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Weekly COT report Analysis + Trade Ideas

  • #3,601
  • Jun 10, 2010 8:38am Jun 10, 2010 8:38am
Hi Shahab, Here are my trades. Leaving them for a few hours. Will log in later to check up.
Just went short on market price DOW 10073 SL 10095, GBP 14643 SL 14709, AUD double lots 8477 SL 8580. being a Friday I can afford certain luxuries as I drain all profits every Monday.....
Reason: DOW FIB 1070 Also Moon Position in 37 min
GBP Astro signs for the Day
AUD Finishing of Jupitor, ( Could have waited a bit more on this)
Find a job that you love and you dont have to work again in your life.
  • #3,602
  • Jun 10, 2010 9:12am Jun 10, 2010 9:12am
Stopped out in DOW, double lots short 10143 SL 10185.
Find a job that you love and you dont have to work again in your life.
  • #3,603
  • Jun 10, 2010 9:25am Jun 10, 2010 9:25am
Quoting Patience
Nice one I saw your CMC charts with that funky price action on the other thread. I have an account with CMC (UK). I don't trade it very often but I did a few years back. I experienced this kind of funky price action that no other chart was showing more often than I would have liked. They are the worst broker that I have traded with not only because of this but also because of other problems.

Hey Patience, that Chartstation chart of USDX which you posted the other day, was it from a subscription service? If so, which one? Thanks in advance. MikeH
Gone to a better place
  • #3,604
  • Jun 10, 2010 9:51am Jun 10, 2010 9:51am
Quoting tradoholic
I have had numerous problems with CMC, but the reasons for me staying with them is firstly the range of CFDs ( indices, shares, and FX), their spreads on fx and margins ( .5% on indices and FX). I have been able to put up with their other incompetencies. After all they are part owned by Goldman..... These can be expected.
Didn't know that. No wonder they are so corrupt I just found that I couldn't put stops because of these price spikes. They definitely stop hunt their clients.
Nothing worth having is easy.
  • #3,605
  • Jun 10, 2010 9:55am Jun 10, 2010 9:55am
Quoting smikester
Hey Patience, that Chartstation chart of USDX which you posted the other day, was it from a subscription service? If so, which one? Thanks in advance. MikeH
Hey Mike - no it's free. I'll just refer you to this post where I've mentioned it previously. I've been using Netdania's Chartstation for years now.

http://www.forexfactory.com/showpost...postcount=2161
Nothing worth having is easy.
  • #3,606
  • Jun 10, 2010 10:02am Jun 10, 2010 10:02am
Quoting tradoholic
I have had numerous problems with CMC, but the reasons for me staying with them is firstly the range of CFDs ( indices, shares, and FX), their spreads on fx and margins ( .5% on indices and FX). I have been able to put up with their other incompetencies. After all they are part owned by Goldman..... These can be expected.
be nice to your broker 'cos you trade with with them , just kidding!
  • #3,607
  • Jun 10, 2010 10:30am Jun 10, 2010 10:30am
Quoting ben10
be nice to your broker 'cos you trade with with them , just kidding!
Believe me I have been more than nice to them over the years.......
Find a job that you love and you dont have to work again in your life.
  • #3,608
  • Jun 10, 2010 10:42am Jun 10, 2010 10:42am
Astrological hours working beautifully, Saturn hour is coming preparing for a drop now
Find a job that you love and you dont have to work again in your life.
  • #3,609
  • Jun 10, 2010 10:56am Jun 10, 2010 10:56am
Quoting tradoholic
Astrological hours working beautifully, Saturn hour is coming preparing for a drop now
This is very interesting. I am really looking forward to the outcome of this astrological sign for A/U and the U.S. equities. Do you have a TP for A/U?
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #3,610
  • Jun 10, 2010 11:01am Jun 10, 2010 11:01am
Quoting MarcVUM
This is very interesting. I am really looking forward to the outcome of this astrological sign for A/U and the U.S. equities. Do you have a TP for A/U?
Hi there,
I agree with Shahab's previous post of .78 within the next 5 days or so. But I think today's NY close will be very important. According to my astrological hours we will have a drop late in the session.
Good Luck and safe trading
Find a job that you love and you dont have to work again in your life.
  • #3,611
  • Jun 10, 2010 11:16am Jun 10, 2010 11:16am
Closing half my DOW with 70 PIPS, rest SL at B/E. AUD and GBP still running. Going off to bed now, 2:15 am here in sydney. Happy and safe trading to all
Find a job that you love and you dont have to work again in your life.
  • #3,612
  • Jun 10, 2010 11:37am Jun 10, 2010 11:37am
Quoting tradoholic
I have had numerous problems with CMC, but the reasons for me staying with them is firstly the range of CFDs ( indices, shares, and FX), their spreads on fx and margins ( .5% on indices and FX). I have been able to put up with their other incompetencies. After all they are part owned by Goldman..... These can be expected.
I traded with cmc for a couple of years and they are without a doubt the worst broker I have used. I mean absolutely hopeless, I remember waiting 12 minutes to get a fill after a release by which time of course the move was all over and had retraced and they filled up at the top which was now 40 pips loss. I switched to IG markets after cmc dumped the IT finance charting package. They were much better and have an even bigger range of markets but still got requoted more often than I like and the margin wasnt quite as good for cfd's. I trade soley with Oanda now and they are fantastic, no requotes and I have had slippage go in my favour more than once and seen price move within 0.1 pip of my stop and then turn around and become profitable. I only focus on currency these days so its a fair compromise for me. I saw that spike on AUD/USD the other day on cmc and it made my blood boil to see those crooks still up to their old tricks. One day I am going to refund my cmc account and take back all the money they took from me when I was a noob, and some
BTC Return This Year: na
  • #3,613
  • Jun 10, 2010 1:07pm Jun 10, 2010 1:07pm
Quoting Maforexcity
hi
in attached picture (source Timing chart), seems spec and commercial traders are both in extreme levels, so are we should expect increasing in AUDUSD (even temporary )???????????

