GU is sitting on a structural S @ 1.37/1.3675. Not a place to go short if you are a swing trader. I'd prefer selling the rallies to 1.38/1.39. Or if the S fails, sell a back test of 1.37. Alternatively, long trade here can be tried with small SL. ...

Cable Update (GBPUSD)

GBPUSD 1.39 short trade update. I'll keep an eye on 1.3750 and 1.37 GBPUSD trend cycles on D1. My long term view on GBPUSD.

Weekly COT report Analysis + Trade Ideas

SPX, follow-up with the chart.

Weekly COT report Analysis + Trade Ideas

I bought gold at the level I highlighted on the old chart which I shared with friends on a private channel. The line chart is my current interpretation. I'm bullish above 1800 till 1870/75. After that I need to see the PA.

Weekly COT report Analysis + Trade Ideas

SPX shows a topping structure (double top).

Weekly COT report Analysis + Trade Ideas

USDCHF 0.9125 long trade (FB to QN). Levels to watch

Weekly COT report Analysis + Trade Ideas

That's OK as long as you keep your RRR>2:1 or 3:1. This is a probability game and if you keep your winners larger than losers you will always end up positive (assuming you are using a sound trading strategy).

Weekly COT report Analysis + Trade Ideas

GBPUSD 1.39 short trade. The rally to the key resistance was a good opportunity to take another short trade. I see many traders confuse themselves by overanalyzing the chart. My suggestion is: keep it simple and take no-brainer trades. Levels to ...

Weekly COT report Analysis + Trade Ideas

It is easier if you trade in the direction of the higher TF. USDCAD 1.2450 long trade update. Possible short setup @ 1.26.

Weekly COT report Analysis + Trade Ideas

USOIL, the uptrend TL is broken and retested on D1. The bias is bearish below 75.50. The next targets are 70 and 68.

Weekly COT report Analysis + Trade Ideas

Good catch M! We had another FB @ 1.2450. USDCAD 1.2450 long trade (confluence of 1.2450+ Fib 50+ S). I'll keep an eye on 1.25 and 1.2550.

Weekly COT report Analysis + Trade Ideas

USDCHF 0.92 short trade.

Weekly COT report Analysis + Trade Ideas

Thanks bilal1947. I do look at the correlations. But I always suggest trading each chart based on its own PA. GU can sometimes do its own thing. Regarding EU, this is my interpretation of the current trend cycle. Looking at D1, the bias is bearish ...

Weekly COT report Analysis + Trade Ideas

Yes, FB to RN or QN is a very easy setup to use. Here we have a FB to 1.1775 (QN) on EURUSD. For intraday setup, we will look at the PA at 1.1825 for a possible short setup. The demand zone was identified on D1.

Weekly COT report Analysis + Trade Ideas

When we talk about the trend, we also need to mention what TF we are looking at. Looking at D1, this is what I consider the current trend cycle on GBPUSD. Basically, we are either in a new downtrend or in a corrective wave. The bias is bearish below ...

Weekly COT report Analysis + Trade Ideas

Good job on going long GU 1.38. I was looking at that level as well. Yes, M15 is good for intraday setups. Another example is AUDUSD 0.7475 (QN + Fib 61 + S turned R), a simple high probability trade.

Weekly COT report Analysis + Trade Ideas

These simple setups provide quick intraday trades. The key is first identify the confluence level and then remain patient. GBPUSD 1.3850 short trade.

Weekly COT report Analysis + Trade Ideas

I missed this very nice confluence setup on AUDUSD (0.75 RN + Fib 50), posting this for educational purposes. Possible long setup @ 0.74 (posted the chart before).

Weekly COT report Analysis + Trade Ideas

GBPUSD 1.39 short trade (2nd attempt). Levels to watch are 1.38 and 1.3750. Possible short setup @ 1.3850 (not shown on the chart).

Weekly COT report Analysis + Trade Ideas

AUDUSD 0.74 long trade. Possible short setup @ 0.76.

Weekly COT report Analysis + Trade Ideas