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  • #1,193,141
  • Apr 23, 2021 10:03pm Apr 23, 2021 10:03pm
Quoting Techanalyst
COT reports are out. More long positions are added, and more sell positions are taken off. EURUSD bullish. Added one long position, will add more next week. Trade safe. {image}
what is commercial, non commercial
  • #1,193,142
  • Apr 24, 2021 2:16am Apr 24, 2021 2:16am
Quoting Techanalyst
COT reports are out. More long positions are added, and more sell positions are taken off. EURUSD bullish. Added one long position, will add more next week. Trade safe. {image}
Not saying that it would change but do you know that interest can flip with a phone call ?! The added removed and vice versa.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #1,193,143
  • Apr 24, 2021 3:26am Apr 24, 2021 3:26am
It rallied to 1.2100. Any thoughts on how high it may rally?
  • #1,193,144
  • Apr 24, 2021 3:37am Apr 24, 2021 3:37am
Quoting cuchuflito
{quote} It is not random, it is Big Boys game. They make it look random, they induce moves, create spikes, trigger indies, then run stops and fly fueled by retailer meat. Day in day out. The challenge is to be able to "read" their hand. Granted, easier said than done. It is the name of the game these days brother.
Not really

There are times when the big players are doing nothing, price becomes random for short periods when their EA's are turned off.
Then there is periods of structure which are the times when Big players are controlling the order books, we see price respond to support and demand during this period.

No doubt the times you like to trade is when the big players lose control to their opponents and price runs hard. There is someone more powerful then Big Players.

To read their hand requires either pattern trading or in my case, studying liquidity imbalances.
Trading thin liquidity at the boundary of the charts
  • #1,193,145
  • Apr 24, 2021 5:40am Apr 24, 2021 5:40am
Quoting ChiForex
{quote} Not saying that it would change but do you know that interest can flip with a phone call ?! The added removed and vice versa.
No, they don't do phones like that anymore. They do not flip just over a phone call. Institutions add their positions and hold it for weeks, months and years. They do not trade on a 1 or 5 minute charts, they usually look at the daily, weekly, monthly, yearly charts. They add positions, and same goes if they are planning to sell. Market Makers do trade o lower time frames, and they are the ones hunting stop losses. But they do not hunt stop losses for 20+ pips. They do hunt stop losses about 5 to 10 pips and that is that. But because they have a very large capital, 5-10 pips for them they make millions on it.

The forex market doesn’t have a volume indicator, as a result. By tracking the currency and commodity futures allocations by large institutions and smaller speculators, traders can use the COT report as a volume indicator.

Some of the biggest global companies, who have access to real-time economic data, come to the futures markets to hedge their exposure to raw material price fluctuations. Forex traders can find this data useful in gauging the positioning of the market at a certain time.
Also, the report is useful for determining long term strategies, due to its lagging nature. It gives updates regarding the previous weeks’ positions, rather than just for a few days.

Pay attention to Non-commercial, because they are hedge-funds, large speculators and institutions.
  • #1,193,146
  • Apr 24, 2021 5:44am Apr 24, 2021 5:44am
Quoting PatienceFx
{quote} what is commercial, non commercial
Only pay attention to non-commercial.
  • #1,193,147
  • Apr 24, 2021 6:51am Apr 24, 2021 6:51am
Quoting RickM
{quote}To read their hand requires either pattern trading or in my case, studying liquidity imbalances.
if you dont mind could i have some insight on imbalance studies?
be a thinker before being a reacter
  • #1,193,148
  • Apr 24, 2021 7:13am Apr 24, 2021 7:13am
Quoting Techanalyst
{quote} No, they don't do phones like that anymore. They do not flip just over a phone call. Institutions add their positions and hold it for weeks, months and years. They do not trade on a 1 or 5 minute charts, they usually look at the daily, weekly, monthly, yearly charts. They add positions, and same goes if they are planning to sell. Market Makers do trade o lower time frames, and they are the ones hunting stop losses. But they do not hunt stop losses for 20+ pips. They do hunt stop losses about 5 to 10 pips and that is that. But because they...
Depends if you want a sense of volume for the current market. Futures volume can tell us what density we are trading right now within the current cluster.
We can get some signals their directly but they don't offer us a hint of the bigger picture unfortunately.

What this density signals do tell us is Stop hunting is a myth as localized passive limit orders are only a small part of total volume that mainly comes from aggressive market orders.
Trading thin liquidity at the boundary of the charts
  • #1,193,149
  • Apr 24, 2021 7:14am Apr 24, 2021 7:14am
Quoting Techanalyst
{quote} USDJPY turning bearish. It has reached monthly supply zone again. {image} {image}
as the majority had a jpy short position.
usd / jpy should have risen.
????
  • #1,193,150
  • Apr 24, 2021 7:22am Apr 24, 2021 7:22am
Quoting tiborf71
{quote} as the majority had a jpy short position. usd / jpy should have risen. ????
JPY majority institutions are still short. USDJPY is bearish. It should get to monthly demand zone @ 103.XXX.
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  • #1,193,151
  • Apr 24, 2021 7:27am Apr 24, 2021 7:27am
Quoting Techanalyst
{quote} Only pay attention to non-commercial.
how does this cot translate on UJ, what do you think will happen next
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  • #1,193,152
  • Apr 24, 2021 7:33am Apr 24, 2021 7:33am
it should rise according to up, paper form.
???????
  • #1,193,153
  • Apr 24, 2021 7:34am Apr 24, 2021 7:34am
Quoting PatienceFx
{quote} how does this cot translate on UJ, what do you think will happen next {image} {image}
Refer to my post above #1,193,157.
  • #1,193,154
  • Apr 24, 2021 7:48am Apr 24, 2021 7:48am
i can't interpret the cot reports if you don't follow the price forecasts.
  • #1,193,155
  • Apr 24, 2021 8:02am Apr 24, 2021 8:02am
Quoting tiborf71
i can't interpret the cot reports if you don't follow the price forecasts.
I understand, a lot of traders have no clue how to use COT reports. Yet it is very simple. If you can't use COT reports, well just stay away from it.
  • #1,193,156
  • Apr 24, 2021 9:15pm Apr 24, 2021 9:15pm
Quoting Techanalyst
{quote} I understand, a lot of traders have no clue how to use COT reports. Yet it is very simple. If you can't use COT reports, well just stay away from it.
thanks
  • #1,193,157
  • Apr 24, 2021 10:51pm Apr 24, 2021 10:51pm
Quoting Techanalyst
{quote} Refer to my post above #1,193,157.
I will hold longs with 1.25 target and buy dips
  • #1,193,158
  • Apr 24, 2021 11:13pm Apr 24, 2021 11:13pm
FOR NEXT WEEK
it could change according price action
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ZOOM
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  • #1,193,159
  • Apr 24, 2021 11:42pm Apr 24, 2021 11:42pm
Weekly view
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  • #1,193,160
  • Apr 25, 2021 2:19am Apr 25, 2021 2:19am
EURUSD
Entering into sideways action of a correction wave b ........ soon.
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