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Weekly COT report Analysis + Trade Ideas

  • #7,701
  • Sep 3, 2020 4:01pm Sep 3, 2020 4:01pm
here is the free Ebook, if someone is too lazy to download it from the website.
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File Type: pdf A.J.-Frost--Robert-Prechter---Elliott-Wave-Principle.pdf   1.7 MB | 651 downloads
  • #7,702
  • Sep 3, 2020 4:07pm Sep 3, 2020 4:07pm
Quoting shahab8b
here is the free Ebook, if someone is too lazy to download it from the website. {image}
got this one too...https://www.forexfactory.com/thread/...1#post11863301
Always trade your own plan...I don't provide trading signals.
  • #7,703
  • Sep 3, 2020 4:10pm Sep 3, 2020 4:10pm
EU, daily, it closed relatively bullish imo. off the S (1.18) and rising TL, I don't see this immediately bearish atm. more like going up again. If it breaks below 1.18, and TL, it will change the technical picture and become more of a serious bearish case
Attached Image (click to enlarge)
Click to Enlarge Name: EU 93 d.PNG Size: 114 KB
  • #7,704
  • Sep 3, 2020 4:21pm Sep 3, 2020 4:21pm
GBPUSD, daily, it looks bearish atm, probably will challenge 1.32 S zone
Attached Image (click to enlarge)
Click to Enlarge Name: GU 93 2020.PNG Size: 71 KB
  • #7,705
  • Sep 3, 2020 4:59pm Sep 3, 2020 4:59pm
Quoting shahab8b
{quote} yes, that and the diagonal pattern. but those patterns are tricky, you never know when they end. {image}
shahab8b, it's easier for me to post my EW analysis because I have the ability to communicate with traders in real-time...The dollar chart is a good example. For instance, since late April I subscribed to your way of thinking and changed my labeling and mark triangle as a W-2 or W-B...At the end of July, I didn't see any 5 waves structure in the move from (iv) to potential (v) so I waited. In mid-August, I was looking for an ending diagonal to finish (v) showing in my charts which level should be reached to complete this wave. Besides, I don't stay in the trade for the long term so it's easier for me to adjust because I trade only part of the move e.g. W-3 or W-C. Many aspects influence correct trading based on EW, one of them IMO is to concentrate on "what you are looking for" atm, is it W-2 or W-b? etc. ...It's a very broad topic, if I had better writing skills I would write a book... how to successfully trade using EWP. For now, let stay with what we are doing in your thread because I believe even the most sophisticated "bankers" would find many good and profitable setups here.
Attached Image (click to enlarge)
Click to Enlarge Name: DX. 09.03.daily.png Size: 79 KB
Always trade your own plan...I don't provide trading signals.
  • #7,706
  • Sep 3, 2020 5:22pm Sep 3, 2020 5:22pm
Quoting Coreg2004
{quote} shahab8b, it's easier for me to post my EW analysis because I have the ability to communicate with traders in real-time...The dollar chart is a good example. For instance, since late April I subscribed to your way of thinking and changed my labeling and mark triangle as a W-2 or W-B...At the end of July, I didn't see any 5 waves structure in the move from (iv) to potential (v) so I waited. In mid-August, I was looking for an ending diagonal to finish (v) showing in my charts which level should be reached to complete this wave. Besides, I...
Excellent post Coreg.

I have a question about your diagonal labeling, I'm going with ending diagonal wave count (1-5) as its easier for me. I see you have different labeling on EU and DXY, DXY seems it's done and ready for correction, EU needs another leg up as "e". What's your conclusion?

