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  • #1,165,841
  • Apr 6, 2020 5:08am Apr 6, 2020 5:08am
Quoting juhanimi
{quote} 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.
I check in details what each big market participants did.

From what i've seen, EURO went down, while Asset managers increased their net longs, near all time high longs (all time was 2 weeks ago).
Assets managers are often trend followers, they increase their positions while price goes up, decrease while price go down.

Seeing them increasing their net long while price decrease is telling us they are buying dips.

I'm going their way, and buying as they do.
It can fall 50, 100, 150 pips i don't mind. I'm looking for interesting and cheap entries and buy and hold.

I rarely post entries here, as it doesn't help anyone knowing where i'm buying, and i can have drawdown of 50-100 or more it doesn't bother me much as i add small positions on the way down/up regarding COT report.

So the whole week i'll be long and long only.

Trade safe guys
COT: The precious data ignored
  • #1,165,842
  • Apr 6, 2020 5:48am Apr 6, 2020 5:48am
Quoting kuroro001
{quote} I check in details what each big market participants did. From what i've seen, EURO went down, while Asset managers increased their net longs, near all time high longs (all time was 2 weeks ago). Assets managers are often trend followers, they increase their positions while price goes up, decrease while price go down. Seeing them increasing their net long while price decrease is telling us they are buying dips. I'm going their way, and buying as they do. It can fall 50, 100, 150 pips i don't mind. I'm looking for interesting and cheap entries...
i got my +30 in early morning trade, now it can go wherever it wants to go
  • #1,165,843
  • Apr 6, 2020 5:59am Apr 6, 2020 5:59am
new trades - new targets 1.06148

as covid-19 cases increase demand for safe haven usd increases
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  • #1,165,844
  • Apr 6, 2020 6:14am Apr 6, 2020 6:14am
If this down trend continues, I have to put COT report to my ignore list. Seriously messing my head/trading. All ready did not take 2 shorts.
But if trend changes here, then we can use it in future.

Attached Image (click to enlarge)
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  • #1,165,845
  • Apr 6, 2020 6:28am Apr 6, 2020 6:28am
Quoting juhanimi
If this down trend continues, I have to put COT report to my ignore list. Seriously messing my head/trading. All ready did not take 2 shorts. But if trend changes here, then we can use it in future. {image}
COT is not for day trading. Better put it now in your ignore list.

Most people here change their mind on a daily basis. COT is NOT usefull
COT: The precious data ignored
  • #1,165,846
  • Apr 6, 2020 6:32am Apr 6, 2020 6:32am
Yeah, but NFP was good place to change trend, should not go lower if bullish?
  • #1,165,847
  • Apr 6, 2020 6:35am Apr 6, 2020 6:35am
Quoting juhanimi
Yeah, but NFP was good place to change trend, should not go lower if bullish?
Market sentiment rule the world, all the news you see is just an excuse to make things move up or down.

NFP don't change trend. To change a trend you usually need a CB to act.

Check all big changes of policy from the FED/BCE/BOJ for example. They all brought us trend change, but NFP, ISM, or others? doubt it
COT: The precious data ignored
  • #1,165,848
  • Apr 6, 2020 6:41am Apr 6, 2020 6:41am
Quoting kuroro001
{quote} Market sentiment rule the world, all the news you see is just an excuse to make things move up or down. NFP don't change trend. To change a trend you usually need a CB to act. Check all big changes of policy from the FED/BCE/BOJ for example. They all brought us trend change, but NFP, ISM, or others? doubt it
Agreed, noone gives a damn about NFP, that shit worked 10-15 years ago.
  • #1,165,849
  • Apr 6, 2020 6:51am Apr 6, 2020 6:51am
we`ll see that sooner or later

Attached Image (click to enlarge)
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  • #1,165,850
  • Apr 6, 2020 6:52am Apr 6, 2020 6:52am
Quoting juhanimi
If this down trend continues, I have to put WIFE to my ignore list. Seriously messing my head/trading. All ready did not take 2 shorts. But if trend changes here, then we can use it in future. {image}
never do that
  • #1,165,851
  • Apr 6, 2020 6:56am Apr 6, 2020 6:56am
Quoting eastrader
hmmm {image}
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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wise man say, only fools rush in
  • #1,165,852
  • Apr 6, 2020 7:20am Apr 6, 2020 7:20am
It's Monday, institutions are adding positions in this case long, but tricking retail to go short. Come Tuesday, this will go up a lot.

Quoting kuroro001;

COT reports is not for day trading. It is for longer term, weeks, months and even years if you are a long term investor.
  • #1,165,853
  • Apr 6, 2020 8:05am Apr 6, 2020 8:05am
lower timeframes did say: no sellers...but I am not buying yet
  • #1,165,854
  • Apr 6, 2020 8:31am Apr 6, 2020 8:31am
Quoting OhComeOn
Waiting for some action into the MA's, at least the 50 EMA on the 1H. Will take a look in the morning. {image}
Missed my entry on the 1H, guess I will be using 30M charts this week.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,165,855
  • Apr 6, 2020 8:57am Apr 6, 2020 8:57am
Price can't break daily s1 at 1.08774 area.
switched to long with a little profit.
Bears trap imo
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yes yes yes
  • #1,165,856
  • Apr 6, 2020 9:07am Apr 6, 2020 9:07am
Hope my 2nd sell entry remain the same as 1st entry
wise man say, only fools rush in
  • #1,165,857
  • Apr 6, 2020 9:17am Apr 6, 2020 9:17am
Attached Image (click to enlarge)
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As mention yesterday, today is indeed a doji, at least until now
  • #1,165,858
  • Apr 6, 2020 9:18am Apr 6, 2020 9:18am
Quoting kuroro001
{quote} COT is not for day trading. Better put it now in your ignore list. Most people here change their mind on a daily basis. COT is NOT usefull
That Open Interest pic that you posted, should be good for this week, I don`t think that is for unknown future.
  • #1,165,859
  • Apr 6, 2020 9:28am Apr 6, 2020 9:28am
Quoting juhanimi
{quote} That Open Interest pic that you posted, should be good for this week, I don`t think that is for unknown future.
It was just for information. I don't follow this pic, and never seen if it was useful or not.

Honestly if it worked 100% everybody would use it

I don't invest based on this information
COT: The precious data ignored
  • #1,165,860
  • Apr 6, 2020 9:43am Apr 6, 2020 9:43am
https://www.5paisa.com/articles/how-...-open-interest
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