.
This thread has lost it's originality:

COT Chart & explanation + Trade ideas

I might sound like a grumpy newbie, but I'm missing it.
merda taurorum animas conturbit
  • #3,614
  • Jun 10, 2010 9:12pm Jun 10, 2010 9:12pm
Quoting desifxtrader
This thread has lost it's originality:

COT Chart & explanation + Trade ideas

I might sound like a grumpy newbie, but I'm missing it.
we are in the same boat as i still want to learn more about this cot analysis, Shahab is very busy with his other thread and i hope others who know this stuff(cot) keep posting and continue sharing the knowledge , im hungry for more
  • #3,615
  • Jun 10, 2010 9:41pm Jun 10, 2010 9:41pm
can someone tell me from what website i can get the ssi as it shows on patience post (sentiment index)
  • #3,616
  • Jun 10, 2010 9:51pm Jun 10, 2010 9:51pm
I show a reverse BULLISH divergence for U/J, both on daily and weekly chart.
  • #3,617
  • Jun 10, 2010 11:50pm Jun 10, 2010 11:50pm
Quoting wireash
can someone tell me from what website i can get the ssi as it shows on patience post (sentiment index)
It is part of FXCM's services and a version is publicly available on the DailyFX web site. This public version is not updated as regularly as the one Patience provides and doesnt include all the pairs. notably AUD/USD is missing. You need to have an account with FXCM to get that I believe.
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  • #3,618
  • Jun 11, 2010 12:04am Jun 11, 2010 12:04am
Hi Shahab,
I am back in the office and fired up my charts ( both technical and astrological) today. Here is my my take for today. Pl see if they match with your trades. I do not trade CHF but I can see a large drop in it from late friday and finalising monday.

I have studied all the major drops in Dow which have resulted in drops in EU, AU, and GBP. They have all mostly happened in the last day of Moon cycle. This month the last day is tomorrow ( sydney time), which would mean that after sunset in Australia, we should see the drop starting. Sunset today is at 4:54pm sydney time. Further more a planatory conjunction shows a negative vibe from Europe, this will affect currencies in EU, specially Swiss Franc. The effects of this will be seen in USD Index, and hence all currencies can be shorted against USD.
One more thing is Gold, the same planatory movement that took it up a few days ago is reversing. I expect a reasonable drop before it starts to go back up again. This in conjunction with the DOW, will bring AUD down between today and Monday.
I am still short on AUD from yesterday, also added one more lot at 8503. MY TP for Friday is 82.5, by Monday it should be in .81XX.

Now, I am quite certain of these trades, ofcourse will have SL in place as you can never be 100% sure.

As a guide, drop of AUD today will be between 3:02pm (sydney time) and 3:59. And next one will be at 22:45.

I would not suggest any longs until Tuesday, when the effect of new moon has fully set in.

In general next week looks all negative except Tuesday. I will post more on that on Monday.

I hope these help
Find a job that you love and you dont have to work again in your life.
  • #3,619
  • Jun 11, 2010 12:31am Jun 11, 2010 12:31am
Quoting tradoholic
Hi Shahab,
I am back in the office and fired up my charts ( both technical and astrological) today. Here is my my take for today. Pl see if they match with your trades. I do not trade CHF but I can see a large drop in it from late friday and finalising monday.

I have studied all the major drops in Dow which have resulted in drops in EU, AU, and GBP. They have all mostly happened in the last day of Moon cycle. This month the last day is tomorrow ( sydney time), which would mean that after sunset in Australia, we should see the drop starting....
This sounds all very strange but interesting. I looking forward to reading your posts and comparing against market behavior.

What kind of material do you suggest we read in order to get a better understanding of all the astrological influences on the market?

Regards.

Bouzies
  • #3,620
  • Jun 11, 2010 12:41am Jun 11, 2010 12:41am
Quoting Bouzies
This sounds all very strange but interesting. I looking forward to reading your posts and comparing against market behavior.

What kind of material do you suggest we read in order to get a better understanding of all the astrological influences on the market?

Regards.

Bouzies
Hi,
Send me an email to [email protected] and I will send you an introductory email that I sent all members who enquired about it. Astrology guides you in the direction, timing is always an issue, so if you want to scalp trade, then this system will not work.
Find a job that you love and you dont have to work again in your life.
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