EURUSD

x8261 prepare to fight

I was, but im a flipper.... always go to the winning side.

As did I
I'll buy once she breaks a resistance I have

My first time "flipping",

15/5/1

What size is your "stop loss"?

Thanks

I don't have a target. Any decent bullish forming candle will close all my sell for security. We can always get back for more. What direction? Wherever market goes.. cheers!

Will do, thanks!

4hrs closing above 1.1840 is a first sign.

in the video, he says that it is not a problem that this information is old and not current because "most commercial type traders trade long term"..

i suspect that this is an incorrect assumption. even if all transactions from commercial level traders are long term, most likely commercial type transactions happen on a moment by moment basis and therefore these numbers might fluctuate wildly.

are these numbers even accurate? are they manipulated to serve some purpose?

there are way too many maybe's in that messy equation.

I only use m30. A glimpse at daily, and look at weekly once a month.

Are you knew to trading forex? I don't think this is something you are going to learn anytime soon. The numbers come out every Tuesday and institutional traders see it that day who is long or short. We the retail can see it Friday. So for us retail it comes out every Friday at 3:30pm. The numbers are accurate. It gives you a lot of information. Where everyone went long and price goes up. Where you see institutions taking the profits and you can see it on the chart where the currency is losing the steam for example bullish steam and will eventually turn and go down. It is all over the charts and you can compare it with numbers COT. But you have to watch the videos and look for yourself and you will eventually get it. If you ever get it. It is not that complicated, you just have to be patient. Banks and institutions move the money. Supply/demand is the way to go for trading especially on higher timeframes. Institutions are trading based on supply/demand. THAT'S IT. Nothing else. They don't care about the news, we should not trade the news. It is just a reaction, it is not an indicator to let us know where is going. It is going no where. The only economical world events that matter are something like covid-19. Who gets affected the most their economy is going down.

I have AUDNZD sell position on a weekly I posted and attached COT reports and it shows why. Sellers are majority and more added sell positions. I will take that information and use it with my supply/demand analysis. Let's see how it plays out.

Imbalances between buyers and sellers or in supply and demand cause price changes in FX markets. If those imbalances persist, then they can form either an upward or downward trend.


The Bottom Line:
The forex market is ultimately driven by economic factors that impact the value and strength of a nation's currency. The economic outlook for a country has the most influence on the value of its currency. Knowing the factors and indicators to watch will help you keep pace in the competitive and fast-moving world of forex.

The bottom line is we the retail traders should not care about the news. We can't predict it, we can't know what is going to happen. When it comes to news trading it is pure guessing/gambling. That's it. I don't care what anyone can claim and say they know the news, so on, they do not. No one knows, it is a gambling and guessing trading the news. When it comes to covid-19, we are not guessing the news, as the event happened, the economy slowed down in this case as an example, USD was bearish and was getting hit hard because they did not handle it properly and their economy and people payed the price. As for the supply/demand imbalances it is not a guessing strategy, it is a strategy where it is explained above. There is nothing more I can do for you or explain it in any simple way. Either you will get it or you will not.Trade safe.

All sell orders are now close for profit security. Will strike again when I see a chance.

good morning

1.1840 is a weekly resistance. Today's close below this, I don't expect market to make new high for this week.

This is my view, hopefully.

1.1851 is resistance. Above 1.1850, all are bears territory. I'll sell it as high as possible. Meaning, wait for the market to drop below 1.1815 on 4hrs. In this case the high would be W - 1.1840 and sell the RETRACEMENT. or if the moves above 1.1870, I'd still wait for move below 1.1849 and sell it.
It's still a downwards movement. Ths stretched daily chart shows clearly.

I wish you well but that is not how I trade. But I hope you are right in your analysis.

hey patience, what are those numbers on the top/right of your chart image? the 5.6, 5.1, etc?

thanks.

power

bullbea r the W P can play spoilsport yet again

but 3 attacks at WP is a very bullish idea