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Weekly COT report Analysis + Trade Ideas

  • #9,241
  • Nov 23, 2020 9:10am Nov 23, 2020 9:10am
If questions are allowed: How do you decide for which swings you draw the fib's? On the attached ss you can see two possible swings where fibs could be drawn.
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  • #9,242
  • Nov 23, 2020 9:10am Nov 23, 2020 9:10am
Quoting shahab8b
{quote} 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. {image}
i love your TP level
Le$$ I$ More
  • #9,243
  • Nov 23, 2020 9:11am Nov 23, 2020 9:11am
Quoting shahab8b
{quote} EURUSD, short trade. Possible long setup (the blue line is weekly pivot) {image}
Ok, I think we can all agree EU got absolutely hammered. Lets look for short setups
Attached Image (click to enlarge)
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  • #9,244
  • Nov 23, 2020 9:17am Nov 23, 2020 9:17am
GOLD broke below a very important S
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  • #9,245
  • Nov 23, 2020 9:17am Nov 23, 2020 9:17am
Quoting shahab8b
GBPJPY, I don't know if anyone traded that confluence setup @ 137.50. Possible short setup @ 140 {image}
I sold @139 ...finger crossed
  • #9,246
  • Nov 23, 2020 9:17am Nov 23, 2020 9:17am
Quoting shahab8b
{quote} Ok, I think we can all agree EU got absolutely hammered. Lets look for short setups {image}
Yes, that is some grizzly looking PA.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 25 KB
  • #9,247
  • Nov 23, 2020 9:31am Nov 23, 2020 9:31am
Quoting Merka
{quote} 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.
It depends on your experience level and your confidence in the setup. I do limit orders and also do market orders based on smaller TF. Look at this GU for example. I had a pending sell @ 1.34 (my pre-planned short setup), but I was looking at M5 and decided to pull the trigger based on pa and divergence. Also note that I took the trade after I saw the first drop on M5, meaning I sold the small retracement up just below 1.34
Attached Image (click to enlarge)
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  • #9,248
  • Edited 9:48am Nov 23, 2020 9:38am | Edited 9:48am
Quoting MCFly
If questions are allowed: How do you decide for which swings you draw the fib's? On the attached ss you can see two possible swings where fibs could be drawn. {image}
There is no good answer. Sometimes its clear. If it is not clear, you can draw on both swings. Their confluence levels may provide setups.

I have added that GJ chart for example. Note the confluence of 0.38 and 0.50 fib, D1 S, and 0.05 RN. So it was a good long setup that went unnoticed. That's why I encourage sharing setups based on what we practice here.
Attached Image (click to enlarge)
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  • #9,249
  • Nov 23, 2020 9:48am Nov 23, 2020 9:48am
سلام شهاب جان
With whispers start vaccination we will see a free fall for Nasdaq 100 ... Decrease in online sales statistics , Especially stocks of Amazon
  • #9,250
  • Nov 23, 2020 9:59am Nov 23, 2020 9:59am
Quoting shahab8b
{quote} It depends on your experience level and your confidence in the setup. I do limit orders and also do market orders based on smaller TF. Look at this GU for example. I had a pending sell @ 1.34 (my pre-planned short setup), but I was looking at M5 and decided to pull the trigger based on pa and divergence. Also note that I took the trade after I saw the first drop on M5, meaning I sold the small retracement up just below 1.34 {image}
Yes, I'd say this is another tick in the box for using divergence in these setups.

This is another grizzly PA, could bounce here though so took some out.
Attached Image (click to enlarge)
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  • #9,251
  • Nov 23, 2020 10:06am Nov 23, 2020 10:06am
Quoting shahab8b
GBPUSD, trend is bullish. Possible long setup @ 1.33, and short setups @ 1.34 and 1348-1.135 {image}
GBPUSD, short trade update, moved tp to 1.32. Let's see how this trade develops.
Attached Image (click to enlarge)
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  • #9,252
  • Nov 23, 2020 10:13am Nov 23, 2020 10:13am
Quoting shahab8b
{quote} GBPUSD, short trade update, moved tp to 1.32. Let's see how this trade develops. {image}
Is there anyone else in this forum who is nailing these moves to the pip and calling out in advance? I very much doubt there is.
  • #9,253
  • Nov 23, 2020 10:14am Nov 23, 2020 10:14am
Quoting shahab8b
{quote} Ok, I think we can all agree EU got absolutely hammered. Lets look for short setups {image}
EU, short trade update. We should have gone all in. Lets see if we can sell more on retracement (in case we get any).
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  • #9,254
  • Nov 23, 2020 10:14am Nov 23, 2020 10:14am
Quoting Tragruel
{quote} I sold @139 ...finger crossed
seems to work, lets see
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  • #9,255
  • Nov 23, 2020 10:17am Nov 23, 2020 10:17am
GU playing tricks
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Le$$ I$ More
  • #9,256
  • Nov 23, 2020 10:21am Nov 23, 2020 10:21am
Quoting shahab8b
{quote} EU, short trade update. We should have gone all in. Lets see if we can sell more on retracement (in case we get any). {image}
Looks a good location for an addition.

Scalping 1.18? let's if we at least a few out of it.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 30 KB
  • #9,257
  • Nov 23, 2020 10:25am Nov 23, 2020 10:25am
Quoting C-12
{quote} Looks a good location for an addition. Scalping 1.18? let's if we at least a few out of it. {image}
Haha, you are exploiting every possible move! Well done!
  • #9,258
  • Nov 23, 2020 10:27am Nov 23, 2020 10:27am
Quoting shahab8b
{quote} Haha, you are exploiting every possible move! Well done!
It seems I did premature exit on first sell, need to claw that one back.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 31 KB
  • #9,259
  • Nov 23, 2020 10:35am Nov 23, 2020 10:35am
AUDUSD, short trade based on R zone. Possible long setups @ 0.72 and 0.7150
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  • #9,260
  • Nov 23, 2020 10:38am Nov 23, 2020 10:38am
Quoting C-12
{quote} 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. {image}
Yea I use that pattern a lot. In essence it is an ending diagonal in the EW school of thoughts.
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