Weekly COT report Analysis + Trade Ideas

Yeah, I watched it twice. He starts off by saying "there's gonna be some good buys today" and then a minute later says "Look at Apple Computer... cancel all orders, CANCEL ALL ORDERS, CANCEL ALL ORDERS". Ha ha ha - that's what I call a change of sentiment in quick flash time.

Well we've got the Conservatives and Lib Dems in talks today to form a coalition government. President Obama apparently labelled Cameron a "lightweight" so I guess they're not going to be best buddies like "Yo Blair and Bush". And the Brits won't be backing that European Bailout Fund either. Not sure how that is going to go down. What are they going to back it with anyway - they haven't got any money.

As an aside Jim Rogers is shorting a large western international financial institution that he describes as a bank which people think is 'extremely sound', but which could be taken down by currency problems. Speculation says it's either Citigroup, JPMorgan or Goldman Sachs. I just received a timely reminder by email from one of my banks in the UK reminding me that only £50,000 is guaranteed if the bank fails - it was from Banco Santander. Time will tell ....

Maybe I'll throw a couple of soldiers out there on gold after looking at your chart

Shahab, you called the Gap on A/U at 90! Hats off to you!

Closed 3 long A/U (.8865) taken on late Fri at .900 (+135*3 pips)

Hi Marc, that proves you can make money when the market is closed too

A quick short A/U (.90) targeting weekly pivot at .8955

A quick short u/J (92.40) targeting w pivot at .9150

Closed all my E/U longs from last week (1.28, 1.27 ,1.26) at 1.29

Short E/U 1.2892 targeting gap ,will close with 50 pips, Sl=25

Sl for all gap trades 25 , (A/U U/J E/U ,shorts)

I collected pips on the first M15 candle and then sold again at 9001. That should be a good trade since weekly pivot is right above daily R1.

Yea, these gaps proved good trades over past weeks but as a general rule ,when something's working 3-4 times in a row be aware of the opposite, we may not see the gap being closed sooner than 3-4 days,just my observation of probabilities and other stuffs.

A/U ,I expect move up ,consolidation ,then down again.

A/U, old weekly chart, as expected

Considering hidden bullish div, we may see delay in the fall, but overall I'm bearish mid term on the A/U, S at .8575 is critical.

That's the reason for tight Sl for gap trades. Out E/U .

You should have taken them at D point 1210 , I've already closed 2 positions with 130 pips each, still have 4 open.If we get there again I'll add more as far as my ab=cd pattern holds, I wont add more if it goes higher than that.

I updated the first page for open potions and PO's.
The trade that I'll post at the first page are trades only based on Daily Time Frame from now on. I trade shorter TF too as usual but I cant update and post them on first page as it's very time consuming for me.

Please note that the SL's on Daily TF are wider than intraday trades, usually more than 100 pips.Moreover those trades need couple of daily candles to give us the result.Having said that, each of them may take from 2 to 10 days to TP or SL.
All the charts for the trades have been posted in previous pages.

thx man and where go again ? i thank go up 1200 again or what ?

Closed at .8955 +45*2 pips

U/Cad

First one is the old weekly chart, note the movement on your daily , it followed the expected path.

Buy limit 1.0250, 1.0200 SL= 1.001

E/J

Sell limit at 121.25-50 SL=126 TP=TBD