Weekly COT report Analysis + Trade Ideas | Page 417 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

COT report... futures or futures and options report? 11 replies

EA, GA, GCAD, GJ, GN - Analysis and trade ideas 11 replies

Cot - Report in application to the Forex 2 replies

Fundamental Analysis - Trade Ideas 2 replies

COT report 1 reply

Attachments: Weekly COT report Analysis + Trade Ideas
Exit Attachments

Weekly COT report Analysis + Trade Ideas

  • #8,321
  • Oct 8, 2020 4:07am Oct 8, 2020 4:07am
Quoting shahab8b
GBPUSD, choppy pa. lets see if 1.30 provides R for the 5th time. It's also touching that broken TL on the opposite side. {image}
I think 1.31 now @ D1 50% is the next key level.

1.30 looking pretty washed out. Running a long off this open. Intraday play not a swing.

Magenta line is the weekly open price - line in the sand level.
Attached Image
  • #8,322
  • Oct 8, 2020 4:41am Oct 8, 2020 4:41am
i think i'm not waiting for 1.32, maybe price at resistance become a support..
USD/CAD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_3.png Size: 32 KB
  • #8,323
  • Oct 8, 2020 4:45am Oct 8, 2020 4:45am
It's certainly been a grinder of a week so far and one best suited for the scalpers.

Here's a DX view and potentially a bullish sign building on this H4 demand + PA.
Attached Image (click to enlarge)
Click to Enlarge Name: DX.PNG Size: 94 KB
  • #8,324
  • Oct 8, 2020 6:33am Oct 8, 2020 6:33am
Here is what I think will happen (with the Magic of Photoshop).

WeŽll see if IŽm right.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUSD - H4.jpg Size: 370 KB
Observation is the path to discovery.
  • #8,325
  • Oct 8, 2020 7:32am Oct 8, 2020 7:32am
Quoting shahab8b
GBPUSD, choppy pa. lets see if 1.30 provides R for the 5th time. It's also touching that broken TL on the opposite side. {image}
GBPUSD, short trade. I went short after it touched that broken TL on the opposite side. I wanted to add more @ 1.30 which didn't happen. If it goes to 1.30 from here, I will sell it again.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1086.png Size: 40 KB
  • #8,326
  • Oct 8, 2020 8:12am Oct 8, 2020 8:12am
Quoting shahab8b
{quote} GBPUSD, short trade. I went short after it touched that broken TL on the opposite side. I wanted to add more @ 1.30 which didn't happen. If it goes to 1.30 from here, I will sell it again. {image}
PA showing signs of starting to turn in the USD's favour across the board. Gold is interesting at $1,900 for a sell.
  • #8,327
  • Oct 8, 2020 8:15am Oct 8, 2020 8:15am
Quoting shahab8b
{quote} EU, this is what I'm thinking atm. if it goes straight above 1.1825, I won't be shorting it. {image}
EURUSD, short trade update. added another position on the retracement, sl to 1.1780. It needs a break below 1.17 to strengthen the bearish scenario
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 108.png Size: 46 KB
  • #8,328
  • Oct 8, 2020 8:20am Oct 8, 2020 8:20am
Quoting C-12
{quote} PA showing signs of starting to turn in the USD's favour across the board. Gold is interesting at $1,900 for a sell.
I agree. But the picture is a little bit mixed atm. The US indices are looking good atm. It will help if they start falling
  • #8,329
  • Oct 8, 2020 8:23am Oct 8, 2020 8:23am
Quoting shahab8b
{quote} USDCHF, long trade {image} {image}
USDCHF, long trade update
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFM30 108.png Size: 43 KB
  • #8,330
  • Oct 8, 2020 8:28am Oct 8, 2020 8:28am
Quoting meugampong
i think i'm not waiting for 1.32, maybe price at resistance become a support.. USD/CAD {image}
You have done well recently. You might be right about this one. But I had to close the trade based on my predetermined risk parameters.
  • #8,331
  • Oct 8, 2020 8:54am Oct 8, 2020 8:54am
USDJPY, I will be looking at 106.50 and 107 for possible short setups.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4 108 .png Size: 36 KB
  • #8,332
  • Oct 8, 2020 9:19am Oct 8, 2020 9:19am
Quoting C-12
{quote} PA showing signs of starting to turn in the USD's favour across the board. Gold is interesting at $1,900 for a sell.
Looks good, also got some NQ
Attached Image (click to enlarge)
Click to Enlarge Name: Gold.PNG Size: 33 KB
  • #8,333
  • Oct 8, 2020 9:21am Oct 8, 2020 9:21am
Quoting shahab8b
{quote} GBPUSD, short trade. I went short after it touched that broken TL on the opposite side. I wanted to add more @ 1.30 which didn't happen. If it goes to 1.30 from here, I will sell it again. {image}
GU

