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MT4: how to change "EURUSD" to "#EURUSD"? 3 replies

Re: EurUsd short term 15 replies

did oanda just drop its spread for eurusd to 1 pip? 11 replies

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NFP nice bump up on EURUSD 2 replies

Attachments: EURUSD
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EURUSD

Quoting PatienceFx
{quote} It will hit 1.25 in October don't worry I am targeting 1.30
I have my eye @1.32 US election. If Biden wins, i go for 1,37 by December. If Trump wins, i will go short till 1.25.
You will be what you will to be
Quoting VuLe
I am focus on Tesla this week. I plan to short Tesla. So if tesla drops.. you know Ill be on this island... but if it spikes. You may find me on the street... and all I ask for is some food or some pips. {image} {image}
Do you use leverage shorting it?
You will be what you will to be
[quote=tradecode;13151249]{quote} When I ask someone a question about something regarding numbers, it is not my intent to engage them in a battle, but instead it is my intent to engage them in a conversation about the numbers.

Hi tradecode, I hope you're doing great.

I can see myself doing similar thing a time ago. I used to start conversations, even about things I didn't understood deeply, just because I liked to debate and show to me and others how bright was my ability to argue; guess what? It mostly used to end in "battles" where I was blindly trying to defend or proof myself rather than my point of view or my idea.


Don't get me wrong. I'm not trying to judge you; but the point here is that mr. Techanalyst have a trading style that as he said suits to him and it's been working, so no one is better to judge it than him. Even if he is wrong once or twice, as always we and any system we use can be, in the end of the day he is the one who have to deal with and set it up.


Peace & Love!
Peace & Love!
Quoting MrBullBear
{quote} Do you use leverage shorting it?
I use cash straight up...
Trade what you see, take what the market gives you.
Quoting vule
but if it spikes. You may find me on the street...
i hope that you are not serious..
Quoting Techanalyst
{quote} My analysis is bear traps, they will push EUR up again soon. But we will see. Now -11,194 non-commercial traders took off their long positions. That is why there was that move down on a 4hr you can see it. But majority are still in buy positions which is 250,867 and short are 54,120. So according to my analysis EURUSD is still bullish. {image} {image} {image} {image} {image} {image} {image}
Have been long looking for a strategy to trade longer term, I am really appreciated your sharing on the COT strategy.
As per your recommended video by Magic Trader FX, I have worked out the Excel sheet share by them. Interestingly we can see Non-Commercial Long position increase from 150k (37%) on March 2020 to 250K (82%) Sep 2020, and the EURUSD Weekly chart is up since 22-Mar-2020 up to to date, with some correction along the path.

However, based on the table attach, I noticed that most of the time the Commercial new position is opposite with Non-Commercial. I am puzzle why is that the Non-Commercial new position doesn't affect the price movement? Shall it be like "balance off" with Commercial position?

Hope you can share your opinion.

