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Weekly COT report Analysis + Trade Ideas

  • #12,681
  • Jun 18, 2021 8:28am Jun 18, 2021 8:28am
Wyckoff Distribution Schematic #2

EUR/NZD Analysis.
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  • #12,682
  • Jun 18, 2021 11:39am Jun 18, 2021 11:39am
Quoting shahab8b
{quote} That's a good call @Milan. GBPUSD 1.42 short trade. There is a bearish RSI divergence on weekly chart, suggesting a possible down leg. A break below 1.41/40 and the rising TL will open up 1.37 and 1.35 in extension. {image}
GBPUSD, weekly chart. Although I don't like making forecasts but you need a directional bias when you enter a trade, particularly when it is a swing trade. The GBPUSD bearish forecast made on Jun 3rd proved correct. The expectation remains the same. A break below 1.37 structural support will indicate a medium/long term top is in place.
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  • #12,683
  • Jun 18, 2021 11:52am Jun 18, 2021 11:52am
Quoting meugampong
{quote} Hi Mos.. Thanks for Your Kind Word.. and your word also forwarded to: Credit To my Master Shahab8b.. The Man Who Teach me and "Made" me better trader M
M, thank you for your kind words. I have tried to share what I've learned over the years. But only few traders were eager enough to learn and become a better version of themselves. You yourself did all the hard work.
  • #12,684
  • Jun 18, 2021 11:58am Jun 18, 2021 11:58am
Quoting meugampong
Wyckoff Distribution Schematic #2 EUR/NZD Analysis. {image} {image}
That's a nice chart M. We can also see a good example of Wyckoff accumulation and distribution concept on USDCAD chart.
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  • #12,685
  • Jun 18, 2021 12:13pm Jun 18, 2021 12:13pm
AUDUSD, double top pattern on weekly chart.
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  • #12,686
  • Edited 12:51pm Jun 18, 2021 12:39pm | Edited 12:51pm
Quoting meugampong
Wyckoff Distribution Schematic #2 EUR/NZD Analysis. {image} {image}
Hi M,

thanks for sharing!

How to see the targets ?
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"Exchange of hands"
  • #12,687
  • Jun 18, 2021 12:45pm Jun 18, 2021 12:45pm
Quoting shahab8b
{quote} That's a nice chart M. We can also see a good example of Wyckoff accumulation and distribution concept on USDCAD chart. {image}
sure sir.. we can see spring @1.2025.. nice example about wyckoff concept.. most trader must learn from you about Patience. Patience when price did'nt move straight and fast in accumulation/distribution phase.

Ucad and most USD pair is good example how we train ourself manage dicipline almost 45 days without clear directional bias.. and it really need hard patience.. now market pay it all with nice profit run..

no need in rush.. let price come to us.. and like you said to me shahab sir.. everyday market give us opportunity. depend how we see a market.. because market is fractal.. there is a trend within the trend..

Eurcad Update.. i hope price really make deep retracement to 0.149 or 1.50 level..
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  • #12,688
  • Jun 18, 2021 12:58pm Jun 18, 2021 12:58pm
Quoting bilal1947
{quote} Hi M, thanks for sharing! How to see the targets ?
target for what sir.. target take profit or target upthrust/spring ?

for take profit.. if we are swing trader market structure is our fondation with help of confluence factor like SNR/RN/TL/FIB.R trail our SL is better..

target upthrust/spring depend market condition..wyckoff scheme concept can help us and all we need to do only mark and wait.

tips to see distribution/accumulation end and begin to markup phase is breaking TL and entry at pullback as premium entry.. (wyckoff simplified)

here is the tutorial..

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  • #12,689
  • Edited 1:23pm Jun 18, 2021 1:10pm | Edited 1:23pm
Quoting meugampong
Wyckoff Distribution Schematic #2 EUR/NZD Analysis. {image} {image}
The Round Number method is also suitable to be applied as a utad/spring target if you are an aggressive trader
for additional guide, using RSI Extreme can help also

EN and AC
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  • #12,690
  • Jun 18, 2021 1:24pm Jun 18, 2021 1:24pm
Watch out EU has created H&SH on daily tf....
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  • #12,691
  • Jun 22, 2021 12:41am Jun 22, 2021 12:41am
Eu is trying to take some breath UP...
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  • #12,692
  • Jun 22, 2021 6:46am Jun 22, 2021 6:46am
USDLFX, EURLFX, GBPLFX, AUDLFX and JPYLFX ...H4 ..
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  • #12,693
  • Jun 22, 2021 11:27am Jun 22, 2021 11:27am
GBP/AUD
Open sell position..
Reason.. Divergence at 1.88 Level..
1st Target RN. 1.84/Fib 38.2
2nd Target RN 1.83/ Fib. 61.8
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  • #12,694
  • Jun 22, 2021 11:41am Jun 22, 2021 11:41am
EU Trade, Long Position
Reason Positive Divergence,
Breaking 1.925 and hold = valid Divergence
Target 120 or 125.
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  • #12,695
  • Jun 22, 2021 12:26pm Jun 22, 2021 12:26pm
GU
My limit @138.5 as fib up 61.8 Unfilled then watching price action so i decide open trade @139
breaking 1.395 Opening the path up to test 1.405/1.40
see you tomorrow friends.
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  • #12,696
  • Jun 22, 2021 1:19pm Jun 22, 2021 1:19pm
Quoting mizi123
Eu is trying to take some breath UP... {image}
I see safety ride up to 1.200
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  • #12,697
  • Jun 22, 2021 1:24pm Jun 22, 2021 1:24pm
UC has acted perfecty also breake and retest scenario
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  • #12,698
  • Jun 22, 2021 1:28pm Jun 22, 2021 1:28pm
I have missed these one GJ but anyway rush crush i will say perfect one !
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  • #12,699
  • Jun 23, 2021 2:35am Jun 23, 2021 2:35am
AUDUSD, daily chart. Trend short, also engulfing (break market structure) short. Planning to short it @0,77 - 50% fibo + daily supply.
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  • #12,700
  • Edited 10:11am Jun 23, 2021 9:46am | Edited 10:11am
GJ. open trade.. level to watch for long setup if any..

ps. counter setup
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