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Weekly COT report Analysis + Trade Ideas

  • #10,041
  • Dec 9, 2020 1:31pm Dec 9, 2020 1:31pm
Quoting shahab8b
{quote} GBPUSD, long trade. I will be looking to switch to the short side just below 1.3450/70. {image}
Yep, I like the idea. Also this EU. Something is not sitting right with me here about this bearish move.

Now my senses are tingling and I need to find a long position.
  • #10,042
  • Dec 9, 2020 1:36pm Dec 9, 2020 1:36pm
Quoting C-12
{quote} Yep, I like the idea. Also this EU. Something is not sitting right with me here about this bearish move. Now my senses are tingling and I need to find a long position.
I prefer GU long for a brief ride more than EU though. I think EU will go down again after a small leg up, so I'm holding the short position. EU probably wants 1.20. It's more clear. GU chart is not clear.
  • #10,043
  • Dec 9, 2020 1:40pm Dec 9, 2020 1:40pm
Quoting shahab8b
{quote} I prefer GU long for a short ride more than EU though. I think EU will go down again after a small leg up, so I'm holding the short position. EU probably wants 1.20. It's more clear. GU chart is not clear .
Yes for sure. I need to make sure I'm not imposing my bias on this one since I'm not in the sell. I may look for one if 1.21 gets a retest.

There are a few mechanical reasons to make a bull case from this area.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 27 KB
  • #10,044
  • Dec 9, 2020 1:47pm Dec 9, 2020 1:47pm
Quoting C-12
{quote} Yes for sure. I need to make sure I'm not imposing my bias on this one since I'm not in the sell. I may look for one if 1.21 gets a retest. There are a few mechanical reasons to make a bull case as of this area. {image}
You know it's all speculation at this point. We should wait for our solid levels to be honest.
  • #10,045
  • Dec 9, 2020 1:50pm Dec 9, 2020 1:50pm
Quoting shahab8b
{quote} You know it's all speculation at this point. We should wait for our solid levels to be honest.
Yeah, fair point. This is not an interesting pair at this moment to get hung up on.
  • #10,046
  • Dec 9, 2020 1:52pm Dec 9, 2020 1:52pm
Quoting C-12
{quote} Yes for sure. I need to make sure I'm not imposing my bias on this one since I'm not in the sell. I may look for one if 1.21 gets a retest. There are a few mechanical reasons to make a bull case from this area. {image}
Or you can wait and short it @ 1.21. But that's my bias speaking.
  • #10,047
  • Dec 9, 2020 1:59pm Dec 9, 2020 1:59pm
Quoting C-12
{quote} Yes for sure. I need to make sure I'm not imposing my bias on this one since I'm not in the sell. I may look for one if 1.21 gets a retest. There are a few mechanical reasons to make a bull case from this area. {image}
I agree, 1.21 looks good.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM30 rt567.png Size: 38 KB
  • #10,048
  • Dec 9, 2020 2:17pm Dec 9, 2020 2:17pm
Quoting shahab8b
{quote} GBPUSD, long trade. I will be looking to switch to the short side just below 1.3450/70. {image}
GBPUSD (M1), levels to watch for a possible short setup.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM1 3456.png Size: 41 KB
  • #10,049
  • Dec 9, 2020 2:30pm Dec 9, 2020 2:30pm
Quoting meugampong
{quote} 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...
Thank you for your nice words M. I'm happy to hear you have made 400% gain with this style of trading. C-12 and I have been trying to show everyone that trading does not need to be super complicated. With simple techniques and proper risk management one can succeed. Unfortunately, there are lots of nonsense stuff on this forum (such as trading without SL, martingale trading methods, etc.).

You are a very talented trader and you are eager to learn techniques and skill sets that help you improve your performance. That's a winning mentality right there. I hope that everyone seize this opportunity to explore what C-12 and I have been trying to share here. Not just copy the trades, but learn the technique and approach. Because, speaking about myself, not C-12, we may not be posting actively in the future.
  • #10,050
  • Dec 9, 2020 2:49pm Dec 9, 2020 2:49pm
Quoting shahab8b
{quote} Thank you for your nice words M. I'm happy to hear you have made 400% gain with this style of trading. C-12 and I have been trying to show everyone that trading does not need to be super complicated. With simple techniques and proper risk management one can succeed. Unfortunately, there are lots of nonsense stuff on this forum (such as trading without SL, martingale trading methods, etc.). You are a very talented trader and you are eager to learn techniques and skill sets that help you improve your performance. That's a winning mentality...
Cheers S

Truth is I am still learning too and only 3 months into this method of level trading and getting new insights every single day. It's been a massive turnaround and let's hope that will continue. I guess it helps i'm a little further than most in terms of years of screen time and experience. It takes a while and this is the right way.

My journey as a full time trader is still pretty new. I'll actually be a away for a bit as I'm moving to Thailand in January to live. As soon as I land it's full throttle mode again.
  • #10,051
  • Dec 9, 2020 3:38pm Dec 9, 2020 3:38pm
Quoting C-12
{quote} Cheers S Truth is I am still learning too and only 3 months into this method of level trading and getting new insights every single day. It's been a massive turnaround and let's hope that will continue. I guess it helps i'm a little further than most in terms of years of screen time and experience. It takes a while and this is the right way. My journey as a full time trader is still pretty new. I'll actually be a away for a bit as I'm moving to Thailand in January to live. As soon as I land it's full throttle mode again. ...
Thanks C. I believe you have been trading based on a very similar concept (the S&D concept plays an important role here as well), and you just added a few elements that help you improve the overall performance.