Note: not a trade idea if you're not already short from higher levels. Choppy pa. R @ 1.30 and S @ 1.28 are good levels for short and long play.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 108.png Size: 45 KB
  • #8,334
  • Oct 8, 2020 9:39am Oct 8, 2020 9:39am
SPX, trying to be unbiased. There is nothing bearish about this pattern atm.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX108.PNG Size: 67 KB
  • #8,335
  • Oct 8, 2020 10:17am Oct 8, 2020 10:17am
Quoting shahab8b
SPX, trying to be unbiased. There is nothing bearish about this pattern atm. {image}
Yes I was looking at this yesterday on the Dow Jones.

All the retracement levels were blown on the way down. There is a big D1 supply level approaching but the other big indices are not in agreement.

It is in need of a solid retrace however.
Attached Image (click to enlarge)
Click to Enlarge Name: US30.png Size: 77 KB
  • #8,336
  • Oct 8, 2020 11:32am Oct 8, 2020 11:32am
GBPUSD, trying to be unbiased. If we do get a weekly bullish close above 1.30, this could be a W pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 108wk.PNG Size: 111 KB
  • #8,337
  • Oct 8, 2020 8:32pm Oct 8, 2020 8:32pm
Quoting shahab8b
{quote} stopped out. USDCAD, next S @ 1.32. let's see if that level provides a favorable pa for a long setup. {image}
USDCAD, sliced through 1.32. The next S zone @ 1.3150-1.3130 might provide a long setup. Alternatively, R @ 1.3250 can provide a short setup in case of a rally.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 108.png Size: 38 KB
  • #8,338
  • Edited 11:38pm Oct 8, 2020 10:48pm | Edited 11:38pm
Quoting shahab8b
{quote} USDCAD, sliced through 1.32. The next S zone @ 1.3150-1.3130 might provide a long setup. Alternatively, R @ 1.3250 can provide a short setup in case of a rally. {image}
USDCAD
the decline was very sharp, giving no chance for retail sellers to jump in
Buyer was completely eliminated, and supply emptying
prepare for the arrival of the giant candle or 1.3250 is unstoppable, mean the seller's fortress collapses, so the available options only short.

for major pair in my opinion shahab sir,
after I tried to compare all the major pairs there is something interesting with the USD/JPY and USD/CHF
today in Asian session USD/JPY seems to have decreased, which is an early sign bull USD has appeared.
on the intraday chart I see a hint at USD/CHF, able to make a higher high than EUR / USD which is unable to make a new low.
based on this comparison I still holding buy USD atm, just waiting for action and reaction to take place, and i warning my self on fake movements
well this could be the wrong analysis.

btw GBP/USD hit BEP already,
  • #8,339
  • Oct 9, 2020 4:56am Oct 9, 2020 4:56am
EURUSD, out of the short position. I don't have any directional bias atm. I will be looking at these levels for a possible short or long setup
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 109.png Size: 42 KB
  • #8,340
  • Oct 9, 2020 11:52am Oct 9, 2020 11:52am
Quoting shahab8b
GBPUSD, trying to be unbiased. If we do get a weekly bullish close above 1.30, this could be a W pattern. {image}
GBPUSD, the weekly close will be bullish. It looks like a W pattern. It's no longer a short on daily or weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDWeekly 109.png Size: 27 KB
1 trader viewing now