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Weekly COT report Analysis + Trade Ideas

  • #10,101
  • Dec 10, 2020 9:06am Dec 10, 2020 9:06am
I got stopped out of EU, AU, and UCHF positions. EU wants 1.22.
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  • #10,102
  • Dec 10, 2020 9:08am Dec 10, 2020 9:08am
USDCAD short position is looking good. Possible long setup coming @ 1.27. But I will be cautious about long USD. The USD is looking very weak.
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  • #10,103
  • Dec 10, 2020 9:15am Dec 10, 2020 9:15am
Quoting shahab8b
I got stopped out of EU, AU, and UCHF positions. EU wants 1.22. {image}
Yes same here. Took a few hits today. I guess this the game we're playing of playing counter trend reversal setups on a trending day.

I have reloaded on EU 1.2150 and AU 0.75250, tight stops on both. Let's at least get some pips back in the bag.

Good hold on USDCAD.
  • #10,104
  • Dec 10, 2020 9:19am Dec 10, 2020 9:19am
GBPCHF short trade.
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  • #10,105
  • Dec 10, 2020 9:25am Dec 10, 2020 9:25am
Quoting C-12
{quote} Yes same here. Took a few hits today. I guess this the game we're playing of playing counter trend reversal setups on a trending day. I have reloaded on EU 1.2150 and AU 0.75250, tight stops on both. Good hold on USDCAD.
I always look at the overall performance. This week has been perfect till this morning. And other trades including those crosses provided amazing results (GBPCAD closed with 200 pips and GBPCHF trade still running).
  • #10,106
  • Dec 10, 2020 9:32am Dec 10, 2020 9:32am
Quoting shahab8b
{quote} I always look at the overall performance. This week has been perfect till this morning. And other trades including those crosses provided amazing results (GBPCAD closed with 200 pips and GBPCHF trade still running).
I know exactly what you mean. It's never fun when good levels get blown out. It can easily go the other way and reverse off the pip as we see day in day out.

I've chopped a few nice running swings to cover the hits. It is what it is, but I think we might be getting close to some turns here. At least scalpable plays.
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  • #10,107
  • Dec 10, 2020 9:36am Dec 10, 2020 9:36am
Quoting C-12
{quote} Yes same here. Took a few hits today. I guess this the game we're playing of playing counter trend reversal setups on a trending day. I have reloaded on EU 1.2150 and AU 0.75250, tight stops on both. Let's at least get some pips back in the bag. Good hold on USDCAD.
Like you, I took EU 1.2150 for a quick scalp. I'm not sure if it has more than 25-30 pips in it.
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  • #10,108
  • Dec 10, 2020 9:48am Dec 10, 2020 9:48am
Quoting shahab8b
{quote} Like you, I took EU 1.2150 for a quick scalp. I'm not sure if it has more than 25-30 pips in it. {image}
Just took AJ 78.50, solid FB location on the D1 into supply. AUD I think is getting close. This wont need a lot of space to confirm.
  • #10,109
  • Dec 10, 2020 9:51am Dec 10, 2020 9:51am
Quoting shahab8b
{quote} AUDJPY, long trade. Possible short setup @ 78 and 78.50. I prefer the latter. {image}
AJ

Quoting C-12
{quote} Just took AJ 78.50, solid FB location on the D1. AUD is getting close.
Yea, good call. I posted that setup before
  • #10,110
  • Dec 10, 2020 9:58am Dec 10, 2020 9:58am
AUDUSD, in hindsight, I should have kept my long trade. Possible short setup @ 0.76
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  • #10,111
  • Dec 10, 2020 10:00am Dec 10, 2020 10:00am
Quoting shahab8b
{quote} AJ {quote} Yea, good call. I posted that setup before
Has all the same ingredients as that nice EURCAD 1.57 you took last week.

Also took a long off UJ. It is actually the only setup I can find today that's not a counter play. Of course longs UJ is not exactly the most exciting of trades.
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  • #10,112
  • Dec 10, 2020 10:05am Dec 10, 2020 10:05am
Quoting C-12
{quote} Has all the same ingredients as that nice EURCAD 1.57 you took last week. Also took a long off UJ. It is actually the only setup I can find today that's not a counter play. Of course longs UJ is not exactly the most exciting of trades. {image}
GU offered a trend setup @ 1.33. I added another short. GU has been kind to me.
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  • #10,113
  • Dec 10, 2020 10:06am Dec 10, 2020 10:06am
Quoting shahab8b
{quote} Like you, I took EU 1.2150 for a quick scalp. I'm not sure if it has more than 25-30 pips in it. {image}
think positive.
i dont want anyone shorting this pair.
i want just buyers! it will come to me in the end of the road.
  • #10,114
  • Dec 10, 2020 10:11am Dec 10, 2020 10:11am
Quoting shahab8b
{quote} GU offered a trend setup @ 1.33. I added another short. GU has been kind to me. {image}
Still holding short. They will need to remove that out of my cold dead fingers as this is a no brainer for 1.32.

Ok we might have something here. PA looks interesting off 0.8850 on USDCHF
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  • #10,115
  • Dec 10, 2020 10:21am Dec 10, 2020 10:21am
Quoting C-12
{quote} Still holding short. They will need to remove that out of my cold dead fingers as this is a no brainer for 1.32. Ok we might have something here. PA looks interesting off 0.8850 on USDCHF {image}
Yes, I've noticed that. EU 1.2150 is looking better too. But the trend remains bullish above 1.2080/1.21.
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  • #10,116
  • Dec 10, 2020 10:30am Dec 10, 2020 10:30am
Quoting shahab8b
{quote} Yes, I've noticed that. EU 1.2150 is looking better too. But the trend remains bullish above 1.2080/1.21. {image}
This PA is interesting indeed but hard to see a full reversal on this alone. Let's see if USDCAD can serve up 1.27 at some point today.

Also EURAUD - approaching 1.61, another RN below a key swing level. Of course in hindsight now 1.64 sell on D1 looked very good you took that one.
  • #10,117
  • Dec 10, 2020 11:40am Dec 10, 2020 11:40am
EURUSD support: 1.2055, resistance: 1.2175, 1.2320, 1.2500.
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  • #10,118
  • Dec 10, 2020 11:48am Dec 10, 2020 11:48am
Quoting shahab8b
{quote} EURGBP, long trade update. Possible short setup on the chart. {image}
EURGBP short trade.
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  • #10,119
  • Dec 10, 2020 11:55am Dec 10, 2020 11:55am
USDCHF
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  • #10,120
  • Dec 10, 2020 12:40pm Dec 10, 2020 12:40pm
USDJPY, scalping short based on confluence setup.
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