EURUSD - COT net positioning also reflect the price movement

 

This is how COT is valuable for traders to monitor the net positioning and anticipate the direction of the trend.

COT Net positioning reflect the price movement - EURJPY

 

 

 

COT Net positioning reflect the price movement for 6 months times. It clearly tells that where the big money is the price will follow.

GBPJPY July 2020 Trade History

Taking advantage for Reversal Trend for Sell trade position

Entry Comment: Taking advantage for reversal trend position.

• Stochastic H4/H1/15mins was in overbought level last June, 5, 2020
• Price cross 21/34 moving average last June 8, 2020.
  
• Price stay below 21/34 moving average.
  

Stop: Automatic 1% stop loss or when price back above the previous Hourly low.

Target: When H4 stochastic reach below oversold level and when price break the previous Hourly high.

Result: waiting when position close.

Comment: waiting when position close.

8.19% Gain EURCHF in 10 days period

Time to take profit for EURCHF trade position

Entry Comment:

• Stochastic D1/H4/H1/15mins multi time-frame was below 10 level or in oversold area.
• Market failed to break the April 16, 2020 lowest price.
• And did break the previous Hourly high.

Stop: Automatic 1% stop loss or when price back below the previously Hourly low.

Target: At least more the 5% profit or when stochastic indicator tells tat the price is now on the overbought area.

Result: 8.19% profit.

Comments: Taking 8.19% profit for this month is not a bad idea after all. Leaving the other trade position using the D1 stochastic indication, waiting until it reaches the overbought area.

CHFJPY Trade position [Long] - 7th May 2020

Trade Entry: Buy 0.05 Lot size of CHFJPY @ 109.178

Entry Comments:

• Market price was down for more than 4 consecutive weeks.
  
• Stochastic H4/H1/15mins multi timeframe is below 10 level under oversold area.
  
• Market price stays above 21/34 moving average.
  
• And price failed to continue to move down and move back above 2&34 moving average and the break the previous Hourly candle High.
  

Stop: Automatic 1% stop loss or when price move down and break the previous Hourly Low.

Target: When Stochastic H4/H1/15mins multi timeframe reach the overbought area or above 90 level.

Result: Profit 9.89% or 193 pips @ 111.106

Comments: I closed the trade because the target condition was already met and price move  had already reached the monthly average range.

Reminiscenes of A Stock Operator (notes)

Whatever happeneds in the stock market today has already happened before and will happen again.
- I record my hits and misses.
- Your business with the market is now not tomorrow.
-Act instantly or be left.

- The Market looked promissing, but suddently market is doing its hesitating. Instead of feeling confident, be on guard against what was coming.

- Don't Do Things Blindly. Stick with the trading plan. I always made money when I was sure I was right before I began.

- Play the market only when I was satisfied that precedent favored my play.

- Not all day is the best day to enter a trade.

- Think that when this trade is right it will cover couple of days salary or income. Do not think that you must take home money everyday.

- A Trader has to fight a lot of expensive enemies within Himself.

- Don't trade the market ignorantly.
- Limit losses when the trade is wrong.

All my life I have made mistakes, but in losing money I have gained experience and accumulated a lot of valuable don'ts. I have been flat broke several times, but my loss has never been a total loss. I always knew I would have another chance and that I would not make the same mistake a second time. I believe in myself.
A man must believe in Himself and is judgement if He expeal to make a living at this game. When a man is right He wants to get all that is coming to Him for being right.

One can see the whole better when one sees it from a little distance.

If market/Pair doesn't act right don't touch it; because, being unable to tell precisely what is wrong you cannot tell which way it is going. No diagnosis, No prognosis, No prognosis, No Profit.

When I lost it was because I was wrong and not because I was suffering from dissipation or excesses.

I couldn't afford anything that kept me from feeling physically and mentally fit.

As young man I never kept late hours, because I could not do business properly on insufficient sleep.

Let the profit run, coz you anticipate the move, Let it prove you are right, but don't let your guard down for unexpected.

Look for general conditions or trend long-term market.

I follow my own inclicnation.

Tips: Divide the lots to prove the right direction or right entry.