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EURUSD

  • #1,176,981
  • Jul 31, 2020 8:37pm Jul 31, 2020 8:37pm
Quoting here2there
According to the COT report, the EURO remains standing as the strongest currency (at this time). Buyer's Open Interest increased by more than 37k! Therefore, it makes sense to look for buying opportunities on EURO pairs. {image} USD is still hurting and showing no sign of improvement. {image}
You're on point.

Smart money is net long while retail remains net short on the EURO.

Attached Image (click to enlarge)
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The hedge funds have been adding more positions on the EURO week after week.

I maintain a bullish bias on the EURO although I am anticipating a major retracement.
Give the market little, Aim to take a lot!
  • #1,176,982
  • Jul 31, 2020 8:48pm Jul 31, 2020 8:48pm
Quoting Calsimay
{quote} You're on point. Smart money is net long while retail remains net short on the EURO. {image} The hedge funds have been adding more positions on the EURO week after week. I maintain a bullish bias on the EURO although I am anticipating a major retracement.
EURUSD is going to 1.25 area before going back down again, or if it goes back down again.
  • #1,176,983
  • Edited 9:43am Aug 1, 2020 9:23am | Edited 9:43am
Quoting MrBullBear
{quote} I'm sure we have something to learn from you if you don't mind sharing...
Do you use leverage?


P/L Open. Measures the gain or loss of position value since an opening trade was made. In math-speak, P/L Open = (AVG COST x QTY) – (MARK x QTY).


P/L %. Same thing as P/L Open, but expressed as a percentage. P/L Open = ((AVG COST x QTY) – (MARK x QTY)) / (AVG COST x QTY).

Edit. PROFIT/LOSS (P/L) %: P/L % calculates the percentage of money made or lost as a function of your execution price. This takes P/L open as the numerator and your execution price as the denominator. Please keep in mind that when it comes to options, this will only calculate the P/L of single options and thus, excludes spreads.
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  • #1,176,984
  • Aug 1, 2020 10:23am Aug 1, 2020 10:23am
Quoting mistaouting
{quote} Do you use leverage? P/L Open. Measures the gain or loss of position value since an opening trade was made. In math-speak, P/L Open = (AVG COST x QTY) – (MARK x QTY). P/L %. Same thing as P/L Open, but expressed as a percentage. P/L Open = ((AVG COST x QTY) – (MARK x QTY)) / (AVG COST x QTY). Edit. PROFIT/LOSS (P/L) %: P/L % calculates the percentage of money made or lost as a function of your execution price. This takes P/L open as the numerator and your execution price as the denominator. Please keep in mind that when it comes to options,...
Sorry am lost. How is this got to do beating them?
Only an idiot knows with certainty to where the market is going.
  • #1,176,985
  • Aug 1, 2020 10:32am Aug 1, 2020 10:32am
i see 1550 before any move
Attached Image (click to enlarge)
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  • #1,176,986
  • Aug 1, 2020 10:57am Aug 1, 2020 10:57am
Quoting MrBullBear
{quote} Sorry am lost. How is this got to do beating them?
I missed the question.
Hard question to answer without knowing who is it you want to beat.
"If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle."

