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Weekly COT report Analysis + Trade Ideas

  • #12,161
  • Mar 12, 2021 4:11am Mar 12, 2021 4:11am
Quoting shahab8b
NZDUSD 0.71 long trade (late entry). Levels to watch. {image}
NZDUSD short trade. Levels to watch.
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  • #12,162
  • Mar 12, 2021 5:57am Mar 12, 2021 5:57am
GBPJPY 152 RN short trade. Levels to watch.
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  • #12,163
  • Edited 6:44am Mar 12, 2021 6:23am | Edited 6:44am
USDCAD, levels to watch.

Quoting shahab8b
{quote} Cheers C You are right I have been trying to find a balance between trend following and counter trend setups. I noticed we were doing a lot of counter trend setups which was not very efficient. Also, I've been incorporating the bigger picture (based on daily and weekly chart) into my trades. The example was EU short trade that I managed to keep longer than usual. I think I did +25 trades last week. A few of them ended up at b/e, but the winners were mostly +100 pips. The only mistake was closing GU 1.3450 long trade prematurely (+95 instead...
Edit: there is an alternative scenario in which that triangle formation might turn into a "trap and squeeze pattern". So keep that in mind if shorting 1.26 level. Check out my previous post for more explanation.
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  • #12,164
  • Edited 9:07am Mar 12, 2021 8:57am | Edited 9:07am
Quoting shahab8b
{quote} GBPUSD 1.40 short trade. Levels to watch. {image}
GBPUSD 1.40 short trade update. Levels to watch.

P.S. a lot of traders asking about a signal service via pm's. Guys, I don't have any plan to run a signal service at this moment. So please stop asking. Also, I'm posting the levels that I'm watching here. If you have been following this thread you know how to trade them. You can also identify these levels using a simple approach: find confluence of "RN/QN's, S/R, S&D zones, Fibonacci levels, and weekly or monthly pivots". The more confluence levels clustered in one place, the more likely the level holds. Just remember, when a level does not hold, simply close the trade and move on to the next trade. Do not add to losers as it compounds your problem. When you are not sure whether a level is blown or not, close 50% of the trade, if it continues going red and you are still uncertain, close another 50%, this way your problem is getting smaller and smaller. If a level holds and trade goes well, you may add on pull backs. That's how you can maximize your return.
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  • #12,165
  • Mar 12, 2021 9:39am Mar 12, 2021 9:39am
GBPAUD, levels to watch.
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  • #12,166
  • Mar 12, 2021 10:45am Mar 12, 2021 10:45am
Quoting shahab8b
{quote} EURUSD turned a little bit ahead of schedule 1.20. Levels to watch {image}
Long again EU M15 ... have a nice weekend all ..
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  • #12,167
  • Mar 12, 2021 10:50am Mar 12, 2021 10:50am
XAUUSD M15 ..long again ...38% area +RN continue going up ..
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  • #12,168
  • Mar 12, 2021 11:21am Mar 12, 2021 11:21am
Quoting shahab8b
{quote} GBPUSD 1.40 short trade update. Levels to watch. P.S. a lot of traders asking about a signal service via pm's. Guys, I don't have any plan to run a signal service at this moment. So please stop asking. Also, I'm posting the levels that I'm watching here. If you have been following this thread you know how to trade them. You can also identify these levels using a simple approach: find confluence of "RN/QN's, S/R, S&D zones, Fibonacci levels, and weekly or monthly pivots". The more confluence levels clustered in one place, the more likely...
GU M15 .... watching area to re enter Short ...
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  • #12,169
  • Mar 12, 2021 11:53am Mar 12, 2021 11:53am
INDU(YM) M5 Long ....
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  • #12,170
  • Edited 12:19pm Mar 12, 2021 11:59am | Edited 12:19pm
Quoting mrhb30jr
XAUUSD M15 ..long again ...38% area +RN continue going up .. {image}
Hi mrhb30jr,
You got nice trades going. But I want to mention two things: first you draw your Fibonacci retracement upside down, second, I've noticed you keep adding to your trades as price goes against you. I understand this might be your "pre-planned" trading strategy so I am going to elaborate this for newbies.

For newbies, although I don't recommend it, but some advanced traders split their original risk into different positions and enter the market at pre-determined entry levels. For example, if you want to risk 1% per trade, and you can split the risk into 2 or more positions (i.e. for 2 positions 0.5% risk per trade and for 4 positions 0.25% risk per trade). This way you keep your original risk management plan and at the same time reduce your cost basis. This strategy is different than someone recklessly adding to their losing positions.
  • #12,171
  • Mar 12, 2021 12:01pm Mar 12, 2021 12:01pm
NU breake and retest opportunity
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  • #12,172
  • Mar 12, 2021 12:11pm Mar 12, 2021 12:11pm
EG .....
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  • #12,173
  • Mar 12, 2021 12:11pm Mar 12, 2021 12:11pm
Quoting shahab8b
{quote} Hi mrhb30jr, You got nice trades going. But I want to mention two things: first you draw your Fibonacci retracement upside down, second, I've noticed you keep adding to your trades as price goes against you. I understand this might be your "pre-planned" trading strategy so I am going to elaborate this for newbies. For newbies, although I don't recommend it, but some advanced traders split their original risk into different positions and enter the market at pre-determined entry levels. For example, if you want to risk 1% per trade, and you...
dear sir, noted with thank you for your kindly advise very usefully for me to take trade and post in the future ... regards...
  • #12,174
  • Mar 13, 2021 4:39am Mar 13, 2021 4:39am
EUR/NZD
Bull in control. i waiting a good pullback and planning to go long.
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  • #12,175
  • Mar 13, 2021 5:15am Mar 13, 2021 5:15am
GBP/NZD, Planning to short
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  • #12,176
  • Mar 13, 2021 9:26am Mar 13, 2021 9:26am
AN is testing key resistance are inside triangle ..
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  • #12,177
  • Mar 13, 2021 9:28am Mar 13, 2021 9:28am
AC is creating double bottom in previous resistance area turned into support.
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  • #12,178
  • Mar 13, 2021 9:32am Mar 13, 2021 9:32am
ACH squized inside triangle with potencial for up-side breakout!
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  • #12,179
  • Mar 13, 2021 9:34am Mar 13, 2021 9:34am
AJ is testing resistance level after finishing breakout of the triangle...
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  • #12,180
  • Mar 13, 2021 9:37am Mar 13, 2021 9:37am
NC better levels to watch for shorting, have a great week all
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