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  • #122,261
  • Dec 17, 2020 6:34am Dec 17, 2020 6:34am
Quoting Vincent1
Having fun looking at the book today, it looks like on the top we have some big boys Difference futures fx around 33/34 pips {image}
Interesting stuff. How do you use it? Thanks.
  • #122,262
  • Dec 17, 2020 6:35am Dec 17, 2020 6:35am
Let’s analyze this pair and see where we stand as traders;

I am personally aiming at the 1.2325 as my weekly and monthly target .

Why you might ask? Because that will achieve the ATR for this pair.
Having said that, we now find ourselves with the knowledge that the FED’s remain accommodative(= bullish)and the economy in Europe seems to be improving as the #’s suggested in the last round of reports.(also bullish)
  • #122,263
  • Dec 17, 2020 6:36am Dec 17, 2020 6:36am
Quoting ursinho4711
{quote} --> will remain irrational until we are all broke
Bist Du ein Kölsch Junger
Change is never easy, but always possible
  • #122,264
  • Dec 17, 2020 6:41am Dec 17, 2020 6:41am
Quoting ursinho4711
{quote} --> will remain irrational until we are all broke
That is your choice friend.
Either swim upstream against the current or go with the flow...
  • #122,265
  • Dec 17, 2020 6:42am Dec 17, 2020 6:42am
Quoting Endoephemera
Heavy short 1.22376 TP 30 PiPs SL 6 PiPs
Possible. Divergence with DXY remains.
  • #122,266
  • Dec 17, 2020 6:42am Dec 17, 2020 6:42am
Meanwhile on the M15 chart...

1.2220 is nearest support.. As long as price drifts above the yellow area bulls are good..

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M15-Status-Update.png Size: 34 KB
Focus only on what truly matters!
  • #122,267
  • Dec 17, 2020 6:43am Dec 17, 2020 6:43am
Quoting andvk74
They are already cooking something! On both sides. {image}
I really hope it’s breakfast
  • #122,268
  • Dec 17, 2020 6:47am Dec 17, 2020 6:47am
Quoting Endoephemera
Heavy short 1.22376 TP 30 PiPs SL 6 PiPs
Heavy short?? Explain pls
  • #122,269
  • Dec 17, 2020 6:47am Dec 17, 2020 6:47am
Quoting Ata-Turkoglu
Meanwhile on the M15 chart... 1.2220 is nearest support.. As long as price drifts above the yellow area bulls are good.. Stay Green {image}
Hey Ata, can you please share the resistance level of your upper line?
Another day, another dollar.
  • #122,270
  • Dec 17, 2020 6:50am Dec 17, 2020 6:50am
It looks like they are waiting for this.
It's been in consolidation for 8 hours.
I will only enter LONG.
COT numbers are showing very strong up move, that's why IMO it's dangerous to go against the BIG BOYS.
Attached Image
  • #122,271
  • Dec 17, 2020 6:54am Dec 17, 2020 6:54am
Quoting nic9man
{quote} Hey Ata, can you please share the resistance level of your upper line?
Let's say quarter line resistance sits roughly around 1.22475... and upper edge of channel sits roughly at 1.2279..

*If you ask me personally, next resistance is actually at 1.2255

Stay Green
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M15-Status-Update.png Size: 32 KB
Focus only on what truly matters!
  • #122,272
  • Dec 17, 2020 6:55am Dec 17, 2020 6:55am
Quoting andvk74
{quote} Interesting stuff. How do you use it? Thanks.
I'm not an expert about, I'm still studying the books. I use futures data to get a better technical analysis (COT report)

I thought those 100 contracts were going to be big boys, then I saw 544, and all the contracts were filled in less than a minute
Attached Image


I need to understand when they are institutional, when dialers, and when these can indicate important levels of support resistance. I know there are many great traders who only use the book to trade. It cam be a nice tool
  • #122,273
  • Dec 17, 2020 6:56am Dec 17, 2020 6:56am
finallly managed to take +10
MTF PA with indicators = a winning team
  • #122,274
  • Dec 17, 2020 7:09am Dec 17, 2020 7:09am
Quoting Vincent1
{quote} I'm not an expert about, I'm still studying the books. I use futures data to get a better technical analysis (COT report) I thought those 100 contracts were going to be big boys, then I saw 544, and all the contracts were filled in less than a minute {image} I need to understand when they are institutional, when dialers, and when these can indicate important levels of support resistance. I know there are many great traders who only use the book to trade. It cam be a nice tool
What platform you using?
  • #122,275
  • Dec 17, 2020 7:12am Dec 17, 2020 7:12am
We reached a very important daily zone, but it's not a signal to sell. I'm waiting to see first if D1 can close above.1.22225 first.
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd Daily.png Size: 46 KB
Attached Image
  • #122,276
  • Dec 17, 2020 7:16am Dec 17, 2020 7:16am
The inner wave 5 of the main wave 3 might be completed roughly around 1.2275 and 1.2330.. That is my limit for the wave 3.. Afterwards maybe some stall and sideways pa until bearish wave 4 begins..

Stay Green
Focus only on what truly matters!
  • #122,277
  • Dec 17, 2020 7:16am Dec 17, 2020 7:16am
As of now I'm waiting for more INFO. Market always leaves CLUES. They can't HIDE it because we see all the history what happened before. You just have to understand what to look for.
  • #122,278
  • Dec 17, 2020 7:24am Dec 17, 2020 7:24am
I really wonder, what will this pair do if a New Stimulus Package in the USA is approved?

Where will it go if that 90 level on the DIX is broken because of that stimulus?

When will Brexit be announced and how this pair would react to the outcome?

I guess we got homework to do...
  • #122,279
  • Dec 17, 2020 7:26am Dec 17, 2020 7:26am
Waiting to see a reaction to the news before I react.
I'd like to see a retracement before the next leg UP.
  • #122,280
  • Dec 17, 2020 7:31am Dec 17, 2020 7:31am
Quoting andvk74
Waiting to see a reaction to the news before I react. I'd like to see a retracement before the next leg UP.

That is a sensible way to think
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