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  • #1,190,521
  • Feb 9, 2021 3:49am Feb 9, 2021 3:49am
Recent H=1.21 12............. We are very close to a significant crest and a low in $JY...

  • #1,190,522
  • Feb 9, 2021 4:13am Feb 9, 2021 4:13am
Quoting OhComeOn
Howdy howdy, looks like the daily dip is done forming(Can see on 4h chart) and headed north again. Hitting the 1H as seen in chart. For the newbies, see the Daily chart MA's going up, now look at the 4H MA's going down, that is the dip forming. MA's 50 EMA=Red 100 EMA=Green 240 LWMA=Blue {image} {image} {image}
Closed all 3 positions and TP and 1.2109, going back to bed. Made plenty of profit, not going to be greedy, will re-evaluate in a few hours during NY.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #1,190,523
  • Feb 9, 2021 4:26am Feb 9, 2021 4:26am
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DOW , 5' I am a seller.....

  • #1,190,524
  • Feb 9, 2021 4:28am Feb 9, 2021 4:28am
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$JY 5' I am a buyer...

  • #1,190,525
  • Feb 9, 2021 4:30am Feb 9, 2021 4:30am
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E. 5' I am a seller.....

  • #1,190,526
  • Feb 9, 2021 4:36am Feb 9, 2021 4:36am
BitCoin hit Dollar quiet well and its impacting XXX/USD pairs, we may see more momentum from EU.
Looking for profitable short term trades ...|
  • #1,190,527
  • Feb 9, 2021 6:59am Feb 9, 2021 6:59am
EURUSD M15
Short at the entry zone towards a lower low
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 10Feb21.png Size: 99 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #1,190,528
  • Feb 9, 2021 7:27am Feb 9, 2021 7:27am
Quoting Js3mwtRc
BitCoin hit Dollar quiet well and its impacting XXX/USD pairs, we may see more momentum from EU.
...meanwhile looking at a bitcoin chart I feel it has no value, I felt it more valuable when it was below $10.000.

How do you explain that!
Looking for profitable short term trades ...|
  • #1,190,529
  • Feb 9, 2021 7:44am Feb 9, 2021 7:44am
Quoting Techanalyst
{quote} I was in a buy for months with bullish trend. I thought it would get to 1.25 but it didnt. It reached monthly supply and did not go through. I was on point for months. What bottom are you talking about? We are just turning bearish and cftc reports are confirming that.
We have bottomed out the correction, and will now consolidate, then head back back up to 1.2275-1.234. The COT reports are tricking you!
You cannot fail if you never give up.
  • #1,190,530
  • Feb 9, 2021 8:04am Feb 9, 2021 8:04am
Quoting 7154Superman
{quote} We have bottomed out the correction, and will now consolidate, then head back back up to 1.2275-1.234. The COT reports are tricking you!
The COT report provides some useful information. But like many things in this space, I believe it isn't very helpful because it comes out three days late, and to make matters worse, on a Friday Lol. In short, the COT report, in my opinion, doesn't really give a trader an edge. And yes, it can trick you.
Learn from your mistakes and march on.
  • #1,190,531
  • Feb 9, 2021 8:16am Feb 9, 2021 8:16am
Quoting 7154Superman
{quote} We have bottomed out the correction, and will now consolidate, then head back back up to 1.2275-1.234. The COT reports are tricking you!
Now it is turning and going bearish. Stop guessing and look at the charts especially higher charts. Stop calling these imaginary numbers 1.2275-1.234 does not make sense. EURUSD turned bearish and does not look like it will get to 1.25. COT reports confirm it, with about -21,000 non-commercial took off their long positions. Looking at monthly supply zone has been reached, next demand zone is around 1.1719. That is where the price will go before anywhere else. The only one that is going to be tricked is yourself. Combining COT reports, supply/demand zone and in some cases fundamentals, one of the best combination ever.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDmonthly.png Size: 51 KB
Click to Enlarge Name: EURUSDweekly.png Size: 54 KB
  • #1,190,532
  • Feb 9, 2021 8:39am Feb 9, 2021 8:39am
USD remains weak. Therefore, EURUSD will likely continue to rise higher. How long will this last? I don't know. Time will tell.
Learn from your mistakes and march on.
  • #1,190,533
  • Feb 9, 2021 9:06am Feb 9, 2021 9:06am
Quoting energies
{image}
If only it were that simple.
Learn from your mistakes and march on.
  • #1,190,534
  • Feb 9, 2021 9:43am Feb 9, 2021 9:43am
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$JY 5' Went lower but I keep my position

  • #1,190,535
  • Feb 9, 2021 10:42am Feb 9, 2021 10:42am
Quoting here2there
{quote} If only it were that simple.
Why don't you share your charts and let's see what do you think where EURUSD is going?
  • #1,190,536
  • Feb 9, 2021 10:55am Feb 9, 2021 10:55am
Quoting Techanalyst
{quote} Why don't you share your charts and let's see what do you think where EURUSD is going?
It's going up.
Learn from your mistakes and march on.
  • #1,190,537
  • Feb 9, 2021 11:07am Feb 9, 2021 11:07am
Quoting here2there
USD remains weak. Therefore, EURUSD will likely continue to rise higher. How long will this last? I don't know. Time will tell.
Dear Techanalyst, can u please explain me what convinces you that trend becomes bearish on higher TF ? I am a newbie and would love to learn , many thanks!
  • #1,190,538
  • Feb 9, 2021 11:10am Feb 9, 2021 11:10am
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DOW 5' Stoped shorts at BE........
  • #1,190,539
  • Feb 9, 2021 11:12am Feb 9, 2021 11:12am
Quoting Ziemowit
{quote} Dear Techanalyst, can u please explain me what convinces you that trend becomes bearish on higher TF ? I am a newbie and would love to learn , many thanks!
It has reached supply zone on weekly and monthly, EUR went up due to covid19, and USD had their issues and USD was weak. Now with new president, new politics, in USA, things will start to get better. European Union have their own economic issues for years now and there is just no solution at the moment. Now with brexit issues too that adds on to it. COT reports show that more and more institution traders are taking profits at their long positions, and are adding more short positions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDweekly.png Size: 54 KB
Click to Enlarge Name: EURUSDmonthly.png Size: 51 KB
  • #1,190,540
  • Feb 9, 2021 11:20am Feb 9, 2021 11:20am
Quoting Ziemowit
{quote} Dear Techanalyst, can u please explain me what convinces you that trend becomes bearish on higher TF ? I am a newbie and would love to learn , many thanks!
Use a currency strength meter in combination with price action. It's a less complicated approach to trading and more reliable than the COT report.

Here is a good one: https://fpi.tradingstrategyguides.co...me/?tab=menu1m

Note: it is best to look for strength on the Daily if you use the 4 HR as your main time frame for trading. If your main time frame for trading is the Daily, then look for strength on the Weekly. If the 1 HR, then look for strength on the 4HR.

Do not trade blindly. Just because a currency is strong, it doesn't mean you should jump into a trade. Always wait for price action for clues on what to do. Then trade according to strength.
Learn from your mistakes and march on.
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