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Weekly COT report Analysis + Trade Ideas

  • #9,441
  • Nov 25, 2020 4:24pm Nov 25, 2020 4:24pm
Quoting C-12
{quote} You may wish to reconsider adding in the RN So many setups I am missing it seems. Better alerting needed. That AJ was a nice trend pullback level. Even more clean than AUDUSD PA. {image}
I posted that AUDJPY short setup @ 77.

Quoting shahab8b
AUDJPY, possible long and short setups @ 75 and 77 {image}
The problem is we have so many pending setups running. It's not easy to catch up with all of them
  • #9,442
  • Edited 4:48pm Nov 25, 2020 4:38pm | Edited 4:48pm
Quoting shahab8b
{quote} I posted that AUDJPY short setup @ 77. {quote} The problem is we have so many pending setups running. It's not easy to catch up with all of them
This is true and sometimes they hit at the strangest possible times, like right on rollover.

Like I say, we really need to hire someone to sit scanning all day and do all the grind work. We can just casually pick up an alert and hit the button if it looks good.

I am joking of course, but I have got all the auto indicators, fibs, RNs, for someone without experience to sit there finding confluence levels.

One I just spotted on GA, nice easy quick 2:1 R setup off that 50%, and we also missed 1.83 the other day at 61.8
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  • #9,443
  • Edited 6:04pm Nov 25, 2020 5:29pm | Edited 6:04pm
I guess people will wonder why need to have visibility of so many setups. The answer is we really don't.

However, as active full time day traders we're going to trade regardless. I know I took a few substandard setups on the majors today (small hits and break evens etc)

When I've gone through all the main cross pairs, there were actually plenty of high quality basic confluence plays. This is where that wider visibility can be quite useful on these choppy days.

Also with intraday fibs there must be a confirmed low / high in place. Pairs need scanning from the start of each day, possibly each hour until around NY opens. Perhaps with the right focus / routine it's not that difficult.

I shall have a good think on this topic, and if anyone has ideas feel free. Or tell me to shut up and let's keep going.
  • #9,444
  • Nov 25, 2020 8:28pm Nov 25, 2020 8:28pm
gj possible short set up
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ITB - Seeing Orderliness amongst 'Randomness'
  • #9,445
  • Nov 26, 2020 1:34am Nov 26, 2020 1:34am
Quoting Inthebox
gj possible short set up {image}
GBPCAD - 1.74 50% - Better level at 1.75

I can see a few bearish options on some of the GBP crosses. Perhaps GBPUSD close to a turn.

Also I should mention this thread isn't just confluence setups, but those setups require the least experience or discretion to trade as they are fully mechanical.
  • #9,446
  • Nov 26, 2020 3:00am Nov 26, 2020 3:00am
EU breaking wedge pattern..
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  • #9,447
  • Nov 26, 2020 4:48am Nov 26, 2020 4:48am
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}
GBPUSD, short trade. Who took this trade? raise your hand.
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  • #9,448
  • Nov 26, 2020 4:55am Nov 26, 2020 4:55am
Quoting shahab8b
{quote} GBPUSD, short trade. Who took this trade? raise your hand. {image}
Didn't take it but see you got a very precise entry.
Well done.
  • #9,449
  • Nov 26, 2020 4:56am Nov 26, 2020 4:56am
Quoting shahab8b
{quote} GBPUSD, short trade. Who took this trade? raise your hand. {image}
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  • #9,450
  • Nov 26, 2020 4:56am Nov 26, 2020 4:56am
Quoting shahab8b
USDJPY short looks interesting. {image}
USDJPY short trade update. Possible long setups
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  • #9,451
  • Nov 26, 2020 4:56am Nov 26, 2020 4:56am
Quoting shahab8b
{quote} GBPUSD, short trade. Who took this trade? raise your hand. {image}
Raised
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  • #9,452
  • Nov 26, 2020 4:59am Nov 26, 2020 4:59am
Quoting C-12
{quote} GBPCAD - 1.74 50%
Any takers?
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  • #9,453
  • Nov 26, 2020 4:59am Nov 26, 2020 4:59am
Quoting C-12
{quote} Raised {image}
look's like i'm copy your trade C.. lol
  • #9,454
  • Nov 26, 2020 5:01am Nov 26, 2020 5:01am
took a late sell on GU. too bad

Let see of prices can get to WOP
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Le$$ I$ More
  • #9,455
  • Nov 26, 2020 5:11am Nov 26, 2020 5:11am
Quoting shahab8b
{quote} USDJPY short trade update. Possible long setups {image}
Yes I am hunting a long here and maybe this could be be a longer play. The D1 chart is looking ripe. Huge buying pressure on both legs.

It is possible it could false break the low into 61.8 at 104 to hoover up some orders, but this area here is very interesting.

Also some hidden div on the D1.
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  • #9,456
  • Nov 26, 2020 5:39am Nov 26, 2020 5:39am
Quoting C-12
{quote}Gold - Added pullback to $1805
Gold fully locked in. It can either go to TP or hit BE. This is out of my hands now.
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  • #9,457
  • Nov 26, 2020 5:40am Nov 26, 2020 5:40am
Bitcoin, that was about time. Possible V-shaped reversal?
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  • #9,458
  • Nov 26, 2020 5:43am Nov 26, 2020 5:43am
Quoting shahab8b
Bitcoin, that was about time. Possible V-shaped reversal? {image}
Bitcoin, possible short setups
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  • #9,459
  • Nov 26, 2020 5:49am Nov 26, 2020 5:49am
EURJPY - long term bull, short term bear. Levels below. This could even get back down to 103.50 for reload.
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  • #9,460
  • Nov 26, 2020 5:53am Nov 26, 2020 5:53am
Quoting shahab8b
{quote} I got stopped out at b/e on EU short trade. It seems 1.1950 and 1.20 are back on the menu as possible short setups. {image}
EURUSD, short trade. The entry is less than ideal. The ideal entry was 1.1950, but it didn't go that high. Let's see how it plays out. If it fails, possible short setups remain @ 1.1950 and 1.20
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