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Weekly COT report Analysis + Trade Ideas

  • #10,181
  • Dec 11, 2020 9:21am Dec 11, 2020 9:21am
Quoting Techanalyst
Strong support on EURUSD at 1.2108.
Yes. It's currently trapped between the 50% levels of yesterday's move up and today's move down. This looks like it could break in either direction.

I am leaning toward the USD bear camp given the trend and lack conviction on the buying side.
  • #10,182
  • Dec 11, 2020 9:29am Dec 11, 2020 9:29am
Quoting C-12
{quote} Yes. It's currently trapped between the 50% levels of yesterday's move up and today's move down. This looks like it could break in either direction. I am leaning toward the USD bear camp given the trend and lack conviction on the buying side.
Not sure what the solution is for USA. But once Biden gets sworn in, I have a feeling they will start a war somewhere... what do you think?
  • #10,183
  • Dec 11, 2020 9:31am Dec 11, 2020 9:31am
Quoting Techanalyst
{quote} Not sure what the solution is for USA. But once Biden gets sworn in, I have a feeling they will start a war somewhere... what do you think?
Ahh right. I am probably the worst person to ask as I don't watch the news apart from scheduled releases. Just charts, levels and setups.
  • #10,184
  • Dec 11, 2020 9:34am Dec 11, 2020 9:34am
Quoting C-12
{quote} Yes. It's currently trapped between the 50% levels of yesterday's move up and today's move down. This looks like it could break in either direction. I am leaning toward the USD bear camp given the trend and lack conviction on the buying side.
Did you take EJ short @ 126.75? It looks like a double top, but it can also offer long setup @ 125.75-80 if the S holds
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYH4 12 1 ty.png Size: 36 KB
  • #10,185
  • Dec 11, 2020 9:45am Dec 11, 2020 9:45am
Quoting shahab8b
{quote} Did you take EJ short @ 126.75? It looks like a double top, but it can also offer long setup @ 125.75-80 if the S holds {image}
I missed this as well, although I still have an alert on 1.27 and of course 1.25 might be good for next week.

I see GBPUSD has just tapped into 1.3250. I have just scalped it.
  • #10,186
  • Dec 11, 2020 9:46am Dec 11, 2020 9:46am
Possible short on the GBP/USD.

Attached Image (click to enlarge)
Click to Enlarge Name: SD-FIB 1.png Size: 130 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,187
  • Dec 11, 2020 9:48am Dec 11, 2020 9:48am
Quoting shahab8b
{quote} EURGBP short trade {image}
EURGBP, short trade, I hope everyone took this one. It was a classic setup: RN and a bearish H1 candle. It couldn't get any easier than this.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1 12 11 rt.png Size: 28 KB
  • #10,188
  • Dec 11, 2020 9:57am Dec 11, 2020 9:57am
Quoting shahab8b
{quote} EURGBP, short trade, I hope everyone took this one. It was a classic setup: RN and a bearish H1 candle. It couldn't get any easier than this. {image}
Shit.

I hate you.

I hate trading.

And most of all I hate me.

I was looking to get LONG at either the top or the bottom of a Supply/Demand Zone. They both have confluence with a FIB Retracement(23.6 and 32.8 respectively) and there are quarter numbers in those areas.

Attached Image (click to enlarge)
Click to Enlarge Name: SD-FIB 2.png Size: 108 KB
Without VSA, you're playing checkers while the Smart Money plays chess.
  • #10,189
  • Dec 11, 2020 10:00am Dec 11, 2020 10:00am
yeah.. i know, its too late,so i promise i will jump firstly if boat sink.. I'm a good swimmer S and C.

Clean Market Structure..
GBP/USD
Attached Image (click to enlarge)
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  • #10,190
  • Dec 11, 2020 10:02am Dec 11, 2020 10:02am
Quoting HiddenGap
{quote} Shit. I hate you. I hate trading. And most of all I hate me. I was looking to get LONG at either the top or the bottom of a Supply/Demand Zone. They both have confluence with a FIB Retracement(23.6 and 32.8 respectively) and there are quarter numbers in those areas. {image}
If I wanted to go long, I would be looking at these levels.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH1 12 1e1 rt.png Size: 35 KB
  • #10,191
  • Dec 11, 2020 10:05am Dec 11, 2020 10:05am
Quoting meugampong
yeah.. i know, its too late,so i promise i will jump firstly if boat sink.. I'm a good swimmer S and C. Clean Market Structure.. GBP/USD {image}
Oh yes, and this is the first really nice clean retracement setup on the majors today.
Attached Image (click to enlarge)
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  • #10,192
  • Dec 11, 2020 10:11am Dec 11, 2020 10:11am
Quoting C-12
{quote} Oh yes, and this is the first really nice clean retracement setup on the majors today. {image}
I love it when we all have the same trade. It's amazing!!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15 12 11 rt.png Size: 33 KB
  • #10,193
  • Dec 11, 2020 10:22am Dec 11, 2020 10:22am
Quoting shahab8b
{quote} I love it when we all have the same trade. It's amazing!! {image}
This one better hit 1.32 before the day is over! Beer and pizza 100% needed to wrap up this crazy week.

Also took you up on EG.
Attached Image (click to enlarge)
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  • #10,194
  • Dec 12, 2020 7:00am Dec 12, 2020 7:00am
EUR/NZD preparing for Possible Long Setup, 1.705 or 1.7
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_554.png Size: 36 KB
  • #10,195
  • Dec 12, 2020 1:33pm Dec 12, 2020 1:33pm
EURUSD remains bullish long term. Trade safe.
Attached Image (click to enlarge)
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  • #10,196
  • Dec 13, 2020 4:19pm Dec 13, 2020 4:19pm
GBPUSD, looking at these levels for possible setups.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH4. 12 13png.png Size: 31 KB
  • #10,197
  • Dec 13, 2020 4:25pm Dec 13, 2020 4:25pm
USDJPY, the trend is bearish below 105. Possible setups
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily 12 13 er.png Size: 36 KB
  • #10,198
  • Dec 13, 2020 4:37pm Dec 13, 2020 4:37pm
Quoting shahab8b
{quote} GBPJPY, short trade update. Under normal circumstances I would consider buying around 136.50. But not today. {image}
GBPJPY, in hindsight, we should have stayed mechanical and bought 137. Possible setups on the charts.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GBPJPYM30 2 34.png Size: 44 KB
  • #10,199
  • Dec 13, 2020 4:43pm Dec 13, 2020 4:43pm
GBPCHF, possible setups
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFH1 123 4.png Size: 39 KB
  • #10,200
  • Dec 13, 2020 4:48pm Dec 13, 2020 4:48pm
GBPCAD, possible setup.

Note, most of these trades are basically short GBP. Split your risk and apply proper risk management when trading these setups. If you are a newbie, trade only one pair.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCADH4 12 13 45.png Size: 27 KB
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