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Weekly COT report Analysis + Trade Ideas

  • #12,381
  • Apr 6, 2021 11:45am Apr 6, 2021 11:45am
Quoting shahab8b
{quote} Yes, good level, also 1.38. BTW, flip the Fib, it's 38% retracement.
Yes i see 3800 next level what i am looking
  • #12,382
  • Apr 6, 2021 11:50am Apr 6, 2021 11:50am
Ma+ rn+ breakout
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  • #12,383
  • Apr 6, 2021 2:20pm Apr 6, 2021 2:20pm
Quoting mizi123
Nu is heading down 0.71000 RL worth to bee monitored for shorting {image}
Pay attention to NU is coming on the zone...
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  • #12,384
  • Apr 6, 2021 4:21pm Apr 6, 2021 4:21pm
Quoting shahab8b
{quote} EURUSD 1.17 (ish) long trade. The target for this move is probably around 1.19, if not higher. I'll post a short term chart and trade setups momentary. {image}
EURUSD long trade update. EU is getting close the target @ 1.19. Looking at the chart, this may go 1.1950 or 1.20. But there are a few levels that might provide short setups: 1.19, 1.1940/50, and 1.20
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  • #12,385
  • Apr 6, 2021 4:43pm Apr 6, 2021 4:43pm
Quoting shahab8b
{quote} USDCHF short trade, added on pull back according to the trade plan. {image}
USDCHF, short trade update. Levels to watch.
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  • #12,386
  • Apr 6, 2021 5:26pm Apr 6, 2021 5:26pm
Quoting shahab8b
GBPCHF, H&Sh pattern on H4. Levels to watch. {image}
GBPCHF, selling the rallies against 1.39 are preferred considering there is a short term top in place. But I'll also keep an eye on 1.28/2825.
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  • #12,387
  • Apr 7, 2021 8:15am Apr 7, 2021 8:15am
Quoting shahab8b
{quote} GBPUSD 1.375 long trade update. Levels to watch. {image}
GBPUSD 1.39 short trade. Levels to watch.
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  • #12,388
  • Apr 7, 2021 8:15am Apr 7, 2021 8:15am
EU Weekly old event Area 1.19 .... Open SELL EU ...
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  • #12,389
  • Apr 7, 2021 8:25am Apr 7, 2021 8:25am
Quoting shahab8b
{quote} GBPUSD 1.39 short trade. Levels to watch. {image}
Join short GU H4 ... to be watching too the level 1.37 area
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  • #12,390
  • Apr 7, 2021 1:59pm Apr 7, 2021 1:59pm
Quoting shahab8b
{quote} EURUSD long trade update. EU is getting close the target @ 1.19. Looking at the chart, this may go 1.1950 or 1.20. But there are a few levels that might provide short setups: 1.19, 1.1940/50, and 1.20 {image}
EURUSD 1.19 short trade. confluence of RN and Fib 38 worked well. D1 candle looks like a gravestone doji for now, but I'll wait for the close. Levels to watch.
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  • #12,391
  • Apr 7, 2021 2:25pm Apr 7, 2021 2:25pm
Quoting shahab8b
{quote} GBPUSD 1.39 short trade. Levels to watch. {image}
I have mentioned this type of setups before, but to review again, we can trade RN's, S&D zones, or S/R levels using PA confirmation. Here, GU showed bearish RSI divergence and a bearish engulfing candle on H1 around the level of interest 1.39 RN. The candle formation can be a doji, shooting start, or engulfing candle.
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  • #12,392
  • Apr 7, 2021 2:36pm Apr 7, 2021 2:36pm
Quoting shahab8b
{quote} I have mentioned this type of setups before, but to review again, we can trade RN's, S&D zones, or S/R levels using PA confirmation. Here, GU showed bearish RSI divergence and a bearish engulfing candle on H1 around the level of interest 1.39 RN. The candle formation can be a doji, shooting start, or engulfing candle. {image}
Hi shahab

how are you, hoping youre health is even better that your trading.

