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Weekly COT report Analysis + Trade Ideas

  • #10,261
  • Dec 14, 2020 10:49am Dec 14, 2020 10:49am
Quoting meugampong
{quote} bring my money back... if hit BE im still win 5 Pips.. hahaha.. {image}
that was a nice SW trade
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  • #10,262
  • Dec 14, 2020 10:59am Dec 14, 2020 10:59am
Quoting C-12
{quote} 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.
I'm still scalping, 0.25RN EU (1.2125). I don't have a directional bias atm. I might switch to short again if it goes a little bit higher (50% fib, 0.5RN).
Attached Image (click to enlarge)
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  • #10,263
  • Dec 14, 2020 11:02am Dec 14, 2020 11:02am
Quoting shahab8b
{quote} I'm still scalping, 0.25RN EU (1.2125). I might switch to short again if it goes a little bit higher. {image}
Haha no pip left uncollected... 1.2150 perhaps?
  • #10,264
  • Dec 14, 2020 11:02am Dec 14, 2020 11:02am
Quoting shahab8b
{quote} I'm still scalping, 0.25RN EU (1.2125). I don't have a directional bias atm. I might switch to short again if it goes a little bit higher. {image}
stay long to your original plan to short 1.22.. it will get there.

@shahab8b, im looking at daily, trying to count the waves since the low of november 5th, it could get nasty for bears from here.
maybe 5th wave now? just wonder.
  • #10,265
  • Edited 11:37am Dec 14, 2020 11:18am | Edited 11:37am
I like to short EU, but that TL seems significant. Let's see how it plays out.
Attached Image (click to enlarge)
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  • #10,266
  • Dec 14, 2020 11:20am Dec 14, 2020 11:20am
Quoting C-12
{quote} Haha no pip left uncollected... 1.2150 perhaps?
hahahaha... pips digger
  • #10,267
  • Edited 11:38am Dec 14, 2020 11:20am | Edited 11:38am
Quoting gatenio
{quote} stay long to your original plan to short 1.22.. it will get there. @shahab8b, im looking at daily, trying to count the waves since the low of november 5th, it could get nasty for bears from here. maybe 5th wave now? just wonder.
Yes, it could be wave 5.
Attached Image (click to enlarge)
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  • #10,268
  • Dec 14, 2020 11:29am Dec 14, 2020 11:29am
Quoting C-12
{quote} 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.
The USD is rolling over again.
  • #10,269
  • Dec 14, 2020 11:29am Dec 14, 2020 11:29am
Quoting shahab8b
I like to short EU, but that TL seems significant. Let's see how it plays out. {image}
Yes this looks quite bullish now, EUR also picking up the pace on the crosses as well. I was thinking a final retest of 1.21 but this looks like 1.22 finally on the cards.
  • #10,270
  • Dec 14, 2020 11:44am Dec 14, 2020 11:44am
Quoting C-12
{quote} Yes this looks quite bullish now, EUR also picking up the pace on the crosses as well. I was thinking a final retest of 1.21 but this looks like 1.22 finally on the cards.
EU is good for scalping, until we get 1.22 or 1.21, it's choppy atm.
  • #10,271
  • Dec 14, 2020 11:50am Dec 14, 2020 11:50am
Quoting shahab8b
{quote} EU is good for scalping, until we get 1.22 or 1.21, it's choppy atm.
This is quite funny I had not touched EU all day. We had two perfect scalping setups on 0.75 and 0.25 and I missed them both.

I then decide to sell 1.2150 and took a small 10 pip loss!

That was a nice joke on me, and I think you're right, this pair is choppy right now and best now waiting until 1.22.
  • #10,272
  • Dec 14, 2020 11:50am Dec 14, 2020 11:50am
Quoting Roszey
{quote} that was a nice SW trade
what is meaning of SW sir ?, im so curious, you always using this abbreviation.
  • #10,273
  • Dec 14, 2020 11:53am Dec 14, 2020 11:53am
Quoting shahab8b
{quote} EU is good for scalping, until we get 1.22 or 1.21, it's choppy atm.
should i close my EU sir.. its to dangerous to me if ur perfect entry against me..
  • #10,274
  • Dec 14, 2020 12:03pm Dec 14, 2020 12:03pm
Quoting meugampong
{quote} what is meaning of SW sir ?, im so curious, you always using this abbreviation.
SW: Sandwich.
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  • #10,275
  • Dec 14, 2020 12:07pm Dec 14, 2020 12:07pm
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}
....

Quoting meugampong
{quote} should i close my EU sir.. its to dangerous to me if ur perfect entry against me..
Didn't you take partial profit after the 40-50 pips drop?

I suggested you take partial profit because EU remains in an uptrend. They keep buying the dips. For a change in the trend, it needs a break of that TL and a close below 1.2050/60.
Attached Image (click to enlarge)
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  • #10,276
  • Dec 14, 2020 12:27pm Dec 14, 2020 12:27pm
Quoting shahab8b
{quote} I took you up on GBPCHF short 1.19. These GBP trades have been very clean, almost zero DD, the way I like it. {image}
Yes they were. I think all of them delivered 100 smooth pips today with zero DD.

Partials taken on all, lets see if we get some more.

We should focus on these GBP crosses, they do seem to offer good quality movement.
Attached Image
  • #10,277
  • Dec 14, 2020 12:34pm Dec 14, 2020 12:34pm
Quoting C-12
{quote} Yes they were. I think all of them delivered 100 smooth pips today with zero DD. Partials taken on all, lets see if we get some more. {image}
Yes, the GBP crosses delivered today. I only missed out on GBPNZD 1.89. My pending order didn't get filled.
  • #10,278
  • Dec 14, 2020 12:49pm Dec 14, 2020 12:49pm
Scalping short EU
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  • #10,279
  • Dec 14, 2020 12:51pm Dec 14, 2020 12:51pm
Quoting shahab8b
Scalping short EU {image}
Same, something wasn't sitting right with me about this move up. TP 1.21

I feel we might be trying to get blood out of a stone here with this pair.
Attached Image
  • #10,280
  • Dec 14, 2020 12:54pm Dec 14, 2020 12:54pm
Out of USDJPY short trade. Possible setups.
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