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Weekly COT report Analysis + Trade Ideas

  • #3,421
  • May 27, 2010 1:04pm May 27, 2010 1:04pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting shahab8b
I think there is some resistance going on at the neckline, why dont you take profit on all those sweet pips. There will be a chance to go long and short later on.

If you wanna keep it target the S>R level just before 50% fib, a bit below your current TP level.
Just did cash in. The TP I had on it was just to make it a free run for today.. or to TP on a "mysterious spike" to the upside

--> If I still had the other position I would have closed only one of them.
But I prefer the green pips on my account now.

More possibilities to come..right.
--> Yes! That 61.8 level would be a prett nice short entry
Got a long weekend now (not working on Friday and Monday) and might call it the week and month already with no more new trades..
If I manage to stay away from the charts
"Blue Horseshoe loves Anacott Steel!"
  • #3,422
  • May 27, 2010 1:17pm May 27, 2010 1:17pm
Quoting Bouzies
At the moment there is a setup for the RSI extreme strategy (see post 2715 page 181 by Shahab) on AUDUSD and AUDJPY. Both to go Short.
Extreme RSI setup all over the place now...

GBPJPY, AUDUSD, NZDUSD, USDJPY, AUDJPY, NZDJPY
  • #3,423
  • May 27, 2010 1:43pm May 27, 2010 1:43pm
watch out for lower Dow close in last 1.5 hr, - will bring g/y lower
  • #3,424
  • May 27, 2010 2:03pm May 27, 2010 2:03pm
Quoting Bouzies
Extreme RSI setup all over the place now...

GBPJPY, AUDUSD, NZDUSD, USDJPY, AUDJPY, NZDJPY

True, I've taken position on few of them, use a Fib level of the drop (the drop from .94 on A/U for instance) you will know where to use both RSI extreme set up and fib level confluence, very reliable set up.
  • #3,425
  • May 27, 2010 2:09pm May 27, 2010 2:09pm
E/U 5 min short trade...
Attached Image (click to enlarge)
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  • #3,426
  • May 27, 2010 2:38pm May 27, 2010 2:38pm
Quoting shahab8b
True, I've taken position on few of them, use a Fib level of the drop (the drop from .94 on A/U for instance) you will know where to use both RSI extreme set up and fib level confluence, very reliable set up.
Yes, I have also some positions on these too.

Could you post a chart example of the confluences between Fib and RSI extreme that you mentioned?

Thank you.
  • #3,427
  • May 27, 2010 2:49pm May 27, 2010 2:49pm
Quoting shahab8b
I see that, great trades . I'd be happy to have your ideas here.Keep us posted on astrological signs.
hi Shahab,
Cleared my positions on DJ 10200, U/J 9085, Still short on EU. I am now adding to my shorts on EUwaiting for a drop tomorrow. After this I might take a few weeks off. My risk of using 90% of my equity paid off (trippled iy in one night) but lost lots of nail tips in the process.

The market will be on the upside now, but I will be waiting for 11th June and then 11th of July. They are both on the weekend, I will be studing to see the effect on the day prior and after. Thanks for letting me share my ideas and trades.
Find a job that you love and you dont have to work again in your life.
  • #3,428
  • May 27, 2010 3:05pm May 27, 2010 3:05pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting tradoholic
hi Shahab,
Cleared my positions on DJ 10200, U/J 9085, Still short on EU. I am now adding to my shorts on EUwaiting for a drop tomorrow. After this I might take a few weeks off. My risk of using 90% of my equity paid off (trippled iy in one night) but lost lots of nail tips in the process.

The market will be on the upside now, but I will be waiting for 11th June and then 11th of July. They are both on the weekend, I will be studing to see the effect on the day prior and after. Thanks for letting me share my ideas and trades.
Hey there tradoholic..
Congrats. Nice trades. Also took most of the DJ upmove. TP @ 10180
Gets me pretty curious on how that approach works. You must really rely on it if you almost go "All in" with it. :o
You had a good entry I think and could set SL to BE pretty early so it was risk free after that.
But still risky.
"Blue Horseshoe loves Anacott Steel!"
  • #3,429
  • May 27, 2010 3:07pm May 27, 2010 3:07pm
Quoting shahab8b
If someone plays Options here, weekly 28th May-A/U 8500 Call Option with strike of 14 is a good deal.Also, weekly 28th May U/Chf 11300 Put Option with strike of 14.

