Anyone Long EU?
- | Joined Jun 2010 | Status: Member | 449 Posts
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Disliked{quote} Yes, SentiFx, I am more interested in the UC trade as the sentiment was massively stacked for the sell side (94% Retail Positioned Long)..What made you go with the sheep on this one? I do understand the EU trade as the Sentiment and Market structure were aligned (easy one this one) ThanksIgnored
Disliked{quote} Funny you say that, see my screenshots below. One trader was saying how UC didn't change rates - and there was a Spike UP in price and that the expectation was for US to cut rates. Assuming all information is priced into the markets (efficient market hypothesis) then this spike was unwarranted. The US cutting rates should be BEARISH for USD, and since CAD rates weren't cut, price should have gone DOWN. But it didn't, so I viewed it as a temporary mispricing of information. Add that to my overall view that USDCAD is going to be on a multi...Ignored
DislikedUC position is still up 24 PIPS, I would really like for price to move up into my other 2 sell orders. Who wants price to move against them? In this case I do as I still believe any higher prices are good entries short for a longer term trade. My personal struggle is holding on for weeks. Always has been. But if I can find my inner holding power, this could be a very profitable trade.Ignored
Disliked{quote} @SentiFX, Thanks for that..I have been following the way you look at the markets since the day you opened this thread and I must say that my trading has changed for the better ever since that day....Thanks to you Sir... One question I have though...How do you handle trades when you have a Market structure break and have a sentiment analysis that is not coinciding with that structure break (e.g AU breaks structure to the upside and the sentiment is still 80% retail positioned Long)..Do you weigh your decision more on the structure break and...Ignored
Disliked{quote} UC is looking really appealing especially for the downside..Yes you might have to hold and forget about this one as I see that on D1 there is a Market Structure break to the downside and Retail is heavily long at the same time..High probability trade indeed...Ignored
Disliked{quote} That's good to hear that you're looking at the markets in new light Gceezee and that I was able to help with that. Thank you. As far as how to handle MS breaks and Sentiment misalignment - there are a few ways to approach it. Usually one lead the other and it can be just by a little or by a lot. If there is a HUGE Sentiment shift (y axis cross, x axis cross, move into strong zones) but MS is not responding, you can wait for MS to respond for first and then put on more risk - or you could put on less risk and go with the trade anyway in the...Ignored
Disliked{quote} Yes if you look back at threads or watch the Youtube videos, you'll see that we were interested in this short a few weeks ago and called out key (top) area before it was known to be a recent top. At the time, sentiment DID NOT align, but structurally it was a great place to enter based on the weekly chart (where previous trapped traders were). Expecting the market cycle to play out on this one fully which I'm projecting to be 2022 or 2023 - thousands of pips south. Again with UC, I really don't care what sentiment says as I will enter short...Ignored
DislikedGood Day Traders - Hope you all have been able to take the profitable signals that I have been sharing week after week. Just wanted to give you an update as to where we are with SentiFX and where we are headed. Today I released a SentiFX Beginner course to get new members up to speed quickly on Sentiment Trading and Market Structure Trading. We combine both types of trading to extract profit from the market week after week. EURUSD was a great example how Sentiment was a LEADING INDICATOR before Market Structure change and to date has been over a...Ignored
Disliked{quote} I see it as well that the highest probabilities are on the downside on this one..I am just waiting for my strike zones to trigger, so as to go short on this one..I also cannot hold for too long to save my life lol..I will be targeting the low hanging fruit myself on this one and rinse and repeat until we get to the destination should all goes well... Thanks man...Your thread has helped me a lot in my trading...Ignored
Disliked{quote} Gceezee, the struggle is real for long hold times. But not only do we get paid to wait, we also save broker fees and spread by trading less frequently. And better yet, if we trade the very high probability trades (Sentiment and MS alignment) - our accounts grow much faster. I really would classify myself as more of a single leg swing trader - trading level to level and depending on the situation will leave a piece on the table to squeeze more out of the trade. Really glad that the thread has helped you with your trading! This business is...Ignored
Disliked{quote} SentiFX, Thank you very much for sharing...Indeed, Sentiment and MS alignment has true power and I have witnessed it myself man...I will keep a keen eye on that UC as well... By the way I always look forward to your E.O.W analysis and forecast for the upcoming week on Youtube..Keep it up man and keep shining...Ignored