You are moving to Thailand? Oh boy, that's sound exciting!! I wish you the best of luck as you begin a new chapter in your life.
  • #10,052
  • Dec 9, 2020 3:48pm Dec 9, 2020 3:48pm
QQQ (Nasdaq 100 ETF). That daily candle is very bearish imo.
Attached Image (click to enlarge)
Click to Enlarge Name: 129 QQQ.GIF Size: 68 KB
  • #10,053
  • Edited 4:22pm Dec 9, 2020 4:09pm | Edited 4:22pm
Quoting shahab8b
{quote} Thanks C. I believe you have been trading based on a very similar concept (the S&D concept plays an important role here as well), and you just added a few elements that help you improve the overall performance. You are moving to Thailand? Oh boy, that's sound exciting!! I wish you the best of luck as you begin a new chapter in your life.
Cheers S, yes I was trading SD with PA for years and was doing ok in patches, but I knew something was missing. It was all too discretionary and you probably know I'm not the most disciplined of traders. I am not particularly bright either, but I am relentlessly hard working and determined to find answers.

When I found this thread it all came together. Even now, new discoveries about half/quarter levels around highs and lows. All of this simple stuff and nobody has any idea this is going on right in front of their eyes. If I can get half as close to your level of trading ability then I will be very happy.

Thailand has been in the pipeline for years. I put my mind fully on it years ago and things fell into place. That's another big key for unlocking trading a lot of people don't realise is its all created in the mind and anything is possible.
  • #10,054
  • Dec 9, 2020 4:28pm Dec 9, 2020 4:28pm
Quoting shahab8b
{quote} GBPUSD (M1), levels to watch for a possible short setup. {image}
GBPUSD, short trade. 1.34 worked its magic.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 rt5.png Size: 33 KB
  • #10,055
  • Dec 9, 2020 4:31pm Dec 9, 2020 4:31pm
Quoting shahab8b
{quote} GBPUSD, short trade. 1.34 worked its magic. {image}
Hahah i knew that coming.
  • #10,056
  • Dec 9, 2020 4:31pm Dec 9, 2020 4:31pm
Quoting C-12
{quote} Hahah i knew that coming.
Are you in?
  • #10,057
  • Dec 9, 2020 4:34pm Dec 9, 2020 4:34pm
Quoting shahab8b
{quote} Are you in?
I got a piece on. I was looking at that sell to add some more, but this ECN broker is a bit of a spread monster around rollover. Need to watch positions closely around this time.

Got some EG on 0.90 50%, can't remember if posted this one.
Attached Images
  • #10,058
  • Dec 9, 2020 4:41pm Dec 9, 2020 4:41pm
Quoting C-12
{quote} Cheers S, yes I was trading SD with PA for years and was doing ok in patches, but I knew something was missing. It was all too discretionary and you probably know I'm not the most disciplined of traders. I am not particularly bright either, but I am relentlessly hard working and determined to find answers. When I found this thread it all came together. Even now, new discoveries about half/quarter levels around highs and lows. All of this simple stuff and nobody has any idea this is going on right in front of their eyes. If I can get half...
Thank you for your kind words C. You are a great trader. I always enjoyed reading your S, D, and PA thread.

I believe "you see what you're looking for". Many traders have visited my thread, but very few have shown great interests in learning these simple methods.
  • #10,059
  • Edited 5:25pm Dec 9, 2020 4:46pm | Edited 5:25pm
Quoting shahab8b
{quote} EURGBP, the box setup provided a good short trade. Possible long setup @ 0.90 {image}
..
Quoting C-12
{quote} I got a piece on. I was looking at that sell to add some more, but this ECN broker is a bit of a spread monster around rollover. Need to watch positions closely around this time. Got some EG on 0.90 50%, can't remember if posted this one. {image} {image}
I have posted that setup before. Everyone knows at what level we are taking our trades. If they don't then they have not paid enough attention.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1 rt4.png Size: 29 KB
  • #10,060
  • Dec 9, 2020 4:53pm Dec 9, 2020 4:53pm
Quoting shahab8b
{quote} Thank you for your kind words C. You are a great trader. I always enjoyed reading your S, D, and PA thread. I believe "you see what you're looking for". Many traders have visited my thread, but very few have shown great interests in learning these simple methods.
It must be one of those threads where people need to be ready for it. Maybe 2-3 years ago it would not have made sense to me either.

I think we all started our journey with trendlines, patterns, fibs, round numbers etc and end up going over to other things.. how many traders really commit to learning these things on deep level of understanding? I came full circle.

It seems you figured this all out in this quiet corner and now people are taking notice. But still they're probably not seeing it and there's not much more you can do to make it clearer.

Quoting shahab8b
{quote} .. {quote} I have posted that setup before. Everyone knows at what level we are taking our trades. If they don't then they have not paid enough attention.
Oh yes you did! haha cheers. It has been a long old day!
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