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  • #1,190,541
  • Feb 9, 2021 11:24am Feb 9, 2021 11:24am
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!
Newbie asking intelligent question! Are u really a newbie
  • #1,190,542
  • Feb 9, 2021 11:48am Feb 9, 2021 11:48am
Quoting Js3mwtRc
{quote} Targets achieved! Last time the drop from 2100 was sharp, see Monday at 1 Feb. We may see some selling pressure here, but it should continue to meet its upper target again.
The move from 2065 to 2116 ended fast, not much movement after the event. Now it is targeting above the highs, but I will not be surprised if, I see it back again below 2050, there is big demand from many traders in this zone (2020/50).
Looking for profitable short term trades ...|
  • #1,190,543
  • Feb 9, 2021 12:07pm Feb 9, 2021 12:07pm
Quoting here2there
{quote} 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...
Absolutely do not use any "currency strength meter" totally useless. That indicator can't track the currency as every broker is different and you can't track it. What you want is price action, or supply/demand, fundamentals and COT reports from institutions because they have billions of $ in play and they are important. What is not important and what we should not do is follow retail traders advice especially about indicators. It is a guaranteed disaster and a loss. So you also said that you think EURUSD going up. That is all you said. Why, what is the reason behind it, what is it on your charts that tells you that EURUSD is going up?

Other thing, if a currency is strong, YES you should buy it and hold it until you decide where to take profit. Same goes if it is weak and you want to sell. If you are on a sideline like you say you are most of the time, you will never make money in trading.
  • #1,190,544
  • Feb 9, 2021 12:36pm Feb 9, 2021 12:36pm
would it make a difference if daily will close above 1.2100 in terms of going up or below of going down ?
  • #1,190,545
  • Feb 9, 2021 1:24pm Feb 9, 2021 1:24pm
Quoting Techanalyst
{quote} 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. {image} {image}

Adding my 2 cents here - I am with techanalist on that.

I am too bearish and for me the pair going up so much was a surprise!!!!

EDIT: However I see a real chance that the pair will go up first to 1.21465.
  • #1,190,546
  • Feb 9, 2021 1:29pm Feb 9, 2021 1:29pm
Attached Image (click to enlarge)
Click to Enlarge Name: 9 feb levels.jpg Size: 271 KB

These were the levels I had on my screen yesterday...

