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Weekly COT report Analysis + Trade Ideas

  • #9,901
  • Dec 8, 2020 6:26am Dec 8, 2020 6:26am
USDCAD, also watching this. It might be forming a double bottom on H4/H1. Let's see how it plays out.
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  • #9,902
  • Dec 8, 2020 6:35am Dec 8, 2020 6:35am
Quoting shahab8b
USDCAD, also watching this. It might be forming a double bottom on H4/H1. Let's see how it plays out. {image}
USDCAD appears it's hit something and a bottom might have been established. A decent engulfing candle formed just under lows. Messy though.

It's given a nice little boost to my flagging ECAD long off. 1.55.

USDJPY might be finally be ready to cook off 104...Another grinder.
  • #9,903
  • Dec 8, 2020 6:42am Dec 8, 2020 6:42am
Quoting C-12
{quote} USDCAD appears it's hit something here and a bottom might have just been established. A decent engulfing candle formed just under lows. Messy though. It's given a nice little boost to my flagging ECAD long off. 1.55. USDJPY might be finally be ready to cook off 104...Another grinder.
I agree. There is something about this level 1.2775. We may get a long swing to 1.30 if this takes off.
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  • #9,904
  • Dec 8, 2020 7:08am Dec 8, 2020 7:08am
Quoting shahab8b
{quote} GBPUSD, short trade update. Possible long setup @ 1.33 and 1.32 {image}
GBPUSD D1, possible long and short setups on the chart.
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  • #9,905
  • Dec 8, 2020 7:32am Dec 8, 2020 7:32am
Quoting shahab8b
{quote} GBPUSD, short trade update. Possible long setup @ 1.33 and 1.32 {image}
Was it because of the news? Why they keep happening at the levels we suggest here based on simple confluence setups? GU long 1.33. Possible short setups on the chart.
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  • #9,906
  • Dec 8, 2020 7:43am Dec 8, 2020 7:43am
Quoting shahab8b
{quote} Was it because of the news? Why they keep happening at the levels we suggest here based on simple confluence setups? GU long 1.33. Possible short setups on the chart. {image}
first long attemp, hit BE, than do some scalp quick move GA, GN..
lastly took long for EG.
  • #9,907
  • Dec 8, 2020 7:46am Dec 8, 2020 7:46am
CHFJPY,
anyone ?, selling on top, need only 10 Pips SL..
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  • #9,908
  • Dec 8, 2020 7:46am Dec 8, 2020 7:46am
Quoting shahab8b
{quote} GBPUSD D1, possible long and short setups on the chart. {image}
Regarding GU, I'm not sold on a short term bullish trend (long term still bullish). I'll wait for daily close to chart it again.
  • #9,909
  • Dec 8, 2020 7:56am Dec 8, 2020 7:56am
Quoting shahab8b
{quote} Regarding GU, I'm not sold on a short term bullish trend (long term still bullish). I'll wait for daily close to chart it again.
Great catch!

Wasn't fast enough on catch 1.33 but I certainly banked profits on it (as we must always do on every RN)

Not sure this about this move. It may well just be a swift stop clearance into 1.33750.
  • #9,910
  • Dec 8, 2020 7:57am Dec 8, 2020 7:57am
GBPUSD might be doing an AB=CD. Let's see how it plays out. Possible short setups posted above, plus this one @ D
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  • #9,911
  • Dec 8, 2020 7:59am Dec 8, 2020 7:59am
Quoting C-12
{quote} Great catch! Wasn't fast enough on catch 1.33 but I certainly banked profits on it (as we must always do on every RN) Not sure this about this move. It may well just be a swift stop clearance into 1.33750.
I don't know. It somehow distorted the chart pattern. I'll have to wait and see how it plays out.
  • #9,912
  • Dec 8, 2020 8:02am Dec 8, 2020 8:02am
Quoting C-12
{quote} Great catch! Wasn't fast enough on catch 1.33 but I certainly banked profits on it (as we must always do on every RN) Not sure this about this move. It may well just be a swift stop clearance into 1.33750.
I missed 1.33 yesterday. I wasn't going to miss it today. It has been an important level recently.
  • #9,913
  • Dec 8, 2020 8:04am Dec 8, 2020 8:04am
Quoting shahab8b
{quote} I don't know. It somehow distorted the chart pattern. I'll have to wait and see how it plays out.
I looked at the GBP cross pairs and noticed it ran directly into some levels.

GBPNZD right on 1.90 and GBPCHF 1.19, GA and GJ supply zones. I might be off track but will see if has follow through

I do agree, GU 1.33 should have been bought. I was slow to act.
  • #9,914
  • Dec 8, 2020 8:05am Dec 8, 2020 8:05am
i think. at this moment every weak of USD just opportunity to gauge our entry, GU, so wild, im lucky at GN and GA

i Took EG long, today mood is bullish..
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  • #9,915
  • Dec 8, 2020 8:08am Dec 8, 2020 8:08am
Quoting meugampong
i think. at this moment every weak of USD just opportunity to gauge our entry, GU, so wild, im lucky at GN and GA i Took EG long, today mood is bullish.. {image}
A better trade would have been shorting the box. I need to find a name for that setup. Let's see if someone can come up with a good name.

Regarding EURGBP, possible long and setup setups @ 0.90 and 0.9150, respectively.
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  • #9,916
  • Dec 8, 2020 8:10am Dec 8, 2020 8:10am
Quoting shahab8b
{quote} A better trade would have been shorting the box. I need to find a name for that setup. Let's see if someone can come up with a good name. {image}
Usually call those SDR's (Supply / Demand Rejections)

Not the most imaginative of terms.
  • #9,917
  • Dec 8, 2020 8:13am Dec 8, 2020 8:13am
Quoting C-12
{quote} Usually call those SDR's (Supply / Demand Rejections) Not the most imaginative of terms.
I prefer calling it "the box" setup, haha.
  • #9,918
  • Dec 8, 2020 8:15am Dec 8, 2020 8:15am
Today, the USD is hopeless again. I am wondering when it is going to make a come back.
  • #9,919
  • Dec 8, 2020 8:16am Dec 8, 2020 8:16am
Quoting shahab8b
{quote} A better trade would have been shorting the box. I need to find a name for that setup. Let's see if someone can come up with a good name. Regarding EURGBP, possible long and setup setups @ 0.90 and 0.9150, respectively. {image}
shahabox
Twitter: Rummer_grapes
  • #9,920
  • Edited 8:30am Dec 8, 2020 8:20am | Edited 8:30am
Quoting shahab8b
{quote} A better trade would have been shorting the box. I need to find a name for that setup. Let's see if someone can come up with a good name. Regarding EURGBP, possible long and setup setups @ 0.90 and 0.9150, respectively. {image}
imho sir, my reason taking long for EG, price not really touch/testing R @91.480, than, price jump out from consolidation box..
4 days candles ago just a pause button.. My SL below today low.

edit, forget to post picture
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