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EURUSD

  • #1,180,621
  • Aug 26, 2020 6:33pm Aug 26, 2020 6:33pm
Quoting MrBullBear
Considering the time of the day and volatility. I don't think there will be enough momentum to break the resistance. Chances are it will bounce again. So I close all buy orders and switch to short. {image}
not this time... it will collect all the sellers here... we will be taking off any moment... and trapping the bears once more
Trade what you see, take what the market gives you.
  • #1,180,622
  • Aug 26, 2020 7:00pm Aug 26, 2020 7:00pm
Quoting VuLe
{quote} not this time... it will collect all the sellers here... we will be taking off any moment... and trapping the bears once more
Well, you know me... if it happens, i am already behind you catching pips with you. I anticipate. But I am quick to decide. I follow the PA.
Attached Image (click to enlarge)
Click to Enlarge Name: 20200826_170632.jpg Size: 686 KB
Only an idiot knows with certainty to where the market is going.
  • #1,180,623
  • Aug 26, 2020 7:05pm Aug 26, 2020 7:05pm
Quoting mistaouting
{quote} {image}
"I'm a vampire!!! I'm a vampire!!!!!!
  • #1,180,624
  • Aug 26, 2020 7:12pm Aug 26, 2020 7:12pm
Quoting MrBullBear
{quote} Well, you know me... if it happens, i am already behind you catching pips with you. I anticipate. But I am quick to decide. I follow the PA. {image}
Im not aftaid of you being on the wrong side xD. You a master scalper. I expect me and you to retire early and couple of other fellow traders the way we are trading now...

that being said, you guys cant always expect resistant to hold

this is how I feel right now with you guys going sell... its like transferring money to me xD like how everyone give their energy to create the spirit bomb
Attached Image
Trade what you see, take what the market gives you.
  • #1,180,625
  • Aug 26, 2020 7:14pm Aug 26, 2020 7:14pm
Quoting VuLe
{quote} not this time... it will collect all the sellers here... we will be taking off any moment... and trapping the bears once more
sure hope u r right.
  • #1,180,626
  • Aug 26, 2020 7:17pm Aug 26, 2020 7:17pm
So now that I refreshen my strategy a bit. Will be paying more attention to it. Once I am sure of all the analysis I do and confident, THAN I will be sharing analysis with charts and COT reports.

EURUSD had a bullish run. Take a look at weekly it was doing nothing but going up since May.2020. Now it is at the supply zone mid weekly between 1.17xx - 1.19xx. This here looks like EURUSD is running out of bullish steam, and looking at weekly demand at 1.11xx - 1.12xx the price may reverse and go back there, before deciding to go back up again and all the way to 1.25. So it is crucial now, if it breaks above 1.19xx, it will go further up to 1.20xx and possibly further up to 1.23...24...25.
Looking at COT reports, majority of non-commercials are still in bullish, BUT they took off -6,834 of their long positions and -4,026 of their short.
So looking at the bigger picture, retail are majority selling, that is why we also see non-commercials taking off their shorts position. Once we see majority of retail buying they will push this price down. If we see majority selling, like now, this could push up 1.20xx and more. I will monitor this pair for now, and will make a decision once the opportunity presents itself. So far no positions. Trade safe.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: COT1.png Size: 29 KB
Click to Enlarge Name: EURUSD.....Weekly.png Size: 107 KB
Click to Enlarge Name: EURUSD.....Weekly(2).png Size: 119 KB
  • #1,180,627
  • Aug 26, 2020 7:26pm Aug 26, 2020 7:26pm
Quoting VuLe
{quote} Im not aftaid of you being on the wrong side xD. You a master scalper. I expect me and you to retire early and couple of other fellow traders the way we are trading now... that being said, you guys cant always expect resistant to hold this is how I feel right now with you guys going sell... its like transferring money to me xD like how everyone give their energy to create the spirit bomb {image}
great analogy. spirit bomb. lolol.
  • #1,180,628
  • Aug 26, 2020 7:46pm Aug 26, 2020 7:46pm
When it touched 1.1790, I thought it's going to fail to hard now and will reach 1.1740 at least. I sold there.
Now I am loss of 50 pips...
  • #1,180,629
  • Edited 8:08pm Aug 26, 2020 7:55pm | Edited 8:08pm
i am waiting for my trade to close.

(insert music track here)

doodlie doodlie doo, dadink dadink dadink.
  • #1,180,630
  • Aug 26, 2020 8:14pm Aug 26, 2020 8:14pm
I am defending my positions
  • #1,180,631
  • Aug 26, 2020 8:28pm Aug 26, 2020 8:28pm
if this information is a week old, then why is it useful?

https://www.cftc.gov/dea/futures/deacmesf.htm
  • #1,180,632
  • Aug 26, 2020 8:30pm Aug 26, 2020 8:30pm
Quoting itmehedi
When it touched 1.1790, I thought it's going to fail to hard now and will reach 1.1740 at least. I sold there. Now I am loss of 50 pips...
read my post and tf + PA of today... I did write about it. A good way for you to anticipate and understand spikes.
Trade what you see, take what the market gives you.
  • #1,180,633
  • Aug 26, 2020 8:32pm Aug 26, 2020 8:32pm
AUDNZD sell.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD.....Weekly.png Size: 167 KB
  • #1,180,634
  • Aug 26, 2020 8:35pm Aug 26, 2020 8:35pm
Quoting mistaouting
{quote} looking deeper I had same concept but my channel was different....the red descending{image} channel
I was worried about price breaking the 0% level shown on graph. It may stay range bound between 0% and the low on the NY session. Until feds...
LOCK IN RE-ENTER
  • #1,180,635
  • Aug 26, 2020 8:37pm Aug 26, 2020 8:37pm
Quoting tradecode
if this information is a week old, then why is it useful? https://www.cftc.gov/dea/futures/deacmesf.htm
Here is the video:

Inserted Video


This works better on higher time frames. Like Look at the weekly, daily and 4 hr. When you see on a weekly major turning point, you look down on daily and 4 HR to confirm entries buy/sell.
  • #1,180,636
  • Aug 26, 2020 8:49pm Aug 26, 2020 8:49pm
lots of support to trap the bears. 1827 / 1817 to take out 1880 by end of week
  • #1,180,637
  • Aug 26, 2020 9:04pm Aug 26, 2020 9:04pm
Out at 29, and reversed to buy, I am on your side now
  • #1,180,638
  • Aug 26, 2020 9:15pm Aug 26, 2020 9:15pm
Quoting SashaP
Out at 29, and reversed to buy, I am on your side now
You shall not pass!!!
Only an idiot knows with certainty to where the market is going.
  • #1,180,639
  • Aug 26, 2020 9:18pm Aug 26, 2020 9:18pm
Quoting MrBullBear
{quote} You shall not pass!!!
Aren't u buying but higher? Let me go throw posts
  • #1,180,640
  • Aug 26, 2020 9:20pm Aug 26, 2020 9:20pm
Still holding 44 buy?
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