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Weekly COT report Analysis + Trade Ideas

  • #3,301
  • May 25, 2010 11:11am May 25, 2010 11:11am
U/Cad - looks like another oppurtunity to short at 1.0796 -

approching daily R3 second time
  • #3,302
  • May 25, 2010 11:13am May 25, 2010 11:13am
Quoting jackm1
U/CHF is up past 6 weeks, if finishes this week's candle, will be up for 7 weeks straight. I love to exploit statistical patterns.

Now you all know the significance of number 7, if not, Google it.

I think the EURO will return next week from the grave.

Of course, we can not argue with FIB levels either and will have to see where we are at the end of this week with FIB retracements.

yes been watching it, daily formin exhaustion we'll see at d end f the day if reversal bar will b valid
  • #3,303
  • May 25, 2010 11:52am May 25, 2010 11:52am
Quoting shahab8b
Hi there, as you know I dont know much about astrological sign, but technically speaking DJ might drop further, be careful and use SL.

Regarding your question, you can look at currency pairs that have higher correlation with S&P and DJ, like A/U ,U/Cad and their JPY crosses.
Hi Shahab,
Thanks for that. I am long on DJ 4 lots averaging 9835. Exited my shorts on EU/US, and AU/US that I kept as hedge. It has worked ok so far. No TP yet, intend to keep for a ahile. Lets see.
Find a job that you love and you dont have to work again in your life.
  • #3,304
  • May 25, 2010 12:01pm May 25, 2010 12:01pm
Quoting goodness
yes been watching it, daily formin exhaustion we'll see at d end f the day if reversal bar will b valid
Two more hours to close and U/CHF has "pin bar", setup in making.

Would be a good short play once close below 1.1488 level, the mother candle low two days ago.
  • #3,305
  • May 25, 2010 12:09pm May 25, 2010 12:09pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
U/Cad is playing with my feelings ,I took another short at 1.08250 ,Sl=1.0850 1st TP=1.0725 2nd TP=TBD
I entered that one on the last retest of the 1.08 area but for a scalp only
Got in @ 1.0805 and cashed in on the bounce of 1.0725 area for a quick 75 pips.
Take what I get get until I see a clearer direction.
(note to myself: take 2 positions next time and only cash in one of them, second one SL>BE)
"Blue Horseshoe loves Anacott Steel!"
  • #3,306
  • May 25, 2010 12:11pm May 25, 2010 12:11pm
Quoting Tuner
I entered that one on the last retest of the 1.08 area but for a scalp only
Got in @ 1.0805 and cashed in on the bounce of 1.0725 area for a quick 75 pips.
Take what I get get until I see a clearer direction.
(note to myself: take 2 positions next time and only cash in one of them, second one SL>BE)

Sweet, the direction has become clear though, we are going for a retrace in USDX.
  • #3,307
  • May 25, 2010 12:15pm May 25, 2010 12:15pm
http://www.forexfactory.com/showpost...postcount=2173
  • #3,308
  • May 25, 2010 12:15pm May 25, 2010 12:15pm
http://www.forexfactory.com/showpost...postcount=2174
  • #3,309
  • May 25, 2010 12:17pm May 25, 2010 12:17pm
Quoting shahab8b
Sweet, the direction has become clear though, we are going for a retrace in USDX.
Is this what you are thinking.. retrace to white oval?
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 130 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,310
  • May 25, 2010 12:19pm May 25, 2010 12:19pm
Quoting Saxon
http://www.forexfactory.com/showpost...postcount=2174

Nice calls Saxon, I took the same pairs and trades couple of hrs ago. , #3280 #3288
U/Cad short +90 pips , U/chf short +80 pips so far.
  • #3,311
  • May 25, 2010 12:21pm May 25, 2010 12:21pm
Quoting MarcVUM
Is this what you are thinking.. retrace to white oval?

Hey Marc, I can show you the level of retrace on A/U and A/J and S&P ,is it OK?
  • #3,312
  • May 25, 2010 12:22pm May 25, 2010 12:22pm
Quoting shahab8b
Hey Marc, I can show you the level of retrace on A/U and A/J and S&P ,is it OK?
Sure that would be great.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,313
  • May 25, 2010 12:27pm May 25, 2010 12:27pm
Quoting MarcVUM
Sure that would be great.

First take a look at this E/chf chart ,the box, and tell me if you see something like this recently?
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX (mini) EUR_CHF (-).png Size: 27 KB
  • #3,314
  • May 25, 2010 12:29pm May 25, 2010 12:29pm
Quoting shahab8b
First take a look at this E/chf chart ,the box, and tell me if you see something like this recently?
Ya, that is what the latest fall in S&P and A/U Daily charts looks like.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,315
  • May 25, 2010 12:31pm May 25, 2010 12:31pm
Quoting MarcVUM
Ya, that is what the latest fall in S&P and A/U Daily charts looks like.

You got it, the same fib level and ext, you can check it out yourself, it will follow that path.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX (mini) AUD_JPY (-).png Size: 24 KB
  • #3,316
  • May 25, 2010 12:34pm May 25, 2010 12:34pm
A/J
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX (mini) AUD_JPY (1).png Size: 32 KB
  • #3,317
  • May 25, 2010 12:43pm May 25, 2010 12:43pm
So a retouch of 8800 is what we are looking at?
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 140 KB
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,318
  • May 25, 2010 12:44pm May 25, 2010 12:44pm
Quoting pipspike
Looks like running out of gas on daily chart (look back period approx 1 yr for daily chart)
working out good
  • #3,319
  • May 25, 2010 12:46pm May 25, 2010 12:46pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
A/J
Looks good. There is what I was lookin (or maybe dreamin of ) for on the A/U

btw. what site offers the "IT-Finance.com" charting that you use?
Didn't find one on the net.
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_daily.gif Size: 15 KB
"Blue Horseshoe loves Anacott Steel!"
  • #3,320
  • May 25, 2010 12:56pm May 25, 2010 12:56pm
If you missed U/Chf short dont worry, you can take a short on daily chart, it will play out in 3-4 days,
Attached Image (click to enlarge)
Click to Enlarge Name: Spot FX (mini) USD_CHF (3).png Size: 33 KB
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