Weekly COT report Analysis + Trade Ideas | Page 157 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

COT report... futures or futures and options report? 11 replies

EA, GA, GCAD, GJ, GN - Analysis and trade ideas 11 replies

Cot - Report in application to the Forex 2 replies

Fundamental Analysis - Trade Ideas 2 replies

COT report 1 reply

Attachments: Weekly COT report Analysis + Trade Ideas
Exit Attachments

Weekly COT report Analysis + Trade Ideas

  • #3,121
  • May 20, 2010 10:19am May 20, 2010 10:19am
G/J:

For those who missed the train looking at the chart and wondering what to do next
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj2e.gif Size: 21 KB
Click to Enlarge Name: gj2y.gif Size: 22 KB
  • #3,122
  • May 20, 2010 10:23am May 20, 2010 10:23am
Quoting mahsam
Thanks for the clarification! but one thing I dont understand why would japan not want their currency to get stronger...?? my understanding to this is since japan relies heavily on their exports so a stronger yen means less money coming into the country or something like that..?? right..? I dont knw if that sounds stupid or what not so again m a newbie


Mahsam
Because they are an export oriented country, they want a weaker Yen to make their products more competitive. Every country wants a weaker currency to help them become more competitive. It's a race to the bottom.
Nothing worth having is easy.
  • #3,123
  • May 20, 2010 10:23am May 20, 2010 10:23am
Quoting shahab8b
G/J:

For those who missed the train looking at the chart and wondering what to do next

Hi Shahab,

what would the sl for the sell limit of g/j at 130


Mahsam
  • #3,124
  • May 20, 2010 10:24am May 20, 2010 10:24am
Quoting Patience
Because they are an export oriented country, they want a weaker Yen to make their products more competitive. Every country wants a weaker currency to help them become more competitive. It's a race to the bottom.

Yep got it thanks


Mahsam
  • #3,125
  • May 20, 2010 10:26am May 20, 2010 10:26am
Quoting mahsam
Hi Shahab,

I just wanted to ask you which primary market do you prefer to trade, LODON, TOKYO, or NY... also, when does your usual trading day start and when it ends....??


Thanks


Mahsam

Mahsam, You need to learn how to trade yourself and make your own decision.I' wont be much around in near future, go through my posts and look at the charts , you will get the idea where to look at and how to get a good entry, FX trading is all about your entry level.

For educational purposes I suggest you to look at these websites:

http://www.babypips.com/school/

http://www.learningmarkets.com/

It has good daily videos and the guy's analysis is very good

http://www.actionforex.com/

Look at the Action Insight technical out look ,twice a day.
  • #3,126
  • May 20, 2010 10:26am May 20, 2010 10:26am
Quoting mahsam
Hi Shahab,

what would the sl for the sell limit of g/j at 130


Mahsam
133
  • #3,127
  • May 20, 2010 10:28am May 20, 2010 10:28am
Quoting shahab8b
Mahsam, You need to learn how to trade yourself and make your own decision.I' wont be much around in near future, go through my posts and look at the charts , you will get the idea where to look at and how to get a good entry, FX trading is all about your entry level.

For educational purposes I suggest you to look at these websites:

http://www.babypips.com/school/

http://www.learningmarkets.com/

It has good daily videos and the guy's analysis is very good

http://www.actionforex.com/

Look at the Action...
Thanks again Shahab, sorry if I am being a bit of a nuisance, just really confused for the time being and trying to head in the right direction. I really appreciate all your help

Mahsam
  • #3,128
  • May 20, 2010 10:48am May 20, 2010 10:48am
Quoting mahsam
Thanks again Shahab, sorry if I am being a bit of a nuisance, just really confused for the time being and trying to head in the right direction. I really appreciate all your help

Mahsam
Mahsam, I think you can find different market operating times on the Babypips website. If you go through charts with period dividing lines on them, (right click chart, select 'Properties', then 'Common', then select 'show period separator'), and then go through the big movements everyday, you will be able to see the rhythm of the market better.

In general (but not as a rule!), many big movements come in late Tokyo session, opening of Frankfurt and London, around NY open, and sometimes around NY lunch time. If you try to explore it yourself, you will find that it sticks much more easily.

Trading from a naked chart might take time to learn. If you want to look for a good indicator that doesn't re-paint, before you waste your time on all sorts, I would like to suggest Ichimoku. It is a standard one on all MT4 platforms. And there is a very good Ichimoku thread here on FF as well.

Good luck.
  • #3,129
  • May 20, 2010 10:50am May 20, 2010 10:50am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
Oh, I told you you need to hold them!!! why did you do that???
I know..I know... You told it. and I regret it now.
Seems I don't like to earn money... hehe

I was only able to take a look at the charts for 2 minutes today.
(some simple chart on the net showing the Dax , not the future..)

