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Special Thread: COT Data Analysis & Trading Signals

  • #361
  • Aug 7, 2024 7:12am Aug 7, 2024 7:12am
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Potential Currency Pair to Trade | NY Session:

  1. AUDJPY
  2. AUDUSD
  3. GBPAUD
  4. GBPCHF
  5. GBPCAD
  6. GBPNZD

  • #362
  • Aug 7, 2024 7:29am Aug 7, 2024 7:29am
Quoting Merka
{quote} How the currency strength relates to the trading session London/NY etc...? Are calculations based on COT report?
1. How currency strength relates to trading sessions (London/NY etc.):
Currency strength can vary across different trading sessions due to:
- Market activity during local business hours
- Economic data releases specific to each region
- Overlap of sessions causing increased volatility
- Varying liquidity levels throughout the day
Read this: https://www.babypips.com/tools/forex-market-hours and this: https://marketmilk.babypips.com/
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2. Are calculations based on COT report:
- Calculation are based on Price Action on H4, D1 and W1 candles
  • #363
  • Aug 7, 2024 7:31am Aug 7, 2024 7:31am
Symbol: GBPNZD
TimeFrame: M15
Entry: SELL setup
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  • #364
  • Aug 7, 2024 9:03am Aug 7, 2024 9:03am
Quoting MwlRCT
{image} = Potential Currency Pair to Trade | NY Session: AUDJPY AUDUSD GBPAUD GBPCHF GBPCAD GBPNZD
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New Entries
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  • #365
  • Aug 7, 2024 9:19am Aug 7, 2024 9:19am
Quoting MwlRCT
{quote} = New Entries {image}
Tried to buy AJ but was not performing as expected and just closed with a small profit
  • #366
  • Aug 7, 2024 9:29am Aug 7, 2024 9:29am
Quoting Merka
{quote} Tried to buy AJ but was not performing as expected and just closed with a small profit
Symbol: AUDJPY | In profit 25+pips
Timeframe: M15
Entry: SELL
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Active Trades
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Manually closed ALL trades | Its enough for NY
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  • #367
  • Aug 7, 2024 9:48am Aug 7, 2024 9:48am
Quoting MwlRCT
{quote} Symbol: AUDJPY | In profit 25+pips Timeframe: M15 Entry: SELL {image} = Active Trades {image} = Manually closed ALL trades | Its enough for NY {image}
why you sold AJ?
JPY is very weak based on your strength meter
  • #368
  • Aug 7, 2024 10:52am Aug 7, 2024 10:52am
Quoting Merka
{quote} why you sold AJ? JPY is very weak based on your strength meter
Re_ Entry SELL AUDJPY
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  • #369
  • Aug 7, 2024 11:15am Aug 7, 2024 11:15am
Quoting Merka
{quote} why you sold AJ? JPY is very weak based on your strength meter
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Currency strength is Dynamic | This image taken Now.
  • #370
  • Aug 7, 2024 11:17pm Aug 7, 2024 11:17pm
Currency Strength will be posted 1Hr before London Open
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We have a good SELL setup on AUDUSD (M5), But lets wait London session for Entry Price.
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  • #371
  • Aug 7, 2024 11:59pm Aug 7, 2024 11:59pm
Quoting MwlRCT
{quote} Re_ Entry SELL AUDJPY {image}
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M15 = Chat update: Price moved in our direction
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  • #372
  • Aug 8, 2024 1:12am Aug 8, 2024 1:12am
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Potential Currency Pair | LONDON Session:

AUDCHF,AUDJPY,AUDUSD,

GBPJPY,GBPCAD,GBPUSD,

NZDCHF,NZDJPY,

USDCHF,USDJPY,

USDCAD
  • #373
  • Aug 8, 2024 2:34am Aug 8, 2024 2:34am
Symbol: AUDNZD
TimeFrame: M15
Entry: SELL @cmp
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  • #374
  • Aug 8, 2024 6:38am Aug 8, 2024 6:38am
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Potential Currency Pair
SELL:
AUDJPY, AUDCHF,
GBPJPY, GBPCAD, GBPCHF,
USDJPY
  • #375
  • Aug 8, 2024 9:47am Aug 8, 2024 9:47am
Quoting MwlRCT
Symbol: AUDNZD TimeFrame: M15 Entry: SELL @cmp {image}
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Closed with LOSS
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  • #376
  • Aug 8, 2024 4:16pm Aug 8, 2024 4:16pm
Quoting MwlRCT
{image} = Potential Currency Pair | LONDON Session: AUDCHF,AUDJPY,AUDUSD, GBPJPY,GBPCAD,GBPUSD, NZDCHF,NZDJPY, USDCHF,USDJPY, USDCAD
usually you couple strong/weak pair but I don't see GBPNZD in your currency pairs selection for London.
Is there a reason for that?
  • #377
  • Aug 8, 2024 9:16pm Aug 8, 2024 9:16pm
Update Soon
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  • #378
  • Aug 8, 2024 9:40pm Aug 8, 2024 9:40pm
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  • #379
  • Edited 1:25am Aug 9, 2024 1:08am | Edited 1:25am
Potential Currency Pair

AUDCHF, AUDJPY, AUDUSD,
CADCHF, CADJPY,
EURUSD,
GBPCHF, GBPJPY, GBPNZD, GBPUSD,
NZDCHF, NZDJPY,
USDCHF, USDJPY.

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  • #380
  • Aug 9, 2024 1:42am Aug 9, 2024 1:42am

Currency Strength Dynamics Analysis for GBPJPY


GBP Analysis

  1. Sum value: -81.73
  2. Overall strength assessment: Extremely Weak
  3. Consistency: Highly Consistent Weakness

JPY Analysis

  1. Sum value: 261.34
  2. Overall strength assessment: Extremely Strong
  3. Consistency: Highly Consistent Strength

Comparative Strength Analysis

  1. Strength difference between GBP and JPY: JPY is 343.07 points stronger than GBP (-81.73 - 261.34 = -343.07).
  2. Relative position in overall ranking: JPY ranks 1st strongest, while GBP ranks last (weakest).

Overall Bias Determination
Based on the Strength Data analysis:

  1. Base Currency (GBP): -81.73
  2. Quote Currency (JPY): 261.34
  3. Strength Difference: -343.07

The NET bias for GBPJPY is STRONGLY BEARISH. The very large negative difference indicates the base currency (GBP) is significantly weaker than the quote (JPY), putting downward pressure on the pair.

Note: This analysis is based on Strength Data and should be used in conjunction with other technical and fundamental analysis tools.

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