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Weekly COT report Analysis + Trade Ideas

  • #7,441
  • Edited 7:45am Aug 16, 2020 5:39am | Edited 7:45am
Hi C ,what do you think of this long triangle situ I noticed on my charts going into a major area ,where it would sell off to 1 next if that was 3

also other idea abc next hits tl ?either way wave 3 is done
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot 2020-08-16 at 11.35.26.png Size: 78 KB
Click to Enlarge Name: GBPUSD-Daily.png Size: 67 KB
Click to Enlarge Name: abc GBPUSD-Daily.png Size: 58 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,442
  • Aug 16, 2020 9:35am Aug 16, 2020 9:35am
Quoting Bones
Hi C ,what do you think of this long triangle situ I noticed on my charts going into a major area ,where it would sell off to 1 next if that was 3 also other idea abc next hits tl ?either way wave 3 is done {image} {image} {image}
Yes, Bones, your scenario is very much in play right now...In my previous post, I talked about how I apply TL's to my method of trading. Of course, it's perfectly fine to run TL hooked to HL or LH on any TF regardless of what EW theory is suggesting...stay sharp as always...
Always trade your own plan...I don't provide trading signals.
  • #7,443
  • Aug 16, 2020 9:51am Aug 16, 2020 9:51am
It's only I'd rather it hit the tl like that ,I had that tl like your channel as my chart and indeed it has respected that line but I'm doubting it ,let's see how we open .
Also if it will open bullish I'm thinking could be up .Thanks for you're help, I'm likely to post silly ideas on wave, because I'm blind to them for some reason.

Quoting Coreg2004
{quote} Yes, Bones, your scenario is very much in play right now...In my previous post, I talked about how I apply TL's to my method of trading. Of course, it's perfectly fine to run TL hooked to HL or LH on any TF regardless of what EW theory is suggesting...stay sharp as always...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,444
  • Edited 10:48am Aug 16, 2020 10:33am | Edited 10:48am
Special thanks to Coreg and Bones for detailed analysis of GU over the weekend.
  • #7,445
  • Aug 16, 2020 10:39am Aug 16, 2020 10:39am
This is my framework on market conditions/cycles. I am providing GU as a example of my thought process.

I see GU in a consolidation between 1.30 and 1.3180. I expect a breakout and trend continuation, but that's just one possible outcome. If it breaks 1.30 and goes lower, I'll think of it as a correction or even a short term downtrend.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU cycle.PNG Size: 192 KB
  • #7,446
  • Aug 16, 2020 10:46am Aug 16, 2020 10:46am
DXY is held up at this Bearish SW zone. This might be one of the contributing factors GBPUSD is failing to fall. I will consider a break of the zone before getting into full SELL MODE on GBPUSD

But at the moment, DXY is looking more bearish to the south.
Attached Image (click to enlarge)
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Le$$ I$ More
  • #7,447
  • Aug 17, 2020 7:36am Aug 17, 2020 7:36am
Quoting Coreg2004
{quote} ... {image} {image}
update...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.08.17.30M.png Size: 72 KB
Always trade your own plan...I don't provide trading signals.
  • #7,448
  • Aug 17, 2020 7:51am Aug 17, 2020 7:51am
NZDUSD, long setup
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  • #7,449
  • Aug 17, 2020 7:56am Aug 17, 2020 7:56am
Quoting Coreg2004
{quote} update... {image}
Thanks for the chart Coreg. I went short again. I see UJ going below 104
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1 8172020.png Size: 35 KB
  • #7,450
  • Aug 17, 2020 7:59am Aug 17, 2020 7:59am
Quoting shahab8b
NZDUSD, long setup {image}
I'm long NU, with a 2nd pending buy @ 0.65
  • #7,451
  • Aug 17, 2020 8:31am Aug 17, 2020 8:31am
GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GU 817.PNG Size: 88 KB
  • #7,452
  • Aug 17, 2020 8:50am Aug 17, 2020 8:50am
Quoting shahab8b
{quote} Thanks for the chart Coreg. I went short again. I see UJ going below 104 {image}
shahab8b...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ.08.17.60M.png Size: 88 KB
Always trade your own plan...I don't provide trading signals.
  • #7,453
  • Aug 17, 2020 8:52am Aug 17, 2020 8:52am
Quoting shahab8b
EURUSD, long trade {image}
EURUSD, long trade update, moved sl to +20
Attached Image (click to enlarge)
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  • #7,454
  • Aug 17, 2020 9:00am Aug 17, 2020 9:00am
USDCHF, pending buy @ .90
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  • #7,455
  • Edited 10:22am Aug 17, 2020 10:11am | Edited 10:22am
AUDUSD, intraday short setup, it's rejected nicely at 100% ADR.
Attached Image (click to enlarge)
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  • #7,456
  • Aug 17, 2020 10:43am Aug 17, 2020 10:43am
On GU price keep rejecting the DOP and SW zone... Waiting to see how the day will close.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Aug 17 15-41-12.png Size: 95 KB
Le$$ I$ More
  • #7,457
  • Aug 17, 2020 4:05pm Aug 17, 2020 4:05pm
Quoting Roszey
On GU price keep rejecting the DOP and SW zone... Waiting to see how the day will close. {image}
It will be choppy price action as long as GU is stuck in that consolidation. I just buy the dips against 1.30
  • #7,458
  • Aug 17, 2020 4:48pm Aug 17, 2020 4:48pm
Quoting shahab8b
{quote} It will be choppy price action as long as GU is stuck in that consolidation. I just buy the dips against 1.30
The pair keeps printing Higher Lows
Le$$ I$ More
  • #7,459
  • Aug 18, 2020 5:15am Aug 18, 2020 5:15am
Entered at a bad price. But still good to ride the trend....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot at Aug 18 10-12-41.png Size: 82 KB
Le$$ I$ More
  • #7,460
  • Aug 18, 2020 6:06am Aug 18, 2020 6:06am
Quoting shahab8b
This is my framework on market conditions/cycles. I am providing GU as a example of my thought process. I see GU in a consolidation between 1.30 and 1.3180. I expect a breakout and trend continuation, but that's just one possible outcome. If it breaks 1.30 and goes lower, I'll think of it as a correction or even a short term downtrend. {image} {image}
GBPUSD, long trade update, moved sl to 1.311
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 8182020.png Size: 42 KB
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