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Weekly COT report Analysis + Trade Ideas

  • #9,661
  • Dec 2, 2020 7:36am Dec 2, 2020 7:36am
Quoting shahab8b
EURUSD, I'm wondering {image}
i'm also waiting sir..
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  • #9,662
  • Dec 2, 2020 7:49am Dec 2, 2020 7:49am
Quoting meugampong
{quote} i'm also waiting sir.. {image}
I'm long EU. I think EU wants higher levels. I'm watching that box in case we see a setup.
Attached Image (click to enlarge)
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  • #9,663
  • Dec 2, 2020 7:56am Dec 2, 2020 7:56am
Quoting shahab8b
EURGBP broke above the declining TL. Possible setups on the chart. {image}
EURGBP, long trade. This has been a very straight forward trade today. Possible short setup on the chart.
Attached Image (click to enlarge)
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  • #9,664
  • Dec 2, 2020 7:59am Dec 2, 2020 7:59am
Quoting shahab8b
NZDUSD, short trade. It's too early to say whether daily candle closes like this. {image}
Sha, on average, what % of the trades you open end up hitting your original stop loss before you move it to breakeven? I believe this is your third try at NU. I may be wrong. It looks like it finally broke the wedge.

Do you always use a 25 pip SL or it varies by pairs?

Thanks for the info...
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Observation is the path to discovery.
  • #9,665
  • Dec 2, 2020 8:28am Dec 2, 2020 8:28am
Last Setup for Today, USD/CAD

Limit Order,
Im so sorry sir if i made many post today in your wonderful Thread.
Good Night Sir.
see you tomorrow teacher..
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  • #9,666
  • Dec 2, 2020 8:36am Dec 2, 2020 8:36am
Quoting Alorente
{quote} Sha, on average, what % of the trades you open end up hitting your original stop loss before you move it to breakeven? I believe this is your third try at NU. I may be wrong. It looks like it finally broke the wedge. Do you always use a 25 pip SL or it varies by pairs? Thanks for the info... {image}
Hi Al, it seems NU wants to break that wedge. But I will have more confidence on the trade if it breaks below 0.70.

I use a variable SL (between 10-30 pips, or sometimes 40 pips on GU). It depends on the pair and the setup. I also look at the H1 ATR which usually gives a good estimation of needed sl (and you can add the spread).

On average, I'd say 1/3 of trades end up hitting the original SL, 1/3 end up at b/e or small profit, and 1/3 end up with decent size winners.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1 ertr.png Size: 38 KB
  • #9,667
  • Dec 2, 2020 8:45am Dec 2, 2020 8:45am
Quoting shahab8b
{quote} I'm long EU. I think EU wants higher levels. I'm watching that box in case we see a setup. {image}
EU is likely doing a wave 5. Let's see if a short opportunity comes after that.
Attached Image (click to enlarge)
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  • #9,668
  • Dec 2, 2020 8:50am Dec 2, 2020 8:50am
Quoting shahab8b
{quote} I'm long EU. I think EU wants higher levels. I'm watching that box in case we see a setup. {image}
I´m not trusting EU at this time. Mainly because I still expect a major drop in stocks, maybe 20 to 30 percent. Yes, December is generally positive for stocks, but when I look at the Nasdaq Daily and Weekly charts, I can´t help feeling that we are close to a big drop. I may continue to be wrong on this...
Observation is the path to discovery.
  • #9,669
  • Edited 9:48am Dec 2, 2020 9:09am | Edited 9:48am
Quoting Alorente
{quote} I´m not trusting EU at this time. Mainly because I still expect a major drop in stocks, maybe 20 to 30 percent. Yes, December is generally positive for stocks, but when I look at the Nasdaq Daily and Weekly charts, I can´t help feeling that we are close to a big drop. I may continue to be wrong on this...
I see what you mean. I think EU wants 1.22. I believe many retails are short EU and they are getting squeezed unfortunately. They can easily move EU to 1.25 in Decemeber. Of course I'd like to short EU but the chart does not indicate a short trade atm. I don't see any R on the chart till 1.22 unless 1.21 (RN) provide some.
Attached Image (click to enlarge)
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  • #9,670
  • Dec 2, 2020 9:21am Dec 2, 2020 9:21am
Quoting shahab8b
GBPUSD, possible long and short setups on the chart. {image}
GBPUSD, long tade
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  • #9,671
  • Dec 2, 2020 9:29am Dec 2, 2020 9:29am
Closed my GBPUSD and NZDUSD just as it went below my sell position price. SL hit on EURUSD. Looks like EURUSD is good to buy on any pullback. Trade safe.
  • #9,672
  • Dec 2, 2020 9:42am Dec 2, 2020 9:42am
Attached Image (click to enlarge)
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  • #9,673
  • Dec 2, 2020 9:42am Dec 2, 2020 9:42am
EURUSD, maybe this wave count? I don't want to encourage shorting it with this PA though. Use it if you find it helpful
Attached Image (click to enlarge)
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  • #9,674
  • Dec 2, 2020 9:54am Dec 2, 2020 9:54am
USDCHF, I' watching this H1 candle (7 min to close)
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  • #9,675
  • Dec 2, 2020 10:05am Dec 2, 2020 10:05am
Quoting shahab8b
EURUSD, maybe this wave count? I don't want to encourage shorting it with this PA though. Use it if you find it helpful {image}
EURUSD, short trade. It has been an action-packed day. Lets see how it plays out.
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  • #9,676
  • Dec 2, 2020 10:19am Dec 2, 2020 10:19am
Quoting shahab8b
{quote} EURUSD, short trade. It has been an action-packed day. Lets see how it plays out. {image}
EURUSD, it seems the pair hasn't done going up yet. The short trade ideas may include selling 1.21 with a tight sl (10 or 15 pips) or waiting for a break of 1.2040 (which may form a small double top on H1)
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  • #9,677
  • Dec 2, 2020 10:50am Dec 2, 2020 10:50am
Quoting shahab8b
GBPUSD, possible long and short setups on the chart. {image}
GBPUSD, long trade udpate, sl moved to b/e. I think some traders took the same long trade @ 1.33 as it was an easy trade. It may be a good practice to take partial profit here (40-50 pips). Possible long and short setups on the chart.
Attached Image (click to enlarge)
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  • #9,678
  • Dec 2, 2020 11:11am Dec 2, 2020 11:11am
Quoting shahab8b
EURAUD, possible short setups {image}
EURAUD, short trade, a regular confluence setup (RN + Fib).
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  • #9,679
  • Dec 2, 2020 1:02pm Dec 2, 2020 1:02pm
Quoting tehtawar
Anyone? {image}
lol got stopped out
Stay low, Go fast - No luck, All skill
  • #9,680
  • Dec 2, 2020 1:03pm Dec 2, 2020 1:03pm
Quoting shahab8b
{quote} That level (0.90) is blown. It touched that level 2 or 3 times before. I did take a long after that bullish candle on H4 but I got stopped out. {image}
Yeah -10p sir, next opportunity wait
Stay low, Go fast - No luck, All skill
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