BTW, you should definitely write a book on practical trading using EW. The literature out there is lacking.
  • #7,707
  • Sep 3, 2020 6:37pm Sep 3, 2020 6:37pm
Quoting shahab8b
{quote} it's the right play, good luck
seems au will achieve 0.72)
Like your wife says, hold the fucking position until I tell you I'm done.
  • #7,708
  • Sep 4, 2020 5:53am Sep 4, 2020 5:53am
Quoting vowan4ik
{quote} good trade) I'm buy this pair H4{image} Daily{image} If i right, maybe will fixed half of trade on a TP level. And then i'll remove tp. But i maybe wrong Trade safe
took almost all profit from this trade andd left 0.01 for fun
shahab8b was right. 0.72 wil hit soon
after 0.72 will buy
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 24 KB
Like your wife says, hold the fucking position until I tell you I'm done.
  • #7,709
  • Sep 4, 2020 5:55am Sep 4, 2020 5:55am
GU h4
the inverted H&S pattern and the bearish flag tested the neckline
Attached Image
Like your wife says, hold the fucking position until I tell you I'm done.
  • #7,710
  • Sep 4, 2020 6:44am Sep 4, 2020 6:44am
I think theres a similar set up on stocks ,this weekly is sensitive to that space.
When the fed did buy anything they paid the price of the original entry when price was low.Price retuned to the start....
This chart is also side without the break up on what looks like a great trend monthly tf.
Connected to the $ outlook
Who know what the FED are up to at the moment but they have to unwind at some point.
Attached Image (click to enlarge)
Click to Enlarge Name: DJI-Weekly.png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,711
  • Sep 4, 2020 7:28am Sep 4, 2020 7:28am
Let see if/how big NFP news affects EW count...I'm not in the market right now...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.04.60M.png Size: 111 KB
Always trade your own plan...I don't provide trading signals.
  • #7,712
  • Sep 4, 2020 8:02am Sep 4, 2020 8:02am
weekly is bearish as is ,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1 GBPUSD-Weekly.png Size: 18 KB
Click to Enlarge Name: GBPUSD-3-weeks.png Size: 31 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,713
  • Sep 4, 2020 8:15am Sep 4, 2020 8:15am
Attached Image (click to enlarge)
Click to Enlarge Name: 3 DX-Monthly.png Size: 44 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,714
  • Sep 4, 2020 8:18am Sep 4, 2020 8:18am
Quoting Coreg2004
Let see if/how big NFP news affects EW count...I'm not in the market right now... {image}
Great chart Coreg.

I see some S around 1.32, confluence of round number, R turned S and fib 0.61, it may bounce a little from here
Attached Image (click to enlarge)
Click to Enlarge Name: GU 94.PNG Size: 79 KB
  • #7,715
  • Sep 4, 2020 8:23am Sep 4, 2020 8:23am
Quoting Bones
weekly is bearish as is , {image} {image}
yes, super bearish, and it's at the right place.
  • #7,716
  • Sep 4, 2020 8:23am Sep 4, 2020 8:23am
Quoting shahab8b
{quote} Excellent post Coreg. I have a question about your diagonal labeling, I'm going with ending diagonal wave count (1-5) as its easier for me. I see you have different labeling on EU and DXY, DXY seems it's done and ready for correction, EU needs another leg up as "e". What's your conclusion? BTW, you should definitely write a book on practical trading using EW. The literature out there is lacking.
shahab8b, I knew you won't miss anything...there is a possible alternate count that's why I marked this diagonal wave with 3 question marks (???)...trading should be done and wave count follows on smaller TF...
Always trade your own plan...I don't provide trading signals.
  • #7,717
  • Sep 4, 2020 8:27am Sep 4, 2020 8:27am
Quoting shahab8b
{quote} Great chart Coreg. I see some S around 1.32, confluence of round number, R turned S and fib 0.61, it may bounce a little from here {image}
shahab8b, if doesn't stop at 61.8% ret of the last move up we always have reliable daily range ext. S#it too late ....
Always trade your own plan...I don't provide trading signals.
  • #7,718
  • Sep 4, 2020 8:49am Sep 4, 2020 8:49am
shahab8b, have you seen the videos on elliottwave.com yesterday?...today would be very helpful...
Attached Image (click to enlarge)
Click to Enlarge Name: GU 09.04.5M.png Size: 70 KB
Always trade your own plan...I don't provide trading signals.
  • #7,719
  • Sep 4, 2020 9:01am Sep 4, 2020 9:01am
The 3 week view agrees thats a top
so considering what I think next ,this could be wave 1 of 5 ,I'm a complete novice on waves pay no regard.
any retrace of that 3 week is wave 2, close anywhere near 3100 seals the deal ,it's official ,it's a top
Isn't that where wave 1 would go next 13100 as drawing.
I totally see why Coreg is not happy with what Id say must be 4 on the up impulse.
Attached Image (click to enlarge)
Click to Enlarge Name: 1 GBPUSD-3-weeks.png Size: 34 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #7,720
  • Sep 4, 2020 9:12am Sep 4, 2020 9:12am
Quoting Bones
The 3 week view agrees thats a top so considering what I think next ,this could be wave 1 of 5 ,I'm a complete novice on waves pay no regard. any retrace of that 3 week is wave 2, close anywhere near 3100 seals the deal ,it's official ,it's a top Isn't that where wave 1 would go next 13100 as drawing. I totally see why Coreg is not happy with what Id say must be 4 on the up impulse. {image}
Bones, the TF is too big for me, I am the guy who trades moves of 30-60 pips...the biggest TF's I follow are daily and 2H...Whatever works for you I am happy. There is a holy grail for everyone. We need only to find it.
Always trade your own plan...I don't provide trading signals.
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