image (click to enlarge)
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  • #6,739
  • Edited 9:05pm Jun 2, 2020 8:19pm | Edited 9:05pm
AUDUSD is going higher, a terminal move before a v shape reversal but it has more room to go due to short covering of large speculators
Attached Image(s) (click to enlarge)
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  • #6,740
  • Jun 2, 2020 8:23pm Jun 2, 2020 8:23pm
Quoting shahab8b
{quote} ikr? I actually used your wave 4 entry to go long. Did you trade it yourself too?
No, I didn't. I have a strong aversion to the swiss franc and Canadian dollar...I used to trade exclusively only futures and volume for these instruments always were low so I dropped them ...yet I have to give a try to trade them as Forex pairs.
Always trade your own plan...I don't provide trading signals.
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