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Weekly COT report Analysis + Trade Ideas

  • #10,021
  • Dec 9, 2020 11:11am Dec 9, 2020 11:11am
Quoting C-12
USDX chart. {image}
I see what you mean. Based on the charts, EU and GU can have a leg up from here.

I don't like switching to longs yet. let's wait and see how D1 closes.
  • #10,022
  • Dec 9, 2020 11:14am Dec 9, 2020 11:14am
Quoting shahab8b
{quote} I see what you mean. Based on the charts, EU and GU can have a leg up from here. Let's wait and see how it plays out.
I think it's knife edge but I'll certainly be looking to join the short club if this breaks. and now that 1.2075 has gone, this looks like a stronger case.

Yep that's the evidence in now. It's a shame to miss the turn but I have a long track record of being stubborn on a target.
  • #10,023
  • Dec 9, 2020 11:27am Dec 9, 2020 11:27am
Quoting C-12
{quote} I think it's knife edge but I'll certainly be looking to join the short club if this breaks. and now that 1.2075 has gone, this looks like a stronger case. Yep that's the evidence in now. It's a shame to miss the turn but I have a long track record of being stubborn on a target.
GU has a lot of S levels on its way down. I think it will have difficulty breaking below the TL and 1.3350.

EU looks better though. I see S @ 1.2040/50. After that 1.20.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 129 456.png Size: 43 KB
  • #10,024
  • Dec 9, 2020 11:31am Dec 9, 2020 11:31am
AUDUSD, I should stop looking at this chart today, haha. Possible long setup @ 0.74
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH4 129 845.png Size: 30 KB
  • #10,025
  • Dec 9, 2020 11:32am Dec 9, 2020 11:32am
Quoting shahab8b
{quote} GU has a lot of S levels on its way down. I think it will have difficulty breaking below that TL and 1.3350. EU looks better though. I see S @ 1.2040/50. After that 1.20. {image}
Yes I can see the errors in my judgement. This was the DX chart I should have been watching more closely.
Attached Image (click to enlarge)
Click to Enlarge Name: DX.PNG Size: 58 KB
  • #10,026
  • Dec 9, 2020 11:35am Dec 9, 2020 11:35am
Quoting C-12
{quote} Yes I can see the errors in my judgement. This was the DX chart I should have been watching more closely. {image}
I see what you mean. EU chart looks good to remain short atm unless we get a strong rally before today close.
  • #10,027
  • Dec 9, 2020 11:38am Dec 9, 2020 11:38am
Uj breaking decending triangle, my target at 105. Locked BE
Attached Image (click to enlarge)
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  • #10,028
  • Dec 9, 2020 11:54am Dec 9, 2020 11:54am
EURUSDdaily sell position.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDdaily.png Size: 38 KB
  • #10,029
  • Dec 9, 2020 12:05pm Dec 9, 2020 12:05pm
Quoting shahab8b
{quote} USDCAD, long trade. I hope everyone took this one. It was an easy trade really. {quote} 1.2775 was the key level as we talked about it. I think USDCAD has formed a short term triple bottom. Let's see if it can clear 1.2850 {image}
USDCAD needs to clear above 1.2830 to form a triple bottom.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 129 876.png Size: 31 KB
  • #10,030
  • Dec 9, 2020 12:18pm Dec 9, 2020 12:18pm
GBPUSD, if it remains above 1.3350 and TL, there is a chance for another leg up.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 129 345.GIF Size: 78 KB
  • #10,031
  • Edited 12:48pm Dec 9, 2020 12:27pm | Edited 12:48pm
Quoting C-12
{quote} Worth a look at EURNZD and 1.71 and EURAUD at 1.63. It's a shame that EURAUD 1.62 hit break even but this could be a nice reload.
Anyone else grab a slice of these two? EA was very close to a stop out but rose up off the canvas like the undertaker, now BE.

