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EURUSD

  • #1,168,861
  • May 7, 2020 10:58am May 7, 2020 10:58am
just closed with 15pips
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,168,862
  • May 7, 2020 10:59am May 7, 2020 10:59am
Quoting Hetal.Mehta
{quote} I hear you man. I am short exactly at 1.0800 and although I see down trend in daily chart this is painful. Well... just have to hold it. If it jumps too high, which I doubt, I will just add more shorts.
I just wanted to say to the Asset mangers GO AWAY!!!.
We are peacefully trading out here.


_____________
Still Learning
  • #1,168,863
  • May 7, 2020 11:02am May 7, 2020 11:02am
Lets see if 1,0832/40 can bring it back below 1,0810 before another move

Overall, still short. I'm not worried
COT: The precious data ignored
  • #1,168,864
  • May 7, 2020 11:05am May 7, 2020 11:05am
Quoting kuroro001
Lets see if 1,0832/40 can bring it back below 1,0810 before another move Overall, still short. I'm not worried
I wanted to learn how to read this COT reports. so that I can add it to my Technical Analysis.
And create a simple program that can attach the currency and data for percentages.
I dont know how to read this Numbers YET ..



____________
Still Learning
  • #1,168,865
  • May 7, 2020 11:12am May 7, 2020 11:12am
Quoting Hetal.Mehta
{quote} I hear you man. I am short exactly at 1.0800 and although I see down trend in daily chart this is painful. Well... just have to hold it. If it jumps too high, which I doubt, I will just add more shorts.
0840, 0852, and 0875 are good levels to watch 0840 will most likely break if 0852 holds I MAY continue to play it bearish otherwise Ill have to play it bullish depending on what I get on my daily chart...I hate when Fridays turn into indecision days for me.....

saying 0800 maybe a low purchase....most likely will go higher

EDIT: most likely a dollar dump...in preparation for tomorrow news which could possibly to a dollar grab after
LOCK IN RE-ENTER
  • #1,168,866
  • May 7, 2020 11:26am May 7, 2020 11:26am
Quoting 60629435
{quote} I wanted to learn how to read this COT reports. so that I can add it to my Technical Analysis. And create a simple program that can attach the currency and data for percentages. I dont know how to read this Numbers YET .. ____________ Still Learning
How to read it ? Same way as you did when you started trading.

Google it, check websites explaining how to read it, then read it alone and make your own interpretation.

The more you look at it, the better you'll understand how it works.

Tips : There are some forums here talking about COT report
COT: The precious data ignored
  • #1,168,867
  • May 7, 2020 11:31am May 7, 2020 11:31am
Quoting kuroro001
{quote} How to read it ? Same way as you did when you started trading. Google it, check websites explaining how to read it, then read it alone and make your own interpretation. The more you look at it, the better you'll understand how it works. Tips : There are some forums here talking about COT report
Appreciated I think I got the thread.


____________
Still Learning
  • #1,168,868
  • May 7, 2020 11:35am May 7, 2020 11:35am
Quoting kuroro001
Lets see if 1,0832/40 can bring it back below 1,0810 before another move Overall, still short. I'm not worried
why are you selling ingulfing candle ?
8 from last 9 engulfing candles gave at least 1.618 extension , and that's a lot , it's between 50 up to 100 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh4.png Size: 28 KB
Click to Enlarge Name: euh1.png Size: 16 KB
Click to Enlarge Name: eu15.png Size: 33 KB
yes yes yes
  • #1,168,869
  • May 7, 2020 12:01pm May 7, 2020 12:01pm
Quoting Moty
{quote} why are you selling ingulfing candle ? 8 from last 9 engulfing candles gave at least 1.618 extension , and that's a lot , it's between 50 up to 100 pips {image} {image} {image}
Bullish engulfing doesn't mean much to me. Candlestick patterns i'm not looking at it

I'm looking for a retrace off this 32/40 area.

