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Weekly COT report Analysis + Trade Ideas

  • #6,901
  • Jul 7, 2020 7:27am Jul 7, 2020 7:27am
GBPUSD, short setup @ 1.2635
Attached Image (click to enlarge)
Click to Enlarge Name: GU n.PNG Size: 88 KB
  • #6,902
  • Jul 7, 2020 8:29am Jul 7, 2020 8:29am
Quoting shahab8b
{quote} EURUSD, long trade update {image}
EURUSD, long trade update, moving sl to b/e
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 772020.png Size: 39 KB
  • #6,903
  • Jul 7, 2020 9:18am Jul 7, 2020 9:18am
Quoting shahab8b
Thanks to Coreg's chart https://www.forexfactory.com/showthr...3#post13044033. I will be going long GBPUSD at 1.2425 (ab=cd) {image}
didn't work that way. very shallow pullback (not even 38.2%)
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.07.1H.png Size: 94 KB
Always trade your own plan...I don't provide trading signals.
  • #6,904
  • Jul 7, 2020 10:05am Jul 7, 2020 10:05am
Quoting Coreg2004
{quote} didn't work that way. very shallow pullback (not even 38.2%) {image}
yes, when I realized it it was already too late for a long trade. My short setup is @ 1.2630 ish
Attached Image (click to enlarge)
Click to Enlarge Name: GU tri.PNG Size: 50 KB
  • #6,905
  • Jul 7, 2020 10:10am Jul 7, 2020 10:10am
USDCAD, short setup
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAd 772020.PNG Size: 65 KB
  • #6,906
  • Jul 7, 2020 10:39am Jul 7, 2020 10:39am
Quoting shahab8b
{quote} yes, when I realized it it was already too late for a long trade. My short setup is @ 1.2630 ish {image}
shahab8b, sometimes even I am lucky...I took this trade as a retracement for 30 pips but wanted to see what happen during NY open and held it to the end of W (iii)...didn't take at (iv) because again of a shallow pullback - only 23.6%-but happy what I got.
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.07.30M.b.png Size: 85 KB
Always trade your own plan...I don't provide trading signals.
  • #6,907
  • Jul 7, 2020 10:51am Jul 7, 2020 10:51am
Quoting shahab8b
{quote} EURUSD {image}
Thanks for the Euro trade yesterday...I caught the second leg down.
Always trade your own plan...I don't provide trading signals.
  • #6,908
  • Jul 7, 2020 10:56am Jul 7, 2020 10:56am
Quoting Coreg2004
{quote} Thanks for the Euro trade yesterday...I caught the second leg down.
sure thing. it truned out to be a good simple setup
  • #6,909
  • Jul 7, 2020 11:00am Jul 7, 2020 11:00am
Quoting Coreg2004
{quote} shahab8b, sometimes even I am lucky...I took this trade as a retracement for 30 pips but wanted to see what happen during NY open and held it to the end of W (iii)...didn't take at (iv) because again of a shallow pullback - only 23.6%-but happy what I got. {image}
if you go with 1-2-3-4-5 from 1.2250, what is your target for wave 5?
  • #6,910
  • Jul 7, 2020 11:14am Jul 7, 2020 11:14am
Quoting shahab8b
{quote} if you go with 1-2-3-4-5 from 1.2250, what is your target for wave 5?
IMO it's a correction (overlapping sections-abcde), so I wait for AB=CD (my favored pattern) to short and I will play weekly range extension.
Attached Image (click to enlarge)
Click to Enlarge Name: EU07.07.60M.png Size: 81 KB

In the EU case, I want DX to be on my side (euro is weighted in DX at 58%)
Attached Image (click to enlarge)
Click to Enlarge Name: DX07.07.daily.png Size: 69 KB
Always trade your own plan...I don't provide trading signals.
  • #6,911
  • Jul 7, 2020 11:17am Jul 7, 2020 11:17am
Quoting Coreg2004
{quote} IMO it's a correction (overlapping sections-abcde), so I wait for AB=CD (my favored pattern) to short and I will play weekly range extension. {image}
thanks for the EU chart. But I was asking about GU.
  • #6,912
  • Jul 7, 2020 12:39pm Jul 7, 2020 12:39pm
Quoting shahab8b
{quote} thanks for the EU chart. But I was asking about GU.
Sorry, sometimes I write quicker than I think (damn charts mess with my head...)...Still, 2 valid patterns in play until high at (i) is taken out (possibly) ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU07.07.daily..png Size: 93 KB
Click to Enlarge Name: GU07.07.daily.b.png Size: 96 KB
Always trade your own plan...I don't provide trading signals.
  • #6,913
  • Jul 7, 2020 1:21pm Jul 7, 2020 1:21pm
Quoting Coreg2004
{quote} Sorry, sometimes I write quicker than I think (damn charts mess with my head...)...Still, 2 valid patterns in play until high at (i) is taken out (possibly) ... {image} {image}
Thanks for the great charts Coreg. I am thinking the second bullish count as well.
  • #6,914
  • Jul 7, 2020 1:22pm Jul 7, 2020 1:22pm
We still deal with unfolding (i)-(v) pattern for today ...until the chart tells us clearly that pattern is completed. 1.25953 (1.618 green dash line) is the end of (iii) or (V) depends on how you label (ii)-(iii) move on smaller TF
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.07.15M.png Size: 87 KB
Always trade your own plan...I don't provide trading signals.
  • #6,915
  • Jul 7, 2020 1:36pm Jul 7, 2020 1:36pm
My view on GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDbM155.png Size: 25 KB
  • #6,916
  • Jul 8, 2020 7:08am Jul 8, 2020 7:08am
Quoting Halfcents
My view on GBPUSD {image}
good call
  • #6,917
  • Jul 8, 2020 7:42am Jul 8, 2020 7:42am
GBPUSD, long setup @ 1.2510-1.2520, sl below 1.25, tp 1.2630, where I go short
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 782020.png Size: 28 KB
  • #6,918
  • Edited 9:14am Jul 8, 2020 8:35am | Edited 9:14am
Quoting shahab8b
USDCAD, short setup {image}
USDCAD, short trade update
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1 782020.png Size: 35 KB
  • #6,919
  • Jul 8, 2020 8:59am Jul 8, 2020 8:59am
EURUSD, long setup @ 1.13-1.129, in case of any pull back today
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30.png Size: 32 KB
  • #6,920
  • Jul 8, 2020 9:23am Jul 8, 2020 9:23am
EURUSD, ab=cd short setup
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 abcd.png Size: 36 KB
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