in this trade i didnt find any price action just a violent breakout (perhaps it may be a price action full of thrilled ), i am still scared to trade breakouts without a retest, or just a divergence or RN, without a price action who knows will price respect it or not. only a pro trader like you can trade we are all spectators
"Exchange of hands"
  • #12,393
  • Apr 7, 2021 2:55pm Apr 7, 2021 2:55pm
Quoting shahab8b
{quote} EURUSD 1.19 short trade. confluence of RN and Fib 38 worked well. D1 candle looks like a gravestone doji for now, but I'll wait for the close. Levels to watch. {image}
If we look at H4 we can see Sign of fall Sooner
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  • #12,394
  • Apr 7, 2021 2:58pm Apr 7, 2021 2:58pm
Quoting bilal1947
{quote} Hi shahab how are you, hoping youre health is even better that your trading. in this trade i didnt find any price action just a violent breakout (perhaps it may be a price action full of thrilled ), i am still scared to trade breakouts without a retest, or just a divergence or RN, without a price action who knows will price respect it or not. only a pro trader like you can trade we are all spectators
Well, I've explained what I see. Some may also interpret this as a false-break and reversal. You need to be confident in your trading abilities and your trade setups. I do have losing trades as well. But once you recognize that probabilities and odds are in your favor there should be no fear. These setups (confluence levels, etcs) are high probability trade setups (>65% win rate). If you take them with a high RR, there will be no fear of losing trades. You quickly cut the bad ones and move on. And you keep good ones running. But the problem is many novice traders take these setups, cut the good ones fast, and add to the bad ones and hold them as long as they can. And they think the problem is the trading method.
  • #12,395
  • Apr 7, 2021 3:01pm Apr 7, 2021 3:01pm
Quoting hussin naiji
{quote} If we look at H4 we can see Sign of fall Sooner {image}
but The DXY has difficulty getting out of the pivot line .Anyway a good option is for this time short EG
Let's see the game
  • #12,396
  • Apr 7, 2021 3:09pm Apr 7, 2021 3:09pm
Posting this for education purposes. If you are motivated enough, you actively look for these setups. This chart shows a simple confluence setup (RN and Fib 38) on GBPJPY.
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  • #12,397
  • Apr 7, 2021 6:50pm Apr 7, 2021 6:50pm
Quoting shahab8b
Posting this for education purposes. If you are motivated enough, you actively look for these setups. This chart shows a simple confluence setup (RN and Fib 38) on GBPJPY. {image}
Wow what a catch, thanks for sharing, is this a oending order entry?

i always find it extremely difficult to use fibs although it looks very easy though but problems is fibs fits to the price in alot of time frames and each has its own leg even with a confluence of a RN?

does RN also consider 025 0.75 and 0.50 as confluences.

i dont kow if this is a right question to ask. are you using a raw spread account, and whats the leverage one should use & which broker do you prefer is it one or a mix of two three to divide the risk as your equity must be handsome.
"Exchange of hands"
  • #12,398
  • Apr 8, 2021 2:38am Apr 8, 2021 2:38am
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Shahab hi. I need your opinion on this A-B-C pattern ..... The corr. was complete at 1.18 81 and then got another leg to 93 ...

This PA means it goes much higher up...??? and is not a correction....? Murky waters...ehh?

Regards

  • #12,399
  • Apr 8, 2021 5:49am Apr 8, 2021 5:49am
Quoting mrhb30jr
EU Weekly old event Area 1.19 .... Open SELL EU ... {image}
Short EU D1 ... 38% Fib area/RN 1.19 and previous weekly event area strong SR area and falling wedge pattern, TP at 1.16 area is the FE 161.8
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  • #12,400
  • Apr 8, 2021 6:02am Apr 8, 2021 6:02am
AUDUSD D1 ... Wait price to 0.77 area to looking SELL entry ..RN 0.77 + 38% Fib
H4 ...price inside bullish channel ...
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