Weekly COT report Analysis + Trade Ideas

Quoting shahab8b

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{quote} Find @C-12 post on here for method explanation. I might post another one similar to that one. Seems you are scalping counter trends all over. Try more retracement trades than counter trends. They have better win rates. I go for +100 pips TP most of the time and use a 20-30 pips SL depending on the pair. If you are scalping you should use smaller SL. Not every trade will be a success. If a level is blown, like AU 0.77, you should be out of the trade and not try to save it. Use high RR as you suggested to make positive returns over time. This...

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Quoting pointlessfor

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Lets see how this level works. {image}

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Quoting shahab8b

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{quote} GBPUSD 1.3675 long trade update, added on the pull back. Levels to watch. {image}

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Quoting shahab8b

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{quote} EURUSD long trade update. Levels to watch. {image}

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Quoting shahab8b

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{quote} You are doing a lot of counter trends. I have yet to see you post a retracement (trend) trade. Look at this USDJPY chart for example. I labeled counter trends with letter C and retracement (trend) trades with letter T. The most recent one was RN 109 that provided a short setup in the direction of the trend. The next possible counter trend setup will be 108.50. You need to have a good understanding of price action trading with this method. You need to take 4-5 retracement trades for each counter trend trade you take. Because the counter trends...

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Quoting shahab8b

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USDCAD 1.26 short trade based on a simple confluence setup. Levels to watch. {image}

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Quoting shahab8b

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{quote} I hope everyone made money shorting GBPUSD 1.38 which was a no brainer trade. GBPUSD long trade update. Possible long setup @ 1.3750. Above 1.38, the levels to watch are 1.3850/60 and 1.39. {image}

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Quoting shahab8b

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EURGBP, short trade. Levels to watch. {image}

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