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EURUSD only

  • #89,761
  • Edited 10:08am Jun 22, 2019 9:52am | Edited 10:08am
Quoting RahmanSL
{quote} Nice looking charts! Over the weekend I always carry out research and listen to any economic & geopolitical news over at Bloomberg & CNBC in preparation for the trading week ahead. For quite a number of years I always read the article/analysis posted by "Sive Morten" over at the "Forex Peace Army". Sive is a European bank analyst and is very intelligent in his weekly & daily analysis which I found to be most helpful & insightful in my daily trades. Go check that out as you might find his analysis & article helpful too. Cheers!
No one can predict the market.I would have been a millionaire.This analyst could be rich.But he only makes predictions,but he does not risk.
My friend trader had a solid account,traded futures,he had a short of gold.At night the war began,and gold rose up by $ 50, stops didnt work,it was ECN, he lost all account.
  • #89,762
  • Jun 22, 2019 10:08am Jun 22, 2019 10:08am
Quoting satish37
{quote} Waves Just gives us direction of Market which side market is headed . Fibo levels give us exact targets . fibo also tell us when a wave is going to end where is most likely the end of a swing and new swing is going to start . Hence a chart is our Road map . Where as Wave , Fibo after these comes Price Action to detect the exact buy/sell candle for entry.
I like this post. Is Waves part of harmonic pattern
sell strength in falling markets, and buy weakness in rising markets.
  • #89,763
  • Jun 22, 2019 10:50am Jun 22, 2019 10:50am
Quoting viktoriaxz
{quote} No one can predict the market.I would have been a millionaire.This analyst could be rich.But he only makes predictions,but he does not risk. My friend trader had a solid account,traded futures,he had a short of gold.At night the war began,and gold rose up by $ 50, stops didnt work,it was ECN, he lost all account.
If 5% gold growth killed his account, he must have been overleveraged.
Everyone can see the chart, but only a few can actually read it.
  • #89,764
  • Edited 1:40pm Jun 22, 2019 12:11pm | Edited 1:40pm
If i look at Daily . I see a divergence on the long MACD,this new trend up,it may be the beginning of a longterm trend up. EUr never visits 1.1180 .And 1.14 this is not limit for eur rising.I mean eur will go up for long time.But of course,after 1.14,eur does some low.
Attached Image (click to enlarge)
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  • #89,765
  • Jun 22, 2019 12:28pm Jun 22, 2019 12:28pm
Quoting viktoriaxz
{quote} No one can predict the market.I would have been a millionaire.This analyst could be rich.But he only makes predictions,but he does not risk. My friend trader had a solid account,traded futures,he had a short of gold.At night the war began,and gold rose up by $ 50, stops didnt work,it was ECN, he lost all account.
Of course nobody “can predict the market”.

I have often mentioned that we should not blindly follow any “experts” because what works for them does not necessarily work for us. If we want to be successful Traders and consistently make money from the forex market, we should educate ourselves about the forex market, carry out our own analysis & research, and trade based on what we believe & trust is the best for us.
Reading other Analyst/Forex Trader’s economic reports & analysis together with keeping up with economic & geopolitical help us to better prepare ourselves in forming our own analysis and trading strategy.
Your friend must be a Newbie to do what he did as he obviously do not know that Gold is a safe haven commodity (as well as safe haven currencies) that investors go to in times of market & geopolitical uncertainties.
  • #89,766
  • Jun 22, 2019 1:26pm Jun 22, 2019 1:26pm
Quoting viktoriaxz
If i look at Daily . I see a divergence on the long MACD,this new trend up,it may be the beginning of a longterm trend up. EUr never visit 1.180 .And 1.14 this is not limit fo eur. {image}
never visit 1.180??
in 2007 it was 1.5800
  • #89,767
  • Jun 22, 2019 1:45pm Jun 22, 2019 1:45pm
Quoting pridolfx
{quote} never visit 1.180?? in 2007 it was 1.5800
Hha... So thanks to correction.
  • #89,768
  • Jun 22, 2019 1:54pm Jun 22, 2019 1:54pm
Yes i mean low 1180 eur never visits,if its a real trend up
  • #89,769
  • Edited 5:36pm Jun 22, 2019 3:03pm | Edited 5:36pm
Good evening everyone,

I created these charts on the CoT reports for the EUR FX Futures and Options (Institutional positions).

These reports are in many cases miss interpreted imo, at least that is what I found out recently by looking into them a little deeper.

On the short format reports there is a division between commercial and non commercial traders.

The non commercial traders are the institutions, hedge funds and banks.
The commercial traders are mostly corporations and in most cases looking to hedge against a loss (risk management).
They are in most cases on the opposite side of the non commercial trader.

We as retail traders would like to find ourselves on the side of the non commercial traders (direction of the trend).

So in the first chart I turned the commercial traders positions around and looked at the difference, then plotted all the data.
As you can see, when you take this chart and put it on EUR/USD from 2017 - 2019, it follows the trend.

I wanted to share this now, because of last weeks big change in positions (as seen in chart 2).
Normally we would have to say above 0 is long and below 0 is short.
But when looking at the huge drop in short positions and rise in long positions,
the global economic environment, current market structure and a high chance of a rate cut in the us in july.

I think we may be at the start of a new uptrend for the EURUSD.

