Forex Weekly Report 02-02-2020

Hello, friends! These first weeks of 2020 are not being easy, the geopolitical risk is numbing all kinds of analysis and data. We started the year trading on top of emotions. I am decreasing my lot size and waiting for this irrational move ends, after this, I believe a huge opportunity of selling risk will appear to us. Let’s stop the cheap talking and move to whats matter!



This week I made a different approach to my signals adding an extra layer of testing. Now all signals will be tested again using zorro. The conditions for this test are stop-loss on lower low/higher high of the last five weeks and entering on Monday opening. The signal we got this week for Silver is based on stochastics on top of non-commercial net positions and COT Index on top of Commercials net positions.

Backtests results

Silver backtest

Cot charts

Forex Cot Charts



This is one trade that I am trying for some weeks and even I get stopped, this worth keep trying. Good price levels, positioning is at neutral levels and positive carry (receive positive swaps to hold the positions). In previous weeks we got very strong bullish signals, but USDCHF is a currency highly correlated to the risk and, as you must know, we are living a troubled start of the year.

This week we have another bullish signal

Backtests results

trading plan

Two great opportunities for this week. Remember to trade the supply zones. Move your trade to a lower timeframe like 4 hours and add more positions in breakouts, moving stop-loss to the last swing.

That’s it my friends! I hope you can make money from this and I wish you a great weekend for you all!

The Supply/Demand indicator used in the charts is available in my store for cTrader.

That’s it my friends! I hope you all can make some money out of this info and if you have doubts or want to hear about or currency/commodity leave a reply!

Best regards

Leo Hermoso



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