The Dow Jones is still in a downtrend even though we had the recent bullish pullback an this is evidenced by the formation of hidden divergence. The formation of hidden divergence usually means a continuation of the established trend will continue. The red lines on the price action and on the MACD, give you the setup. My target would be 31,000 and then 28,750 The...
Day Downtrend ,3rd touch Bounced with a Counter Trend Line Break. Refine your entry. Invalid with Day close Above marked area. See Fib for golden zone confluence. I would love to hear anyones view regarding COT Bias atm. Please weigh in here ,as in looking into the Commitment of traders View and am yet to confirm the Bias. Good Luck Ash
This chart shows in the shaded area the time periods in which the Dealer/Intermediary group of the TFF (Traders in Financial Futures) report have been net long. What is significant is that most of the time this group remains net short and when it switches to net long it has been followed by long periods of upside in the SPX. The exception was in 2007 when prior...
COT Data is pointing to Crude Oil ( NYMEX:CL1! or AMEX:USO ) being primed to pop after it's seasonal downturn This is a great example where money management is key as well as not blindly using the COT data as the sole reason for entry. Personally, I have a proprietary daily chart indicator I use to enter trades where COT data is giving signals. Crude Oil has...
COT data is signaling a great buy opportunity in CME_MINI:ES1! despite all the talks of this "bear rally" peaking and a coming recession The COT data has had us in this trade for the last couple months - just 1 SPY Call profited over $2,000. Personally, I took profits last week in accordance to my trading system. However, with the COT data still pointing...
We can see AUDCAD breakout and retest after a few days of uptrend in rising wedge area. Technically price tend to be bearish. COT Analysis AUSTRALIAN DOLLAR FUTURES ONLY POSITIONS AS OF 07/26/22 (CONTRACTS OF AUD 100,000) Long : 30,024 ; Short : 77,409 Macro trend tends to be bearish. CHANGES FROM 07/19/22 (CHANGE IN OPEN INTEREST) Long : -554 ; Short :...
COT for CAD is still hinting upcoming bearish strength while JPY is showing bullish potential. The pair formed a double top pattern around the 107 level showing nice movements of rejections. I expect the pair to grab more liquidity around the 0.38 fib retracement from the last high before dumping,
COT Report hints upcoming bearish strength for the EUR and bullish strength for the JPY based on the latest updated during the last week. EURJPY seems to be currently ending its bullish run on the 1H TF having two big rejections at 140.70-140.80. I expect the pair to grab some liquidity before dumping.
This is a great example of how to trade the COT Index and Net positioning - Commercials for crude oil are almost always net short (Think of all the big oil companies hedging their product) but in this instance, they are less net-long than they have been in quite some time (Not since November 2016). Look on the daily chart for an entry - be patient - remember your...
CBOT:ZW1! A bit of a unique chart setup here - typically I trade based solely on the max positioning of the commercials (See below for an explanation of what that means). However, I will occasionally look for a buy when the Net positioning of commercials has accelerated recently (Indicated by black bars in the COT indicator at bottom of the chart). For this...
Looking at the net positions of the Commercials (Red Line), the Russell 2000 is at record high levels. Additionally, the small speculators (Blue Line - tough to see but it's blown up on lower indicator)) are very short compared to historical levels. The COT index on the bottom shows dark green when both commercials are maxed net long and small speculators are...
Great time to buy /ES or SPY as commercials are net long at extreme levels
I believe that the expected increase in rates from the BoC tomorrow has already been priced into the pair, I opened a sell limit around the 0.618 fib retracement considering the volatility that might happen tomorrow. COT shows bearish strength increasing for CAD while CHF remains on the bullish side.
- Educational purposes only! - Trade at your own risk! - Main language - Russian
Looking at the recent COT report it becomes clear that over the past weeks Yen net shorts have been cut by more than half and are now at a high level that have acted as roof the past 12 months. Yen longs have been added at a higher rate while GBPJPY did it's climb towards the 168.5x level. This time the reduced Yen shorts have been done at critical level. GBPJPY...
The Euro Area GDP expanded by 0.6% on quarter in Q1 2022, twice a 0.3% growth in the previous estimate, and above a downwardly revised 0.2% gain in Q4. Improved export activities. Exports increased 0.4% while imports fell 0.6%. Concerns around the war in Ukraine resulting in inflationary pressures on food prices and supply disruptions The ECB is set to end 8...
The Non-commercial are 3 to 1 long to short as of the last COT. Recently the dollar has sold off I see this as profit taking. Now I see a pullback setup on the D1 that has hit the 50% Fibo. I 'm taking the trade on the 4h. SL @ 100.75 TP1 @ 103.65 TP2 @ 104.86
There is a B.O.S arrow there. Break Of Supply. We had a LL, market was selling. But the Buy pressure broke the last Supply before the LL. The new HH has respected Daily supply yes, but left strong demand areas. If we are going to be in a new buy trend, where demand is respected and supply is broken, we just need to respect the demand and go higher. If not The new...