example COT — This is a weekly chart of JPY futures. I use a 52 week sma to determine the trend, COT index is set to 26 weeks to determine the extremes. If you analyze the chart a little bit you will see that the commercials almost always are ...

Another way to trade PA profitably

I always put a 26 SMA and a 52 SMA on the weekly chart. But that's just me.

How do you find and confirm a trend?

ok ok i'll back off.

Who lost money last week?

Jeez, calm down. And what is spot COT??

Who lost money last week?

— wow thanks for backing me up buddy^_^

Who lost money last week?

ok, i give up.:

Who lost money last week?

You got me wrong. I wasn't saying COT represents spot forex. However we can use the futures market as a mirror, a proxy to the spot market. If the smart money is long AUD in the futures market what does that tell us? I trade both spot & futures, and ...

Who lost money last week?

It depends on who's longing and who's shorting.

If more and more people long, is it likely moving up?

You're right, COT isn't everything but it's good at spoting market tops & bottoms. And it does show that commercials hold over 50% of all contracts in the futures market at any given time. They are the smart money here not some hedge fund companies. ...

Who lost money last week?

Couldn't agree with you more. I'm looking to long Aussie, too.

Who lost money last week?

Try putting a 52 SMA and 26 SMA on the weekly chart. The trend does not die unless the 52 changes direction. And a new 26-week high that's when the big traders (hedge fund, etc) start to add long positions, but do not follow them, they're hardly ...

USD/JPY Discussion

In spot forex, most of the funds aren't speculative. Even in futures market this is the case. Take a look at the COT report.

Who lost money last week?

I can assure you your friend is not dumb

Who lost money last week?

at least not in this week I don't see it coming. JPY is shorted heavily by the big boys in the futures market so I would look to long USDJPY (actually the best is to long AUDJPY IMO) this week.

USD/JPY Discussion

just watch how many people are going to lose money in the coming weeks.

Who lost money last week?

Personally I would rather long GBPJPY at this moment if I see a right pa setup.

james16 Chart Thread

I'm in this trade too but I got in late. I missed the monthly pin bar set up but got in earlier today with a 4 hour double bar matching low, it was right before the big drop. Glad I took it.

james16 Chart Thread

0.8000 is a huge support area on both weekly and monthly, also the monthly 365EMA is in that area. Still 200 pips to go. Good luck and keep your stop tight!

james16 Chart Thread

I'm in this trade. If you look closer the daily PB didn't break 50% fibo, two trendlines and a pivot. There's more to it but I can't post it in the public thread. I took the long last week and closed it yesterday with some decent profit but now I'm ...

james16 Chart Thread