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  • #1,190,981
  • Feb 21, 2021 12:00pm Feb 21, 2021 12:00pm
Quoting PatienceFx
clearly eu is loosing it so a final trip to 2360 cannot be ruled out before the big drop {image}
and since rsi does not have 0 level keep scratching it lol
  • #1,190,982
  • Feb 21, 2021 12:03pm Feb 21, 2021 12:03pm
Quoting PatienceFx
{quote} and since rsi does not have 0 level keep scratching it lol
something to help itch harder
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  • #1,190,983
  • Feb 21, 2021 12:33pm Feb 21, 2021 12:33pm
Quoting Techanalyst
{quote} Forgot to reply to your comment. COT are saying bullish. I also saw your post sometimes in January,2021, you said that COT are wrong and that GBP was going down. GBPUSD trend on monthly, weekly and daily BULLISH. So say for the new traders and struggling traders here, I'd say every advice you give for now, to ignore it because you were wrong so far. Your retail word vs. institutional traders like non commercials on COT, absolutely does not matter. So what I see, you have no strategy, you are just not even speculating, but pure GUESSING that...
Whoa that was harsh . I agree with you though. Indicators are bullish longer time frames. Trend is bullish, EW setup is bullish. Sometimes the comments posted on this site are just day traders looking to make a quick profit. Many of them really don't know what they're doing. They have no real system or understanding of market dynamics. Or they think they know everything and they just criticize those who disagree with them. But some veteran traders do the same . You will find many of us who have been on here for a long time, 10 years or more, are always close by to guide those people back on track.
  • #1,190,984
  • Edited 2:51pm Feb 21, 2021 2:41pm | Edited 2:51pm
Quoting TaoTrader
{quote} Whoa that was harsh . I agree with you though. Indicators are bullish longer time frames. Trend is bullish, EW setup is bullish. Sometimes the comments posted on this site are just day traders looking to make a quick profit. Many of them really don't know what they're doing. They have no real system or understanding of market dynamics. Or they think they know everything and they just criticize those who disagree with them. But some veteran traders do the same . You will find many of us who have been on...
I understand it is harsh. But he came here, with his fake ego, thinking he knows it all, picking on everyone, so I had to interfere. He's been told and that is that. Trade safe.
  • #1,190,985
  • Feb 21, 2021 3:41pm Feb 21, 2021 3:41pm
Here's my take on the EURUSD, from the technical perspective of a swing trader. The EURUSD market is under an increased bearish pressure. Price action on the daily time frame is disposed northwards. However, it is presently experiencing some bearish resistance as it tackles the 1.21300 horizontal resistance area (magenta) and there a few barriers to a bullish drive nearby. Any bearish rotation will likely target the horizontal support around 1.20300 (sandybrown) initially.

I may be wrong. Trade safe and prosper.

KP

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Do your homework, follow the footprints of smart money
  • #1,190,986
  • Feb 21, 2021 4:35pm Feb 21, 2021 4:35pm
$JY looks bullish to me . Went long with 20 pips SL