The current strike price is 99.5.
  • #3,430
  • May 27, 2010 3:15pm May 27, 2010 3:15pm
Quoting Tuner
Hey there tradoholic..
Congrats. Nice trades. Also took most of the DJ upmove. TP @ 10180
Gets me pretty curious on how that approach works. You must really rely on it if you almost go "All in" with it. :o
You had a good entry I think and could set SL to BE pretty early so it was risk free after that.
But still risky.
HI Tuner,
Thanks for the remarks. Good job on your trades.
i Had been waiting for this day for moonths as I mentioned in my previous posts. I was quite certain of the move up on Dow. The all in factor helped the bottom line, but I think i exited soon as the upside will continue. Never mind will catch the next wave. Keep up the good work.
Find a job that you love and you dont have to work again in your life.
  • #3,431
  • May 27, 2010 3:31pm May 27, 2010 3:31pm
A/U...
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When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,432
  • May 27, 2010 3:39pm May 27, 2010 3:39pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting tradoholic
HI Tuner,
Thanks for the remarks. Good job on your trades.
i Had been waiting for this day for moonths as I mentioned in my previous posts. I was quite certain of the move up on Dow. The all in factor helped the bottom line, but I think i exited soon as the upside will continue. Never mind will catch the next wave. Keep up the good work.
Well, still nice profits. So nothing to complain about
I only trades really minimum lotsizes the last weeks. So not the account tripple for me

You posted your email yesterday for some more information. Just sent you a quick mail for that. Curious on how you use..or what you use for it.
If it matches with the technical aspects on the charts..strong support / oversold or something like that it can sure be a nice additional aspect to make you more confident.
As Shahab said. Keep us informed!

Regards, Tuner
"Blue Horseshoe loves Anacott Steel!"
  • #3,433
  • May 27, 2010 3:45pm May 27, 2010 3:45pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting Tuner
Only 2 small trades left at the moment:
Long A/U (from 0.8150) +300 now
Short U/CAD (from 1.0725) +200 now
.
Did cash in now

+ 370 on the AUD
+ 240 on the U/CAD

and will call it the week now.
More opportunities to come!
"Blue Horseshoe loves Anacott Steel!"
  • #3,434
  • May 27, 2010 3:48pm May 27, 2010 3:48pm
Quoting Tuner
Did cash in now

+ 370 on the AUD
+ 240 on the U/CAD

and will call it the week now.
More opportunities to come!
Good Job Tuner! That's awesome.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,435
  • May 27, 2010 3:55pm May 27, 2010 3:55pm
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
Good Job Tuner! That's awesome.
Thanks Marc,

Hope you are doin fine as well!

Those were only the small remaining positions.
Wanted to let those run a lil longer. But won't have access to my plattform the next days. and you never know what's gonna happen.. these days
so cashed in on my account and safe.
"Blue Horseshoe loves Anacott Steel!"
  • #3,436
  • May 27, 2010 4:08pm May 27, 2010 4:08pm
Quoting Tuner
Well, still nice profits. So nothing to complain about
I only trades really minimum lotsizes the last weeks. So not the account tripple for me

You posted your email yesterday for some more information. Just sent you a quick mail for that. Curious on how you use..or what you use for it.
If it matches with the technical aspects on the charts..strong support / oversold or something like that it can sure be a nice additional aspect to make you more confident.
As Shahab said. Keep us informed!

Regards, Tuner
Thanks for your email. I use astrological charts as another tool. Most of my trades have to agree with my charts as well. I use tradestation as my charting software, and manual calculation for my astrological charts.
I am still learning as there is not much work done about financial astrology. Mac Bank spent $20M on a research ( started 1989 with 48 astrologers) that they completed last year but they are keeping the result as a secret. They only studied the effect of the Moon on share market, which gives them 4 certain trades ( trade days) per month. I am studing the effects of 7 planets and dont have $20M but the results are astonishing.
I got a few emails from other members wanting to know more about astrological aspects as well, I am gathering some basic information and will email back shortly. Thanks again for showing interest.
Find a job that you love and you dont have to work again in your life.
  • #3,437
  • May 27, 2010 6:47pm May 27, 2010 6:47pm
Kiwi.
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  • #3,438
  • May 27, 2010 6:48pm May 27, 2010 6:48pm
CCI divergence on EURJPY, good entry for long
  • #3,439
  • May 27, 2010 7:00pm May 27, 2010 7:00pm
Quoting Bouzies
Yes, I have also some positions on these too.

Could you post a chart example of the confluences between Fib and RSI extreme that you mentioned?

Thank you.

Like this, but if you wanna keep it simple, only use one fib in the daily chart, then when you are looking at RSI extreme in HR chart, look at the fib level, whenever you have two of them you will get a perfect entry.

In this example we can take a short at .85-8520 with a 1/2 ADR SL (60 pips) ,then targeting daily pivot at .8420
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Spot FX (mini) AUD_USD (4).png Size: 27 KB
Click to Enlarge Name: Spot FX (mini) AUD_USD (5).png Size: 29 KB
  • #3,440
  • May 27, 2010 7:08pm May 27, 2010 7:08pm
Guys, let me know this chart format is better or the older one with MT4 platform (black on white)
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