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Weekly COT report Analysis + Trade Ideas

  • #11,181
  • Jan 7, 2021 11:32am Jan 7, 2021 11:32am
Quoting shahab8b
USDJPY, long trade taken at the confluence of RN and Fib 50 {image}
USDJPY, long trade update. Overhead confluence zones coming @ 104 and 104.50.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH4 176.png Size: 38 KB
  • #11,182
  • Jan 7, 2021 11:38am Jan 7, 2021 11:38am
I have observed no one is here now discuses about COT. Are you all stop using COT or are you found something better than COT?
which website you use for COT now a days?
MA provides the market's current direction and strength.
  • #11,183
  • Edited 11:20pm Jan 7, 2021 11:46am | Edited 11:20pm
Quoting mizi123
Good aftenoon friends i'm watching EUR/AUD short. {image}
Be careful about selling here, Look at H4 Chart, PMO, and STMA sowing Upside momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 39 KB
MA provides the market's current direction and strength.
  • #11,184
  • Jan 7, 2021 11:49am Jan 7, 2021 11:49am
Quoting shahab8b
{quote} USDJPY, long trade update. Overhead confluence zones coming @ 104 and 104.50. {image}
yes 104.00 looks nice level.
Attached Image (click to enlarge)
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  • #11,185
  • Edited 12:16pm Jan 7, 2021 12:06pm | Edited 12:16pm
Quoting pointlessfor
{quote} yes 104.00 looks nice level. {image}
Are you going to see here?
Price already Touch 61.8% fibo. Price does not touch 104. level. are you going to sell now.
I can see there is a supply in H4 chart too at 104 level.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #11,186
  • Jan 7, 2021 12:21pm Jan 7, 2021 12:21pm
Quoting hasib
{quote} Are you going to see here? Price already Touch 61.8% fibo. Price does not touch 104. level. are you going to sell now. I can see there is a supply in H4 chart too at 104 level. {image}
yes it could be supply if now break 104. but if it break later then it can be ressistance level .
  • #11,187
  • Jan 7, 2021 12:25pm Jan 7, 2021 12:25pm
Quoting pointlessfor
{quote} yes 104.00 looks nice level. {image}
Long term we are in a price channel don't you think we should wait for the price to reach 104.5 because it also the upper trend line of the long term price channel.

- at 104 level, there is a Weekly pivot R61 at the 61.8% level too so it gives us extra confidence about this level.
MA provides the market's current direction and strength.
  • #11,188
  • Jan 7, 2021 12:48pm Jan 7, 2021 12:48pm
Bitcoin, in case there is any doubt about the power of RN's.
Attached Image (click to enlarge)
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  • #11,189
  • Jan 7, 2021 2:00pm Jan 7, 2021 2:00pm
GU is not clear yet. H4 shows a possible triangle formation that can be either bullish or bearish. D1 shows a possible topping pattern which requires a daily close below 1.355. D1 trend remains bullish within the channel, but the question is whether we go higher from here or after a deeper retracement to 1.34/1.3350.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: GU 17 D1.PNG Size: 166 KB
  • #11,190
  • Jan 7, 2021 2:14pm Jan 7, 2021 2:14pm
I've come across a website that they use AI and machine learning models for forecasting. They made some bold predictions on EU and GU.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSD JAN 2021.PNG Size: 100 KB
  • #11,191
  • Jan 7, 2021 2:49pm Jan 7, 2021 2:49pm
USDCAD, short trade taken based a simple confluence setup (0.25RN, Fibs, and S turned R). These setups happen almost every day. Don't chase them if you miss them. You need to identify them and plan your trade in advance. Possible levels on the downside include 1.2650 and 1.26.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1 17 78.png Size: 36 KB
  • #11,192
  • Jan 7, 2021 7:07pm Jan 7, 2021 7:07pm
Quoting shahab8b
USDCAD, short trade taken based a simple confluence setup (0.25RN, Fibs, and S turned R). These setups happen almost every day. Don't chase them if you miss them. You need to identify them and plan your trade in advance. Possible levels on the downside include 1.2650 and 1.26. {image}
I am thinking we can see 1.2741 or higher on this pair.
H1 closes above 1.26938 favour longs in my books.
  • #11,193
  • Jan 7, 2021 7:23pm Jan 7, 2021 7:23pm
Quoting shahab8b
EU formed a double top on H4. D1 RSI shows bearish divergence. It looks like 1.22/1.2215 is the structural S. {image} {image}
EURUSD, short trade update. EU cleared 1.2250. The next S comes in @ 1.2215/1.22.

Quoting shahab8b
{quote} EURUSD, short trade. The box setup worked well. Possible levels. {image}
....
Attached Image (click to enlarge)
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  • #11,194
  • Jan 7, 2021 7:25pm Jan 7, 2021 7:25pm
Quoting pipcenturion
{quote} I am thinking we can see 1.2741 or higher on this pair. H1 closes above 1.26938 favour longs in my books.
Thanks. No worries, I've already switched to long UCAD.
  • #11,195
  • Jan 7, 2021 7:36pm Jan 7, 2021 7:36pm
Quoting shahab8b
USDCHF {image}
This is when your trade plan comes together: you start with a technical picture, take your trade base on a confluence level setup, and then you just let it play out.

Quoting shahab8b
{quote} USDCHF, long trade. Possible setups. {image}
USDCHF, long trade update. The next R comes in @ 0.89/0.8920.
Attached Image(s) (click to enlarge)
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  • #11,196
  • Jan 7, 2021 11:02pm Jan 7, 2021 11:02pm
Quoting shahab8b
Bitcoin, in case there is any doubt about the power of RN's. {image}
H1 Demand level still holding,
Some people saying BTC will hit 60k to 65K this year.
What's your thought.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #11,197
  • Jan 7, 2021 11:21pm Jan 7, 2021 11:21pm
Quoting hasib
{quote} Be careful about selling here, Look at H4 Chart, PMO, and STMA sowing Upside momentum. {image}
Look like I am wrong, candle engulf, and Price fall. We are in strong downside momentum.

excellent call mizi123.
If I focused on Price carefully I would have taken this sell trade too.
Attached Image (click to enlarge)
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MA provides the market's current direction and strength.
  • #11,198
  • Jan 8, 2021 12:28am Jan 8, 2021 12:28am
Quoting hasib
{quote} Look like I am wrong, candle engulf, and Price fall. We are in strong downside momentum. excellent call mizi123. If I focused on Price carefully I would have taken this sell trade too. {image}
G morning Hasib Ec call also has worked perfectly
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  • #11,199
  • Jan 8, 2021 12:35am Jan 8, 2021 12:35am
GJ is aproaching to interesting resistance area wich is tested before maybe we can se reverse here
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  • #11,200
  • Jan 8, 2021 12:38am Jan 8, 2021 12:38am
NC fresh brekout of a some sort of flag if i can call it ... lets se how it will go
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