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COT report... futures or futures and options report? 6 replies

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Attachments: Weekly COT report Analysis + Trade Ideas
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Weekly COT report Analysis + Trade Ideas

Quoting Alorente
{quote} Great example, Shahab. Thanks. I have noticed that Gold practically never shows divergence on Daily or Weekly charts. It moves too quickly for that. It doesn´t stick around a swing top or bottom to give time for a divergence to form. I call it a Psychedelic pair. On the other hand, H4 is another matter. Gold practically always paints a divergence in H4. There is a clear H4 divergence on the current Gold Chart. On top of that, we have broken out of a perfect 8 year monthly saucer formation and tested the top of it from the other side. It...
Thanks Al, great analysis as always.
SPX, possible H&Sh pattern on H4.
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....posting for fellow trader comments.....lower Tf pattern observed....
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....another one...eurusd ........H4....
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ETH, let's see if RN 2000 and the wedge pattern can put a temporary stop to this madness. 1400 and 1000 are attractive levels to buy.
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EUR/USD OUTLOOK from my point of view:
As we all know Eu is moving inside up side confirmed equidistad channel, these week get birth inverted H&SH around down leg of the channel so i'm expecting bounce of euro these week technically...
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GU :
Levels i watch to go long: 1.39500 and lowest point if channel keeps holding 1.3900
Im not alone bullish in GU view, some fundamental intensity:
The rally is not yet over, however, according to multiple analysts. Sterling may be bolstered as soon as Monday when Prime Minister Boris Johnson is expected to set out to parliament a plan for enabling the country to exit 'lockdown'. A reopening as soon as quarter-end would put the UK on course for a return to normal months ahead of some European economies, supporting the relative growth outlook and Sterling in the process.
"GBP/USD is interesting, the market filled its time zone gap and shot higher, we have to assume that it is still bid. Attention remains on the topside and our longer term target is the 2018 peak at 1.4377," says Karen Jones, head of technical analysis for currencies, commodities and bonds at Commerzbank.
Jones and the Commerzbank team are buyers of the Pound from 1.38 and are looking for a move up to 1.4240 initially followed by 1.4350 where they intend to exit the position. These levels would leave the Pound at three-year highs and could be seen as soon as this week.
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GOLD looks like have found support in these area from were he have bounced before, is not about trading these H&SH but i look at her more like reversal sighn in good support area
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GBPUSD
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Quoting shahab8b
Gold, if S @ 1765/50 holds, this can turn into a very bullish pattern (a combination of flag/triangle and a possible double bottom). {image}
Gold long trade is performing as expected. But longs are not out of the woods yet. Gold needs to break above that TL and R @ 1850.
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Quoting shahab8b
{quote} Gold long trade is performing as expected. But longs are not out of the woods yet. Gold needs to break above that TL and R @ 1850. {image}
GOLD
I'm targeting 1732 - 1716 (by Friday) as long as PA is below 1801

breaking 1807 PA should go up to 1823 - 1840

my position:
"
fishing sell @ 1799
TP 1732
SL 1808
"
Forex can only be understood backwards, but it must be traded forwards.
Quoting shahab8b
{quote} EURUSD 1.2050 long trade update. Seems wave 3 is in progress. Possible targets are 1.2250 (FE 100) and 1.23750 (FE 161). Levels to watch. {image}
EURUSD 1.2050 long trade update, I added to the position @ 1.21 confluence of RN and Fib 38.
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Quoting shahab8b
ETH, let's see if RN 2000 and the wedge pattern can put a temporary stop to this madness. 1400 and 1000 are attractive levels to buy. {image}
ETH, it seems the wedge pattern and RN 2000 worked well. Possible long setups remain the same.
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GBPUSD, I attempted shorts @ 1.4035 on Friday and 1.4050 last night, but the Cable remains too strong atm. A failure to break above 1.4050 might lead to deeper correction. Above 1.4050, I'll keep an eye on 1.41 and 1.42.

On weekly chart, GU is going through an important zone between 1.40 and 1.44.
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Quoting shahab8b
{quote} NZDUSD 0.72 long trade. Levels to watch. {image}
NZDUSD 0.72 long trade update. Levels to watch
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Quoting shahab8b
ETH, let's see if RN 2000 and the wedge pattern can put a temporary stop to this madness. 1400 and 1000 are attractive levels to buy. {image}
ETH, there we go. These Crypto currencies are not that difficult to predict after all.
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.....pump & dump?
EURUSD - next expected target 1.2175
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Keep learning, Stay humble! Never giveup or lose hope!
Gold has be heavily bullish - holding for long
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Keep learning, Stay humble! Never giveup or lose hope!
Quoting shahab8b
Gold, if S @ 1765/50 holds, this can turn into a very bullish pattern (a combination of flag/triangle and a possible double bottom). {image}
Gold chart update. On Friday, I went into length to describe the bullish pattern on gold. I wanted everyone who follows this thread enjoy easy money. Congratulation to those who went long on Friday or today. Those who missed it or went the other way, no worries, there will always be another trade. Let's see if gold can break above that TL and 1850. A failure to beak above those levels might lead to another down leg.
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