Commitment of Traders as of 11 August 2020

 

 Commitment of Traders as of 11 August 2020

As of 11Aug20	Long	Short
CAD	54.15%	45.85%
CHF	54.99%	45.01%
GBP	51.53%	48.47%
JPY	53.36%	46.64%
EUR	59.22%	40.78%
NZD	52.87%	47.13%
AUD	52.78%	47.22%
USD	47.96%	52.04%
XAG	60.94%	39.06%
XAU	60.96%	39.04%

*USD is the weakest currency among the rest of the currency based on August 05-11, 2020, and reported on the 14th of August 2020, Friday.

The Commodity Futures Trading Commission is the one who gathers all information and regulates the trading for both currencies and commodities in the U.S. They usually release data every Friday which includes the latest data from previous Tuesdays. The Commodity Exchange Act regulates the trading of commodity futures in the United States. Passed in 1936, it has been amended several times since then. The CEA establishes the statutory framework under which the CFTC operates. Under this Act, the CFTC has the authority to establish regulations that are published in title 17 of the Code of Federal Regulations.

Commitment of Traders gives us also a blueprint where will market may lead. So what I did is, I usually download data every Saturday due to time difference between U.S. time and Philippine time, and add the long and short positions of non-commercial, commercial, and nonreportable positions. Then I convert those into percentages.
 
We'll see this week trading how many pips increase on your favorite Forex pairs from August 17-21, 2020. Happy trading! 

 

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

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Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.

 

Rate of Change

One of the methods to forecast trends is through rate of change, angle, and period. This will help us forecast trends that will be able to help us plot our trade on our advantage.

Like for instance AUD/USD range from 0.6250 to 0.7518

 

 

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

Telegram: Subscribe if you want to receive weekly trading signal.

Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.

 

Risk Management

Most of our regrets in trading when we over trade to protect our position, and when the market reverse against our trade we execute another trade to protect our position, without knowing that we already over trade. Most of our trades we fail to put Stop Loss (SL), that when we have the wrong forecast our whole portfolio is at risk. Here are the basic steps of managing your risk:

First, you must have a plan and strategy or choose your own battle in order to win. If you try all types of strategies you may miss other strategies, for are not expert for all the strategies. Focus is the name of the trade. We have our own weakness, and our own weakness is that we cannot win all battles, so the best thing to do is to choose your own strategies to fight your own battle that is according to your strength. You can adopt at least one of the many strategies mentioned from your brokers, or from my previous blog.

Second you must compute your percentage of exposure or risk. The ideal risk is somewhere around 1-2% of your total portfolio. The more you expose more than an ideal percentage of exposure the more riskier are your trade, except you have a thorough knowledge in trading, and you are confident to expose yourself to a much more riskier trade.

Third, you should compute the total amount of exposed value using this formula. Number of Pips x Trade Size x Exchange Rate. Since we are using Dollar currency. We just multiply it to 1 which is equivalent to $1. Example 1000pips x .01 x $1.00 = $10.00

Fourth compute your Target Profit (TP) minus Stop Loss (SL) = Net Profit Trade $xx.xx

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

Telegram: Subscribe if you want to receive weekly trading signal.

Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.

 

Commitment of Traders as of 04 August 2020

Commitment of Traders as of 04 August 2020

As of 04Aug20	Long	Short
CAD	53.26%	46.74%
CHF	55.34%	44.66%
GBP	50.87%	49.13%
JPY	56.47%	43.53%
EUR	59.78%	40.22%
NZD	53.94%	46.06%
AUD	53.28%	46.72%
USD*	45.09%	54.91%
XAG	60.56%	39.44%
XAU	58.75%	41.25%

 *USD is the weakest currency among the rest of the currency based on July 29-Aug 4, 2020, and reported on the 7th of August 2020, Friday.

The Commodity Futures Trading Commission is the one who gathers all information and regulates the trading for both currencies and commodities in the U.S. They usually release data every Friday which includes the latest data from previous Tuesdays. The Commodity Exchange Act regulates the trading of commodity futures in the United States. Passed in 1936, it has been amended several times since then. The CEA establishes the statutory framework under which the CFTC operates. Under this Act, the CFTC has the authority to establish regulations that are published in title 17 of the Code of Federal Regulations.

Commitment of Traders gives us also a blueprint where will market may lead. So what I did is, I usually download data every Saturday due to time difference between U.S. time and Philippine time, and add the long and short positions of non-commercial, commercial, and nonreportable positions. Then I convert those into percentages.
 
We'll see this week trading how many pips increase on your favorite Forex pairs from August 10-14, 2020. Happy trading! 

 

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

Telegram: Subscribe if you want to receive weekly trading signal.

Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.

AUD/USD Evaluation of Forecast for the Month of August 2020

July 2020 Actual Performance. After hitting breakout last July 21, 2020 last month 12:00 midnight from price of 0.70599 to 0.72405 it grew up to equivalent of 1750 pips.