Something looked like we didn't make a new low and heading up again
(like an inverterd h&s forming....)
Thought my entry was not that perfect to take a possible retrace.... and cashed in tosell again higher)

(Think it was the higlighted spot on the attached chart that made me do that. but looked a bit different..)

knowing that I couldn't acceess the charts and trades for the rest of the day it was a quick decision then... wrong one

I should decide... Go to work all day... or make money (trade)

Or get a trade-replicator EA connected to you account

--> Still it was a nice profit lookin at the percentage of my account. So I actually should still be fine with it.
Attached Image (click to enlarge)
Click to Enlarge Name: dax2.gif Size: 15 KB
"Blue Horseshoe loves Anacott Steel!"
  • #3,130
  • May 20, 2010 10:50am May 20, 2010 10:50am
Quoting Oshawa
Mahsam, I think you can find different market operating times on the Babypips website. If you go through charts with period dividing lines on them, (right click chart, select 'Properties', then 'Common', then select 'show period separator'), and then go through the big movements everyday, you will be able to see the rhythm of the market better.

In general (but not as a rule!), many big movements come in late Tokyo session, opening of Frankfurt and London, around NY open, and sometimes around NY lunch time. If you try to explore it yourself, you...
Thank you Oshawa, appreciate your help


Mahsam
  • #3,131
  • May 20, 2010 11:08am May 20, 2010 11:08am
Quoting shahab8b
Buy limit U/Cad at 1.0400-0410 SL=1.0250

I'm closing the 2nd half of this intra-day trade + my weekly long trades on U/Cad from 1.0350 at 1.0650.
As I've been taking profit long the way the last TP's are +250 and +300.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ucad3.gif Size: 23 KB
Click to Enlarge Name: ucad3a.gif Size: 21 KB
  • #3,132
  • May 20, 2010 11:19am May 20, 2010 11:19am
Quoting shahab8b
Short E/U at 1.2380, SL=1.2450

Short G/U 1.4425 SL=1.4525

Both are in good positions to short, cant post the chart atm, will do it later.

Exiting my E/U short (+25), I dont like that PA.

Clouds might be right about the pattern
Attached Image (click to enlarge)
Click to Enlarge Name: eu2p.gif Size: 16 KB
  • #3,133
  • May 20, 2010 11:21am May 20, 2010 11:21am
Hello shahab8b.
Thanks for so good and valuable thread.
Do you play close attention to Elliot Wave analysis ?

I really like your setups and clean charts.

See ya in A/U shorts :-)
Per aspera ad astra
  • #3,134
  • May 20, 2010 11:25am May 20, 2010 11:25am
Quoting Ihor
Hello shahab8b.
Thanks for so good and valuable thread.
Do you play close attention to Elliot Wave analysis ?

I really like your setups and clean charts.

See ya in A/U shorts :-)

EW, no, that's so confusing, even in EWI the guys get it wrong. It might help you sometimes but it's not good imo because it's so complicated.

Some S/R, TL and Fib and one RSI and MA will serve you better than anything else.
  • #3,135
  • May 20, 2010 11:33am May 20, 2010 11:33am
Good job last couple days Shahab; theres been some sage advice
  • #3,136
  • May 20, 2010 12:33pm May 20, 2010 12:33pm
G/J sell limit (130) is not valid as the price hit the 129.5 and turned south, now it's heading back, I'm not taking that.

There is some new development in E/U going on, lets see how daily close than we decide.
  • #3,137
  • May 20, 2010 1:12pm May 20, 2010 1:12pm
Quoting shahab8b
Exiting my E/U short (+25), I dont like that PA.

Clouds might be right about the pattern
Good call on this one !

How did you know it was going to stop going down ? It actually rocketed up and it is now at 1.2507
  • #3,138
  • May 20, 2010 4:26pm May 20, 2010 4:26pm
Quoting shahab8b
It seems E/U has started a major correction, the short position is about to stopped out. If r at 1.2450 doesn't hold, next stop will be around 1.2525-2600, I like the idea of shorting close to 1.2600.

E/U, take a look at 1.26 S>R where I highlighted earlier.
Only one touch and it drops 130 pips.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu2ua.gif Size: 20 KB
Click to Enlarge Name: eu2oo.gif Size: 21 KB
  • #3,139
  • May 20, 2010 4:35pm May 20, 2010 4:35pm
G/J , I canceled the sell limit at 130 but it worked well, it dropped 200 pips after that, my bad, but no worries next set up will come soon.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gj2y.gif Size: 22 KB
Click to Enlarge Name: gj2p.gif Size: 21 KB
  • #3,140
  • May 20, 2010 4:43pm May 20, 2010 4:43pm
S&P 500 futures
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sp3b.gif Size: 20 KB
Click to Enlarge Name: sp3e.gif Size: 15 KB
9 traders viewing now, 1 is registered:
meugampong