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Weekly COT report Analysis + Trade Ideas

  • #10,561
  • Dec 18, 2020 8:49am Dec 18, 2020 8:49am
Quoting Coreg2004
euro reached reversal zone...{image}{image}DXY...{image}
Thanks for your great charts Coreg2004. They are measured to perfection.

I was actually telling C-12 and M the other day that they could look at your charts and learn how to properly apply Fibonacci expansions to locate how far the next price wave could move following a pull back.
  • #10,562
  • Dec 18, 2020 8:58am Dec 18, 2020 8:58am
Quoting shahab8b
{quote} I took you up on UJ 103.50. It seems 103 is on again. {image}
It is going up. There is a gooooood 3 consecutive bull bars.
  • #10,563
  • Dec 18, 2020 9:00am Dec 18, 2020 9:00am
Quoting bigiivan
{quote} It is going up. There is a gooooood 3 consecutive bull bars.
You might be right. It seems the USD is turning.
  • #10,564
  • Dec 18, 2020 9:04am Dec 18, 2020 9:04am
SPX, heading south
Attached Image (click to enlarge)
Click to Enlarge Name: spx 12 18.GIF Size: 129 KB
  • #10,565
  • Edited 11:06am Dec 18, 2020 9:26am | Edited 11:06am
Quoting shahab8b
{quote} I've thought about it as well. I moved my TP to 1.34. I am watching the PA now.
GBPUSD, short trade update. It seems we made the right call by holding onto this short trade. The next levels to watch are 1.3450 and 1.34.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1 12 18 45.png Size: 47 KB
  • #10,566
  • Dec 18, 2020 9:48am Dec 18, 2020 9:48am
Quoting shahab8b
{quote} GBPUSD, short trade update. It seems we made the right call by holing onto this short trade. The next levels to watch are 1.3450 and 1.34. {image}
1.3475 acting as S. Let's see if it can clear it.
  • #10,567
  • Dec 18, 2020 9:52am Dec 18, 2020 9:52am
Quoting shahab8b
{quote} GBPUSD, short trade update. It seems we made the right call by holing onto this short trade. The next levels to watch are 1.3450 and 1.34. {image}
I do not want to see this chart again.

Ok, well that was a sneaky silent USD bull reversal. Managed to hold onto a single entry on EURUSD and added to it. Really expected 1.2275 to retest.

1.22 now looks to be in the cards. I should have paid more attention to that divergence.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 57 KB
  • #10,568
  • Dec 18, 2020 9:55am Dec 18, 2020 9:55am
Quoting shahab8b
{quote} EURUSD, short scalping. {image}
EURUSD, let's see if we can turn this short scalp into a swing trade. The levels to watch on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 12 18.png Size: 32 KB
  • #10,569
  • Dec 18, 2020 9:57am Dec 18, 2020 9:57am
Quoting C-12
{quote} I do not want to see this chart again. Ok, well that was a sneaky silent USD bull reversal. Managed to hold onto a single entry on EURUSD and added to it. Really expected 1.2275 to retest. 1.22 now looks to be in the cards. I should have paid more attention to that divergence. {image}
We should be careful not to get caught like the other day. We are technically in the counter trend mode. They keep buying the dips on GU and EU. I'll tp and flip if pa confirms.
  • #10,570
  • Dec 18, 2020 9:59am Dec 18, 2020 9:59am
Quoting shahab8b
{quote} We should be careful not to get caught like the other day. They keep buying the dips on GU and EU. I'll tp and flip if pa confirms.
The EU previous H4 candle promising, but yeah if PA confirms we get another high
Stay low, Go fast - No luck, All skill
  • #10,571
  • Dec 18, 2020 9:59am Dec 18, 2020 9:59am
Quoting shahab8b
{quote} We should be careful not to get caught like the other day. We are technically in counter trend mode. They keep buying the dips on GU and EU. I'll tp and flip if pa confirms.
I agree, this all looks very soft and counter trend to me.

Notice AU and NU not playing ball like other day. AUDUSD should be the first to take the hit when we proper USD reversal.

There is time for the change still.
  • #10,572
  • Dec 18, 2020 10:07am Dec 18, 2020 10:07am
DXY H1 chart.

We are in a mild corrective mode here, perhaps getting back up here. Lines up with EURUSD 1.22.
Attached Image (click to enlarge)
Click to Enlarge Name: DX.PNG Size: 48 KB
  • #10,573
  • Dec 18, 2020 10:18am Dec 18, 2020 10:18am
Quoting shahab8b
GBPJPY {image}
GBPJPY, short trade. levels to watch
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily 12 18.png Size: 36 KB
  • #10,574
  • Dec 18, 2020 10:22am Dec 18, 2020 10:22am
Quoting shahab8b
{quote} Did you reload UCAD 1.27? This one is looking good as well. Let's see if it can clear 1.2775 this time. Otherwise, we can switch to short at that level. {image}
USDCAD, long trade update. Let's see if H4 can close above 1.2775. Otherwise, it's a short once again.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4 12 18 hy.png Size: 28 KB
  • #10,575
  • Dec 18, 2020 10:30am Dec 18, 2020 10:30am
Quoting shahab8b
{quote} USDCAD, long trade update. Let's see if H4 can close above 1.2775. Otherwise, it's a short once again. {image}
We had 2 bounces off the 1.2833 level last week.

I think that should be the point to beat. this time.
  • #10,576
  • Dec 18, 2020 10:32am Dec 18, 2020 10:32am
Quoting shahab8b
{quote} USDCHF long trade. I had to reload my long UCHF. But this time, I was watching the pa closely (M5) before pulling the trigger. Questions being asked how we trade these levels, there are two ways to go about this: (1) you can either enter right at the level using a pending order or manually (with a sl of 20-25 pips), or (2) you can wait for the pa confirmation. The latter is safer, but it will lead to a delayed entry (and yes 5-15 pips is considered a delayed entry in my book). {image}
USDCHF, long trade update. I'm not impressed. It seems the USD is going to roll over again.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4 12 18 iu.png Size: 36 KB
  • #10,577
  • Dec 18, 2020 10:35am Dec 18, 2020 10:35am
Quoting pipcenturion
{quote} We had 2 bounces off the 1.2833 level last week. I think that should be the point to beat. this time.
Yes, one step at a time. For now 1.2775 remains questionable.
  • #10,578
  • Dec 18, 2020 11:02am Dec 18, 2020 11:02am
Quoting shahab8b
SPX, heading south {image}
SPX, the predicted down leg was correct. Let's see how it unfolds from here.
Attached Image (click to enlarge)
Click to Enlarge Name: SPX 12 18 y.GIF Size: 87 KB
  • #10,579
  • Dec 18, 2020 12:04pm Dec 18, 2020 12:04pm
here what i am looking at GU .

shahabb and C-12 keep it up . thanks for charts and supports us
Attached Image (click to enlarge)
Click to Enlarge Name: 659dfca2b6d268e6210e2dfdd38534e0.png Size: 62 KB
  • #10,580
  • Dec 18, 2020 12:22pm Dec 18, 2020 12:22pm
Quoting shahab8b
{quote} USDCHF, long trade update. I'm not impressed. It seems the USD is going to roll over again. {image}
Yes. I got out at BE.
Observation is the path to discovery.
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