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Weekly COT report Analysis + Trade Ideas

  • #10,381
  • Dec 16, 2020 7:31am Dec 16, 2020 7:31am
Quoting shahab8b
{quote} EURUSD, long trade update. let's see the reaction @ 1.22 {image}
EURUSD short trade. Levels to watch. Also consider a possible bearish pa based on what I posted before.

Quoting meugampong
risking 5 pips.. EU R:R 1:10 if hit TP.. {image}
M why did you go long @ 1.22? Any particular reason?
Attached Image (click to enlarge)
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  • #10,382
  • Dec 16, 2020 7:51am Dec 16, 2020 7:51am
GBPNZD
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  • #10,383
  • Dec 16, 2020 8:09am Dec 16, 2020 8:09am
Quoting shahab8b
USDCHF, RSI divergence on H4. {image}
USDCHF, long trade. levels to watch.

Let's see if it can break above that TL and clear 0.89. This pair has disappointed on several occasions recently. It can technically turn south again from here.
Attached Image (click to enlarge)
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  • #10,384
  • Dec 16, 2020 8:15am Dec 16, 2020 8:15am
Quoting shahab8b
{quote} USDCHF, long trade. levels to watch. Let's see if it can break above that TL and clear 0.89. This pair has disappointed on many occasions recently. It can technically turn south again from here. {image}
I took a slice as well. Not sure why it didn't get to 88250, but EU was right at 1.22 at the time.

Perhaps getting ahead of ourselves, but are we finally seeing early evidence of a USD bull reversal?

I am heavily positioned in that direction right now, so let's see.
Attached Image (click to enlarge)
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  • #10,385
  • Dec 16, 2020 8:20am Dec 16, 2020 8:20am
Quoting shahab8b
{quote} EURUSD short trade. Levels to watch. Also consider a possible bearish pa based on what I posted before. {quote} M why did you go long @ 1.22? Any particular reason? {image}
yes sir, when i go long, i see usdx still not testing 0.90 yet and still have a little power to push usd more lower, well it hit my 5 pips SL.. never mind sir.. i got a nice pips from USDCHF and EJ.. still good reward..

now i trade GU.. i miss sharp entry GU at 35.5.
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  • #10,386
  • Dec 16, 2020 8:24am Dec 16, 2020 8:24am
Quoting C-12
{quote} Interesting level on USDJPY. Right at the base of that vertical 200 pip D1 candle. 103 just below it.
Another one might be ahead of myself but it's a solid zone and the price was attractive at 103.250.
Attached Image (click to enlarge)
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  • #10,387
  • Dec 16, 2020 8:25am Dec 16, 2020 8:25am
Quoting C-12
{quote} I took a slice as well. Not sure why it didn't get to 88250, but EU was right at 1.22 at the time. Perhaps getting ahead of ourselves, but are we finally seeing early evidence of a USD bull reversal? {image}
I see some supportive patterns on M1/M5. Historically the USD can get stronger after the FOMC policy decision. But don't get your hopes up. It can be just a minor retracement.
  • #10,388
  • Dec 16, 2020 8:32am Dec 16, 2020 8:32am
Quoting shahab8b
{quote} I see some supportive patterns on M1/M5. Historically the USD can get stronger after the FOMC policy decision. But don't get your hopes up. It can be just a minor retracement.
It's looking promising, although the only one I'm feeling mixed about is EURUSD 1.22.

The current PA is just not up to scratch for a top. I can see this going for 1.2225 or extending out to 1.2250.
  • #10,389
  • Dec 16, 2020 8:35am Dec 16, 2020 8:35am
Quoting meugampong
{quote} yes sir, when i go long, i see usdx still not testing 0.90 yet and still have a little power to push usd more lower, well it hit my 5 pips SL.. never mind sir.. i got a nice pips from USDCHF and EJ.. still good reward.. now i trade GU.. i miss sharp entry GU at 35.5. {image}
Good job M! I think we are all in the short GU 1.3550 trade. It was a no brainer. I'll be looking to buy value again. Let's see how it plays out.
Attached Image (click to enlarge)
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  • #10,390
  • Dec 16, 2020 8:38am Dec 16, 2020 8:38am
Quoting C-12
{quote} It's looking promising, although the only one I'm feeling mixed about is EURUSD 1.22. The current PA is just not up to scratch for a top. I can see this going for 1.2225 or extending out to 1.2250.
I agree. It's not the time for a serious reversal yet, maybe after the FOMC, if any.
  • #10,391
  • Dec 16, 2020 8:39am Dec 16, 2020 8:39am
Quoting shahab8b
{quote} I see some supportive patterns on M1/M5. Historically the USD can get stronger after the FOMC policy decision. But don't get your hopes up. It can be just a minor retracement.
if i can show this chart from another perspective idea sir..
this chart is basket XXXUSD, its show us how price still pushing high and make a new high. consolidation pattern at least for 6 hours ago..
buliish still dominant..
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  • #10,392
  • Dec 16, 2020 8:44am Dec 16, 2020 8:44am
Quoting shahab8b
EURGBP {image}
EURGBP, long trade, a routine confluence play.
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  • #10,393
  • Dec 16, 2020 8:50am Dec 16, 2020 8:50am
Opening Short Trade, GJ, conluence with big RN 140
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  • #10,394
  • Dec 16, 2020 9:04am Dec 16, 2020 9:04am
Quoting C-12
{quote} AU and NU shorts?
I was bearish on these two last night but realised my timing was a bit off. This was more like it.
Attached Image(s) (click to enlarge)
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  • #10,395
  • Dec 16, 2020 9:06am Dec 16, 2020 9:06am
AUD/USD, missing good price location for short coz im away from my pc..
same like ucad.. im in sleep when price at 1.27. lol.. 4 am
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  • #10,396
  • Dec 16, 2020 9:12am Dec 16, 2020 9:12am
JUMPER.
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  • #10,397
  • Dec 16, 2020 9:13am Dec 16, 2020 9:13am
Quoting shahab8b
{quote} Good job M! I think we are all in the short GU 1.3550 trade. It was a no brainer. I'll be looking to buy value again. Let's see how it plays out. {image}
I've took some out here (50 counter RN pips at 1.35) I am going to hold the rest. I like the PA that's developing.
  • #10,398
  • Dec 16, 2020 9:20am Dec 16, 2020 9:20am
Quoting shahab8b
{quote} Good job M! I think we are all in the short GU 1.3550 trade. It was a no brainer. I'll be looking to buy value again. Let's see how it plays out. {image}
errrrr... C-12, did you see what i see ?.. a fib expansion !!!

  • #10,399
  • Dec 16, 2020 9:24am Dec 16, 2020 9:24am
Quoting meugampong
{quote} errrrr... C-12, did you see what i see ?.. a fib expansion !!!
Yes, I am going to start using these as target levels and try and prevent early exit.
  • #10,400
  • Dec 16, 2020 9:30am Dec 16, 2020 9:30am
Quoting C-12
{quote} Yes, I am going to start using these as target levels and try and prevent early exit.
ok.. i get it..
thanks Mr. S..
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