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Weekly COT report Analysis + Trade Ideas

  • #9,401
  • Nov 25, 2020 6:19am Nov 25, 2020 6:19am
Gold about to reach demand zone.
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  • #9,402
  • Nov 25, 2020 6:28am Nov 25, 2020 6:28am
Quoting C-12
Gold - Another BE hit overnight, but one survivor made it. TP overly optimistic perhaps? {image}
I say it's good. It gives you like 10 R?
  • #9,403
  • Nov 25, 2020 6:38am Nov 25, 2020 6:38am
Quoting shahab8b
{quote} I say it's good. It gives you like 10 R?
Yeah that would be in that ballpark if it can crawl it's way back there.

This has been an odd week so far. Lot of back and forth action where many entries have been 50-100 pips positive have slid back to break even.

I may need to be a bit more ruthless on the TP's at 50 / 100 levels when pairs are clearly rangebound.

I am sure we're all in the same boat on this one.
  • #9,404
  • Nov 25, 2020 6:46am Nov 25, 2020 6:46am
Quoting C-12
{quote} Yeah that would be in that ballpark if it can crawl it's way back there. This has been an odd week so far. Lot of back and forth action where many entries have been 50-100 pips positive have slid back to break even. I may need to be a bit more ruthless on the TP's at 50 / 100 levels when pairs are clearly rangebound.
Don't you do partial tp? you can take 1/2 or 2/3 of the position off after a 100 pips move.
  • #9,405
  • Nov 25, 2020 6:49am Nov 25, 2020 6:49am
Quoting shahab8b
{quote} Don't you do partial tp? you can take 1/2 or 2/3 of the position off after a 100 pips move.
I aim to do exactly that but then the mind kicks in wants to try push it a bit beyond the level.

Once I deposit more capital into this account next year I am certain that problem is going to disappear.
  • #9,406
  • Nov 25, 2020 6:59am Nov 25, 2020 6:59am
GBPUSD, this triangle going to be resolved, one way or the other.
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  • #9,407
  • Nov 25, 2020 7:05am Nov 25, 2020 7:05am
AUDNZD - Let's see if we can better and tighter entry off 1.05.

This one might be longer term hold off the W1.
  • #9,408
  • Nov 25, 2020 7:15am Nov 25, 2020 7:15am
AU entry, M1 divergence, Fib 50, RN 0.5, RSI Extreme
#learning sharpening my entry
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  • #9,409
  • Nov 25, 2020 7:19am Nov 25, 2020 7:19am
Quoting shahab8b
GBPUSD, this triangle going to be resolved, one way or the other. {image}
taking short sir, i hope i can set to BE as soon as possible
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  • #9,410
  • Nov 25, 2020 7:21am Nov 25, 2020 7:21am
Quoting meugampong
AU entry, M1 divergence, Fib 50, RN 0.5, RSI Extreme #learning sharpening my entry {image}
Is there any reason that you draw your Fibonacci retracement upside down?
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  • #9,411
  • Nov 25, 2020 7:24am Nov 25, 2020 7:24am
Quoting meugampong
{quote} taking short sir, i hope i can set to BE as soon as possible {image}
Be careful, I fee this might break out to the upside.
  • #9,412
  • Nov 25, 2020 7:26am Nov 25, 2020 7:26am
Quoting shahab8b
{quote} Is there any reason that you draw your Fibonacci retracement upside down? {image}
is that wrong sir ?. i think.. as i know.. retracement is, Zero from begining than 100 to end of movement .. i see au atm downward move.. please, correct me sir if i wrong.
  • #9,413
  • Nov 25, 2020 7:30am Nov 25, 2020 7:30am
Quoting meugampong
{quote} is that wrong sir ?. i think.. as i know.. retracement is, Zero from begining than 100 to end of movement .. i see au atm downward move.. please, correct me sir if i wrong.
Take a look at my charts.

Also, here is a very basic explanation if anyone wants to read https://www.babypips.com/learn/forex...ci-retracement
  • #9,414
  • Nov 25, 2020 7:40am Nov 25, 2020 7:40am
Quoting shahab8b
{quote} Take a look at my charts. Also, here is a very basic explanation if anyone wants to read https://www.babypips.com/learn/forex...ci-retracement
yes sir.. i see.. my mistake..thanks to teach me..
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  • #9,415
  • Nov 25, 2020 7:44am Nov 25, 2020 7:44am
Quoting meugampong
{quote} yes sir.. i see.. my mistake..thanks to teach me.. {image}
Also, don't use 0.236 fib. It's useless most of the time.
  • #9,416
  • Nov 25, 2020 7:56am Nov 25, 2020 7:56am
GPBUSD, possible long and short setups @ 1.33 and 1.34. Also note it's coiling and there is a possibility of a break out. A break below the rising TL and 1.33 can be bearish. A break above 1.34 will open up 1.35
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  • #9,417
  • Nov 25, 2020 8:13am Nov 25, 2020 8:13am
Quoting shahab8b
GPBUSD, possible long and short setups @ 1.33 and 1.34. Also note it's coiling and there is a possibility of a break out. A break below the rising TL and 1.33 can be bearish. A break above 1.34 will open up 1.35 {image}
What a cluster of fun that is. Best stay out of that meat grinder and keep on the edges with fresh levels I think.

NZDUSD - arrival back in the zone formed off 0.70 - Might be suitable to reload.
  • #9,418
  • Nov 25, 2020 8:34am Nov 25, 2020 8:34am
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  • #9,419
  • Nov 25, 2020 8:50am Nov 25, 2020 8:50am
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  • #9,420
  • Edited 9:36am Nov 25, 2020 9:04am | Edited 9:36am
AUDNZD - 1.05 arrived like a sack of potatoes. Need to see some PA now on this level.

NZDUSD - 0.70 - added sell.

USDJPY - Long on H1 demand zone.

It seems we will have more success getting blood out of a stone. Will come back for FOMC and see if anything moves.

Also US Thanks Giving bank holiday tomorrow.
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