Weekly COT report Analysis + Trade Ideas

U/Cad I've cashed in on multiple positions as I was heavily long U/Cad from .9966 ,.9960,.9960 ,.9958,6,4 with a SL of 30-50 pips (depending on entry) I risked 5% total ,which was bigger than my usual 2-3% ,I only leave two position open with SL at B/E and let them run till weekly pivot and above

My E/U trade earlier today, the ab=cd pattern that I went for , as expected
RRR= 1:2.33, risk 1% return 2.33%, in one trade

long U/J has been taken at 93.10 SL=30 pips Tp 95 and above,the chart same as I posted before
the Time of trade would be 2-3 days or more

U/J long trade ,has been taken at daily pivot 93.10 sl=30 (my old chart from morning just added the trade call)

U/Cad long , update
not a bad trad at all, I closed most of my positions earlier (except two) to avoid a possible heart attack. will tp 1st one at weekly pivot, 2nd free trade

Hey there Shahab.. my man
Hope you are doin fine.
Nice setup for the U/J long. RRR is pretty good!
I entered as well @ 93.06.. looks good so far

Weekly pivot @ 93.59 has been tested 2 times already and bounced back down from there. so you think it will break this time?
after that we also have weekly R1 to pass then.
As I only have one position I might cash it in a lil earlier if I see a bounce
we will see.
Good luck to you.
Tuner

SSI: Retail USDJPY Bulls Look For Reversal as Price Action Holds Above 20-Day SMA
Wednesday, 14 Apr 2010 18:26 GMT
Written by David Song

FXCM Speculative Sentiment Index (SSI) Statistics:



Intraday Highlight:

USDJPY - The ratio of long to short positions in the USDJPY stands at 2.16 as nearly 68% of traders are long. Yesterday, the ratio was at 1.41 as 59% of open positions were long. In detail, long positions are 41.3% higher than yesterday and 42.4% stronger since last week. Short positions are 7.6% lower than yesterday and 12.0% weaker since last week. Open interest is 21.0% stronger than yesterday and 18.7% above its monthly average. The SSI is a contrarian indicator and signals more USDJPY losses.

SSI Details:

EURUSD - The ratio of long to short positions in the EURUSD stands at -1.48 as nearly 60% of traders are short. Yesterday, the ratio was at 1.02 as 50% of open positions were long. In detail, long positions are 31.1% lower than yesterday and 35.5% weaker since last week. Short positions are 3.9% higher than yesterday and 13.5% stronger since last week. Open interest is 13.8% weaker than yesterday and 12.7% below its monthly average. The SSI is a contrarian indicator and signals more EURUSD gains.

GBPUSD - The ratio of long to short positions in the GBPUSD stands at -1.67 as nearly 63% of traders are short. Yesterday, the ratio was at -1.27 as 56% of open positions were short. In detail, long positions are 15.3% lower than yesterday and 10.5% weaker since last week. Short positions are 11.1% higher than yesterday and 0.5% stronger since last week. Open interest is 0.5% weaker than yesterday and 5.9% above its monthly average. The SSI is a contrarian indicator and signals more GBPUSD gains.

GBPJPY - The ratio of long to short positions in the GBPJPY stands at -1.40 as nearly 58% of traders are short. Yesterday, the ratio was at -1.18 as 54% of open positions were short. In detail, long positions are 10.7% lower than yesterday and 22.6% weaker since last week. Short positions are 6.3% higher than yesterday and 7.8% stronger since last week. Open interest is 1.5% weaker than yesterday and 8.6% below its monthly average. The SSI is a contrarian indicator and signals more GBPJPY gains.

USDCAD - The ratio of long to short positions in the USDCAD stands at 4.50 as nearly 82% of traders are long. Yesterday, the ratio was at 4.16 as 81% of open positions were long. In detail, long positions are 7.4% higher than yesterday and 13.4% stronger since last week. Short positions are 0.8% lower than yesterday and 22.3% weaker since last week. Open interest is 5.8% stronger than yesterday and 16.5% above its monthly average. The SSI is a contrarian indicator and signals more USDCAD losses.

USDCHF - The ratio of long to short positions in the USDCHF stands at 2.62 as nearly 72% of traders are long. Yesterday, the ratio was at 2.77 as 73% of open positions were long. In detail, long positions are 2.7% lower than yesterday and 39.9% stronger since last week. Short positions are 2.6% higher than yesterday and 46.7% weaker since last week. Open interest is 1.3% weaker than yesterday and 26.0% below its monthly average. The SSI is a contrarian indicator and signals more USDCHF losses.

AUDUSD - The ratio of long to short positions in the AUDUSD stands at -1.82 as nearly 65% of traders are short. Yesterday, the ratio was at -1.17 as 54% of open positions were short. In detail, long positions are 21.2% lower than yesterday and 16.1% weaker since last week. Short positions are 22.5% higher than yesterday and 11.0% weaker since last week. Open interest is 2.4% stronger than yesterday and 1.7% below its monthly average. The SSI is a contrarian indicator and signals more AUDUSD gains.

NZDUSD - The ratio of long to short positions in the NZDUSD stands at -1.08 as nearly 52% of traders are short. Yesterday, the ratio was at 1.09 as 52% of open positions were long. In detail, long positions are 15.1% lower than yesterday and 7.5% weaker since last week. Short positions are 0.0% lower than yesterday and 17.3% weaker since last week. Open interest is 7.9% weaker than yesterday and 8.1% below its monthly average. The SSI is a contrarian indicator and signals more NZDUSD gains.

Hi Tuner, everything's fine here.
yesterday I lost some on E/U short and A/U short, but today E/U and U/Cad long brought the money back.
U/J long needs some patience as I mentioned before, it will go up and down in the way but finally I think it will clear the weekly pivot. we will see.

U/J long from 93.10 (+27*2) so far so good, when we get +50 pips I will move SL>B/E

being busy with other stuff I didnt trade my G/J long set up and I missed to post it here too, I will be looking to see if we can get boarding on G/J long

Ya.. pretty choppy the last days. only went for some smaller scalps. and stood aside on the aud-shorts as mentioned yesterday. I am long U/C and U/J at the moment. let's see if it will work out.
the U/C I saved at BE. For the U/J I left SL below the recent low.
Was BE on so many trades this week, as I saved them too early. so I givethe U/J a lil room. till we cleared that weekly pivot.

gonna get some sleep now. Hope to see still some green pips tomorrow.

see you!

Pending Order: A/U sell limit at weekly R at .9394 SL=30 TP=60 RRR=1:2

A/U sell at .9335 sl20 tp=40-60

Well done to the FXCM traders. They should be well in the money this morning. E/U has already gone over it's ATR today so I wouldn't expect to see much more downside than the low it's already put in unless we get a stock market sell-off. Gap still to be plugged though.

USDX 4 Hour

A/U short from .9335 still in play, SL moved to .9347 to reduce the risk
TP=.9292

long U/Chf at 1.0567 has been taken at weekly S bounce sl=20

Shahab, I had closed my short from yesterday at 9327 (daily pivot) as I had targeted. I truly don't think she will go down much lower as my H4 will show. She has hit the important MA's and will kind of sideways trade for a little while (consolidate) before heading back up. That's my opinion.

Gold sell limit at 1188 sl=1196

Short E/G closed +50 , looking to buy

Hi Marc, 90% agree, but I'm already in and don't like to close with +2 pips!! changed my SL to .9345. just 10 pips and .02 % risk no worry