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Weekly COT report Analysis + Trade Ideas

  • #9,141
  • Nov 18, 2020 3:10pm Nov 18, 2020 3:10pm
Quoting C-12
{quote} If you nailed the top with that PA it would be really something epic! I just watching the DX and some of the majors, especially USDCHF off 0.91 My EURUSD long got tapped for BE. Are we seeing another of those silent USD reversals kicking in here? Some reaction of this demand zone on H4. Hmmm, Owould be very surprised if EURUSD 1.19 doesn't get hit, but maybe it's done. {image}
We have to wait and see. But EU looks like heading south short term based on that broken TL. That supply zone did a good job.
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  • #9,142
  • Nov 18, 2020 3:14pm Nov 18, 2020 3:14pm
Quoting shahab8b
{quote} We have to wait and see. But EU looks like heading south short term based on that broken TL. That supply zone did a good job. {image}
Yes. I think I was overly dogmatic about 1.19 when chart clearly hit supply and rolling over. Oh well, can always get on board this trade on retrace.
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  • #9,143
  • Nov 18, 2020 3:16pm Nov 18, 2020 3:16pm
Quoting C-12
{quote} Yes. I think I was overly dogmatic about 1.19 when chart clearly hit supply and rolling over. Oh well, can always get on board this trade on retrace. {image}
Yea, that's fine. I think it's short term. It will come back again for another short
  • #9,144
  • Nov 18, 2020 3:18pm Nov 18, 2020 3:18pm
Quoting shahab8b
{quote} Yea, that's fine. I think it's short term. It will come back again for another short
Just also noticed UCAD reversed off 50% from the lows. Not sure if anyone caught that.
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  • #9,145
  • Nov 18, 2020 3:23pm Nov 18, 2020 3:23pm
SPX, possible short setup
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  • #9,146
  • Nov 18, 2020 6:21pm Nov 18, 2020 6:21pm
Quoting shahab8b
EURUSD, a few notes on how you can read a chart by using RSI and other technical stuff. {image}
It seems that EU chart worked well as a road map. I'm updating it.
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  • #9,147
  • Edited 7:24pm Nov 18, 2020 6:57pm | Edited 7:24pm
Quoting shahab8b
{quote} GBPUSD, long trade update. I'm watching 1.33 for a possible short setup {image}
GBPUSD, short trade update. I'm guessing many traders are in the same trade. A break of the H1 TL and S @ 1.3240 indicates more downside pressure. I'm targeting 1.311. But it may bounce from 1.32 or before. So one can do partial tp with 60-70 pips here or close to 1.32 and move sl to b/e on the rest.
Attached Image (click to enlarge)
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  • #9,148
  • Nov 19, 2020 3:05am Nov 19, 2020 3:05am
Quoting shahab8b
{quote} It seems that EU chart worked well as a road map. I'm updating it. {image}
Working out nicely, I managed to get in the back test of 1.1850.

It's certainly been a busy morning here getting re-positioning on trades, like USDCAD long I missed from that 50% last night.

Your NZDUSD entry was crazy accurate. I need to get hold of that crystal ball you're using.
  • #9,149
  • Nov 19, 2020 3:44am Nov 19, 2020 3:44am
Quoting C-12
Couple of cross pairs on the watchlist for next week as I was doing a quick scan. EURJPY at 1.23 and GBPJPY at 1.37. Both moving into the 50-61.8 areas, with some chart SR structure and RN's tucked inside. {image} {image}
EURJPY - 1.23 @ 61.8% out of the oven. Also long USDJPY off the open.
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  • #9,150
  • Nov 19, 2020 4:02am Nov 19, 2020 4:02am
Quoting C-12
{quote} Just also noticed UCAD reversed off 50% from the lows. Not sure if anyone caught that. {image}
Master Your Setup, Master Your self. (NQoos)
  • #9,151
  • Nov 19, 2020 4:04am Nov 19, 2020 4:04am
Quoting bassramy
{quote}
Sharp catch

Here's some running on EURAUD (1.62) and EURNZD (1.71).
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  • #9,152
  • Nov 19, 2020 4:31am Nov 19, 2020 4:31am
Quoting shahab8b
{quote} NZDUSD, short trade {image}
NZDUSD, short trade update
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  • #9,153
  • Nov 19, 2020 4:36am Nov 19, 2020 4:36am
Quoting shahab8b
{quote} GBPUSD, short trade. I'm pretty sure everyone on FF has this trade now. {image}
GBPUSD, short trade update
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  • #9,154
  • Nov 19, 2020 4:43am Nov 19, 2020 4:43am
Quoting shahab8b
{quote} 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. {image}
EURUSD, short trade update. Levels to watch.
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  • #9,155
  • Nov 19, 2020 4:48am Nov 19, 2020 4:48am
Quoting shahab8b
AUDUSD, short trade taken at R zone. If this fails next short setup @ 0.74. Possible long setup @ 0.72 {image}
AUDUSD, short trade update. Possible long setups
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  • #9,156
  • Nov 19, 2020 4:51am Nov 19, 2020 4:51am
USDCAD, possible short and long setups
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  • #9,157
  • Nov 19, 2020 5:45am Nov 19, 2020 5:45am
Quoting shahab8b
USDCAD, possible short and long setups {image}
Almost same view
If I consider the last correction as a flag, I'm expecting AB=CD, and target area directly at 1.3280/1.3300 for possible short entry
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  • #9,158
  • Nov 19, 2020 7:45am Nov 19, 2020 7:45am
Quoting shahab8b
{quote} GBPUSD, short trade update {image}
GU, possible EW count in form of a zigzag
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  • #9,159
  • Nov 19, 2020 8:00am Nov 19, 2020 8:00am
Quoting shahab8b
{quote} GU, possible EW count in form of a zigzag {image}
Nice addon. got the same

Couple of adds and reloads on GCAD and GCHF while I was in there. Would have been rude not to take these I think.
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  • #9,160
  • Nov 19, 2020 8:17am Nov 19, 2020 8:17am
GBPUSD - will take a slice off at 1.32. We know these RN's can often bounce so will take the easy money and let some ride.
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