Today I took one day off to cool my head
  • #1,190,547
  • Feb 9, 2021 1:39pm Feb 9, 2021 1:39pm
Quoting ChiForex
{quote} The decisive zone had been taking out favoring the upside, now I see no other than resistance of weekly at 1.2140s
Approaching...
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,190,548
  • Feb 9, 2021 1:50pm Feb 9, 2021 1:50pm
Well.......stoped shorts at 1.21 09 and 13
  • #1,190,549
  • Feb 9, 2021 2:09pm Feb 9, 2021 2:09pm
Quoting Techanalyst
{quote} 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...
And if price hits 1.2275 before your 1.1719 demand zone, will you acknowledge I was right?? Or will you keep disrespecting my assessments with your "expert" info?
I'm prepared to be wrong... Not a problem...
I'll acknowledge it... I don't trust my own assessments enough to keep my skin in the game. I'm like a contrarian trader against my own predictions. But if I'm right, then what are you gonna say??? So far, my 5 calls in a row proved accurate (not always according to my predicted time frame) but always in direction and general price levels.
#1, at 1.231, a few hours before the last 1.234 top, I predicted big long drop. It happened...
#2, same thing at the 1.221 top.
#3, same thing at 1.216, the day before the drop to 1.206
#4, same thing at 1.218 top on Friday and Monday, I called drop to 1.195-1.197. It happened slower than I anticipated it, but it happened...
#5, at the 1.196 bottom I called for price to go up to 1.206-1.208 , then later at 1.204 changed my prediction to possibly even higher to 1.213 before dropping back down and consolidating. So far, so good. Now we'll see how it will consolidate between 1.213 and 1.197 as predicted before shooting back up to 1.2275.
Remember, I'm prepared to be wrong for once... I don't care...
But read my posts and find them to see for yourself that I did call these moves...
Those were the times of inspired calls like no others...
Peace out.
You cannot fail if you never give up.
  • #1,190,550
  • Feb 9, 2021 2:14pm Feb 9, 2021 2:14pm
Quoting 7154Superman
{quote} And if price hits 1.2275 before your 1.1719 demand zone, will you acknowledge I was right?? Or will you keep disrespecting my assessments with your "expert" info? I'm prepared to be wrong... Not a problem... I'll acknowledge it... I don't trust my own assessments enough to keep my skin in the game. I'm like a contrarian trader against my own predictions. But if I'm right, then what are you gonna say??? So far, my 5 calls in a row proved accurate (not always according to my predicted time frame) but always in direction and general price levels....
Attached Image
  • #1,190,551
  • Edited 5:04pm Feb 9, 2021 2:17pm | Edited 5:04pm
Quoting NrSLionHeart
{quote} Adding my 2 cents here - I am with techanalist on that. I am too bearish and for me the pair going up so much was a surprise!!!! EDIT: However I see a real chance that the pair will go up first to 1.21465.
Sure, I agree with you on the short term that price should drop back down to 1.20-1.197 before consolidating for the next leg up, which will be a failed attempt to break the previous 1.234 top, then we'll drop below 1.195 and on down...
The expected time frame is a month or 2, but I have not been consistently accurate with that kind of time frame prediction, but we'll see. It might happen faster...
Also, LionHeart, I'm curious, are you actually profitable in your trading? I see more confessions of losing money from stop losses than otherwise...
Currently, (not including my current underwater short trade at 1.20775, which I will hold) I'm up over 125% ROI in just over 2 months. That's gotta tell you something...
You cannot fail if you never give up.
  • #1,190,552
  • Feb 9, 2021 2:23pm Feb 9, 2021 2:23pm
Quoting 7154Superman
{quote} Sure, I agree with you on the short term that price should drop back down to 1.20-1.197 before consolidating for the next leg up, which will be a failed attempt to break the previous 1.234 top, then we'll drop below 1.195 and on down... The expected time frame is a month or 2, but I have not been consistently accurately with that kind of time frame prediction, but we'll see. It might happen faster... Also, LionHeart, I'm curious, are you actually profitable in your trading? I see more confessions of losing money from stop losses than otherwise......
Month of feb I am at a 200 EUR loss.