August 2020 Forecast. From 1750 pips it will continually rise from 0.72405 to 0.73000 then it shall bounce back downward to 0.69000 price. This is just a forecast based on technical analysis and should not take it seriously, unless you do your due diligence of technical, fundamental analysis, and psychological trading.

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

Telegram: Subscribe if you want to receive weekly trading signal.

Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.

Commitment of Traders as of 28 July 2020

Commitment of Traders in Percentage

Item	Date	Long	Short	Long	Short
CAD*	2020.07.28	52.93%	47.07%	713
CHF	2020.07.28	54.61%	45.39%
GBP	2020.07.28	48.80%	51.20%
JPY	2020.07.28	55.39%	44.61%
EUR	2020.07.28	59.82%	40.18%
NZD	2020.07.28	53.01%	46.99%
AUD	2020.07.28	52.14%	47.86%	1128
USD	2020.07.28	45.61%	54.39%
XAG	2020.07.28	60.52%	39.48%
XAU	2020.07.28	60.71%	39.29%	781
CAD**	2020.07.21	52.67%	47.33%	178	1262
CHF	2020.07.21	54.09%	45.91%
GBP	2020.07.21	47.81%	52.19%
JPY	2020.07.21	53.68%	46.32%
EUR	2020.07.21	58.98%	41.02%
NZD	2020.07.21	51.86%	48.14%
AUD	2020.07.21	50.25%	49.75%	1442
USD	2020.07.21	46.17%	53.83%
XAG	2020.07.21	57.35%	42.65%
XAU	2020.07.21	58.80%	41.20%	9811

Note:

* As of 05 August 2020 23:33

** As of 31 July 2020

The Commodity Futures Trading Commission is the one who gathers all information and regulates the trading for both currencies and commodities in the U.S. They usually release data every Friday which includes the latest data from previous Tuesdays. The Commodity Exchange Act regulates the trading of commodity futures in the United States. Passed in 1936, it has been amended several times since then. The CEA establishes the statutory framework under which the CFTC operates. Under this Act, the CFTC has the authority to establish regulations that are published in title 17 of the Code of Federal Regulations.

Commitment of Traders gives us also a blueprint where will market may lead. So what I did is, I usually download data every Saturday due to time difference between U.S. time and Philippine time, and add the long and short positions of non-commercial, commercial, and nonreportable positions. Then I convert those into percentages.

The percentages based on the number of orders of traders commercial and non-commercial. The whole numbers right after the long and short columns are the number of pips actual long and short as of 05 August 2020 23:33. This report serves as a guideline in your trading where the market is going for the week and should not take it seriously but also do your due diligence of technicals, fundamentals, and psychological trading. I'm only monitoring CAD, AUD and XAU in COT Report in pips, the reason why you see only with pips.

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

Telegram: Subscribe if you want to receive weekly trading signal.

Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.

What Are Your Fears in Trading?

What are your fears in trading? In my case I list down all my fears and also I list down solutions on how can I counter my fears or to list down solutions. Here are the following below:

Fears

* When you buy on support then suddenly breakdown.
* When you sell on resistance then suddenly breakup.
* When you buy at consolidation or pivot point then suddenly goes down.
* When you sell at consolidation or pivot point then suddenly goes up.
* When you buy at breakout but revert back or false breakout.
* When you sell at breakdown but revert back or false breakdown.

Solutions

To overcome fear on consolidation

• Execute buy and sell on consolidation or at pivot point.

To overcome fear on breakout.

• Execute sure sell position after breakout has been exhausted.

To overcome fear on breakdown.

• Execute sure buy position after breakdown has been exhausted.

To overcome fear of false breakout.

• Execute sell position add TP and SL where it is safe to release or exit trade to your next position.

To overcome fear of false breakdown.

• Execute buy position add TP and SL where it is safe to release or exit trade to your next position.

Trading is not a gambling for as long as you have a set of strategies. system, and disciplines that you need follow every time you trade

Strategy

• Buy with 1.35% allowance on Jpy extensions
• Sell with 0381% allowance on Usd extensions
• On breakout execute buy and sell. 
• On sideways trend execute buy and sell on pivot. 
• On breakdown execute buy and sell. 
• Look on monthly time frame for trend reference. 
• Look for indicator Macd, Rsi, Atr, Stoch for entering trade. 
• Look for candle formation for entering trade V or inverted V, bullish or bearish engulfing, hammer or falling star
• Look for trend line pattern Inverted triangle, Triangle or wedges. 
• Use rectangle tool and fibonacci retracements. 
• Always plot forecast for a month trend. 
• Use separate trading account for buy and sell
• Execute minimum of 1 and maximum of 3 trades per account no more than that. 
• Release trade not more than 2% of your equity. 
• If trade is not yet close, do not execute trade. 
• To avoid premature positions trade only 10pm PHT Time and Thursdays to get sure signal for the week. 
• Patience is a virtue. 
• Enjoy trading.

Disclaimer: Trading currency and commodity futures are risky. Trade at your own risk.

Telegram: Subscribe if you want to receive weekly trading signal.

Coaching: Personal trade coaching is available with an actual price of Php80,000.00 which now value for only Php999.00 for coaching session.