Thank you.
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Quoting Techanalyst
{quote} My analysis is bear traps, they will push EUR up again soon. But we will see. Now -11,194 non-commercial traders took off their long positions. That is why there was that move down on a 4hr you can see it. But majority are still in buy positions which is 250,867 and short are 54,120. So according to my analysis EURUSD is still bullish. {image} {image} {image} {image} {image} {image} {image}
10000% agreee.. same boat .. patience and watch closely for any pullback.. short high if criteria met.
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Quoting eRBe
{quote} ... I had it targeted to hit the 1,25 - 1,27 levels in October. I need professional advice, to learn from experienced people like you. How do you know about the downward trend to 1,15? Where can I read the indicator which ones are correct?
I am sorry, eRBe, but who am I? I am not good enough to teach someone. I am too far from a proffesional traders.
How I know about 1,15? I don't know. Just looking at chart and trying to predict. With a little help with Stochastic and BB.
But if you want advice, my advice is that: you have to spend a thousands of hours in front of chart watching, trying a different strategy and blowing a few accounts. And then, in a few years, if you are permanent and don't give up, you will become profitable. I think there is no shortcut ... unfotunatelly.
"I feel strong because I am bul..."
Quoting bigiivan
{quote} I am sorry, eRBe, but who am I? I am not good enough to teach someone. I am too far from a proffesional traders. How I know about 1,15? I don't know. Just looking at chart and trying to predict. With a little help with Stochastic and BB. But if you want advice, my advice is that: you have to spend a thousands of hours in front of chart watching, trying a different strategy and blowing a few accounts. And then, in a few years, if you are permanent and don't give up, you will become profitable. I think there is no shortcut ... unfotunatelly....
I know that in whole life don't exist shorter way to wealth, to love, to lucky, .... Every piece of advice is a big step and help for me. My start was from € 800 and after a good year I losing around € 65,000 in 8 minutes. Emotions, lost concentration, same situation like in this friday. Big experience, great trade lessons!!! Now, after 6 years I have a small profit every month ... I am "trader" ☺ Step by step, day by day minimum + € 150. I have for a month my € 3500 and on end of month I send my profit to bank. But I'm still looking for new knowledge, new experience, new view. Where to look and how to read information, source.
Quoting eRBe
{quote} I know that in whole life don't exist shorter way to wealth, to love, to lucky, .... Every piece of advice is a big step and help for me. My start was from € 800 and after a good year I losing around € 65,000 in 8 minutes. Emotions, lost concentration, same situation like in this friday. Big experience, great trade lessons!!! Now, after 6 years I have a small profit every month ... I am "trader" ☺ Step by step, day by day minimum + € 150. I have for a month my € 3500 and on end of month I send my profit to bank. But I'm still looking...
See? Now I think I have to learn from you.
May say that you have walked a half of way. Your hard part is in past.
"I feel strong because I am bul..."
Quoting Winner76
{quote} Have been long looking for a strategy to trade longer term, I am really appreciated your sharing on the COT strategy. As per your recommended video by Magic Trader FX, I have worked out the Excel sheet share by them. Interestingly we can see Non-Commercial Long position increase from 150k (37%) on March 2020 to 250K (82%) Sep 2020, and the EURUSD Weekly chart is up since 22-Mar-2020 up to to date, with some correction along the path. However, based on the table attach, I noticed that most of the time the Commercial new position is opposite...
I've been looking at the COT numbers for years. Even my own trading journal was based on that initially. It has its usefulness but it is far from being the holy grail. Over the years, I've realized simple TA is more rewarding. You can take a look at the EU, AU, and GU charts and draw you own conclusion.
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Quoting MrBullBear
{quote} I have my eye @1.32 US election. If Biden wins, i go for 1,37 by December. If Trump wins, i will go short till 1.25.
Biden is supported by China
Indicators on my chart help me guess the trade they do not guarantee result
EU, what level will we see next? 1.16 or 1.21?
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Quoting OnlineAddict
1900->1550
Still valid. Don't listen to the 1.25, 1.30 or more non-sense, those are the same people who were buying 1.25 few years ago and selling 1.08 earlier this year.
Everyone can see the chart, but only a few can actually read it.
Quoting pgidia
I see EU at 1.15 in near future My long term Trade will be keep adding sell with rise of every 200 pips Let it run in my swap free account till target is achieved Will continue with day to day trading of scalping as usual
Anyone can guide me if this strategy by me is wrong ??
Is it gamble or good investment ?
Positive and Negative feedback is welcome
PaRaM
Quoting pgidia
{quote} Anyone can guide me if this strategy by me is wrong ?? Is it gamble or good investment ? Positive and Negative feedback is welcome
die another day, live for the moment ; who has seen tomorrow
feel free to invite me to your forum, if you have any
Quoting vule
I am focus on Tesla this week. I plan to short Tesla. So if tesla drops.. you know Ill be on this island...

but if it spikes. You may find me on the street... and all I ask for is some food or some pips.

The magnitude of losses short-sellers have endured is “just absurd,” he says, compared to bets against other companies, with Tesla “by far the longest unprofitable short I’ve ever seen.”

https://www.institutionalinvestor.co...I-ve-Ever-Seen
Quoting VuLe
I am focus on Tesla this week. I plan to short Tesla. So if tesla drops.. you know Ill be on this island... but if it spikes. You may find me on the street... and all I ask for is some food or some pips. {image} {image}
It looks like Northern Sentinel island
Quoting pgidia
{quote} Anyone can guide me if this strategy by me is wrong ?? Is it gamble or good investment ? Positive and Negative feedback is welcome
Your question of, "is it gamble or good investment?" Is what I see wrong. If it happens that you win, you see it as investment. If it happens that you lose, you say its gamble. Change that kind of mentality buddy.
You will be what you will to be
Still holding above every possible channel. Trade what you 'see'

As far as I am concerned, I will cheer for bears once I see 1.170-1.1650 broken clearly on the Daily and above time frames.. until then, I stick with the Bulls. Doesn't mean I won't be scalping shorts, I will of course, like I did from top to bottom last Friday.. I am just saying the trend remains Bullish and no sign of bears/ reversal yet. Again, talking about long term positioning here.. not scalping.
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Seek, because knowledge is a boundary.. but ignorance is boundless- SJV
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