Nov, dec, jan I was profitable
  • #1,190,553
  • Feb 9, 2021 2:29pm Feb 9, 2021 2:29pm
Quoting Techanalyst
{quote} {image}
LOLOLOL
You cannot fail if you never give up.
  • #1,190,554
  • Feb 9, 2021 2:36pm Feb 9, 2021 2:36pm
Quoting NrSLionHeart
{quote} Month of feb I am at a 200 EUR loss. Nov, dec, jan I was profitable
Oh, cool! How much total ROI before February? How much total ROI now after your losses are included?
I had some losses during the last half of January. My 126.58% ROI since December 6, 2020 includes those losses. If I can see that others are consistently profitable, then I know they need to be heard...
You cannot fail if you never give up.
  • #1,190,555
  • Edited 4:51pm Feb 9, 2021 2:46pm | Edited 4:51pm
Quoting Techanalyst
{quote} 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...
Yeah, and now you are saying EUR will not reach 1.25 anymore, but will hit 1.1719 first. Well, I got one on you because I called it long before you did... The other week while we were hanging around 1.216 while you were still saying EUR/USD is still long until 1.25. Because of outdated COT reports. But I called short, effective immediately. And would you know, the price immediately dropped from there and has never revisited it since. LOL
So many long term bullish traders got busted on that one...
Including the one who bought at 1.231, aiming for above 1.25 and said he will hold regardless. I haven't heard from him since...
But hey, when it goes back up to 1.25+ later this year, ah, then we'll still be bullish
Even while bears are kicking in at the top.
Oh, hahahaha!!! I'm rolling with laughter....
You cannot fail if you never give up.
  • #1,190,556
  • Feb 9, 2021 3:03pm Feb 9, 2021 3:03pm
Quoting 7154Superman
{quote} Yeah, and now you are saying EUR will not reach 1.25 anymore, but will hit 1.1719 first. Well, I got one on you because I called it long before you did... The other week while we were hanging around 1.216 while you were still saying EUR/USD is still long until 1.25. Because of outdated COT reports. And would you know, the price immediately dropped from there and has never revisited it since. LOL So many long term bullish traders got busted on that one... Including the one who bought at 1.231, aiming...
Your ROI is 125%, sure it is, mine is 800% sure it is too. You have not call anything, you're just guessing, hit or missed. You have no strategy. I held my long since about May,2020 until couple of days ago. For myself, I've done good and held the long for a year. What have you done rookie beside guessing your illusion numbers?
As for COT reports, they are 1000% more accurate than you flapping your mouth here with nonsense. From my experience they bring much more profit than your flapping mouth here with your guessing nonsense.
Attached Image
  • #1,190,557
  • Feb 9, 2021 3:19pm Feb 9, 2021 3:19pm
Quoting energies
{quote} ....hey guys, keep cool, we are here to help each others and have good time...
I don't need his help neither do you. Find your own strategy and stick to it. He is just guessing and talking nonsense with his imaginary numbers and ROI returns of 125% and up. That is my advice to you. Stick to your own strategy and stick to the money management.
  • #1,190,558
  • Feb 9, 2021 3:19pm Feb 9, 2021 3:19pm
Quoting 7154Superman
{quote} Yeah, and now you are saying EUR will not reach 1.25 anymore, but will hit 1.1719 first. Well, I got one on you because I called it long before you did... The other week while we were hanging around 1.216 while you were still saying EUR/USD is still long until 1.25. Because of outdated COT reports. And would you know, the price immediately dropped from there and has never revisited it since. LOL So many long term bullish traders got busted on that one... Including the one who bought at 1.231, aiming...
Don't waste your time. Everyone who disagrees with Techanalyst is obviously wrong. He is the trading guru around here, the only one who has the market figured out. It can be no other way. COT told him so. Lol
Learn from your mistakes and march on.
  • #1,190,559
  • Feb 9, 2021 3:24pm Feb 9, 2021 3:24pm
Quoting 7154Superman
{quote} Oh, cool! How much total ROI before February? How much total ROI now after your losses are included? I had some losses during the last half of January. My 126.58% ROI since December 6, 2020 includes those losses. If I can see that others are consistently profitable, then I know they need to be heard...
Around zero. What I made those months I lost this one.

Let's hope that I recover the loss, we will see at the end of the month. I am more of the scalper type of trader so it is possible...
  • #1,190,560
  • Feb 9, 2021 3:24pm Feb 9, 2021 3:24pm
Quoting here2there
{quote} Don't waste your time. Everyone who disagrees with Techanalyst is obviously wrong. He is the trading guru around here, the only one who has the market figured out. It can be no other way. COT told him so. Lol
Well since you're an expert, why don't you share you charts. Because most of your posts are just bla bla bla bla, this and that nothing to do with trading. It is not about disagrement, is whenever someone points out your mistakes, but do not appreciate your wins. I held my longs since about May,2020, and the price did not get to 1.25 and everyone is here saying techanalyst you are wrong bla bla bla. Typical rookies. Meh I don't care I make very good money month to month, and that is that. Your opinions or disagrements don't mean anything to me. Your problem is you have been here for not sure 2 years and still trying to figure out how to trade. You have no idea how to trade, you're depressed because you don't have a strategy that works. You agree one day with COT for examples and another day you are against it. I think it is time for you to choose another career, and this is not offending you, this is me saying it in a very nice way. Time for a career change, you just don't have what it takes to be a trader/investor.
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