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Weekly COT report Analysis + Trade Ideas

  • #6,921
  • Jul 8, 2020 9:48am Jul 8, 2020 9:48am
Gold, 1825
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  • #6,922
  • Jul 8, 2020 11:18am Jul 8, 2020 11:18am
EURUSD, I don't like when these reversal patterns happen in the middle of a move, but one cannot ignore the resemblance of this pattern to a saucer pattern.
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  • #6,923
  • Jul 8, 2020 11:34am Jul 8, 2020 11:34am
Quoting Coreg2004
{quote} didn't work that way. very shallow pullback (not even 38.2%) {image}
a correction was deeper than I expected but still within the pattern (price didn't close inside (I) on a daily bases)...but ...it is what it is.
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Always trade your own plan...I don't provide trading signals.
  • #6,924
  • Jul 8, 2020 11:38am Jul 8, 2020 11:38am
Quoting Coreg2004
{quote} a correction was deeper than I expected but still within the pattern (price didn't close inside (I) on a daily bases)...but ...it is what it is. {image}
You did the perfect trade. I was trying to go long based on the bullish flag, but I didn't get my entry. now waiting on my sell setup @ 1.2630-35
  • #6,925
  • Jul 8, 2020 11:50am Jul 8, 2020 11:50am
Quoting Coreg2004
{quote} a correction was deeper than I expected but still within the pattern (price didn't close inside (I) on a daily bases)...but ...it is what it is. {image}
I was looking at the fib extension on 5 min chart, and on two different MT4 platform I got this. isn't it weird?
never mind, I found the reason, different prices. Based on OANDA price, it gives accurate calculation for ab=cd but the other broker does not. It's really annoying.
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  • #6,926
  • Jul 8, 2020 11:59am Jul 8, 2020 11:59am
Quoting shahab8b
{quote} You did the perfect trade. I was trying to go long based on the bullish flag, but I didn't get my entry. now waiting on my sell setup @ 1.2630-35
thanks, but it took me 2 entries. Yesterday during the Tokyo session I bailed out and today morning I entered the trade later than I would like...that's the discretionary trading ...make a decision and live with it. Ok, I registered your levels (AB=CD)
Always trade your own plan...I don't provide trading signals.
  • #6,927
  • Jul 8, 2020 12:10pm Jul 8, 2020 12:10pm
GBPUSD, short setup, I've been waiting for this for the sometime now, it will be a good trade, S now R @ 1.2630-35 and now ab=cd!
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  • #6,928
  • Jul 8, 2020 12:44pm Jul 8, 2020 12:44pm
Quoting shahab8b
USDCAD, short setup {image}
USDCAD, almost there
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  • #6,929
  • Jul 8, 2020 12:47pm Jul 8, 2020 12:47pm
Quoting shahab8b
GBPUSD, short setup, I've been waiting for this for the sometime now, it will be a good trade, S now R @ 1.2630-35 and now ab=cd! {image} {image}
agree with you 100%
  • #6,930
  • Jul 8, 2020 12:57pm Jul 8, 2020 12:57pm
Quoting shahab8b
GBPUSD, short setup, I've been waiting for this for the sometime now, it will be a good trade, S now R @ 1.2630-35 and now ab=cd! {image} {image}
shahab8b, check W_5=W_1 on my chart 1.2626 important level for the end of W_5...no FOMO yet?...
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #6,931
  • Jul 8, 2020 1:07pm Jul 8, 2020 1:07pm
Quoting Coreg2004
{quote} shahab8b, check W_5=W_1 on my chart 1.2626 important level for the end of W_5...no FOMO yet?... {image}
Thanks for the chart Coreg. Yes, it's in the sell zone above 1.2615, ideally 1.2630, but I can take 1.2626!
  • #6,932
  • Jul 8, 2020 1:36pm Jul 8, 2020 1:36pm
Quoting shahab8b
{quote} Thanks for the chart Coreg. Yes, it's in the sell zone above 1.2615, ideally 1.2630, but I can take 1.2626!
It's W_5 diagonal, God knows when it ends ...maybe we catch daily range ext. @1.26455? check DX chart, it doesn't look as of right now it will stop soon... 3 pm important hour ...just the thought to cover more bases.
Always trade your own plan...I don't provide trading signals.
  • #6,933
  • Jul 8, 2020 1:47pm Jul 8, 2020 1:47pm
Quoting Coreg2004
{quote} It's W_5 diagonal, God knows when it ends ...maybe we catch daily range ext. @1.26455? check DX chart, it doesn't look as of right now it will stop soon... 3 pm important hour ...just the thought to cover more bases.
yes, I've noticed it, an ending diagonal, it will finish soon
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  • #6,934
  • Jul 8, 2020 11:53pm Jul 8, 2020 11:53pm
Gold trade plan
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  • #6,935
  • Edited 1:19am Jul 9, 2020 12:58am | Edited 1:19am
GBPJPY trade plan (will be watching PA from where price is)
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  • #6,936
  • Jul 9, 2020 7:19am Jul 9, 2020 7:19am
Quoting shahab8b
GBPUSD, short setup, I've been waiting for this for the sometime now, it will be a good trade, S now R @ 1.2630-35 and now ab=cd! {image} {image}
GBPUSD, short trade update, I was expecting a drop, but nothing yet. I'll close if it goes above 1.2688
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  • #6,937
  • Jul 9, 2020 8:26am Jul 9, 2020 8:26am
EURUSD, long setup @ 1.130, tp 1.1388 ab=cd
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  • #6,938
  • Jul 9, 2020 9:24am Jul 9, 2020 9:24am
USDCAD, double bottom H1, long setup
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  • #6,939
  • Jul 9, 2020 9:45am Jul 9, 2020 9:45am
Quoting shahab8b
{quote} GBPUSD, short trade update, I was expecting a drop, but nothing yet. I'll close if it goes above 1.2688 {image}
GBPUSD, short trade update, moving sl to above 1.2667
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  • #6,940
  • Jul 9, 2020 9:57am Jul 9, 2020 9:57am
Quoting shahab8b
USDCAD, double bottom H1, long setup {image}
USDCAD, long trade update
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