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Weekly COT report Analysis + Trade Ideas

  • #11,301
  • Jan 12, 2021 8:11am Jan 12, 2021 8:11am
Within 3 minutes 61 pips in Gold. Done for the day.
Gold trading is very difficult when momentum is not present. Gold trading is very rewarding when momentum is present.
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MA provides the market's current direction and strength.
  • #11,302
  • Jan 12, 2021 9:12am Jan 12, 2021 9:12am
Quoting shahab8b
GBPUSD, I'm watching these levels. {image}
Let's see how it goes. Thanks for the trade idea.
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MA provides the market's current direction and strength.
  • #11,303
  • Jan 12, 2021 9:19am Jan 12, 2021 9:19am
Gu m15
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MA provides the market's current direction and strength.
  • #11,304
  • Jan 12, 2021 10:07am Jan 12, 2021 10:07am
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  • #11,305
  • Jan 12, 2021 10:09am Jan 12, 2021 10:09am
Quoting hasib
Gu m15 {image}
Reversal trading is risky. SL hit.
MA provides the market's current direction and strength.
  • #11,306
  • Jan 12, 2021 10:13am Jan 12, 2021 10:13am
Quoting hasib
{quote} Reversal trading is risky. SL hit.
Sell can still be good if this H1 candle and the next close with bearish bodies.
  • #11,307
  • Jan 12, 2021 11:03am Jan 12, 2021 11:03am
Quoting pipcenturion
{quote} Sell can still be good if this H1 candle and the next close with bearish bodies.
Now the bears have lost it!
  • #11,308
  • Jan 12, 2021 11:14am Jan 12, 2021 11:14am
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  • #11,309
  • Jan 12, 2021 11:15am Jan 12, 2021 11:15am
Quoting pipcenturion
{quote} Sell can still be good if this H1 candle and the next close with bearish bodies.
Until price break 1.37 level. all sell are good sell. I am no going to sell today. My Selling Reason is SD and s&r. What is your reason for for sell, is it because uk session close?
MA provides the market's current direction and strength.
  • #11,310
  • Jan 12, 2021 11:41am Jan 12, 2021 11:41am
Quoting hasib
{quote} Until price break 1.37 level. all sell are good sell. I am no going to sell today. My Selling Reason is SD and s&r. What is your reason for for sell, is it because uk session close?
The Volume Adjusted Price (VAP) was showing the possibility of divergence but that is no longer possible because the recent H1 candle that closed has negated that possibility.
  • #11,311
  • Jan 12, 2021 12:14pm Jan 12, 2021 12:14pm
Quoting hasib
Gu m15 {image}
hasib, are you familiar with chart patterns?
  • #11,312
  • Jan 12, 2021 12:37pm Jan 12, 2021 12:37pm
Quoting shahab8b
{quote} AUDUSD, short trade 0.78. Levels to watch. {image}
AUDUSD, long trade 0.77. Levels to watch.
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  • #11,313
  • Jan 12, 2021 12:38pm Jan 12, 2021 12:38pm
Quoting shahab8b
{quote} hasib, are you familiar with chart patterns?
Yes, sir.
Harmonic patterns I don't use much. But I know 2 Harmonic patterns one is ABCD another is HM.G.
General Chart patterns I know. I don't use them much.
MA provides the market's current direction and strength.
  • #11,314
  • Jan 12, 2021 12:46pm Jan 12, 2021 12:46pm
Quoting shahab8b
{quote} USDCAD long trade. Overhead R from 1.2775 to 1.2825. {image}
USDCAD, short trade. levels to watch.
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  • #11,315
  • Jan 12, 2021 12:54pm Jan 12, 2021 12:54pm
Quoting hasib
{quote} Yes, sir. Harmonic patterns I don't use much. But I know 2 Harmonic patterns one is ABCD another is HM.G. General Chart patterns I know. I don't use them much.
I am talking about simple chart patterns, like triangles, wedges, etc. I asked this because you just went short GU when it was forming a classic ascending triangle. It would have been acceptable if you had shorted it on the first or even the 2nd touch of 1.36. But the timing of your trade was so off. At the time I posted my chart this triangle wasn't there or it was at its very early stage.
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  • #11,316
  • Jan 12, 2021 1:11pm Jan 12, 2021 1:11pm
GBPUSD, in hindsight, we should have kept the perfect GU long trade from 1.3450. GU is likely to challenge the top @ 1.37. Levels to watch.
Attached Image (click to enlarge)
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  • #11,317
  • Jan 12, 2021 1:27pm Jan 12, 2021 1:27pm
Quoting shahab8b
{quote} NZDUSD, short trade update. Levels to watch. {image}
NZDUSD long trade 0.7150. Levels to watch.
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  • #11,318
  • Jan 12, 2021 1:42pm Jan 12, 2021 1:42pm
Quoting shahab8b
{quote} EURUSD, short trade update. EU is struggling to break below S @ 1.2130/1.2150. If S holds, we may see wave b. {image}
EURUSD long trade 1.2150. I'm thinking this is wave b. So I'll be keeping an eye on those levels. But keep in mind that EU can go in full bull run like GU did.
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  • #11,319
  • Jan 12, 2021 1:44pm Jan 12, 2021 1:44pm
With every SW there is push.. all resistance taken out.
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Le$$ I$ More
  • #11,320
  • Jan 12, 2021 3:29pm Jan 12, 2021 3:29pm
I will take full advantage of this in the upcoming days.
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