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Weekly COT report Analysis + Trade Ideas

  • #9,721
  • Dec 3, 2020 9:28am Dec 3, 2020 9:28am
Scalping short EU, sl 10 pips
  • #9,722
  • Dec 3, 2020 9:37am Dec 3, 2020 9:37am
GBPUSD, I'm keeping an eye on 1.35 level for a possible short trade. Let's see the reaction.
Attached Image (click to enlarge)
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  • #9,723
  • Dec 3, 2020 10:03am Dec 3, 2020 10:03am
Quoting shahab8b
Scalping short EU, sl 10 pips
The chart for that short scalp. I'm gonna move sl to b/e. We have a vertical uptrend here.
Attached Image (click to enlarge)
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  • #9,724
  • Dec 3, 2020 10:12am Dec 3, 2020 10:12am
Quoting shahab8b
GBPUSD, I'm keeping an eye on 1.35 level for a possible short trade. Let's see the reaction. {image}
GBPUSD, short trade. It's a classic RN trade. I'm gonna move sl to b/e. This is a counter trend trade.
Attached Image (click to enlarge)
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  • #9,725
  • Dec 3, 2020 12:00pm Dec 3, 2020 12:00pm
Quoting shahab8b
NZDUSD is probably heading to 0.72. Possible short setup @ 0.71 {image}
NZDUSD, short trade, another simple RN trade.
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  • #9,726
  • Dec 3, 2020 12:07pm Dec 3, 2020 12:07pm
EURCAD short trade, it turned out it needed a RN. The setup was combination of wedge pattern, bearish candle, and RN.
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  • #9,727
  • Dec 3, 2020 12:14pm Dec 3, 2020 12:14pm
GBPCAD, another example of confluence setup. I didn't take the trade as I had several trades running.

PS. you guys should not wait for me to post setups. I'm gonna cut down the number of setups I post from now on. I think I've posted enough examples. So everyone can use these simple techniques. Now it's your turn to do the work.

Best,
S
Attached Image (click to enlarge)
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  • #9,728
  • Dec 3, 2020 12:35pm Dec 3, 2020 12:35pm
Quoting shahab8b
USDCHF is forming a diagonal. It is similar to EU chart (opposite direction ofc). Not a high probability pattern. But I am looking for possible long setup here or @ .89 {image}
USDCHF, long trade.
Attached Image (click to enlarge)
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  • #9,729
  • Dec 3, 2020 1:24pm Dec 3, 2020 1:24pm
Quoting shahab8b
{quote} GBPUSD, short trade. It's a classic RN trade. I'm gonna move sl to b/e. This is a counter trend trade. {image}
what is your typical stoploss level?
Le$$ I$ More
  • #9,730
  • Dec 3, 2020 5:50pm Dec 3, 2020 5:50pm
Quoting shahab8b
GBPUSD, I'm keeping an eye on 1.35 level for a possible short trade. Let's see the reaction. {image}
GBPUSD, short trade update. I hope everyone took this easy trade. Plenty of time to take a trade. On top of that, a triple top formation on M5/M1.
Attached Image (click to enlarge)
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  • #9,731
  • Dec 3, 2020 5:53pm Dec 3, 2020 5:53pm
Quoting Roszey
{quote} what is your typical stoploss level?
I use a variable SL based on the pair and H1 ATR (usually between 10-30 pips). For EU, AU, and UJ is usually 15-20 pips or sometimes less. for GU is between 20-30.
  • #9,732
  • Dec 3, 2020 5:59pm Dec 3, 2020 5:59pm
GBPUSD remains bullish above 1.33. Possible long setups on the chart.
Attached Image (click to enlarge)
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  • #9,733
  • Dec 3, 2020 6:04pm Dec 3, 2020 6:04pm
Quoting shahab8b
{quote} The chart for that short scalp. I'm gonna move sl to b/e. We have a vertical uptrend here. {image}
EURUSD, short trade update. The trend remains bullish. Possible long setups on the chart. Possible short setup @ 1.22
Attached Image (click to enlarge)
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  • #9,734
  • Dec 3, 2020 6:08pm Dec 3, 2020 6:08pm
USDJPY, short trade. Possible short and long setups on the chart.
Attached Image (click to enlarge)
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  • #9,735
  • Dec 3, 2020 8:44pm Dec 3, 2020 8:44pm
Quoting shahab8b
USDJPY, short trade. Possible short and long setups on the chart. {image}

You stole my thunder. Lol

Already short the Yen. Looks like I'm about to be stopped out.

The set-up:

Attached Image (click to enlarge)
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The entry:

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Being right and sitting tight:

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Without VSA, you're playing checkers while the Smart Money plays chess.
  • #9,736
  • Edited 4:04am Dec 4, 2020 1:25am | Edited 4:04am
Quoting shahab8b
{quote} GBPUSD, short trade update. I hope everyone took this easy trade. Plenty of time to take a trade. On top of that, a triple top formation on M5/M1. {image}
It seems your entries have become a little untidy in my absence. Need to up your performance. Just joking of course, great trade!

I was thinking of quitting FF. I was aware this place was becoming a bit of a goldfish bowl and unfortunately I found a few sharks swimming around the edges.

Of course after running my own thread for 8 years I have pretty thick skin. But I was really wondering what was the point.
Attached Image (click to enlarge)
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  • #9,737
  • Edited 3:21am Dec 4, 2020 1:34am | Edited 3:21am
Quoting shahab8b
PS. you guys should not wait for me to post setups. I'm gonna cut down the number of setups I post from now on. I think I've posted enough examples. So everyone can use these simple techniques. Now it's your turn to do the work. Best, S {image}
Perhaps in the new year we should setup a group? Discord or similar app. We can do a lot with it including having learning sections, intraday charts and allow any active users to participate? A bit more options, easier to use and bit more interactive.

If people want to be involved they can help put in the leg work too and we cast a wide net across all 28 pairs / instruments.

We can share nice setups as this EURGBP / EURAUD long in advance + real-time in a slightly more organised and less linear format.
Attached Image(s) (click to enlarge)
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  • #9,738
  • Dec 4, 2020 4:03am Dec 4, 2020 4:03am
Quoting shahab8b
GBPUSD remains bullish above 1.33. Possible long setups on the chart. {image}
GBPUSD, long trade.
Attached Image (click to enlarge)
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  • #9,739
  • Dec 4, 2020 4:08am Dec 4, 2020 4:08am
Quoting shahab8b
{quote} GBPUSD, long trade. {image}
Great catch and right on the 38.2 of last leg up. I added on the counter here it seems. Let's see. Playing with fire here.

EURGBP - Added to this one. Tight SL given Brexit news.
Attached Image(s) (click to enlarge)
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  • #9,740
  • Dec 4, 2020 4:10am Dec 4, 2020 4:10am
Quoting C-12
{quote} It seems your entries have become a little untidy in my absence. Need to up your performance. Just joking of course, great trade! I was thinking of quitting FF. I was aware this place was becoming a bit of a goldfish bowl and unfortunately I found a few sharks swimming around the edges. Of course after running my own thread for 8 years I have pretty thick skin. But I was really wondering what was the point. {image}
Haha. I know my entry was sloppy.

Do you still have your EURNZD long trade (1.7)? It turned out to be a nice swing trade.
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