COT Data CHF- Commercials have relieved their long positions giving rise to more producers (shorts) to move around. We had some commercials close their positions, but there were no more entered afterward. The shorts are still providing fuel to the Non-Commercials to drive prices higher and the Non-Commercials are happily taking the supply. There were 1280 new...
I am still posting Part 2 of my COT Analysis. However, we have a bearish Deep Gartley that I charted what seems like months ago! the 886 lines up with the 88 swing point and the lower and the lower part of the PRZ. PA has tested the whole PRZ the HSI and AMP RSI are both at extremes. the HSI has conducted it checkback and now im waiting for the floor to open...
Okay, here is the DXY or the Dollar Index. Part 1... This post is going to be quite long as it is going to serve as the post that introduces something im gonna try and update weekly. the COT Report. Now, i had no idea what the COT report was until i watched and looked at a very popular, here on TrdingView, trader's charts and saw his very useful indicator! I did...
Good Afternoon, It has been a while, but i have been researching on the COT Reoprt and I will say I learned alot. With all that being said lets get right down to business... We have two patterns presenting not including what the pattern software has picked up. We have a Bearish Bat and a Bearish Deep 222 pattern. i will be looking at both patterns for completion...
So, Here on the Euro/ Yen (EUR/ JPY) we have a Bat Pattern that PA has tested and bounced right out of it. Its quite a big pattern so it carrys some good weight. i have included the 1.27 abcd over extension which is toward the top of the PRZ and the 1618 and the ABCD pattern completed at the same spot. And the 886 is somewhere in the middle! so now on to the...
Okay this pattern has already been posted but in this one i will be adding the COT information. The original view is here... ok so i have been researching the COT and have come to the conclusion that that the Non-Commercial players are hedge funds, pention funds, and other funds that trade the market to make a profit, and the Commercial Side of business ar ethe...
On the GBP/ CHF (Pound/ Swiss Franc) we have a bullish Butterfly. Three of the 5 major points are major swing points either 27 or 88 candle swings. This pattern might not be valid as i am not supposted to chart it until PA starts trading past the B-Point. what we want to see is the GBP weaken at first so PA will get into the PRZ the stregthen to bounce out.... but...
Here on the Euro/ Aussie (EUR/ AUD) we have a gartley pattern that was picked up by the software. EUR/ AUD is not one of my closely followed pairs but i do trade it from time to time! Now previously on the COT Report I just posted the Aussie COT and ill post it here too... but what we have is a bullish Gartley pattern. The original PRZ was very narrow so i also...
Okay, here is the Aussie/ Dollar (AUD/ USD). im trying something differnt nothing too out of the ordinary, but i have been researching the COT Report and I am able to "Swing" a few positions off the Hourly Analysis. So, here off the same structure we have three patterns. 1 the smallest one is a regular gartley now we do have the potential for a deep gartley with...
Here we have a crab pattern. i am only looking to take 20-30 pips off this pattern if i get a wick through the HOP level and above the red line! i waiting on my entry and hope i can make a few today. going to see if i can sell the peak to buy the dip.
On the Pound/ Dollar (GBP/ USD) we have a bat pattern finishing up in the PRZ of the previous crab patterns. will this pattern complete today? I highly doubt it it might be a good monday morning type of trade. as you can see with the Crab patterns price exceeded the PRZ came down to test the HOP and bounced up. this is a common occurance with crab patterns, but...
On the Pound Aussie (GBP/ AUD) is an ABCD pattern i have been following for almost a month now. PA has followed the pattern exactly. Later today or tomorrow we might have the ability to trade this pattern for a few hundred pips. this will surely be a long swing trade so, if your broker is going to eat you alive with swap fees might want to consider sitting out....
Here on the Pound Cad (GBP/ CAD) we have a Bat pattern fomring. the 1618 over extension of the ABCD pattern lines up perfectly with the 886 XA retracement . The 2.0 CD point is just a few pips below the 886. expect PA to rush into the PRZ to complete the pattern as this is the BAMM effect!. Happy trading!
Here on the Euro/ Yen (EUR/ JPY) we have a gorgeous bat pattern. i wasnt going to post this pattern today as i was expecting to complete tomorrow, but here it is! the RSI BAMM effect brought PA into the PRZ in Two Candles so be careful. look for the reversal pattern before entering!
On the S&P 500 im getting ready to sell it because we have a bat pattern that formed! the pat pattern "B" point is at the Maximum 5% tollerance outlined in Scott Carney's 3rd Harmonic Trading Volume. the 401k index has been struggling since SARS2 taken the world by storm. i dont expect it to get any better since the Q2 earnings report is going to reflect the...
On the Dollar/ Yen (USD/ JPY) we have a dirty gartley Pattern. it is dirty becasue PA completes at the 618 exactly and the wick completes at the 707 >:( Now, what i like about this pattern is that it provides us with the perfect oppritunity to catch the T2 of the Crab patern me and the Software drew in tandum. I would expect PA to struggle its way to the 1.0 of...
So, I have always wondered why the Dollar Swiss Franc never really made any significant moves and I was reading about commoditiy currencies and ran across these things called reserve curriencies. turns out the USD CHF is a reserve currency. So, as a foreign exchange trader growth and knowledge is as important as Any other profession. with all that being said here...
Here on the Euro/ Dollar (EUR/ USD) we have a very nice Deep Gartley Pattern that is shaping up quite nicely. Now, I try to stick to Scott Carney's teaching to the best of my ability. In Scott Carney's 3rd Harmonic Trading book he describes the Deep Gartley that was not previously discussed in prior books and hardly discussed in his current webinars or videos....