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Weekly COT report Analysis + Trade Ideas

  • #6,761
  • Jun 4, 2020 6:28am Jun 4, 2020 6:28am
Quoting shahab8b
EURUSD, short setup @ 1.1240, confluecne of fibonacci extensions and S/R levels {image}
EURUSD, short trade update
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4 6 2 2020 abcd.png Size: 41 KB
Click to Enlarge Name: EURUSDH4 6 4 2020.png Size: 36 KB
  • #6,762
  • Edited 11:03am Jun 4, 2020 9:30am | Edited 11:03am
Quoting shahab8b
{quote} GU {image} {image}
GU, long trade second attempt after stopping out at b/e on the first trade
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4 6 4 2020.png Size: 46 KB
  • #6,763
  • Jun 4, 2020 1:36pm Jun 4, 2020 1:36pm
EURUSD, short, 20 pips sl, tp 1.13
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 28 KB
  • #6,764
  • Jun 4, 2020 2:30pm Jun 4, 2020 2:30pm
Quoting shahab8b
EURUSD, short, 20 pips sl, tp 1.13 {image}
EURUSD, moving sl to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 64 2020.png Size: 28 KB
  • #6,765
  • Jun 5, 2020 7:03am Jun 5, 2020 7:03am
Quoting shahab8b
{quote} GU, long trade second attempt after stopping out at b/e on the first trade {image}
GU, holding the long position, tp 1.27 & 1.285
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 6 5 2020.png Size: 42 KB
  • #6,766
  • Jun 5, 2020 7:06am Jun 5, 2020 7:06am
Quoting shahab8b
{quote} I think UJ is building a triangle was wave 4 {image}
UJ long position update
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 6 5 2020.png Size: 31 KB
  • #6,767
  • Jun 5, 2020 7:25am Jun 5, 2020 7:25am
Quoting shahab8b
USDCAD, going for the gap {image}
USDCAD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD 6 2 2020.PNG Size: 56 KB
Click to Enlarge Name: USDCAD 65 2020.PNG Size: 40 KB
  • #6,768
  • Edited 7:47am Jun 5, 2020 7:29am | Edited 7:47am
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}
Nothing new with GU still cooperates with prior analysis, EU in the wide zone, and without large stop loss the trades can be whipsaw...so maybe 30M TF would be more suitable for now.
Added updated EU30M:
Attached Image (click to enlarge)
Click to Enlarge Name: EU06.05.30M.png Size: 66 KB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU06.05.daily.png Size: 72 KB
Click to Enlarge Name: GU06.05.30M.png Size: 80 KB
Click to Enlarge Name: ECHF06.05.daily.png Size: 97 KB
Always trade your own plan...I don't provide trading signals.
  • #6,769
  • Jun 5, 2020 7:39am Jun 5, 2020 7:39am
AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD ending.PNG Size: 73 KB
  • #6,770
  • Jun 5, 2020 7:45am Jun 5, 2020 7:45am
Quoting Coreg2004
{quote} Nothing new with GU still cooperates with prior analysis, EU in the wide zone, and without large stop loss the trades can be whipsaw...so maybe 30M TF would be more suitable for now. Added:{image} {image} {image} {image}
Thanks for your great charts. I wish I had seen that 1.1376 level on EU before. I missed it
  • #6,771
  • Jun 5, 2020 7:54am Jun 5, 2020 7:54am
Quoting Coreg2004
{quote} Nothing new with GU still cooperates with prior analysis, EU in the wide zone, and without large stop loss the trades can be whipsaw...so maybe 30M TF would be more suitable for now. Added updated EU30M:{image} {image} {image} {image}
How did you calculate 1.1376 as ab=cd? I cant get that number
  • #6,772
  • Jun 5, 2020 8:12am Jun 5, 2020 8:12am
Quoting shahab8b
{quote} How did you calculate 1.1376 as ab=cd? I cant get that number
check this link...https://www.forexfactory.com/showthr...5#post12969255
Always trade your own plan...I don't provide trading signals.
  • #6,773
  • Jun 5, 2020 8:26am Jun 5, 2020 8:26am
Quoting Coreg2004
{quote} check this link...https://www.forexfactory.com/showthr...5#post12969255
Ok thanks, 1.27ab=cd, I never used 1.27x on my chart, that's why. I should add it
  • #6,774
  • Edited 9:02am Jun 5, 2020 8:41am | Edited 9:02am
Quoting shahab8b
{quote} UJ long position update {image}
UJ, almost there
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 6 5 2020 2.png Size: 32 KB
  • #6,775
  • Jun 5, 2020 8:45am Jun 5, 2020 8:45am
Quoting shahab8b
{quote} GU, holding the long position, tp 1.27 & 1.285 {image}
tp1 is reached, there is some R around 1.277-80, adjusting tp2
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 6 5 2020 5.png Size: 42 KB
  • #6,776
  • Jun 5, 2020 9:07am Jun 5, 2020 9:07am
Quoting shahab8b
{quote} Ok thanks, 1.27ab=cd, I never used 1.27x on my chart, that's why. I should add it
Bonus...another excerpt from Scott Carney's book "Harmonic trader" to consider ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DX06.05.daily.png Size: 74 KB
Click to Enlarge Name: BullishAlt.less100.PNG Size: 51 KB
Always trade your own plan...I don't provide trading signals.
  • #6,777
  • Jun 5, 2020 9:16am Jun 5, 2020 9:16am
Quoting shahab8b
AUDUSD {image}
AUDUSD
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM30 6 5 2020.png Size: 42 KB
  • #6,778
  • Jun 5, 2020 9:20am Jun 5, 2020 9:20am
Quoting Coreg2004
{quote} Bonus...another excerpt from Scott Carney's book "Harmonic trader" to consider ... {image} {image}
haha, thanks! you are very good at harmonic patterns & EW. I've recently started to calculate my win rate based on the type of setup I used (there are 18 of them) and realized my worst trades are those based on harmonic patterns. that needs improvement.
  • #6,779
  • Jun 5, 2020 9:39am Jun 5, 2020 9:39am
USDCHF, short setup
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF 65 2020.PNG Size: 86 KB
  • #6,780
  • Jun 5, 2020 9:46am Jun 5, 2020 9:46am
Quoting shahab8b
{quote} haha, thanks! you are very good at harmonic patterns & EW. I've recently started to calculate my win rate based on the type of setup I used (there are 18 of them) and realized my worst trades are those based on harmonic patterns. that needs improvement.
shahab8b, I have only 6-9 setups and some of them are complementary to each other (EW/harmonic patterns) weekly/daily range, Sperandeo's 2B is irregular B etc.) ...Maybe different money management will help, for instance, taking partial profit where the pattern can go another way? (check UJ chart below)
Attached Image (click to enlarge)
Click to Enlarge Name: UJ06.05.daily.png Size: 91 KB

For me, the most important thing is to establish a market position atm using this diagram...
Attached Image

Where would you look for Gartley, Bat patterns??? where would you look for Crab, Butterfly or Alt. AB=CD patterns?
Always trade your own plan...I don't provide trading signals.
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