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Weekly COT report Analysis + Trade Ideas

  • #9,101
  • Nov 18, 2020 5:09am Nov 18, 2020 5:09am
Quoting shahab8b
NZDUSD, possible double top on H4 {image}
NZUDSD, that pattern is no longer valid. I'm watching that R zone on weekly chart.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDWeekly 1118.png Size: 29 KB
  • #9,102
  • Nov 18, 2020 5:15am Nov 18, 2020 5:15am
Quoting Inthebox
{quote} looked set to break up, maybe with some small ranging. h1 to mn rsi all above 50. {image}
Yea, it broke up. I'm thinking something like this.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM30 1118.png Size: 38 KB
  • #9,103
  • Nov 18, 2020 5:23am Nov 18, 2020 5:23am
Quoting shahab8b
{quote} GBPUSD, follow-up with the suggested forecast. Possible short setup @ 1.33 {image} {image}
GBPUSD, long trade update. I'm watching 1.33 for a possible short setup
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 1118.png Size: 49 KB
  • #9,104
  • Nov 18, 2020 5:29am Nov 18, 2020 5:29am
Quoting shahab8b
{quote} USDJPY, short trade update. Added more @ 105 and 0.50 fib. {image}
USDJPY, short trade update. Looking better after it broke below 104.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4 118.png Size: 56 KB
  • #9,105
  • Nov 18, 2020 5:45am Nov 18, 2020 5:45am
Quoting shahab8b
{quote} Yea, it broke up. I'm thinking something like this. {image}
Yes, these grinding uptrends on NU and AU are proving to be a tough nut to crack. Fairly sure these are both heading for next RN's now.

My eyes are on the prize of 0.70 on NZDUSD and 0.74 AUDUSD but we will have to see.

I may look to buy NU 0.69 and AUDUSD 0.73 on intraday pullbacks -- Both 50% and run them both up to targets.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU.png Size: 72 KB
Click to Enlarge Name: NU.PNG Size: 70 KB
  • #9,106
  • Nov 18, 2020 6:00am Nov 18, 2020 6:00am
Quoting C-12
{quote} Yes, these grinding uptrends on NU and AU are proving to be a tough nut to crack. Fairly sure these are both heading for next RN's now. My eyes are on the prize of 0.70 on NZDUSD and 0.74 AUDUSD but we will have to see. I may look to buy NU 0.69 and AUDUSD 0.73 on intraday pullbacks -- Both 50% and run them both up to targets. {image} {image}
Yea, you are probably right.

BTW, did you take a short trade on GBPJPY @ 140? Today I was looking at that pair and realized it was a perfect setup. I am thinking short @ 140 and long @ 135.50
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily 1118.png Size: 32 KB
  • #9,107
  • Nov 18, 2020 6:04am Nov 18, 2020 6:04am
Quoting shahab8b
{quote} Yea, you are probably right. BTW, did you take a short trade on GBPJPY @ 140? Today I was looking at that pair and realized it was a perfect setup. I am thinking short @ 140 and long @ 135.50 {image}
Unfortunately I missed it. I did pack on a couple sells on GU earlier ahead of 1.33 and GHCF at 1.21 (speculative play that one with tight SL).

I have USDCHF buys, so one of them is probably wrong.

For GBPJPY, shorts look good at 138.50. Played off the M15 supply, plus some badly hand drawn curve fitted fibs.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.PNG Size: 78 KB
  • #9,108
  • Nov 18, 2020 7:30am Nov 18, 2020 7:30am
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 update
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily 1118.png Size: 35 KB
  • #9,109
  • Nov 18, 2020 7:36am Nov 18, 2020 7:36am
Quoting shahab8b
EURUSD, a few notes on how you can read a chart by using RSI and other technical stuff. {image}
EURUSD, that supply zone continues to provide decent trades. Let's see if it drops further this time. I'll be watching 1.19 for another short setup if it goes higher again.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 1118.png Size: 31 KB
  • #9,110
  • Nov 18, 2020 7:38am Nov 18, 2020 7:38am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDDaily.png Size: 40 KB
  • #9,111
  • Nov 18, 2020 7:41am Nov 18, 2020 7:41am
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4.png Size: 35 KB
  • #9,112
  • Nov 18, 2020 7:41am Nov 18, 2020 7:41am
Quoting shahab8b
{quote} Hi Bass, How have you been man? it's been awhile. I see your twisted sense of humor caught some people off guard. Anyways, glad to see you posting again.
Respect Bro, I was, and still fascinated by the simplicity of your charts and trading, glad to see that you're still on it, keep it up.
Master Your Setup, Master Your self. (NQoos)
  • #9,113
  • Nov 18, 2020 7:50am Nov 18, 2020 7:50am
Quoting shahab8b
{quote} EURGBP, short trade update {image}
Hi
Can you please explain the reasoning of the short at 0.90 apart from RN?
I don't see clear daily supply over there so was wondering what make you to go short.
Thanks
  • #9,114
  • Nov 18, 2020 7:57am Nov 18, 2020 7:57am
Quoting Merka
{quote} Hi Can you please explain the reasoning of the short at 0.90 apart from RN? I don't see clear daily supply over there so was wondering what make you to go short. Thanks
Look at the H4. Also trend was down based on the daily chart. So you've got 3 reasons to take that trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4 11r18.png Size: 37 KB
  • #9,115
  • Nov 18, 2020 7:58am Nov 18, 2020 7:58am
Quoting gespiri
{quote} Apologies, man. I thought you were one of these losers here in FF who are always laying blame on others for their failures.....
No apologies needed man, may you and your trading prosper and grow.

Best,
Bass
Master Your Setup, Master Your self. (NQoos)
  • #9,116
  • Nov 18, 2020 8:42am Nov 18, 2020 8:42am
Quoting C-12
{quote} Yes, these grinding uptrends on NU and AU are proving to be a tough nut to crack. Fairly sure these are both heading for next RN's now. My eyes are on the prize of 0.70 on NZDUSD and 0.74 AUDUSD but we will have to see. I may look to buy NU 0.69 and AUDUSD 0.73 on intraday pullbacks -- Both 50% and run them both up to targets. {image} {image}
AUDUSD long entry.... We can also see all the same setups posted here are fractals in lower TF's too.

USDJPY - M5 example LTF fractal entry. Same criteria of RN, fib and supply zone.

If you like low timeframe quick intraday scalps, these methods might be right up your street.
Attached Image(s) (click to enlarge)
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  • #9,117
  • Nov 18, 2020 8:43am Nov 18, 2020 8:43am
Quoting shahab8b
{quote} Look at the H4. Also trend was down based on the daily chart. So you've got 3 reasons to take that trade. {image}
Understood
Thanks
  • #9,118
  • Nov 18, 2020 9:04am Nov 18, 2020 9:04am
USDJPY, if you like counter trend trade, 103-103.20 might provide an opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 11183.png Size: 39 KB
  • #9,119
  • Edited 9:47am Nov 18, 2020 9:16am | Edited 9:47am
GBPCAD setup. will chart up later but approaching the level @ 1.74 worth taking a look at it.

Also added on USDCAD on LTF setup.
Attached Image(s) (click to enlarge)
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  • #9,120
  • Nov 18, 2020 10:07am Nov 18, 2020 10:07am
if someone is following gj, i think is breaking down. h1,h2 are synchronized. 137.763 is daily support holding. breach of this and we go to 136.879.
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