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  • #1,163,201
  • Feb 28, 2020 7:59am Feb 28, 2020 7:59am
This is where it comes down to it, now the institutions are opening sell positions, trapping buyers that are entering now.
  • #1,163,202
  • Feb 28, 2020 7:59am Feb 28, 2020 7:59am
Quoting smikester
This has been a gentle down trend since May 2018. I may cover some longs at 1.0950. This is where I expect some consolidation and perhaps a reversal at 953 - 981 area. And there is a January low at 1.099. Lots of potential pivots. May release some margin for a better set up. Chart: {image}
I'm on the sidelines now.
Gone to a better place
  • #1,163,203
  • Feb 28, 2020 8:02am Feb 28, 2020 8:02am
Quoting Techanalyst
This is where it comes down to it, now the institutions are opening sell positions, trapping buyers that are entering now.
I am looking forward to the COT report. So glad I learned about that information and how to use it.
Learn from your mistakes and march on.
  • #1,163,204
  • Feb 28, 2020 8:03am Feb 28, 2020 8:03am
Quoting here2there
{quote} I am looking forward to the COT report. So glad I learned about that information and how to use it.
Well we all know that every week there is a cycle. But from COT reports and looking at supply/demand strategy, this is bearish at least from my analysis. Trade safe.

These are release dates:
https://www.cftc.gov/MarketReports/C...dule/index.htm

Every Friday. So what happens is these reports are out every Tuesday for institutional traders, but we retail get to see it on Fridays.
  • #1,163,205
  • Feb 28, 2020 8:07am Feb 28, 2020 8:07am
Quoting smikester
{quote} I'm on the sidelines now.
Understandable. Due to all the stuff that is going on with Coronavirus, the markets are quite messy at the moment.

I use a very conservative approach to trading when it comes to leverage. I can literally go hundreds of pips underwater and still avoid a margin call. Now I will be looking for opportunities to add to my short.
Learn from your mistakes and march on.
  • #1,163,206
  • Feb 28, 2020 8:10am Feb 28, 2020 8:10am
Quoting Techanalyst
{quote} ...So what happens is these reports are out every Tuesday for institutional traders, but we retail get to see it on Fridays.
If only we could see what they see on Tuesday—when they see it.
Learn from your mistakes and march on.
  • #1,163,207
  • Feb 28, 2020 8:13am Feb 28, 2020 8:13am
I bought 1.0982 with a sell-order at 1.1003.
Still got faith..
  • #1,163,208
  • Feb 28, 2020 8:26am Feb 28, 2020 8:26am
Quoting notyetthere
I just restarted a long position of euro 1.0980
Have you considered Oanda's order book?

There's a lot of orders waiting around 1.0825.
1.085 and 1.0775 are also favorable spots.

Source: https://www1.oanda.com/forex-trading...rex-order-book
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Learn from your mistakes and march on.
  • #1,163,209
  • Feb 28, 2020 8:30am Feb 28, 2020 8:30am
im bullish, but EU may go down from the last price action

≧◉◡◉≦
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  • #1,163,210
  • Feb 28, 2020 8:38am Feb 28, 2020 8:38am
Quoting vikinsa
Closed EURUSD long position at possible 38.2 Fib rejection {image}
Short looking good but it may not go all the way down now. So I will watch it carefully.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD Initiated Short Position at 38.2 Feb 28,2020 Update-Vikinsa Forex Trading.png Size: 188 KB


My trade log here: https://www.forexfactory.com/showthr...7#post12781467
Technical Analyst & Trader @ Vikinsa
  • #1,163,211
  • Feb 28, 2020 8:41am Feb 28, 2020 8:41am
I love doing technical analysis. It is so effective! Nothing beats it.
Learn from your mistakes and march on.
  • #1,163,212
  • Feb 28, 2020 9:39am Feb 28, 2020 9:39am
Beware of possible short squeeze into the London close.
  • #1,163,213
  • Feb 28, 2020 9:46am Feb 28, 2020 9:46am
Quoting Fredrick7
Beware of possible short squeeze into the London close.
That is certainly a valid point!
Learn from your mistakes and march on.
  • #1,163,214
  • Feb 28, 2020 9:59am Feb 28, 2020 9:59am
This is the problem: https://news.trust.org/item/20200228131609-4wyiy

It's going to be a difficult year for retail traders (or for however long it takes to resolve this growing problem).
Learn from your mistakes and march on.
  • #1,163,215
  • Feb 28, 2020 10:10am Feb 28, 2020 10:10am
Quoting OhComeOn
{quote} Went ahead and entered short at R200 instead, figured it was close enough. Still looking at same TP areas.
And there is the R138 hit. Like magic.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,163,216
  • Feb 28, 2020 10:21am Feb 28, 2020 10:21am
Just added another short. If it makes its way up above the Average Monthly Range, I will add another.

No fear!
Learn from your mistakes and march on.
  • #1,163,217
  • Feb 28, 2020 11:09am Feb 28, 2020 11:09am
The gold lines represent the area I believe they will eventually take it. But I am expecting to see some more bearish activity before this happens.

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Oanda's Order Book: https://www1.oanda.com/forex-trading...rex-order-book
Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,163,218
  • Feb 28, 2020 12:44pm Feb 28, 2020 12:44pm
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yes yes yes
  • #1,163,219
  • Feb 28, 2020 1:07pm Feb 28, 2020 1:07pm
Looking good so far! Let's see if it holds up.

Attached Image (click to enlarge)
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Learn from your mistakes and march on.
  • #1,163,220
  • Feb 28, 2020 2:32pm Feb 28, 2020 2:32pm
Just added another short.
Learn from your mistakes and march on.
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