Hi Al, I think Gold is forming an expanding triangle (or more specifically a descending broadening wedge according to the encyclopedia of chart pattern by Thomas Bulkowski). I noticed a similar pattern on Gold back in 2008-2009. As you can see it ...

Weekly COT report Analysis + Trade Ideas

Cheers C You are right I have been trying to find a balance between trend following and counter trend setups. I noticed we were doing a lot of counter trend setups which was not very efficient. Also, I've been incorporating the bigger picture (based ...

Weekly COT report Analysis + Trade Ideas

EU, the bearish call based on the weekly chart proved correct. It's been a very good week and I hope everyone enjoyed taking these easy pips. Have a good weekend everyone

Weekly COT report Analysis + Trade Ideas

USDCHF, triangle formation, possibly will break to the upside. A break of 0.8920 will form an asymmetric inverse H&Sh.

Weekly COT report Analysis + Trade Ideas

The H4 double top formation I pointed out earlier is confirmed now. I think we will see a retest of the neckline @ 1.3625.

Cable Update (GBPUSD)

SPXUSD, looks like a double top on H4. I know they will keep buying the dips as usual. But if it starts dropping it can be very sharp.

Weekly COT report Analysis + Trade Ideas

I agree. We can sell the rallies next week.

Weekly COT report Analysis + Trade Ideas

EURGBP long trade. Levels to watch.

Weekly COT report Analysis + Trade Ideas

hasib, what am I looking at again?

Weekly COT report Analysis + Trade Ideas

Yes. It seems GU broke below that double top formation I pointed out earlier. We have a S zone here. The next one is 1.3550.

Weekly COT report Analysis + Trade Ideas

I provided a comparison between the current EU drop and GU drop back in September. So far it's been unfolding as expected. If EU breaks below 1.21/1.2075, the drop can accelerate lower.

Weekly COT report Analysis + Trade Ideas

I don't think it's about being long or short but where to buy and where to sell. Most of the time you can make money both ways.

Cable Update (GBPUSD)

Thanks. I have 0.7150 as the immediate S. Let's see if it can hold.

Weekly COT report Analysis + Trade Ideas

NZDUSD, short trade update. Possible H&Sh, neckline @ 0.7150. I like these line charts. I find them every helpful when looking at the bigger picture.

Weekly COT report Analysis + Trade Ideas

USDCAD, long trade update. One of those technical trades that worked well. A break of R zone @ 1.28/1.2825 will indicate a short term bottom is in place.

Weekly COT report Analysis + Trade Ideas

AUDJPY, possible triple top

Weekly COT report Analysis + Trade Ideas

GU, for now D1 uptrend remains intact. But D1 RSI shows divergence. If GU breaks below 1.35, a short term top will be in place.

Weekly COT report Analysis + Trade Ideas

It requires medium impact.

Cable Update (GBPUSD)

I think buying the dips can still work above 1.36. But if GU breaks below 1.36/1.3625, it will form a double top on H4.

Cable Update (GBPUSD)

NZDUSD, short trade taken based on confluence setup. Levels to watch.

Weekly COT report Analysis + Trade Ideas