Edit. So again who is " them"
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  • #1,176,987
  • Aug 1, 2020 11:09am Aug 1, 2020 11:09am
Quoting here2there
According to the COT report, the EURO remains standing as the strongest currency (at this time). Buyer's Open Interest increased by more than 37k! Therefore, it makes sense to look for buying opportunities on EURO pairs. {image} USD is still hurting and showing no sign of improvement. {image}
Agree with you.
But I think it might move to 1.1500 before going up to continue its uptrend.
  • #1,176,988
  • Aug 1, 2020 11:34am Aug 1, 2020 11:34am
Quoting mistaouting
{quote} I missed the question. Hard question to answer without knowing who is it you want to beat. "If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle." Edit. So again who is " them"
Remember my curiosity on how the top notchers manage to get 1k% ROI in just few hrs upon market opening? Those with TE here in ff
Only an idiot knows with certainty to where the market is going.
  • #1,176,989
  • Aug 1, 2020 12:26pm Aug 1, 2020 12:26pm
Quoting MrBullBear
{quote} Remember my curiosity on how the top notchers manage to get 1k% ROI in just few hrs upon market opening? Those with TE here in ff
what if i achieve that target in 10 days straight
  • #1,176,990
  • Aug 1, 2020 12:33pm Aug 1, 2020 12:33pm
Quoting PatienceFx
{quote} what if i achieve that target in 10 days straight
I am talking about those top notchers with TE that do it in few hrs... Yes I know you can do it within 10 days. No doubt!
Only an idiot knows with certainty to where the market is going.
  • #1,176,991
  • Aug 1, 2020 12:55pm Aug 1, 2020 12:55pm
Quoting PatienceFx
i see 1550 before any move {image}
This is going nowhere but up. The 1.1550 does not make any sense. There is nothing that will push that price down. EURUSD bullish and is going up to 1.23xx - 1.25, before it goes down.
  • #1,176,992
  • Aug 1, 2020 1:26pm Aug 1, 2020 1:26pm
Quoting PatienceFx
{quote} what if i achieve that target in 10 days straight
thats impossible.... 230 is roughly 100% ROI...

.1 lot is worth about $230 which is $1 a pip...

you would have to make 230pips to make 100% return where as these people make 1000%... do the math and let that sink in....

I feel like they are using heavy leverage... Ill post an example later... but I see a guy that has 5k account and it shows his position -23k
Trade what you see, take what the market gives you.
  • #1,176,993
  • Aug 1, 2020 1:42pm Aug 1, 2020 1:42pm
Quoting Techanalyst
{quote} This is going nowhere but up. The 1.1550 does not make any sense. There is nothing that will push that price down. EURUSD bullish and is going up to 1.23xx - 1.25, before it goes down.
i see the month of august push up to 1.1950 and then range to 1.16xx... and september would he headed to 1.2xxx
Trade what you see, take what the market gives you.
  • #1,176,994
  • Aug 1, 2020 1:52pm Aug 1, 2020 1:52pm
Quoting VuLe
{quote} thats impossible.... 230 is roughly 100% ROI... .1 lot is worth about $230 which is $1 a pip... you would have to make 230pips to make 100% return where as these people make 1000%... do the math and let that sink in.... I feel like they are using heavy leverage... Ill post an example later... but I see a guy that has 5k account and it shows his position -23k
It is doable in days. What I am questioning is, those with TE who makes it in few hrs.
Only an idiot knows with certainty to where the market is going.
  • #1,176,995
  • Aug 1, 2020 3:53pm Aug 1, 2020 3:53pm
Quoting MrBullBear
{quote} It is doable in days. What I am questioning is, those with TE who makes it in few hrs.
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that was by 3:15 est.

It's common, not to brag of course. But I am confused because i have witnessed some of your calls and would think you do the same.

I use a leveraged account and smallest order is 0.10 and then up for me.

I would think most traders use leveraged accounts... However I don't know much about traders using smaller orders than 0.10.

But I think the larger your position the more profit per pip. Leverage is obvious because who really using 100,000.00 of their own money
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  • #1,176,996
  • Aug 1, 2020 4:01pm Aug 1, 2020 4:01pm
Quoting Techanalyst
{quote} This is going nowhere but up. The 1.1550 does not make any sense. There is nothing that will push that price down. EURUSD bullish and is going up to 1.23xx - 1.25, before it goes down.
The basic reason for USD weakness covid increases is OVER

O V E R
  • #1,176,997
  • Aug 1, 2020 4:20pm Aug 1, 2020 4:20pm
Quoting PatienceFx
{quote} The basic reason for USD weakness covid increases is OVER O V E R
EURUSD remains BULLISH.

