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EURUSD

  • #1,165,821
  • Apr 6, 2020 3:34am Apr 6, 2020 3:34am
first one ok, next is around 0789-0778
  • #1,165,822
  • Apr 6, 2020 3:38am Apr 6, 2020 3:38am
1.079, very good price to starting to build buy positions
  • #1,165,823
  • Apr 6, 2020 3:41am Apr 6, 2020 3:41am
Things doesn't look well for EU, this is from sentix:

"A quick V-recovery of the economy is not to be expected"

Staying bearish until Covid-19 stops growing is a good fundamental strategy.
Looking for profitable short term trades ...|
  • #1,165,824
  • Apr 6, 2020 3:48am Apr 6, 2020 3:48am
Quoting Js3mwtRc
Things doesn't look well for EU, this is from sentix: "A quick V-recovery of the economy is not to be expected" Staying bearish until Covid-19 stops growing is a good fundamental strategy.

This news is already in the past = throw it to the garbage

As traders, we gotta look at the future. This news is over, once price rise you'll see another news saying why it rose.

Reason i don't look at the economic news
COT: The precious data ignored
  • #1,165,825
  • Apr 6, 2020 3:50am Apr 6, 2020 3:50am
38 pips, too early exit maybe, but that was fast money
  • #1,165,826
  • Apr 6, 2020 4:05am Apr 6, 2020 4:05am
Are you ready?
Attached Image (click to enlarge)
Click to Enlarge Name: New Doc 04-06-2020 12.03.19_1.jpg Size: 122 KB
yes yes yes
  • #1,165,827
  • Apr 6, 2020 4:14am Apr 6, 2020 4:14am
Quoting kuroro001
{quote} This news is already in the past = throw it to the garbage As traders, we gotta look at the future. This news is over, once price rise you'll see another news saying why it rose. Reason i don't look at the economic news
Yes you are right, these news are past, there are others things to consider, but many novice traders don't see it like me and you, they just jump in on any new.

The best is to have awareness of what you are waiting for and don't bite with once.
Looking for profitable short term trades ...|
  • #1,165,828
  • Apr 6, 2020 4:21am Apr 6, 2020 4:21am
Quoting Moty
Are you ready? {image}
for the drop?
  • #1,165,829
  • Apr 6, 2020 4:23am Apr 6, 2020 4:23am
Quoting Moty
Are you ready? {image}
I'm not ready

Attached Image
COT: The precious data ignored
  • #1,165,830
  • Apr 6, 2020 4:25am Apr 6, 2020 4:25am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #1,165,831
  • Apr 6, 2020 4:25am Apr 6, 2020 4:25am
Quoting Js3mwtRc
, but open interest for the EUR is -3.39%
what does that mean?
  • #1,165,832
  • Apr 6, 2020 4:31am Apr 6, 2020 4:31am
Quoting juhanimi
{quote} what does that mean?
Means that they closed open positions, it was the upside week on EU and that made me think that they where shorts that closed, but net they where longs, so they may have changed mind from buying and short it.
Looking for profitable short term trades ...|
  • #1,165,833
  • Apr 6, 2020 4:40am Apr 6, 2020 4:40am
Quoting Js3mwtRc
{quote} Means that they closed open positions, it was the upside week on EU and that made me think that they where shorts that closed, but net they where longs, so they may have changed mind from buying and short it.
Yeah, it was long time ago when I tried to trade with COT, it was difficult, but I think that open interest was important, if price goes up and open interest goes down, then commercials are buying and price should go up.
I am not so sure about that, anyone knows better?
  • #1,165,834
  • Apr 6, 2020 4:42am Apr 6, 2020 4:42am
Quoting juhanimi
{quote} what does that mean?
Attached Image (click to enlarge)
Click to Enlarge Name: paisa.PNG Size: 28 KB


Source :5paisa.com
COT: The precious data ignored
  • #1,165,835
  • Apr 6, 2020 4:45am Apr 6, 2020 4:45am
Quoting kuroro001
{quote} {image} Source :5paisa.com
so, euro should be bullish?
  • #1,165,836
  • Apr 6, 2020 4:45am Apr 6, 2020 4:45am
Quoting juhanimi
{quote} Yeah, it was long time ago when I tried to trade with COT, it was difficult, but I think that open interest was important, if price goes up and open interest goes down, then commercials are buying and price should go up. I am not so sure about that, anyone knows better?
I look the institutionals, they move the market and now with Covid-19 many commercials (80%) doesn't move the market and they are weak money. This may come in contrast with my view, but we should consider that these guys want to buy EU to make busisness, but they still can't.
Looking for profitable short term trades ...|
  • #1,165,837
  • Apr 6, 2020 4:48am Apr 6, 2020 4:48am
Quoting juhanimi
{quote} so, euro should be bullish?
No ideas, just posted it for information

I do use open interest to calculate if its bullish or bearish, but i use the dealers/assets managers/money managers for that. I check their contract regarding open interest.

Other people use commercial/non commercials, i just don't, i don't find them relevant to me.

You gotta use what works for you right
COT: The precious data ignored
  • #1,165,838
  • Apr 6, 2020 4:52am Apr 6, 2020 4:52am
Quoting juhanimi
{quote} so, euro should be bullish?
If, open interest, and volume are falling and so the price then this is a sign that the market will strengthen and change course to bullish, we just want to go above resistance.
Looking for profitable short term trades ...|
  • #1,165,839
  • Apr 6, 2020 4:52am Apr 6, 2020 4:52am
hmmm

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDmM301.png Size: 40 KB
wise man say, only fools rush in
  • #1,165,840
  • Apr 6, 2020 4:53am Apr 6, 2020 4:53am
Quoting kuroro001
{quote} No ideas, just posted it for information I do use open interest to calculate if its bullish or bearish, but i use the dealers/assets managers/money managers for that. I check their contract regarding open interest. Other people use commercial/non commercials, i just don't, i don't find them relevant to me. You gotta use what works for you right
Yes, price came down last week, so it was falling, and open interest is falling, should be bullish then, if that picture is right.
We`ll see from charts what happens, but there was some buying in Friday.
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