NZDUSD - Nice round trip.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EAEN.PNG Size: 57 KB
Click to Enlarge Name: NU.PNG Size: 54 KB
  • #10,032
  • Dec 9, 2020 12:33pm Dec 9, 2020 12:33pm
Quoting meugampong
Uj breaking decending triangle, my target at 105. Locked BE {image}
The US equities are falling today. Traditionally the best trades are short AU, NU, and long UCAD. Short UJ used to be a great trade during the financial crisis in 2008. UJ long is less favorable under these conditions.
  • #10,033
  • Dec 9, 2020 12:40pm Dec 9, 2020 12:40pm
EURJPY
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 1234.GIF Size: 64 KB
  • #10,034
  • Dec 9, 2020 12:45pm Dec 9, 2020 12:45pm
Quoting shahab8b
{quote} The US equities are falling today. Traditionally the best trades are short AU, NU, and long UCAD. Short UJ used to be a great trade during the financial crisis in 2008. UJ long is less favorable under these conditions.
closed immediately, risk aversion if im not wrong.. safe haven.. do im right sir..
thank you very much for your advice sir
  • #10,035
  • Dec 9, 2020 12:47pm Dec 9, 2020 12:47pm
Quoting C-12
{quote} Anyone else grab a slice of these two? EA was very close to a stop out but rose up off the canvas like the undertaker, now BE. {image}
Well done! I've been running several trades today, cant take them all.
  • #10,036
  • Dec 9, 2020 12:51pm Dec 9, 2020 12:51pm
Quoting shahab8b
{quote} Well done! I've been running several trades today, cant take them all.
It seems the first 2 - 3 days of a trading week is a bit of a tough grind, but once you've got a few nice runners locked in it then becomes a lot easier to stack and run.

But I agree, it's not like we're playing Pokémon here. But really there's a lot of opportunity out there.
  • #10,037
  • Dec 9, 2020 12:52pm Dec 9, 2020 12:52pm
Quoting meugampong
{quote} closed immediately, risk aversion if im not wrong.. safe haven.. do im right sir..
I didn't tell you to close your trade. I was just sharing some info. You are a very good trader. Some of your trades are opposite to my trades, but that doesn't mean you are wrong.
  • #10,038
  • Dec 9, 2020 12:56pm Dec 9, 2020 12:56pm
USDJPY, long and short setups on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4 129 .png Size: 31 KB
  • #10,039
  • Dec 9, 2020 1:19pm Dec 9, 2020 1:19pm
Quoting shahab8b
{quote} I didn't tell you to close your trade. I was just sharing some info. You are a very good trader. Some of your trades are opposite to my trades, but that doesn't mean you are wrong.
yes sir, thanks for your good kind word.. i'm not really agood one.. i still need learn much from anyone in this site.. i know how i measure my ability with my trading and its need more practice in example looking closely from your chart and C playing the game..

atm, about UJ.. im looking to weekly chart to rewind PA at 2008, and you are right, beside im not really confidence with UJ, why cause that trade breakout trade as we know it often false breakout.

be honest sir, im a villager, meugampong mean villager person..

with your style of trading that i learn here, trully, its almost 400% gain (starting with a llitle money) in one and half month on my equity.. and i not worries anymore about hitting SL and BE, because its just a little amount vs my profit ..

im to shy asking to much to you even inbox you, why..i promise my self being a good student with limitating the question, but i must really absord what your meaning as teacher talk, and following how you do and action.

but.. as human.. again..let me said it again in deep of my hearth.. u are my best teacher in financial chart..

and other plus is offcourse my english writing is better than before because reply in this thread often.. trying as i can to not using google translate.. lol..

good night sir.. its 2am here .. tomorrow i must working again.. all

what a good day trade today with you guys.
  • #10,040
  • Dec 9, 2020 1:26pm Dec 9, 2020 1:26pm
Quoting shahab8b
GBPUSD, if it remains above 1.3350 and TL, there is a chance for another leg up. {image}
GBPUSD, long trade. I will be looking to switch to the short side just below 1.3450/70.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 12980.png Size: 39 KB
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