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Weekly COT report Analysis + Trade Ideas

  • #9,021
  • Nov 13, 2020 4:38am Nov 13, 2020 4:38am
Quoting pipfarm
{quote} what happened to your 3 lot long from yesterday?
I wanted to go short again @ 1.32. So when I saw the price dropping ahead of 1.32, I covered it.
  • #9,022
  • Nov 13, 2020 4:49am Nov 13, 2020 4:49am
Quoting shahab8b
{quote} I am also watching these levels (0.90 and 0.9025) on EURGBP for a possible short setup {image}
EURGBP, short trade
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4 123.png Size: 36 KB
  • #9,023
  • Nov 13, 2020 5:11am Nov 13, 2020 5:11am
Quoting shahab8b
{quote} I draw it like this. I'll be looking at those boxes for a possible short setup. 1.32-1.3230 zone looks good for a short setup {image}
USDCAD, short trade. The first box provided a short setup. There will be another short setup @ 1.32-1.3230 if it goes higher again.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily 1134.png Size: 33 KB
  • #9,024
  • Edited 6:14am Nov 13, 2020 6:03am | Edited 6:14am
Quoting shahab8b
NZDUSD, possible double top on H1/H2 {image}
NZDUSD, short trade update. That double top didn't disappoint.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30 113.png Size: 42 KB
  • #9,025
  • Nov 13, 2020 6:21am Nov 13, 2020 6:21am
Breaking down the chart and explaining how I identified that structure as a potential reversal pattern before the double top neckline was broken.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1 113.png Size: 49 KB
  • #9,026
  • Nov 13, 2020 6:40am Nov 13, 2020 6:40am
Quoting C-12
GBPUSD - seems our 1.31 turned slightly ahead of schedule. 1.32 might be in play this afternoon. Had confidence as EG and GCHF were both at quality levels. GBPCHF well worth a look as a perfect textbook setup. {image}
You were right about GBPCHF. What a perfect setup it was. I rarely look at that pair. I try to limit myself to 10 instruments. But opportunities are everywhere. That's why it would be good if people share their setups. Especially on those crosses that we rarely look at.
Attached Image (click to enlarge)
Click to Enlarge Name: GCHF.PNG Size: 69 KB
  • #9,027
  • Nov 13, 2020 6:46am Nov 13, 2020 6:46am
Now I have to analyze this pair, haha. Possible long setup @ 1.19.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHF45.PNG Size: 85 KB
  • #9,028
  • Nov 13, 2020 7:03am Nov 13, 2020 7:03am
Quoting shahab8b
{quote} You were right about GBPCHF. What a perfect setup it was. I rarely look at that pair. I try to limit myself to 10 instruments. But opportunities are everywhere. That's why it would be good if people share their setups. Especially on those crosses that we rarely look at. {image}
Sounds like a plan. Got my eyes on these cross pairs as well.

Here's one for fun on USDMXN at 21

Check out what happened on 22 on D1.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDMXN.PNG Size: 24 KB
Click to Enlarge Name: USDMXND1.PNG Size: 36 KB
  • #9,029
  • Nov 13, 2020 7:06am Nov 13, 2020 7:06am
Quoting shahab8b
Gold, possible double bottom on H4. It is also sitting on S zone 1850-1860 on daily chart. A break below that S will be bearish. But if it holds, there is good upside potential. {image} {image}
Gold, follow-up with that double bottom on H4
Attached Image (click to enlarge)
Click to Enlarge Name: gld 1133.PNG Size: 64 KB
  • #9,030
  • Nov 13, 2020 7:09am Nov 13, 2020 7:09am
Quoting C-12
{quote} Sounds like a plan. Got my eyes on these cross pairs as well. Here's one for fun on USDMXN at 21 Check out what happened on 22 on D1. {image} {image}
I like that pair (USDMXN). The short trade is a perfect carry trade. Pending sell @ 21
  • #9,031
  • Nov 13, 2020 7:23am Nov 13, 2020 7:23am
Quoting shahab8b
{quote} Gold, follow-up with that double bottom on H4 {image}

