I know last week when we put the charts up, the 61.8% fib was lower, turns out the market was looking at a different 61.8.
Do you just leave your entry at the 61.8 or do you wait for a bias change on the 1hr charts?
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COT report 1 reply
DislikedYou can find the COT reports here
The CME report contains currencies. Did you read the first post of this thread? Imho, it's required background info if you want to interpret the data correctly. Like the way the currencies are denominated (e.g. long yen in "COT speak" = long JPYUSD, so actually short USDJPY).Ignored
DislikedYou can find the COT reports here
The CME report contains currencies. Did you read the first post of this thread? Imho, it's required background info if you want to interpret the data correctly. Like the way the currencies are denominated (e.g. long yen in "COT speak" = long JPYUSD, so actually short USDJPY).Ignored
DislikedFxrambo,
The major currency pairs are to be found in the CME COT report.
Attachment
Now, let's take the yen overview as an example. As you (should) know, the COT report uses the XXX/USD format for currency pairs, so if the COT says non-commercials have taken more longs than shorts in Japanese yen, it means more longs than shorts in JPY/USD, which is equivalent to more shorts than longs in USD/JPY, which is the pair we all trade.
If we look at the JPY COT report of this week, we see that non-commercials, so the big hedge funds,...Ignored
DislikedCould you possibly explain how you traded this one as an entry?
I know last week when we put the charts up, the 61.8% fib was lower, turns out the market was looking at a different 61.8.
Do you just leave your entry at the 61.8 or do you wait for a bias change on the 1hr charts?Ignored
DislikedAren't harmonics, especially ABCD, only supposed to operate from the 61.8% retracement?
This chart looks like the ABCD is connected at random points.
Any thoughts? ThanksIgnored
DislikedThanks for the info.
How do you decide to enter off the fib levels?
I can see how the ABCD can help with the extension but we have to let it confirm the fib level first before we know that the fib is definitely actinf as support/resistance don't we?Ignored
Dislikedits depends on the way you trade and your system, some trader wait for canldesticks confirmations or trend line...Ignored