My trading is based on COT readings along with Supply & Demand.
In this idea you can see a clear Weekly Demand area in support with great COT readings where the Users & Producers are clearly bullish and Retailers bearish. Of course, you want to trade AGAINST retailers at all costs because they are mostly wrong.
https://imgur.com/a/AmsP96p
(Red = U&Ps | Blue = Retailers | Green = Fund managers / trend followers)
So, in addition to all that, I use Elliott Waves to confirm trends or end of trends, and now we're in the beginning of a major Wave 3 (creating wave 1 & 2, we're here).
Hope you like this idea and trade safe!
In this idea you can see a clear Weekly Demand area in support with great COT readings where the Users & Producers are clearly bullish and Retailers bearish. Of course, you want to trade AGAINST retailers at all costs because they are mostly wrong.
https://imgur.com/a/AmsP96p
(Red = U&Ps | Blue = Retailers | Green = Fund managers / trend followers)
So, in addition to all that, I use Elliott Waves to confirm trends or end of trends, and now we're in the beginning of a major Wave 3 (creating wave 1 & 2, we're here).
Hope you like this idea and trade safe!
Trade closed: stop reached
Welp.This is unusual market behaviour what we've seen during this weekend and Monday opening.
Don't take it personal if you have SET this trade as I did, markets are completely uncertain and losses are part of this uncertainty as well as winners.
FUNDAMENTALLY NOTHING HAS CHANGED.
This means we should be again looking for Longs on AUD, however we need further confirmations to get into another trade, that's it.
On to the next trade!
Trade safe,
Albert
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.