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Weekly COT report Analysis + Trade Ideas

  • #8,421
  • Oct 15, 2020 3:16pm Oct 15, 2020 3:16pm
Quoting Bones
{quote} Hi my friend can it be wave 1 and 2 with 50% retrace ? or abc- going much lower {image}
Hi buddy,
The 50% retracement can be either wave 2 or wave b. I think it's going lower than 1.27 as wave c or 3 but let's first see the structure of the decline. If it is vertical and scary we know it's wave 3.
  • #8,422
  • Oct 15, 2020 3:24pm Oct 15, 2020 3:24pm
Quoting shahab8b
{quote} Hi buddy, The 50% retracement can be either wave 2 or wave b. I think it's going lower than 1.27 as wave c or 3 but let's first see the structure of the decline. If it is vertical and scary we know it's wave 3.
Thanks S,
I get confused if it must go to 61.8 ,it did well to make it to 50 ,it's not going higher without lower imo
3 takes us to the open gap
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,423
  • Oct 15, 2020 3:27pm Oct 15, 2020 3:27pm
Quoting Bones
{quote} Hi my friend can it be wave 1 and 2 with 50% retrace ? or abc- going much lower {image}
We might see 1.22-1.23 with 100% fib ext of wave a or 1. If we see a wave 3, it will go much lower than this
Attached Image (click to enlarge)
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  • #8,424
  • Oct 15, 2020 3:31pm Oct 15, 2020 3:31pm
Quoting Bones
{quote} Thanks S, I get confused if it must go to 61.8 ,it did well to make it to 50 ,it's not going higher without lower imo 3 takes us to the open gap
It doesn't have to go to 61.8%. for wave 2 or b >20% retracement is fine.
  • #8,425
  • Oct 15, 2020 3:34pm Oct 15, 2020 3:34pm
Quoting shahab8b
{quote} It doesn't have to go to 61.8%. for wave 2 or b >20% retracement is fine.
really ,thanks
I think we have a reliable signal as is or even with lower wick, best below 970
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15 GBPUSD-Weekly.png Size: 49 KB
Click to Enlarge Name: 16 GBPUSD-Daily.png Size: 53 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #8,426
  • Oct 15, 2020 3:44pm Oct 15, 2020 3:44pm
Quoting Bones
{quote} Hi my friend can it be wave 1 and 2 with 50% retrace ? or abc- going much lower {image}
These are the guidelines for wave C or 3
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: wave 3.PNG Size: 248 KB
  • #8,427
  • Oct 15, 2020 3:52pm Oct 15, 2020 3:52pm
SPX
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  • #8,428
  • Oct 16, 2020 6:39am Oct 16, 2020 6:39am
Quoting shahab8b
EURUSD, possible short setup Also, it's sitting on the S level @ 1.17, one can scalp long from here as well {image}
EURUSD, long trade. I scalped from S @ 1.17 as suggested earlier. I am looking at these levels for a possible short setup
Attached Image (click to enlarge)
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  • #8,429
  • Oct 16, 2020 6:49am Oct 16, 2020 6:49am
Quoting shahab8b
{quote} USDCAD, long trade update. it is reaching 1.3250 confluence of former S/R and fib 0.50. It may or may not get rejected here. A good place for a partial tp. {image}
I went short after rejection at 1.3250 confluence of former S/R and fib 0.50.
Attached Image (click to enlarge)
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  • #8,430
  • Oct 16, 2020 6:54am Oct 16, 2020 6:54am
Quoting shahab8b
{quote} I don't trade that pair. But I see a bullish pa on daily chart. It can get rejected at the top around 1.66, so your SL is located at the right place for your short trade {image}
EURAUD, not a pair that I usually trade. But I did the analysis yesterday, so I took a long trade.
Attached Image (click to enlarge)
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  • #8,431
  • Oct 16, 2020 6:58am Oct 16, 2020 6:58am
Quoting shahab8b
USDJPY, the abc correction probably completed at 106, going to 104 {image}
USDJPY, short trade update
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1 1016.png Size: 42 KB
  • #8,432
  • Oct 16, 2020 7:02am Oct 16, 2020 7:02am
Quoting shahab8b
{quote} GBPJPY, watching these levels for a possible short setup {image}
GBPJPY, short trade update
Attached Image (click to enlarge)
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  • #8,433
  • Oct 16, 2020 7:10am Oct 16, 2020 7:10am
Quoting shahab8b
{quote} AUDUSD, short trade {image}
AUDUSD, short trade update, it's forming a triangle pattern. Theoretically it's a continuation pattern, but in reality it can break either way. Staying bearish below 0.71
Attached Image (click to enlarge)
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  • #8,434
  • Oct 16, 2020 7:19am Oct 16, 2020 7:19am
Quoting shahab8b
USDCHF, short setup {image}
USDCHF, short trade (2nd attempt).
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4 1016.png Size: 37 KB
  • #8,435
  • Oct 16, 2020 7:38am Oct 16, 2020 7:38am
Quoting shahab8b
EURGBP, possible short setup {image}
EURGBP, short trade. Every chart has its own story. You need to recognize it and exploit it to your advantage.
Attached Image(s) (click to enlarge)
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  • #8,436
  • Edited 8:16am Oct 16, 2020 8:04am | Edited 8:16am
Quoting shahab8b
GU, For now I'm going with a bearish count, but there is an alternative scenario as well (in red). I think if we get daily close (today or tomorrow) below 1.2870 it will become clear. {image}
And now the Cable. She is like that beautiful girl that you know is bad for you but you cant stay away.
I pointed out the alternative scenario (in red). There was a reason I placed wave (c) between 1.2870 and 1.2850. That's where I thought it could end up. Now There are two possible scenarios in the short term. I prefer the bearish one, but the bullish scenario is still very valid as long as 1.2870-1.2850 holds.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1016.png Size: 49 KB
Click to Enlarge Name: GBPUSDH1 10156.png Size: 49 KB
  • #8,437
  • Oct 16, 2020 8:09am Oct 16, 2020 8:09am
Quoting shahab8b
{quote} EURUSD, long trade. I scalped from S @ 1.17 as suggested earlier. I am looking at these levels for a possible short setup {image}
EURUSD, short trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 10163.png Size: 41 KB
  • #8,438
  • Oct 16, 2020 9:07am Oct 16, 2020 9:07am
Quoting shahab8b
{quote} EURUSD, short trade. {image}
hello shahabb8b sir
i have a little difrent view about EUR/USD on higher TF, h4.
i think price action pushing price upward to holding old resistance become support..
let next see the TL break upward or not..
i may be wrong..

thanks.
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  • #8,439
  • Oct 16, 2020 9:10am Oct 16, 2020 9:10am
same case with EU, GBP/USD, there is no new low appears..

regard..
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  • #8,440
  • Oct 16, 2020 9:23am Oct 16, 2020 9:23am
Try yesterday trade with higher position.
Attached Image (click to enlarge)
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Stay low, Go fast - No luck, All skill
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