more like a higher low in the making but anyway good , second time trying to break the old support @1883 , how far up do you think this might go?
Follow The Markets Structure - Patience and Discipline
  • #9,032
  • Nov 13, 2020 7:33am Nov 13, 2020 7:33am
Quoting pipfarm
{quote} more like a higher low in the making but anyway good , second time trying to break the old support @1883 , how far up do you think this might go?
short term probably around 1910 to 1920. long term higher than that. But we might get another leg down first.
  • #9,033
  • Nov 13, 2020 7:38am Nov 13, 2020 7:38am
Quoting shahab8b
{quote} short term probably around 1910 to 1920. long term higher than that. But we might get another leg down first.

More or less what i was thinking 1915 maybe higher then a leg down to 1800.


thanks
Follow The Markets Structure - Patience and Discipline
  • #9,034
  • Nov 13, 2020 7:43am Nov 13, 2020 7:43am
Quoting shahab8b
{quote} USDJPY, short trade in line with the larger bearish bias. {image}
USDJPY, short trade update.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 1113.png Size: 45 KB
  • #9,035
  • Nov 13, 2020 7:50am Nov 13, 2020 7:50am
Quoting shahab8b
{quote} USDCHF, short trade. I was waiting to get my ideal entry @ 0.92, but those doji candles close to the key level were good enough for a short trade. {image}
USDCHF, short trade update and possible H&Sh on H4
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4 113.png Size: 38 KB
  • #9,036
  • Nov 13, 2020 7:57am Nov 13, 2020 7:57am
Quoting shahab8b
{quote} USDJPY, short trade update. {image}
this big engulfing D1 candle did not change your initial plan.... well played
  • #9,037
  • Nov 13, 2020 8:17am Nov 13, 2020 8:17am
I am pissed. Someone pm me saying he lost money and blaming me.
First, WTF?
Second, how could you possibly manage to do that?
Third, I reiterate again this is not a signal service. This is only a trading journal. Nothing more.
Forth, I reiterate again, educate yourself and learn all the basics before coming here. (babypips.com is a good start if you've just started trading).
Fifth, I usually post the setups before posting the actual trade. So it means it's most likely too late to take it at that point.
Sixth, I don't have a crystal ball. I only use simple TA that everyone can learn. The emphasize is on identifying the correct levels.
Seventh, you should learn to apply proper risk management. I posted that on my occasions.
Also, I am spending a lot of time preparing these charts. This is very disappointing and discouraging. I'm going to ponder about continuing this thread.
  • #9,038
  • Nov 13, 2020 8:24am Nov 13, 2020 8:24am
damn, I would simply tell the name of this idiot..
Please shahab, all you just say are plain common sense...me and a lot of others are learning a lot here, as I said I'm here to learn to fish not to be given a fish..
Of course, there is a lot of lazy people around..
Again I'm grateful you take the time to educate and share your knowledge here. its sad one stupid lazy individual make you feel that way. peace
  • #9,039
  • Nov 13, 2020 8:29am Nov 13, 2020 8:29am
EURJPY, trying hard to break this support on a descending triangle.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.png Size: 57 KB
  • #9,040
  • Nov 13, 2020 8:31am Nov 13, 2020 8:31am
Quoting shahab8b
I am pissed. Someone pm me saying he lost money and blaming me. First, WTF? Second, how could you possibly manage to do that? Third, I reiterate again this is not a signal service. This is only a trading journal. Nothing more. Forth, I reiterate again, educate yourself and learn all the basics before coming here. (babypips.com is a good start if you've just started trading). Fifth, I usually post the setups before posting the actual trade. So it means it's most likely too late to take it at that point. Sixth, I don't have a crystal ball. I only...
Bad news indeed. I had feeling there might be some coming here look for a free ride. Since you are posting winning trade after another of course people will notice that.

It's great to share and help people figure this out, but there's always that bad egg looking to spoil things.
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