BULLISH.

It is not OVER, second wave coming in September. EURUSD BULLISH.

BULLISH.

Cases of Covid-19 in USA is still HIGH.

HIGH.

EURUSD is going up to 1.23xx-1.25. It is not going anywhere else before that price. NOWHERE but there.
  • #1,176,998
  • Aug 1, 2020 4:40pm Aug 1, 2020 4:40pm
Quoting mistaouting
{quote} {image}that was by 3:15 est. It's common, not to brag of course. But I am confused because i have witnessed some of your calls and would think you do the same. I use a leveraged account and smallest order is 0.10 and then up for me. I would think most traders use leveraged accounts... However I don't know much about traders using smaller orders than 0.10. But I think the larger your position the more profit per pip. Leverage is obvious because who really using 100,000.00 of their own money
I use max leverage allowable in my gambling account. But never would I make 1k ROI in few hrs. That is the one I am questioning the possibility. I know it is possible in days. But not in hrs. That is what made me curious.. I wanna know how.

On your post, you made 5k ROI for how long it took?
Only an idiot knows with certainty to where the market is going.
  • #1,176,999
  • Aug 1, 2020 5:14pm Aug 1, 2020 5:14pm
Quoting MrBullBear
{quote} I use max leverage allowable in my gambling account. But never would I make 1k ROI in few hrs. That is the one I am questioning the possibility. I know it is possible in days. But not in hrs. That is what made me curious.. I wanna know how. On your post, you made 5k ROI for how long it took?
Whats a or what you mean by gambling account?

Not to say that is what those numbers your referencing mean...but....if you went long 4 lots and price went up 25pips in an hour....how much did you make? $1K

BUT 5000% P/L day dose not mean you made $5k..Best to know what and how P/L% for day, month, whatever is calculated. That would clear it up.

EDIT: that P/L% what for that day at that time i took screen shot.

Another EDIT: I got stuck in a short on close...My P/L today is -53.71% because I lost like $3.00 or so interest payment on a 0.10lot....thats why I was stressing that understanding how its calculated and what it means is important.

But the higher the percentage the more I make

I can leave a position open through a day and p/l% starts over for that day.... Even if I made or list $300 on it previous day
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  • #1,177,000
  • Aug 1, 2020 5:54pm Aug 1, 2020 5:54pm
Quoting mistaouting
{quote} Whats a or what you mean by gambling account? Not to say that is what those numbers your referencing mean...but....if you went long 4 lots and price went up 25pips in an hour....how much did you make? $1K BUT 5000% P/L day dose not mean you made $5k..Best to know what and how P/L% for day, month, whatever is calculated. That would clear it up. EDIT: that P/L% what for that day at that time i took screen shot. Another EDIT: I got stuck in a short on close...My P/L today is -53.71% because I lost like $3.00 or so interest payment on a 0.10lot....thats...
You example 4lots 25pips = $1k. But that will bring you just a fraction of your account becouse you won't be able to use 4 lots if your account balance is less than $8k. Even you catched a 250pip move can only double your account. So the question 1k ROI in a matter of hrs is questionable. Remember, the bigger the lots you use, the bigger the amount of equity required needed.

But anyway, I think I get it now. I figured, maybe he left a trade open over the weekend and closed it with huge profit few hrs after the market re-open that is why he gets that insane numbers.

Regarding your question about gambling account. That is what I use on experimenting a method, trying a system or simply trading out of boredom, or to itch my trading addiction. It is only coffee money, so no worries, it won't hurt. Becouse I don't want to use demo, there's no emotional attachment there which is important.
I am thinking of joining them(w/live TE) and see if I can manage to get on top 10. I see they don't have consistency and that is where I see I can sneak in. And I don't believe they use serious money considering that insane ROI. So, I will use coffee money/gambling account. Let's see..
Only an idiot knows with certainty to where the market is going.
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