USD/JPY Short with a 500 pip possible profit.
Commercial traders (hedgers) are extremely long the JPY against the USD, they are at the same extreme they where in July 2017 against Non Commercials (Speculators) which are extremely short.
We always go with commercial traders smart money to get the odds on our side.
Long based on trendline 3rd touch
Additionally supported by COT data 80% Non-Comm Inst. Reportables Long USDJPY.
(too late but will edit with a better write up later)
On April 11, a fresh STEO report comes out, so you should wait for the updated forecast for the oil market from an official source. Conclusions on this report will be published in the blog www.cofutrading.com. But at the moment the situation is as follows: OPEC reduces production, and the US increases it. But along with the growth in production, which is...
On April 11, a fresh STEO report comes out, so you should wait for the updated forecast for the oil market from an official source. Conclusions on this report will be published in the blog www.cofutrading.com. But at the moment the situation is as follows: OPEC reduces production, and the US increases it. But along with the growth in production, which is...
Looking to trade coffee long with stops under previous cycle low for conservative risk. Target upper TL , allow for fluctuations of price with an accommodative stop management in order to achieve the desired target.
From the Price Action, there are more selling
pressure than buying pressure in this consolidation pattern.
From COT Report,
For JPY, there are more non-commercial positions
added to long side.
From both Price Action and COT Report, there is
confluence that NZD/JPY might go down further.
Here are 2 trading plans for you:
1. When the price break the support...
200-EMA is pointing downward and prices are below
200-EMA, it mean the long term trend is on the
bearish side.
20 & 50-EMA also trending downward.
Now there is descending triangle consolidation
pattern, trying to push the price down the
"Buyer's Stop Loss Position".
Once this level was broken, expected the price
will fall lower.
From price action, in...
Should see some drop price after failurse of correction into upside several times and after fundamental new this week 01126?]http://www.nasdaq.com/article/cocoa-pares-losses-coffee-drops-ahead-of-export-data-20160913-01126?
The recent test of the 51 area signaled the biggest net short position by producers in a very long time.
The sold in anticipation of higher prices but now the market topped and needs to correct before we see a big push to the $60 that Saudi Arabia wish to reach soon.
I will be placing a limit at the 48 area and sell to $40 - $35 range, That is the area where...
Hello traders ! This week i will remain super active. Here is the commitment of Traders report based on CME. must take a look while taking any trade. Thanks
Clean bullish sentiment on Australian dollar for me (from $0.7153) and still positive . But last week we touched $0.77355 with rissing Open Interests, so probably we will see some profit-taking before breaking through (IF BREAK THROUGH). So no suprise it the price will fall little and make sme correction.
USDCLP has traced a nice downtrend, and now with commercial hedgers net long copper I expect excellent continuation into the lows.
Target is on chart, the time at mode signal specifies a slightly higher target, but there's potential to reach the red arrow below.
Shout out to my mate Tom Killick, he's frequently trading this pair. Check out his posts, definitely a...
CHFJPY is offering a terrific reward/risk opportunity in the daily chart.
As you can see I have marked a level of net short positioning for oil futures traders, as well as added the oil line chart as an overlay to the comittment of traders report data indicator so you can see what happened the last time commercial hedgers' net short positions reached these...
