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Weekly COT report Analysis + Trade Ideas

  • #1,681
  • Apr 11, 2010 12:52pm Apr 11, 2010 12:52pm
Hi Shahab,
Thanks for the links. Let me see if I got this right...

when there is change in net positions from positive to negative (or vice-versa) and COT index is extreme, then go with the trend.

when the change in net position is in the same direction (positive or negative) and COT index is extreme, go counter trend.

Is the above correct? If it is, then could you please answer the Yen question below ...

Last 3 Net positions: 10161 -> -30866 -> -42305
COT index: 0.00

From what I understand, the first change from positive to negative signified trend change (short JPYUSD=>long UJ). However, the reading is more extreme negative now. So, shouldn't I consider counter-trend trades, meaning long JPY (short UJ)?

If the answer is no, then could you specify when you consider counter-trend trades in such situations.

Thanks for the help..
  • #1,682
  • Apr 11, 2010 2:13pm Apr 11, 2010 2:13pm
Well everything is a'jumping led by the Euro I would say.

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Nothing worth having is easy.
  • #1,683
  • Apr 11, 2010 2:30pm Apr 11, 2010 2:30pm
Quoting Patience
Well everything is a'jumping led by the Euro I would say.

Attachment

that was expected, the reason I closed all my USD long positions on Fri- with tiny profit or small loss- and didn't hold any open position over the weekend

I stand aside atm, to see how things develop into London and NY session.
  • #1,684
  • Edited Apr 12, 2010 11:41am Apr 11, 2010 2:55pm | Edited Apr 12, 2010 11:41am
Looks to me a pretty god set up.
Long near 7130
Stop: behind 7075
Target: 7234, 7281, 7327
  • #1,685
  • Apr 11, 2010 4:09pm Apr 11, 2010 4:09pm
sell E/U 1.3660 SL=40

will post the chart
  • #1,686
  • Apr 11, 2010 4:14pm Apr 11, 2010 4:14pm
Does everyone pretty much expect these gaps to be filled in?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,687
  • Apr 11, 2010 4:14pm Apr 11, 2010 4:14pm
E/U short from 1.3660
SL=40 TP=70
Attached Image(s) (click to enlarge)
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  • #1,688
  • Apr 11, 2010 4:15pm Apr 11, 2010 4:15pm
Quoting MarcVUM
Does everyone pretty much expect these gaps to be filled in?
already 27*2 pips up on E/u
, less on my long U/Chf

will close at 1.3590, look at my chart
  • #1,689
  • Apr 11, 2010 4:19pm Apr 11, 2010 4:19pm
it happened too fast couldnt post the trade long U/Chf
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  • #1,690
  • Apr 11, 2010 4:21pm Apr 11, 2010 4:21pm
can anyone tell me the weekly pivot for E/U and U/Chf

atm I'm trading naked chart
  • #1,691
  • Apr 11, 2010 4:24pm Apr 11, 2010 4:24pm
Quoting shahab8b
can anyone tell me the weekly pivot for E/U and U/Chf

atm I'm trading naked chart
E/U 1.3439
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,692
  • Apr 11, 2010 4:26pm Apr 11, 2010 4:26pm
Quoting MarcVUM
E/U 1.3439
ok thanx, I wont target that, too far, too risky for short, try to close at 1.3590
  • #1,693
  • Apr 11, 2010 4:28pm Apr 11, 2010 4:28pm
Quoting shahab8b
ok thanx, I wont target that, too far, too risky for short, try to close at 1.3590
Done for the night!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,694
  • Apr 11, 2010 4:29pm Apr 11, 2010 4:29pm
Quoting MarcVUM
Done for the night!
I'm +200 up, waiting to TP
  • #1,695
  • Apr 11, 2010 4:33pm Apr 11, 2010 4:33pm
Quoting shahab8b
I'm +200 up, waiting to TP
Sweet!
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #1,696
  • Apr 11, 2010 4:34pm Apr 11, 2010 4:34pm
Quoting MarcVUM
Sweet!
it's better be quick, I'm waiting to close and go to library
  • #1,697
  • Apr 11, 2010 4:44pm Apr 11, 2010 4:44pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
I'm +200 up, waiting to TP
Hey there Shahab..
Hope you had a nice weekend.
That sounds like a nice start of the week..
Also went for the short EU.. from 1.3666
Looks nice think I will TP around 1.36 and go to bed

Have a good week!

-Tuner-
"Blue Horseshoe loves Anacott Steel!"
  • #1,698
  • Apr 11, 2010 4:50pm Apr 11, 2010 4:50pm
Quoting Tuner
Hey there Shahab..
Hope you had a nice weekend.
That sounds like a nice start of the week..
Also went for the short EU.. from 1.3666
Looks nice think I will TP around 1.36 and go to bed

Have a good week!

-Tuner-
Hi Tuner, thanx, It was good, and full of fun , instead of studying

already my TP in U/chf hit
E/U still waiting
  • #1,699
  • Apr 11, 2010 4:58pm Apr 11, 2010 4:58pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Hi Tuner, thanx, It was good, and full of fun , instead of studying

already my TP in U/chf hit
E/U still waiting
didn't go for the U/CHF.
But had one additional on the AUD for 25pips.

E/U I am watching closely at the moment. saved that one at BE already.
if next M5 candle is another bull I might close it already and take those nice pips...
"Blue Horseshoe loves Anacott Steel!"
  • #1,700
  • Apr 11, 2010 5:05pm Apr 11, 2010 5:05pm
Quoting Tuner
didn't go for the U/CHF.
But had one additional on the AUD for 25pips.

E/U I am watching closely at the moment. saved that one at BE already.
if next M5 candle is another bull I might close it already and take those nice pips...
well done
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