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Weekly COT report Analysis + Trade Ideas

  • #10,241
  • Dec 14, 2020 8:17am Dec 14, 2020 8:17am
Quoting C-12
Some decent levels on GBP crosses here - GBPCAD 1.7150/50% and GBPNZD 1.89/61.8%, GBPCHF 1.19 and EG both previously posted.
GBPNZD 1.89 not looing too shabby.
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  • #10,242
  • Dec 14, 2020 8:18am Dec 14, 2020 8:18am
Quoting C-12
{quote} That was super smooth work on UJ. You took that initially as scalp on M5 and then held it like a champ. Very impressive. That is years of experience at play and simply can't be taught.
Yes, it worked well. It is easier to hold a position when you have a bias. As you know I've been bearish UJ for a very long time.

Maybe we can do this with the GU short.

I'm also scalping short EU.
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  • #10,243
  • Dec 14, 2020 8:23am Dec 14, 2020 8:23am
Quoting C-12
Some decent levels on GBP crosses here - GBPCAD 1.7150/50% and GBPNZD 1.89/61.8%, GBPCHF 1.19 and EG both previously posted.
I took you up on GBPCHF short 1.19. These GBP trades have been very clean, almost zero DD, the way I like it.
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  • #10,244
  • Dec 14, 2020 8:24am Dec 14, 2020 8:24am
Quoting shahab8b
{quote} Yes, it worked well. It is easier to hold a position when you have a bias. As you know I've been bearish UJ for a very long time. Maybe we can do this with the GU short. I'm also scalping short EU. {image}
GBP shorts looking good here across the board.

For EU I am only interested in 1.22, 1.20 and 1.19. Had too many fingers burned on this pair last week, but your scalp sell looks good.

UCHF off 0.8850 ?
  • #10,245
  • Dec 14, 2020 8:28am Dec 14, 2020 8:28am
Quoting C-12
{quote} GBP shorts looking good here across the board. For EU I am only interested in 1.22, 1.20 and 1.19. Had too many fingers burned on this pair last week, but your scalp sell looks good. UCHF off 0.8850 ?
The EU short scalp is mostly based on your 0.75RN setup (1.2175).
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  • #10,246
  • Dec 14, 2020 8:35am Dec 14, 2020 8:35am
Quoting shahab8b
{quote} The EU short scalp is mostly based on your 0.75RN setup (1.2175). {image}
I guess I need to credit Ilian Yotov for this one for putting me on to his quarters theory.

Those numbers are a nice little addition for intraday setups, especially on major pairs.

And of course GU had to bounce off 1.3375!
  • #10,247
  • Dec 14, 2020 8:52am Dec 14, 2020 8:52am
Quoting shahab8b
{quote} The EU short scalp is mostly based on your 0.75RN setup (1.2175). {image}
On the topic of 0.75RN... AUDUSD 0.75750?
  • #10,248
  • Dec 14, 2020 9:03am Dec 14, 2020 9:03am
In case someone is wondering if these stuff work on Bitcoin.
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  • #10,249
  • Dec 14, 2020 9:15am Dec 14, 2020 9:15am
Quoting C-12
{quote} On the topic of 0.75RN... AUDUSD 0.75750?
I've realized these 0.75RN work well for intraday scalping. That's what I was doing on AU (0.7575). It dropped way more than I expected.
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  • #10,250
  • Dec 14, 2020 9:20am Dec 14, 2020 9:20am
i am a little bit quiet here.. stop out with EN.. :-p

my trade today is is looking a good entry for usd pair.. i love when Mr. S with me
EU, Set To Be.
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  • #10,251
  • Dec 14, 2020 9:23am Dec 14, 2020 9:23am
Quoting shahab8b
USDCHF, trend is bearish below 0.89. Possible setups {image}
USDCHF, long trade. There is bullish divergence on H4. If it can break above 0.89, it will form a double bottom.

Quoting C-12
{quote} GBP shorts looking good here across the board. For EU I am only interested in 1.22, 1.20 and 1.19. Had too many fingers burned on this pair last week, but your scalp sell looks good. UCHF off 0.8850 ?
Yes, I posted the setup
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  • #10,252
  • Dec 14, 2020 9:30am Dec 14, 2020 9:30am
Quoting meugampong
i am a little bit quiet here.. stop out with EN.. :-p my trade today is is looking a good entry for usd pair.. i love when Mr. S with me EU, Set To Be. {image}
Great job M!

I think it can form a double top if it breaks below the TL and 1.2050/60. But don't forget to do a partial TP.
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  • #10,253
  • Dec 14, 2020 9:37am Dec 14, 2020 9:37am
Quoting shahab8b
{quote} Great job M! I think it can form a double top if it breaks below the TL and 1.2050/60. But don't forget to do a partial TP. {image}
i do sir, i'll do some Sl trail or TP..

AU looking better, breaking TL.. but i dont know if it hold.. waiting for h1 closing candle..

all my entries right now at BE..
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  • #10,254
  • Dec 14, 2020 9:39am Dec 14, 2020 9:39am
Here we go GU.
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Le$$ I$ More
  • #10,255
  • Edited 10:16am Dec 14, 2020 9:53am | Edited 10:16am
Quoting shahab8b
{quote} I've realized these 0.75RN work well for intraday scalping. That's what I was doing on AU (0.7575). It dropped way more than I expected. {image}
Oh yes, it seems 0.75RN is delivering the goods consistently. I see USDCAD again off 1.2725!

And I was sat with a pending on 1.27...

Got a few others though

Quoting C-12
Possible retracement short arriving at 1.3450. {image}
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  • #10,256
  • Dec 14, 2020 10:19am Dec 14, 2020 10:19am
Quoting C-12
{quote} Oh yes, it seems 0.75RN is delivering the goods consistently. I see USDCAD again off 1.2725! And I was sat with a pending on 1.27... Got a few others though {quote} {image} {image} {image}
Nice going C!
Yes, I've noticed that on UCAD. I went long after it broke above the TL. It might be forming a double bottom on H4.
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  • #10,257
  • Dec 14, 2020 10:22am Dec 14, 2020 10:22am
Now the question is should we be buying the dips on EU and GU or should we be selling the rallies?
  • #10,258
  • Dec 14, 2020 10:27am Dec 14, 2020 10:27am
Quoting shahab8b
{quote} Nice going C! Yes, I've noticed that on UCAD. I went long after it broke above the TL. It might be forming a double bottom on H4. {image}
Nicely done. I almost took the plunge too but these days those type PA entries seems like late entry to us.

This is a very good start to the week.. What other method of trading can serve up this amount of positive pips...on a Monday?!

Now to make sure we bank up via partials and not give anything back.
  • #10,259
  • Dec 14, 2020 10:28am Dec 14, 2020 10:28am
Quoting shahab8b
Now the question is should we be buying the dips on EU and GU or should we be selling the rallies?
No surprises for us where EU just bounced on. That RN @ 1.21 looks nicely placed at 61.8 for tomorrow for possible long.

It's probably s too early to call the USD officially a bull, but some early signs building.
  • #10,260
  • Dec 14, 2020 10:41am Dec 14, 2020 10:41am
Quoting meugampong
{quote} Price breaking up diagonal pattern. this setup is counter trend trade.. long is against main trend on daily TF.. but i take a chance for retacement on daily TF. retracement on big Tf is reversal on lower TF.. SL always 25 Pips, TP, let me decide it later.. {image}
bring my money back... if hit BE im still win 5 Pips..

hahaha..
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