Still net shorts in the COT report and index has been overbought for a long time - this looks like a classical short squeeze and or mainly profit taking as the channel is so well defined? Having said that potential upside resiatamce is still the ...

Weekly COT report Analysis + Trade Ideas

shabab - when you enter these trades, what are you looking for as your targets? I can understand looking at the COT reports and saying there are net shorts or the index is overbought but some of the earlier threads suggested 50pip trades based off ...

Weekly COT report Analysis + Trade Ideas

It's not just the books. I mean SR patterns, etc. can all be traded but it's being able to hold onto a trade until the next support/resistance area or the wave pattern. Any thoughts on that or is that what you do, hold on until the trade reaches the ...

Weekly COT report Analysis + Trade Ideas

Sometimes I like the link (inverse) between UCAD and oil (WTI) a little better than the stock market. Any thoughts? Dollar index at support area today.

Weekly COT report Analysis + Trade Ideas

If you draw in the trendline from the top and the horizontal resistance, don't we get a possible cap area of 1.550?

Weekly COT report Analysis + Trade Ideas

Who is Peter Bain? When any index is at the extremities, to take that advice is suicide. If the net position changes from short to long then you could consider going long but it would be better to have got in before obviously and use that to stay ...

Weekly COT report Analysis + Trade Ideas

That's the COT index though. The big players are long but the index is showing an overbought scenario, looking at the last few times it got to those levels the GBP reversed its price path. For the YEN, date needs to go back a bit further.

Weekly COT report Analysis + Trade Ideas

2 countries in trouble there though. Neither the Japanese nor the Swiss want string currencies yet it can't be helped at the moment. USDCHF did just hit it's 200 day MA though and there is talk of the Japanese PM wanting to push a weaker yen.

Weekly COT report Analysis + Trade Ideas

I am not touching the Euro at the moment, too much short squeezing going on and many specs. Any thoughts on these: Sell the yen by buying USDJPY. Buy the CAD by selling USDCAD Sell the GBP by selling GBPUSD (GBP moved much further than expected to ...

Weekly COT report Analysis + Trade Ideas

Think we're going lower? UCHF quite oversold and isn;t the COT index heavily oversold?

Weekly COT report Analysis + Trade Ideas

What settings did you use for this BTW, because when I look on the timing site, the index is around 60:

Weekly COT report Analysis + Trade Ideas

ie price not getting higher than the black line I have drawn. The resistance area here is key for EG.

Weekly COT report Analysis + Trade Ideas

What do you reckon of the 0.845 resistance area cutting short that retrace up?

Weekly COT report Analysis + Trade Ideas

Maybe, maybe not. The typical options expiry stuff happens on the Wed, Thu, Friday and the euro surge was before that. Thu and Fri, the euro hardly moved.

Weekly COT report Analysis + Trade Ideas

Another interesting one is the $Swissie now into overbought territory on the Daily Chart and green line still below the red line, ie sell the CHF, buy the USD as this is the inverse of the currency pair USDCHF.

Weekly COT report Analysis + Trade Ideas

Also note that everytime we had a change in short positions (giving a little peak in the green line) it coincided with a temporary peak in the price action. I would say look for EURUSD shorts in the coming week. Look for resistance in the 1.25, ...

Weekly COT report Analysis + Trade Ideas

COT report came out showing a massive record change in the weekly net shorts showing lots of short covering durng the move up. This likely means Euro may have topped out of it's current bullish move and will start the decline again. Have to look ...

Weekly COT report Analysis + Trade Ideas

Kind if a strange indicator to publish though don;t you think...as in it's counterintuitive. If all FXCM's clients (the small traders) all start to follow the SSI then it will start giving contrarian signals to the signals it's currently giving.

Weekly COT report Analysis + Trade Ideas

Is the SSI data from FXCM's client only or the full lot? From what Iread it is only listing the small/retail trader hence why it is a contrarian indicator as the large traders look to exploit the small traders?

Weekly COT report Analysis + Trade Ideas

So,the Friday data shows a summary of the data as at Tuesday each week? Why don;t they just publish the entire week's data? Interestingly enough, surely we have the technology to release this information by the tick now don't we? ...and lastly, is ...

Weekly COT report Analysis + Trade Ideas