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Weekly COT report Analysis + Trade Ideas

  • #9,221
  • Nov 23, 2020 5:03am Nov 23, 2020 5:03am
EURUSD, long trade, reloaded again at the confluence level spotted by C-12. Possible short setup @ 1.19 and 1.1950
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 1134.png Size: 34 KB
  • #9,222
  • Nov 23, 2020 5:11am Nov 23, 2020 5:11am
GBPUSD, trend is bullish. Possible long setup @ 1.33, and short setups @ 1.34 and 1348-1.135
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDDaily 1123.png Size: 28 KB
  • #9,223
  • Nov 23, 2020 5:24am Nov 23, 2020 5:24am
NZDUSD, I took a short on this pair and got stopped out at b/e. Looking to go short again. The structure looks like an ending diagonal. Possible short setup @ .70
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4 11323.png Size: 33 KB
  • #9,224
  • Nov 23, 2020 5:31am Nov 23, 2020 5:31am
GBPCAD, possible short setups
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADDaily 11234.png Size: 26 KB
  • #9,225
  • Nov 23, 2020 5:31am Nov 23, 2020 5:31am
Quoting shahab8b
NZDUSD, I took a short on this pair and got stopped out at b/e. Looking to go short again. The structure looks like an ending diagonal. Possible short setup @ .70 {image}
Nice trades. I took a minor hit on NZDUSD but 0.70 as a BRN seems to have been in the cards for while. Limits are sat patiently waiting.
  • #9,226
  • Nov 23, 2020 5:42am Nov 23, 2020 5:42am
Quoting C-12
CHFJPY - Another JPY cross that looks like it's almost ready to cook. Nice sweep of lows at 1.14 with PA developing. Will revisit for next week. {image} {image}
EURJPY and CHFJPY starting to show some promising PA. Took a few days to warm up and now looks like they're out of the oven.

EURUSD - Short scalp, prefer to find another long entry somewhere.
Attached Image (click to enlarge)
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  • #9,227
  • Nov 23, 2020 5:51am Nov 23, 2020 5:51am
GBPJPY, I don't know if anyone traded that confluence setup @ 137.50. Possible short setup @ 140
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily 11234.png Size: 30 KB
  • #9,228
  • Nov 23, 2020 5:54am Nov 23, 2020 5:54am
Quoting shahab8b
GBPJPY, I don't know if anyone traded that confluence setup @ 137.50. Possible short setup @ 140 {image}
I had it pencilled in last week on 1.37, never quite got there.

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}
  • #9,229
  • Nov 23, 2020 6:21am Nov 23, 2020 6:21am
EURUSD - I see this counter sell as a very quick one. Will look to convert this into a long.. Or take the BE hit here.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 63 KB
  • #9,230
  • Nov 23, 2020 6:29am Nov 23, 2020 6:29am
Quoting C-12
{quote} EURJPY and CHFJPY starting to show some promising PA. Took a few days to warm up and now looks like they're out of the oven. EURUSD - Short scalp, prefer to find another long entry somewhere. {image}
You were patient with those trades. It's paying off. Well done!
  • #9,231
  • Nov 23, 2020 6:36am Nov 23, 2020 6:36am
Quoting shahab8b
{quote} You were patient with those trades. It's paying off. Well done!
I quite like these D1/H4 cross setups, but they do tend to grind for a bit, but once they start moving they can be quite rewarding.

Plus just small 0.25% positions I am trying to let them do their thing without dabbling with them. AUDNZD is another one I like. 1.05 would be perfect.
  • #9,232
  • Nov 23, 2020 6:43am Nov 23, 2020 6:43am
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, reaching the S zone. Possible long setup
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPDaily 13124.png Size: 35 KB
  • #9,233
  • Edited 8:02am Nov 23, 2020 7:51am | Edited 8:02am
EURNZD - 1.70000 Big Round Number approaching.

The last BRN at 1.80000 resulted in 900+ move down. Not saying this will happen again, but heads up anyway.

Also MN 50% - this may line up with NZDUSD @ 0.70000
Attached Image(s) (click to enlarge)
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  • #9,234
  • Edited 8:32am Nov 23, 2020 8:21am | Edited 8:32am
Quoting shahab8b
NZDUSD, I took a short on this pair and got stopped out at b/e. Looking to go short again. The structure looks like an ending diagonal. Possible short setup @ .70 {image}
It may also be be forming right now on the H1 if such a pattern exists. Perhaps even 4th Drive.

Also quick one spotted on GBPAUD - 61.8 retracement of move down at 1.83.
Attached Image (click to enlarge)
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  • #9,235
  • Nov 23, 2020 8:54am Nov 23, 2020 8:54am
Quoting shahab8b
GBPUSD, trend is bullish. Possible long setup @ 1.33, and short setups @ 1.34 and 1348-1.135 {image}
GBPUSD short trade. This is a counter trend trade, some traders may like to do partial tp with 40-50 pips and leave sl @ b/e on the rest.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 345.png Size: 29 KB
  • #9,236
  • Nov 23, 2020 8:55am Nov 23, 2020 8:55am
EURUSD - looks good, took one out.

GBPUSD and NZDUSD - same same but different.
Attached Image(s) (click to enlarge)
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  • #9,237
  • Nov 23, 2020 8:58am Nov 23, 2020 8:58am
Quoting shahab8b
EURUSD, long trade, reloaded again at the confluence level spotted by C-12. Possible short setup @ 1.19 and 1.1950 {image}
EURUSD, short trade. Possible long setup (the blue line is weekly pivot)
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 31134.png Size: 32 KB
  • #9,238
  • Nov 23, 2020 8:59am Nov 23, 2020 8:59am
Quoting shahab8b
{quote} EURGBP, short trade update, reaching the S zone. Possible long setup {image}
Hi
I'd like to ask you if you use any sort of confirmation before taking the trade in any direction at the level?
For example on this EG your entry is almost exactly at the level price so it appears to be entry via pending order right on the level.
  • #9,239
  • Nov 23, 2020 9:06am Nov 23, 2020 9:06am
Quoting shahab8b
NZDUSD, I took a short on this pair and got stopped out at b/e. Looking to go short again. The structure looks like an ending diagonal. Possible short setup @ .70 {image}
NZDUSD, short trade. Let's see if that ending diagonal is completed.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4 11234.png Size: 38 KB
  • #9,240
  • Nov 23, 2020 9:07am Nov 23, 2020 9:07am
Ok, something is going on. We should have sold more
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