But for now open interest remains flat, as seen in chart 3. (Money flow in the market, not trend direction)

Grtz

Attached Image (click to enlarge)
Click to Enlarge Name: CoTReport.png Size: 199 KB

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What's that smell? ---- I smell money!
  • #89,770
  • Jun 22, 2019 3:31pm Jun 22, 2019 3:31pm
Quoting SteFX85
Good evening everyone, I created this chart on the CoT reports for the EUR FX Futures and Options (Institutional positions). These reports are in many cases miss interpreted imo, at least, that is what I found out recently by looking into them a little deeper. On the short format reports there is a division between commercial and non commercial traders. The non commercial traders are the institutions, hedge funds and banks. The commercial traders are mostly corporations and in most cases looking to hedge against a loss (risk management). They are...
I think the same.
  • #89,771
  • Jun 22, 2019 3:33pm Jun 22, 2019 3:33pm
Quoting htcone
{quote} I like this post. Is Waves part of harmonic pattern
If you trade alone definitely you will lose and final blow out account but with slow speed. Where as Harmonic Pattern can make you reach but problem is identifying correct pattern which need much effort in studying , Nothing can compete a Harmonic Pattern but very difficult study . In this pattern nothing extra is required .
I myself could not mark this pattern. Some intelligent student may be
Neither a Bro Nor a Pro I am I
  • #89,772
  • Jun 22, 2019 3:44pm Jun 22, 2019 3:44pm
Quoting RahmanSL
{quote} Nice looking charts! Over the weekend I always carry out research and listen to any economic & geopolitical news over at Bloomberg & CNBC in preparation for the trading week ahead. For quite a number of years I always read the article/analysis posted by "Sive Morten" over at the "Forex Peace Army". Sive is a European bank analyst and is very intelligent in his weekly & daily analysis which I found to be most helpful & insightful in my daily trades. Go check that out as you might find his analysis & article helpful too. Cheers!
Rahman you seem to be intelligent and very hard worker in forex. Surely I will read Sive Articles
Neither a Bro Nor a Pro I am I
  • #89,773
  • Jun 22, 2019 5:58pm Jun 22, 2019 5:58pm
Looking for reversal up @ 1.1361 / 1.1358.
Founder of Sutherland Wave Principle
  • #89,774
  • Jun 23, 2019 12:44am Jun 23, 2019 12:44am
EURUSD Bullish ATM

Attached Image (click to enlarge)
Click to Enlarge Name: eu72.png Size: 58 KB
TMT Scalping System (Best system on FF)
  • #89,775
  • Jun 23, 2019 3:26am Jun 23, 2019 3:26am
Quoting satish37
{quote} Rahman you seem to be intelligent and very hard worker in forex. Surely I will read Sive Articles
Being human, none of us are perfect and it’s to our advantage to use collective wisdom in whatever we do than in going it alone.
I read & listen to other’s point of view & logic to augment & to compliment my own point of view & prediction because I cannot cover everything.
Different people see things differently and from a different angle from our own which helps to broaden our perspective in the way we look at & to access a situation.
We should never stop learning and to listen to other’s point of view because occasionally even the humblest of person can surprise with a piece of wisdom which we didn’t see nor consider.

Cheers & all the best!
  • #89,776
  • Jun 23, 2019 3:27am Jun 23, 2019 3:27am
Quoting SteFX85
Good evening everyone, I created these charts on the CoT reports for the EUR FX Futures and Options (Institutional positions). These reports are in many cases miss interpreted imo, at least that is what I found out recently by looking into them a little deeper. On the short format reports there is a division between commercial and non commercial traders. The non commercial traders are the institutions, hedge funds and banks. The commercial traders are mostly corporations and in most cases looking to hedge against a loss (risk management). They are...
Thanks for sharing : )
  • #89,777
  • Jun 23, 2019 3:28am Jun 23, 2019 3:28am
Quoting Pollen
EURUSD Bullish ATM {image}
Thanks for sharing : )
  • #89,778
  • Jun 23, 2019 5:54am Jun 23, 2019 5:54am
H4 Status Update

These are the important levels for the first 4 to 8 hours after market opening:

  1. 1.1385/95 area is bad ass resistance!
  2. Nearest support sits around 1.1339 area (Dashed RED TL touch level).

Hopefully I will update this after Frankfurt opening on Monday.. Cheers

Stay Green

Attached Image (click to enlarge)
Click to Enlarge Name: H4-SR-Levels.png Size: 28 KB
Focus only on what truly matters!
  • #89,779
  • Jun 23, 2019 7:19am Jun 23, 2019 7:19am
Going to look for shorts aiming for 1.1200 area
ex nihilo
  • #89,780
  • Jun 23, 2019 7:23am Jun 23, 2019 7:23am
Quoting Ata-Turkoglu
H4 Status Update These are the important levels for the first 4 to 8 hours after market opening: 1.1385/95 area is bad ass resistance! Nearest support sits around 1.1339 area (Dashed RED TL touch level). Hopefully I will update this after Frankfurt opening on Monday.. Cheers Stay Green {image}
Ata-Turkoglu After touching 1.1395 or 1.1414 this must rebound and test 1359 or 1.1349 if they are not tested before advancing to 1395-1314.

So I decided to take risk at this point. As market has touched 1.1376 , no doubt it will test 1.1395. But safe trading is trading with the trend.
Simply a 20 Pips rebound must occur at 1.1395. " 1.1385/95 area is bad ass resistance! " bad ass resistance Means weak resistance or strong resistance please clear it .

Thanks
Neither a Bro Nor a Pro I am I
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