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Weekly COT report Analysis + Trade Ideas

  • #2,301
  • Apr 28, 2010 7:15pm Apr 28, 2010 7:15pm
A/J short in play ,based on MACD
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  • #2,302
  • Apr 28, 2010 7:17pm Apr 28, 2010 7:17pm
Quoting shahab8b
A/U , weekly pivot at .9257 is good to try another short- the SL level is well defined, if the pattern breaks it would make a bullish flag, you probably don't want to be short in a bullish flag in Aussie

A/U short from .9257 , 30+*2 atm, SL>B/E
  • #2,303
  • Apr 28, 2010 7:19pm Apr 28, 2010 7:19pm
my Pending orders:

U/J Sell limit at weekly R1, 94.97 sl=50
U/Cad buy limit at weekly pivot, 1.0044 sl=25
  • #2,304
  • Edited 8:04pm Apr 28, 2010 7:53pm | Edited 8:04pm
G/U

long has been taken at 1.5168 ,SL=1.5118, Tp 1.5300 & 1.5346 weekly pivot
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  • #2,305
  • Apr 29, 2010 6:58am Apr 29, 2010 6:58am
Hi Shahab,

Please look at the chart attached. It appears we have a Head & Shoulder pattern in forming. Currently, as I see, we are heading towards neckline at about 1.4850-1.4900. Fundamentals also support the short term view.

This patten is invalid at any daily close about 1.5330-50.

I have entered a short with TP at a breakdown point 1.5340.

Short - 1.5260
Stoploss - 1.5340 (80 pips)
T1 - 1.5150 (move stop to B/E)
T2 - 1.5050
T3 - 1.4950

Time-frame = 7-10 Trading days.

Cheers

PS : Feedback would be great on the charts.
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  • #2,306
  • Apr 29, 2010 7:03am Apr 29, 2010 7:03am
G/U : long trade +90 *2 atm, and no drawdown, will close at S>R around 1.5290-53
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  • #2,307
  • Apr 29, 2010 7:27am Apr 29, 2010 7:27am
Quoting puks
Hi Shahab,

Please look at the chart attached. It appears we have a Head & Shoulder pattern in forming. Currently, as I see, we are heading towards neckline at about 1.4850-1.4900. Fundamentals also support the short term view.

This patten is invalid at any daily close about 1.5330-50.

I have entered a short with TP at a breakdown point 1.5340.

Short - 1.5260
Stoploss - 1.5340 (80 pips)
T1 - 1.5150 (move stop to B/E)
T2 - 1.5050
T3 - 1.4950

Time-frame = 7-10 Trading days.

Cheers

PS : Feedback would be great on the charts.
Hi buddy, good chart,
I posted in other thread about something like this, different people see different things on the screen.
having said that I wanna say my thoughts if I may,
1- if I wanna take a short I'd place the order at weekly pivot 1.5347 (7 pips above your sl which means you place your sl at a point where the price may turn)
2-the other thing is my interpretation of H & Sh, I think conceptually H & Sh should be a reversal pattern ,it means it should be a top on an uptrend or an Inverse H & Sh for a bottom.

but I should add I see good analysts posting H & Sh in the way you did, so there is a good chance that this approach woks too.

anyways, good luck on the trade and use appropriate MM
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  • #2,308
  • Apr 29, 2010 7:41am Apr 29, 2010 7:41am
short A/U .9290 SL=.9320
be careful with this one, it might turn out to be a bullish flag with WXY (abcxabc) correction pattern
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  • #2,309
  • Apr 29, 2010 7:43am Apr 29, 2010 7:43am
Quoting shahab8b
short A/U .9290 SL=.9320
Not waiting for Daily R1 at 9299?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #2,310
  • Apr 29, 2010 7:47am Apr 29, 2010 7:47am
Quoting MarcVUM
Not waiting for Daily R1 at 9299?
you know that I'm not scalping so will add till my SL , TL hit so I see it a good entry
  • #2,311
  • Apr 29, 2010 9:10am Apr 29, 2010 9:10am
I wonder how far they want to push this up, let's see if I'm wrong again, it should capped before 61% and then fall hard, and drag down A/U ,N/U and the rest,
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  • #2,312
  • Edited 10:16am Apr 29, 2010 9:56am | Edited 10:16am
short Cad/J at 93.93 has been taken sl=30
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  • #2,313
  • Apr 29, 2010 10:04am Apr 29, 2010 10:04am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
short Cad/J at 93.93 has been taken sl=30
After taking profit on my nice shorts from earlier this week I had my new pending orders at that area as well. (93.95 and 93.80)
on my micro-account only..
Let's see if we can ride the whole way down again.
I got a wider stop again on that one.
let's see...
"Blue Horseshoe loves Anacott Steel!"
  • #2,314
  • Apr 29, 2010 10:13am Apr 29, 2010 10:13am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Shahab.. what you think of Gold today?
Still holding my short from 1173.1
moving faster than yesterday and seems not having any problems with the daily pivot atm.

but still can turn out as bullish flag..
Might set SL above that upper line if we don't see the hard drop soon..
(want some pips this time )
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"Blue Horseshoe loves Anacott Steel!"
  • #2,315
  • Apr 29, 2010 10:13am Apr 29, 2010 10:13am
hi guys

ْGBPUSD60
0-5?
http://www.forexrainbow.com/files/4s...dtuf_thumb.gif

Good luck
  • #2,316
  • Apr 29, 2010 10:14am Apr 29, 2010 10:14am
Quoting shahab8b
short A/U .9290 SL=.9320
be careful with this one, it might turn out to be a bullish flag with WXY (abcxabc) correction pattern

So I am short on this guy with weekly stochs oversold. Should I stay short.......your thoughts.
  • #2,317
  • Apr 29, 2010 10:24am Apr 29, 2010 10:24am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Just seen my pending order on U/CAD has been triggered today.
Long from 1.0020 on a bounce from that LTL
(as this is below weekly pivot and daily S1 I didn't really expect that one to be hit.)
If we close above the weekly pivot I will be more confident to let that one run for a while (up to weekly R1 around 1.0160) But gonna watch PA at daily pivot. Let's see...

You are long as well Shahab?
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"Blue Horseshoe loves Anacott Steel!"
  • #2,318
  • Apr 29, 2010 10:25am Apr 29, 2010 10:25am
Quoting jackm1
So I am short on this guy with weekly stochs oversold. Should I stay short.......your thoughts.
what's your entry? and I dont know your risk and your style of trading ,I cashed some shorts at weekly pivot then SL>B/E at .9290 will hold it
  • #2,319
  • Apr 29, 2010 10:26am Apr 29, 2010 10:26am
Quoting Victory83
hi guys

ْGBPUSD60
0-5?
http://www.forexrainbow.com/files/4s...dtuf_thumb.gif

Good luck
I like it
  • #2,320
  • Apr 29, 2010 10:31am Apr 29, 2010 10:31am
Quoting shahab8b
what's your entry? and I dont know your risk and your style of trading ,I cashed some shorts at weekly pivot then SL>B/E at .9290 will hold it

My style, weekly to daily and then final approach at 4h chart.

I follow 4h stochs with s/l layers for stop losses and TPs.

Looking at A/U weekly, I think its going down to .9168 or so.
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