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Weekly COT report Analysis + Trade Ideas

  • #8,201
  • Sep 30, 2020 12:53pm Sep 30, 2020 12:53pm
Quoting Alorente
{quote} Very important: Unless EU rallies in the final hours, it will close the month with a Key Reversal candle. Over the years, I have had great success trading Key Reversal bars. This one is especially important, being a monthly candle. This brings to mind another monthly key reversal candle EU had in May 2014 which led to big profits.
Al, don't forget about the Aussie. It seems RBA is going to cut interest rates https://www.afr.com/markets/debt-mar...0200925-p55z9h
I'll be selling the rallies, ideally between 0.72 and 0.7250
  • #8,202
  • Sep 30, 2020 1:06pm Sep 30, 2020 1:06pm
SPX
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  • #8,203
  • Sep 30, 2020 1:20pm Sep 30, 2020 1:20pm
Quoting shahab8b
SPX {image}
thanks for that
  • #8,204
  • Sep 30, 2020 4:59pm Sep 30, 2020 4:59pm
USDCAD, possible short & long setup
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  • #8,205
  • Edited Oct 1, 2020 4:14am Sep 30, 2020 10:29pm | Edited Oct 1, 2020 4:14am
hello shahab8b Sir.

I've been watching this blog for a long time,

it's nice to see how you do a simple analysis with clean, clear charts explanation

your solid technical foundation inspires many people including me to explore fx from any source.

here is my first post in your blog

please correct my post with your technical analysis, my teacher

GA H1

PS. HIT TP..
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  • #8,206
  • Sep 30, 2020 10:38pm Sep 30, 2020 10:38pm
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  • #8,207
  • Oct 1, 2020 1:50am Oct 1, 2020 1:50am
Quoting shahab8b
{quote} Al, don't forget about the Aussie. It seems RBA is going to cut interest rates https://www.afr.com/markets/debt-mar...0200925-p55z9h I'll be selling the rallies, ideally between 0.72 and 0.7250
Thank you Shahab. I am keeping an eye on it.
Observation is the path to discovery.
  • #8,208
  • Oct 1, 2020 2:57am Oct 1, 2020 2:57am
Quoting shahab8b
{quote} Al, don't forget about the Aussie. It seems RBA is going to cut interest rates https://www.afr.com/markets/debt-mar...0200925-p55z9h I'll be selling the rallies, ideally between 0.72 and 0.7250
Shahab, do you ever use market orders to enter or exit positions, or do you always use limit orders to enter and preset TPs for exit?

Also, how far back do you usually trail your positions? 3 H4 candles?
Observation is the path to discovery.
  • #8,209
  • Oct 1, 2020 3:04am Oct 1, 2020 3:04am
This is how my DXY Daily channel is looking. It seems very probable that there will soon be a break to the upside. Probably this week or early next. That break should bring EU down to 1.1500
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Observation is the path to discovery.
  • #8,210
  • Oct 1, 2020 4:54am Oct 1, 2020 4:54am
my next entry, Dollar/Yen
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  • #8,211
  • Oct 1, 2020 5:08am Oct 1, 2020 5:08am
EG, resistance zone, new low perform below..
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  • #8,212
  • Oct 1, 2020 5:17am Oct 1, 2020 5:17am
EURUSD, holding long trade for now. I will be looking for a possible short setup between 1.1775 to 1.8025. Invalidation is a close above 1.1875 based on the daily chart.
Attached Image (click to enlarge)
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  • #8,213
  • Oct 1, 2020 5:19am Oct 1, 2020 5:19am
Quoting meugampong
hello shahab8b Sir. I've been watching this blog for a long time, it's nice to see how you do a simple analysis with clean, clear charts explanation your solid technical foundation inspires many people including me to explore fx from any source. here is my first post in your blog please correct my post with your technical analysis, my teacher GA H1 PS. HIT TP.. {image}
Hi there, you're doing well with your trade. good job!
  • #8,214
  • Oct 1, 2020 5:37am Oct 1, 2020 5:37am
Quoting Alorente
{quote} Shahab, do you ever use market orders to enter or exit positions, or do you always use limit orders to enter and preset TPs for exit? Also, how far back do you usually trail your positions? 3 H4 candles?
I use both limit orders and market orders. When I have confidence in a setup like confluence of a round number, S/R and fib levels, I will use limit orders. Otherwise, I will get my entry based on M1 around the level that I have identified in advance.

For trailing positions, it depends on the trade time frame and the pa. If there is a vertical move, I trail 1 candle back. Otherwise 3-4 candles back depending on the S/R levels on the chart.
  • #8,215
  • Oct 1, 2020 5:49am Oct 1, 2020 5:49am
GBPUSD, I don't have a directional bias atm. I'll consider the following levels for possible long or short setups. : S @ 1.28, R @ 1.29-1.2950 and 1.30
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  • #8,216
  • Edited 9:08am Oct 1, 2020 6:39am | Edited 9:08am
Quoting shahab8b
USDCAD, possible short & long setup {image}
shabab8b sir
usd/cad seem not have an extra energy yet to go higher on the upward side, based on that, I decided to short entry,
SL installed and hopefully TP

manual close, switch
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  • #8,217
  • Oct 1, 2020 6:45am Oct 1, 2020 6:45am
Quoting shahab8b
{quote} Hi there, you're doing well with your trade. good job!
Attached Image
  • #8,218
  • Oct 1, 2020 7:49am Oct 1, 2020 7:49am
EurUsd is struggling against the 1.1765 level which is the 38.2 Fib retracement of the drop that began on 9/1. It may start the drop from here. WeŽll see...

GBPUSD is struggling against the 129.80 level which is also the 38.2% Fib retracement.
Observation is the path to discovery.
  • #8,219
  • Oct 1, 2020 8:54am Oct 1, 2020 8:54am
GBPUSD, some wild movements so I tried scalping on M1.
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  • #8,220
  • Oct 1, 2020 9:05am Oct 1, 2020 9:05am
Quoting shahab8b
GBPUSD, some wild movements so I tried scalping on M1. {image}
How about EURUSD bro? Can you explain current chart? I need other perspective to make other scenarios
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