And as COT is bearish, so am i. I'm not saying it can't rise, if it does i'll look for the best area to short
COT: The precious data ignored
  • #1,168,870
  • May 7, 2020 12:08pm May 7, 2020 12:08pm
H4 clouds showing momentum on pull back. Poss 1.0870sh
  • #1,168,871
  • May 7, 2020 12:08pm May 7, 2020 12:08pm
Attached Image (click to enlarge)
Click to Enlarge Name: 3C51966E-80BC-4E5F-B1D4-D5B3575D5A5B.jpeg Size: 971 KB
  • #1,168,872
  • May 7, 2020 12:22pm May 7, 2020 12:22pm
Quoting kuroro001
{quote} Bullish engulfing doesn't mean much to me. Candlestick patterns i'm not looking at it I'm looking for a retrace off this 32/40 area. And as COT is bearish, so am i. I'm not saying it can't rise, if it does i'll look for the best area to short
The COT report is released every Friday to public according to big player positions as of the Tuesday before the Friday. Yes this Information is 3 days old however it is more then enough for us to see the asset move in the direction the big players are positioning themselves for. However it is important to never base your trading entries based off the report you will use technical approach for this. Based on what I said I use this report to understand my bias for the currency, this week I was bearish because of where smart money has had their positions as of Tuesday 04/28/2020. Now I have collected 40 pip short this week for this pair. Now it is time to continue to follow smart money and we did indeed break the trend here. Last COT report showed bearish but that doesn’t mean eur will fall forever.
Master your mind. Master Trading.
  • #1,168,873
  • May 7, 2020 12:50pm May 7, 2020 12:50pm
this is not reverse you will see low once again tomorrow i think- but border of short 1.09-H4 border.I hope eur cant do it.You should understand it.
  • #1,168,874
  • May 7, 2020 2:03pm May 7, 2020 2:03pm
Quoting viktoriaxz
this is not reverse you will see low once again tomorrow i think- but border of short 1.09-H4 border.I hope eur cant do it.You should understand it.
i think tomorrow this pair would fly more, i dont see down more then 0.08000 ..
Work Hard In Silence, Let Your Success Be Your Noise.
  • #1,168,875
  • Edited 4:18pm May 7, 2020 3:34pm | Edited 4:18pm
Quoting investing101
{quote} Been trading since I was 13 years old, I'm now in my early thirties. You'll never learn how to trade if you keep trying to guess reversals. Stick with the trend and ONLY look for opportunities in the direction of that trend.
Did you ever go long?

Not asking because I didn't, just wondering because of your response to me post...that was nice 45 pips if you did!
LOCK IN RE-ENTER
  • #1,168,876
  • May 7, 2020 4:07pm May 7, 2020 4:07pm
Quoting Moty
{quote} why are you selling ingulfing candle ? 8 from last 9 engulfing candles gave at least 1.618 extension , and that's a lot , it's between 50 up to 100 pips {image} {image} {image}
Can you share the indicator of the third image, the one that appears in the window below?
Thank you
  • #1,168,877
  • Edited 5:58pm May 7, 2020 4:46pm | Edited 5:58pm
Quoting mistaouting
{quote} 0840, 0852, and 0875 are good levels to watch 0840 will most likely break if 0852 holds I MAY continue to play it bearish otherwise Ill have to play it bullish depending on what I get on my daily chart...I hate when Fridays turn into indecision days for me..... saying 0800 maybe a low purchase....most likely will go higher EDIT: most likely a dollar dump...in preparation for tomorrow news which could possibly to a dollar grab after

As I said I'm watching those levels...nice bounce off 0840...lots of road left to travel so I want get my hopes up yet! With a UK holiday who knows could get lucky

edit: its now at 0850 still watching....will start to gauge price action with this H4 and into London H4 before I call it
LOCK IN RE-ENTER
  • #1,168,878
  • May 7, 2020 7:05pm May 7, 2020 7:05pm
Yesterday I took a short down to Wednesday low and got out there. Only a 20 pip trade.
End of cycle was imminent. Not hanging in the trade,
Trade back up presented in US session - which I wasn't around for.
Now the market is between cycles - no trade on this pair until next week I think.
  • #1,168,879
  • May 7, 2020 7:26pm May 7, 2020 7:26pm
Quoting princeali115
Eur/usd is looking good to buy
Closed profit 36 pips
Master your mind. Master Trading.
  • #1,168,880
  • May 7, 2020 10:06pm May 7, 2020 10:06pm
Quoting johncrichton
{quote} Can you share the indicator of the third image, the one that appears in the window below? Thank you
here
Attached File(s)
File Type: mq4 Bands.mq4   3 KB | 264 downloads
File Type: mq4 Auto Pivots.mq4   31 KB | 258 downloads
File Type: ex4 MA-in-Color_wAppliedPrice_v3.ex4   6 KB | 269 downloads
File Type: ex4 Touchline #3.ex4   3 KB | 351 downloads
File Type: ex4 Touchline #4.ex4   10 KB | 307 downloads
File Type: tpl 15.tpl   23 KB | 260 downloads
yes yes yes
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