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  • #1,190,987
  • Feb 21, 2021 6:23pm Feb 21, 2021 6:23pm
Quoting KeenPips
Here's my take on the EURUSD, from the technical perspective of a swing trader. The EURUSD market is under an increased bearish pressure. Price action on the daily time frame is disposed northwards. However, it is presently experiencing some bearish resistance as it tackles the 1.21300 horizontal resistance area (magenta) and there a few barriers to a bullish drive nearby. Any bearish rotation will likely target the horizontal support around 1.20300 (sandybrown) initially. I may be wrong. Trade safe and prosper. KP {image}
Are you starting with the monthly and weekly time frames for your analysis? I'm a swing trader also and I just looked at all time frames using metatrader. The monthly has a recent double bottom pattern, and I also see a cup with handle pattern. These are bullish signals. The EUR/USD correlates strongly to the GBP/USD, but the EUR pair tends to have distorted chart patterns, and it's often harder to read the candlesticks. The weekly and daily charts are under pressure like you said. The candles are so choppy and sideways that it's unclear right now which direction it's headed. I'd say the market is pausing right now before it decides which way to go. My bias is to the upside. Anyway I agree with everything you said
  • #1,190,988
  • Feb 21, 2021 6:56pm Feb 21, 2021 6:56pm
Quoting corongumet
{quote} In my opinion, COT give me perspective for longterm. I use institutional trader information. But we must open minded abour market. Market was dynamic
Agreed! The market is a living, breathing, organic entity, very dynamic. I'm looking long but everytime you see a pattern or technical or fundamental indicator, someone else is on the other side saying the opposite. The way this pair is moving right now its hard to tell. The bare Candlestick charts are showing clear signals to the upside, but you can turn those patterns upside down and then you have clear signals to the downside. With double/triple tops and double/triple bottoms it gets tricky to interpret what you see LOL.
  • #1,190,990
  • Feb 21, 2021 9:14pm Feb 21, 2021 9:14pm
Quoting Techanalyst
{quote} Watch MrBullBear. He is very good at day trading. Trade safe. You can look him up here. I have not seen him in weeks now but I am sure he will be posting again. You can watch his posts he is very good at day trading. Trade safe.
Thanks I will search for his posts. Does he has youtube channel?
  • #1,190,991
  • Feb 21, 2021 11:19pm Feb 21, 2021 11:19pm
Quoting Techanalyst
{quote} Forgot to reply to your comment. COT are saying bullish. I also saw your post sometimes in January,2021, you said that COT are wrong and that GBP was going down. GBPUSD trend on monthly, weekly and daily BULLISH. So say for the new traders and struggling traders here, I'd say every advice you give for now, to ignore it because you were wrong so far. Your retail word vs. institutional traders like non commercials on COT, absolutely does not matter. So what I see, you have no strategy, you are just not even speculating, but pure GUESSING that...
I don't remember predicting anything about GBP. Show me the quote. Besides, I never said I was right about GBP. And I don't trade GBP. If anything, that was just a pure guess.
But now, I'm putting my money where my mouth is. So, if I'm wrong, I will lose badly. But if I'm right, then I will have no problem making profit, even as a rookie/bad trader.
What if EUR/USD drops down below 1.20 next week before going up to 1.23? Are you still going to say I was wrong? So far, my predictions have been accurate since the 1.234 top. My timing hasn't always been right on, but my predicted near/medium term trend direction and pivot has always been accurate since then.
Right now you are so sure that we are bullish. Yeah, next month, yeah. But what if EUR/USD goes down to 1.1975 first? That's all I need for my prediction to be accurate.
Don't count your chickens before they hatch.
Don't tell me I'm wrong before you see the results.
Because then what if I'm not wrong? I am prepared to be wrong, no problem. But what if I'm not? If my prediction is accurate, then it would be the fifth accurate one in a row. In my opinion, that's impossible for a rookie. But I am a rookie and a terrible trader. Then how the frick am I right all the time?!
The cot report was bullish from the rise up before the recent drop from 1.217 to 1.2025. This week's cot report that you will see later this week will be bearish but by then the Bears will be cashing out and Bulls kicking back in below EUR/USD 1.20.
So, now you see how the COT reports can screw you over during the sideways volatility?
I've seen it happen so many times. What happened last week does not mean the same thing is happening today. Dummer bummer....
You cannot fail if you never give up.
  • #1,190,992
  • Feb 21, 2021 11:27pm Feb 21, 2021 11:27pm
Quoting PatienceFx
{quote} Monday i may buy with 2050 sl
trend is bullish so buy orders taken with 1.22 and 1.2250 tp
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  • #1,190,993
  • Feb 22, 2021 12:02am Feb 22, 2021 12:02am
Quoting PatienceFx
{quote} trend is bullish so buy orders taken with 1.22 and 1.2250 tp {image}
risk on h1
Attached Image
  • #1,190,994
  • Feb 22, 2021 12:12am Feb 22, 2021 12:12am
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$JY Lifted SL to BE ...

Good Day and week , crew.

  • #1,190,995
  • Feb 22, 2021 12:23am Feb 22, 2021 12:23am
Good morning. EU is consolidating after the advance from 2082 low at Friday, support is the last with 2100 below the middle of its Friday low to Monday high range. Above todays high 2169 is next and then 2200. If, we see it going lower from 2082 then 2051 is the target.

Have a great trading week ahead.
Looking for profitable short term trades ...|
  • #1,190,996
  • Feb 22, 2021 12:30am Feb 22, 2021 12:30am
DXY
22.02.21 - 26.02.21 Analysis
No change from previous weeks. Price has hit the liquidity pool. Seeing how price fails to rally higher last week, we might be looking at a deeper penetration into the liquidity pool before rallying this week.
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  • #1,190,997
  • Feb 22, 2021 1:44am Feb 22, 2021 1:44am
Yes, I consider the higher time frames first, starting from MN through W1 and D1. I enter trades on the H1 or M15 depending on market conditions or trade setup.

Stay safe, trade safe.

KP
Quoting TaoTrader
{quote} Are you starting with the monthly and weekly time frames for your analysis?...
Do your homework, follow the footprints of smart money
  • #1,190,998
  • Feb 22, 2021 3:00am Feb 22, 2021 3:00am
Today the pair is kinda confused, but it looks like it wants to go down.

This is for all the bulls out there...
  • #1,190,999
  • Feb 22, 2021 3:10am Feb 22, 2021 3:10am
this forum looks abandoned compared to few years back?
  • #1,191,000
  • Feb 22, 2021 3:12am Feb 22, 2021 3:12am
2092 big support if holds can go straight up from here.
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