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Weekly COT report Analysis + Trade Ideas

  • #9,481
  • Nov 26, 2020 8:38am Nov 26, 2020 8:38am
Quoting shahab8b
{quote} That was a great call you made on GBPCAD. It was a classic confluence setup. Unfortunately, I couldn't take it as I had many trades running. {image}
Yeah I am amazed how smooth these crosses are with confluence. Also got few others running too that were more found on a passive scan.

GBPAUD - I arrived slightly late to this party. I wanted to put a limit on it, but was an overnight arrival.
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  • #9,482
  • Nov 26, 2020 8:38am Nov 26, 2020 8:38am
Quoting shahab8b
{quote} Did you take it on the first touch of 0.70. That was a decent trade. I usually don't trade the second touch when it is a counter trend trade. Unless there are other valid technical reasons. For now that pattern on H1 is not very helpful. It can turn bearish or it can become a bullish flag. It's a toss up. {image}
i see NU and AU same pattern, we hope it will more drop.
thanks for today friend and my teacher shahab also C12..
got to sleep, i'm not a full time trader, perhaps one day will be full time..
see u tomorrow.. wish u all the best trade..

AUD/USD
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  • #9,483
  • Nov 26, 2020 8:56am Nov 26, 2020 8:56am
Quoting shahab8b
{quote} GBPUSD, short trade. Who took this trade? raise your hand. {image}
Naysayers can say whatever they want. But is there really a better trading method that gives you almost zero DD and high RRR? I'm open to hear about it if there is any.
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  • #9,484
  • Nov 26, 2020 8:57am Nov 26, 2020 8:57am
Quoting meugampong
{quote} i see NU and AU same pattern, we hope it will more drop. thanks for today friend and my teacher shahab also C12.. got to sleep, i'm not a full time trader, perhaps one day will be full time.. see u tomorrow.. wish u all the best trade.. AUD/USD {image}
Have a great one, let's hope NU delivers.

Something feels off here, EU might be attempting to set up a move up off 1.19. I was looking for this a bit lower.

I guess we really have not hit anything significant.
  • #9,485
  • Nov 26, 2020 9:06am Nov 26, 2020 9:06am
Quoting shahab8b
{quote} Naysayers can say whatever they want. But is there really a better trading method that gives you almost zero DD and high RRR? I'm open to hear about it if there is any. {image}
Every trade depends on the entry price. if you target extreme for an entry that you have better R:R ratio
Le$$ I$ More
  • #9,486
  • Nov 26, 2020 9:24am Nov 26, 2020 9:24am
GBPUSD, 1.33 is an important level. Let's see how it plays out
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  • #9,487
  • Nov 26, 2020 9:35am Nov 26, 2020 9:35am
Quoting shahab8b
GBPUSD, 1.33 is an important level. Let's see how it plays out {image}
I took it out here at this block, I can see the DX just arriving into H1 supply as well. This might bounce here.

GCHF - 1.21 @ 50%
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  • #9,488
  • Nov 26, 2020 9:35am Nov 26, 2020 9:35am
Quoting shahab8b
{quote} Naysayers can say whatever they want. But is there really a better trading method that gives you almost zero DD and high RRR? I'm open to hear about it if there is any. {image}
doule top at level.
good night.
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ITB - Seeing Orderliness amongst 'Randomness'
  • #9,489
  • Nov 26, 2020 10:05am Nov 26, 2020 10:05am
what you guys think of CADJPY here. Would you take a shot for a 80 bounce ?
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  • #9,490
  • Nov 26, 2020 10:10am Nov 26, 2020 10:10am
Quoting Tragruel
what you guys think of CADJPY here. Would you take a shot for a 0.80 bounce ?{image}
Looks good but I got rid of this pair so not fully done a top down on it. Worth setting an alert on rather than limit and watch reaction.
  • #9,491
  • Nov 26, 2020 10:27am Nov 26, 2020 10:27am
Quoting Tragruel
what you guys think of CADJPY here. Would you take a shot for a 80 bounce ?{image}
You may have a long setup there @ 80. But as C-12 mentioned, you need to watch the reaction
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  • #9,492
  • Nov 26, 2020 10:38am Nov 26, 2020 10:38am
Quoting shahab8b
{quote} I thought we posted that GBPCHF short setup. But I cannot find it. {image}
I got stopped out of this GBPCHF short trade without any good reason. I guess it needed a little more room to breathe before moving sl to b/e considering the wide spread on this pair.
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  • #9,493
  • Nov 26, 2020 10:49am Nov 26, 2020 10:49am
Quoting shahab8b
{quote} I got stopped out of this GBPCHF short trade without any good reason. I guess it needed a little more room to breathe before moving sl to b/e considering the wide spread on this pair. {image}
Same here. So many BE I have taken is week it is painful to see, but that's all part of the learning process with pairs we're less familiar with.

In this case the SL behind 1.22 made sense until it was fully out of oven.

On the topic of cable, looks like we're seeing some small bounce here across most of it's crosses. I have taken a nibble at it.
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  • #9,494
  • Nov 26, 2020 10:59am Nov 26, 2020 10:59am
Quoting C-12
{quote}EU might be attempting to set up a move up off 1.19. I was looking for this a bit lower. I guess we really have not hit anything significant.
Ok, seems my spider senses were onto something. This might just be end of day scalp if it dries up.
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  • #9,495
  • Nov 26, 2020 11:21am Nov 26, 2020 11:21am
USDJPY - Cut my long for a couple of pips. This is the level I am interested in and I might need to put in a late shift to catch it.
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  • #9,496
  • Nov 26, 2020 1:34pm Nov 26, 2020 1:34pm
USDCAD
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  • #9,497
  • Nov 26, 2020 3:05pm Nov 26, 2020 3:05pm
USD just broke an important level and it appears quite bearish
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  • #9,498
  • Nov 26, 2020 3:14pm Nov 26, 2020 3:14pm
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  • #9,499
  • Nov 26, 2020 3:58pm Nov 26, 2020 3:58pm
USDCAD - Fib heavy marks ups.
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  • #9,500
  • Nov 26, 2020 7:53pm Nov 26, 2020 7:53pm
i saw this very late but took a sell as i see target looks attractive for a buy too.
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ITB - Seeing Orderliness amongst 'Randomness'
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