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Weekly COT report Analysis + Trade Ideas

  • #7,161
  • Jul 28, 2020 10:01am Jul 28, 2020 10:01am
Each of the major currencies had a go on the USD one at a time. At first it was the Aussie, then came the euro and the Swiss. Now the yen and the pound are taking their time.
  • #7,162
  • Edited 10:23am Jul 28, 2020 10:09am | Edited 10:23am
Hi ,I think that top tl comes from that swing low to the pip on weekly, anyway thats 3 point then,
tl is only confluence,
I admit these days it's hard to find one in a none long term trending market like cable.
EU is at its major down line.12,970 is the number to watch maybe
probably correction based on monthly candle


Quoting Coreg2004
{quote} GU close to Target #2...I still didn't figure out why @Bones has such high confidence in his TL (yes, I understand their significance) but he matches my method perfectly...unreal... {image}
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-Weeklycore.png Size: 57 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,163
  • Jul 28, 2020 10:12am Jul 28, 2020 10:12am
Quoting Coreg2004
{quote} I am a little bit surprised that UCHF daily doesn't match DXY so far...any bounce should give 30 pips...I wait...on positive note, GU cooperates today without any adjustment {image}
Yes, the GU long trade is looking good
  • #7,164
  • Jul 28, 2020 10:42am Jul 28, 2020 10:42am
Quoting shahab8b
{quote} Yes, the GU long trade is looking good
I more push for today...
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.28.15M..png Size: 89 KB
Always trade your own plan...I don't provide trading signals.
  • #7,165
  • Jul 28, 2020 12:44pm Jul 28, 2020 12:44pm
Quoting Coreg2004
{quote} I more push for today... {image}
yea, hopefully it gets to 1.30 before FOMC tomorrow. I wanna reduce exposure, too many trades running atm
  • #7,166
  • Jul 28, 2020 12:51pm Jul 28, 2020 12:51pm
Quoting shahab8b
{quote} yea, hopefully it gets to 1.30 before FOMC tomorrow. I wanna reduce exposure, too many trades running atm
shahab8b, yeah, I was contemplating to open short (GU) after 5th diagonal completes, but it's a possibility (strong) that Tokyo session might be boring before FOMC meeting...
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.28.5M..png Size: 68 KB
Always trade your own plan...I don't provide trading signals.
  • #7,167
  • Jul 28, 2020 1:00pm Jul 28, 2020 1:00pm
Quoting Coreg2004
{quote} shahab8b, yeah, I was contemplating to open short (GU) after 5th diagonal completes, but it's a possibility (strong) that Tokyo session might be boring before FOMC meeting... {image}
sounds good, my plan is to short it higher, I have pending sell @ 1.3
  • #7,168
  • Jul 28, 2020 1:30pm Jul 28, 2020 1:30pm
Quoting shahab8b
{quote} sounds good, my plan is to short it higher, I have pending sell @ 1.3
You might miss 1.3 by a hair...and I am small fish but I love days when 3rd (today-80% of daily ATR(14)) wave starts @8 am NY time
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.28.5M.b.png Size: 73 KB
Always trade your own plan...I don't provide trading signals.
  • #7,169
  • Jul 28, 2020 1:42pm Jul 28, 2020 1:42pm
Quoting Coreg2004
{quote} You might miss 1.3 by a hair...and I am small fish but I love days when 3rd (today-80% of daily ATR(14)) wave starts @8 am NY time {image}
I know, but I have short EU and long UCHF and UCAD, all counter trend, so try to keep the balance with long GU and short UJ.
  • #7,170
  • Jul 28, 2020 1:46pm Jul 28, 2020 1:46pm
Quoting Coreg2004
{quote} You might miss 1.3 by a hair...and I am small fish but I love days when 3rd (today-80% of daily ATR(14)) wave starts @8 am NY time {image}
Also, I'm going with this
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 5th.png Size: 30 KB
  • #7,171
  • Jul 28, 2020 3:09pm Jul 28, 2020 3:09pm
Quoting shahab8b
{quote} Also, I'm going with this {image}
shahab8b, as long as ratios between waves are correct any labeling is OK (also 5th might be 12345 and not diagonal)...besides 1.3 is a magnet which will pull the price toward it...I admire anyone who can trade more than 3 pairs at the same time...maybe if I jump to higher TF I would be able too??? never tried.
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.28.15M.b.png Size: 85 KB
Always trade your own plan...I don't provide trading signals.
  • #7,172
  • Jul 28, 2020 3:36pm Jul 28, 2020 3:36pm
Quoting Coreg2004
{quote} shahab8b, as long as ratios between waves are correct any labeling is OK (also 5th might be 12345 and not diagonal)...besides 1.3 is a magnet which will pull the price toward it...I admire anyone who can trade more than 3 pairs at the same time...maybe if I jump to higher TF I would be able too??? never tried. {image}
Yes, using higher tf will help. atm, my UJ and UCHF trades are based on higher tf, and I'm scalping EU. Also, I add new trades when I move sl to b/e or small profit on older trades, so I don't think about them anymore.
  • #7,173
  • Jul 28, 2020 6:09pm Jul 28, 2020 6:09pm
DXY
Attached Image (click to enlarge)
Click to Enlarge Name: dxy 728.PNG Size: 228 KB
  • #7,174
  • Jul 29, 2020 4:03am Jul 29, 2020 4:03am
Quoting shahab8b
{quote} Nice chart Coreg. My target is 1.30 {image}
GBPUSD, on its way to the target @ 1.30. possible short setup @ 1.30
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 729220.png Size: 37 KB
  • #7,175
  • Jul 29, 2020 5:10am Jul 29, 2020 5:10am
Well I left my sell ideas and went long
Attached Image (click to enlarge)
Click to Enlarge Name: 2A4CBCDC-FD5A-4047-A230-2BDA6C422782.jpeg Size: 453 KB
Le$$ I$ More
  • #7,176
  • Jul 29, 2020 6:02am Jul 29, 2020 6:02am
Quoting Roszey
Well I left my sell ideas and went long {image}
Nice trades Roszey. I'm gonna reduce exposure before FOMC. it can go either way
  • #7,177
  • Jul 29, 2020 6:30am Jul 29, 2020 6:30am
EURUSD, a break of the TL and S zone around 1.1680-1.1700 can turn the bias bearish short term
Attached Image (click to enlarge)
Click to Enlarge Name: EU h1.PNG Size: 63 KB
  • #7,178
  • Jul 29, 2020 7:43am Jul 29, 2020 7:43am
Quoting shahab8b
{quote} GBPUSD, on its way to the target @ 1.30. possible short setup @ 1.30 {image}
shahab8b, every broker, every MM knows you want to go short @1.3 so they will drive the price to 1.2990 and then drop it...
Attached Image (click to enlarge)
Click to Enlarge Name: GU07.29.30M..png Size: 86 KB
Always trade your own plan...I don't provide trading signals.
  • #7,179
  • Jul 29, 2020 7:48am Jul 29, 2020 7:48am
Quoting Coreg2004
{quote} shahab8b, every broker, every MM knows you want to go short @1.3 so they will drive the price to 1.2990 and then drop it... {image}
yea, its very likely
  • #7,180
  • Jul 29, 2020 7:51am Jul 29, 2020 7:51am
EURUSD, possible bullish triangle formation. I'm not planning to go long though
Attached Image (click to enlarge)
Click to Enlarge Name: EU tri 729.PNG Size: 81 KB
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