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EURUSD

  • #1,193,401
  • Apr 28, 2021 4:41am Apr 28, 2021 4:41am
Price has stuck below the open of the week. Monday was a failure. If, this keeps greading lower then we have to see 2000 again.

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  • #1,193,402
  • Apr 28, 2021 5:30am Apr 28, 2021 5:30am
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IF it moves higher I have SL at 89 .....[ ~ BE ]

IF it moves lower I have standing order to sell again at 55

  • #1,193,403
  • Apr 28, 2021 5:50am Apr 28, 2021 5:50am
Remember all option opened!
  • #1,193,404
  • Apr 28, 2021 6:09am Apr 28, 2021 6:09am
I;m waiting EU to drop .....
it's agonising ......

while US 10 Y is rising steadily .....

Those COT long EUR didnt get the memo ?
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  • #1,193,405
  • Apr 28, 2021 6:37am Apr 28, 2021 6:37am
Quoting paogeh
I;m waiting EU to drop ..... it's agonising ...... while US 10 Y is rising steadily ..... Those COT long EUR didnt get the memo ? {image}
Buyers think that the uptrend in yields will not have too much affect in EURUSD price, so they keep buying. These are long term traders.
Looking for profitable short term trades ...|
  • #1,193,406
  • Apr 28, 2021 6:43am Apr 28, 2021 6:43am
Quoting Guler
Is it possible? {image}
I think it will not drop quit position
  • #1,193,407
  • Apr 28, 2021 7:34am Apr 28, 2021 7:34am
Quoting paogeh
I;m waiting EU to drop ..... it's agonising ...... while US 10 Y is rising steadily ..... Those COT long EUR didnt get the memo ? {image}
Last week I was convinced it would drop, this week I am not taking any chances, I closed everything and now I'm waiting.
  • #1,193,408
  • Apr 28, 2021 9:00am Apr 28, 2021 9:00am
Quoting Js3mwtRc
EUR is well correlated with CHF {image} https://finviz.com/forex_performance.ashx
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Only an idiot knows with certainty to where the market is going.
  • #1,193,409
  • Apr 28, 2021 9:21am Apr 28, 2021 9:21am
Quoting MrBullBear
{quote} {image}
I like the nicknames in this post!
Looking for profitable short term trades ...|
  • #1,193,410
  • Apr 28, 2021 10:58am Apr 28, 2021 10:58am
THIS template helped me understand how to use the cot data in the real way
what happened was pure accumulation before next move and i got misguided
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  • #1,193,411
  • Apr 28, 2021 11:02am Apr 28, 2021 11:02am
Quoting PatienceFx
THIS template helped me understand how to use the cot data in the real way what happened was pure accumulation before next move and i got misguided {image}
It's all about supply/demand. Institutions tricked everyone into selling, and now the price is going further up. They are doing this all the time, you just have to learn how to spot it. Trade safe.
  • #1,193,412
  • Apr 28, 2021 11:14am Apr 28, 2021 11:14am
Quoting Js3mwtRc
Ranging between 2060/90 {image}
2060 level holded finally after many attemts to break. Now 2090 should hold, or we may see it down again.

FOMC is near.
Looking for profitable short term trades ...|
  • #1,193,413
  • Apr 28, 2021 11:15am Apr 28, 2021 11:15am
Now= 1.20 96 It can go higher , sure... My SL at 89 was hit. I am flat .

but I still have my selling orders at 1.20 55 ON STOP ...

  • #1,193,414
  • Apr 28, 2021 11:15am Apr 28, 2021 11:15am
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  • #1,193,415
  • Apr 28, 2021 11:57am Apr 28, 2021 11:57am
Quoting Techanalyst
{quote} It's all about supply/demand. Institutions tricked everyone into selling, and now the price is going further up. They are doing this all the time, you just have to learn how to spot it. Trade safe.
It's expected to go up because it is clearly in a strong uptrend on the Daily. Until a lower high is made on the Daily, the bias remains bullish. The reason why a lot of traders miss this is because they are stuck on lower time frames. They are not seeing the bigger picture, which can clearly be seen on higher time frames, such as the Daily, Weekly, and Monthly. COT is not needed to figure this out.

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Learn from your mistakes and march on.
  • #1,193,416
  • Apr 28, 2021 12:11pm Apr 28, 2021 12:11pm
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  • #1,193,417
  • Apr 28, 2021 12:23pm Apr 28, 2021 12:23pm
Quoting PatienceFx
{image}
  • #1,193,418
  • Apr 28, 2021 12:51pm Apr 28, 2021 12:51pm
Quoting here2there
{quote} It's expected to go up because it is clearly in a strong uptrend on the Daily. Until a lower high is made on the Daily, the bias remains bullish. The reason why a lot of traders miss this is because they are stuck on lower time frames. They are not seeing the bigger picture, which can clearly be seen on higher time frames, such as the Daily, Weekly, and Monthly. COT is not needed to figure this out. {image}
It is expected to go up because higher time frame say so? Well, what you see in any time frame are after the fact direction. It is the history of price action. How about for the future direction? What would be your basis other than just looking on higher time frame?
Only an idiot knows with certainty to where the market is going.
  • #1,193,419
  • Apr 28, 2021 1:17pm Apr 28, 2021 1:17pm
Quoting MrBullBear
{quote} It is expected to go up because higher time frame say so? Well, what you see in any time frame are after the fact direction. It is the history of price action. How about for the future direction? What would be your basis other than just looking on higher time frame?
In saying a thing is expected to do something, is not the same as saying it will do that thing.

There is no crystal ball in trading. Traders deal in probabilities. Smart traders move in the direction of the highest probability. For example, if the Daily shows that a currency pair is trending strongly in a certain direction, then it makes sense to drop down to the 4HR and wait for a trading setup to occur to get on board and move with the trend. If the pair stops trending, then there are other pairs to choose from.

I choose to trade with the trend, not against it.
Learn from your mistakes and march on.
  • #1,193,420
  • Apr 28, 2021 1:24pm Apr 28, 2021 1:24pm
Quoting here2there
{quote} In saying a thing is expected to do something, is not the same as saying it will do that thing. There is no crystal ball in trading. Traders deal in probabilities. Smart traders move in the direction of the highest probability. For example, if the Daily shows that a currency pair is trending strongly in a certain direction, then it makes sense to drop down to the 4HR and wait for a trading setup to occur to get on board and move with the trend. If the pair stops trending, then there are other pairs to choose from. I choose to trade with...
The question is, what is your basis of identifying "future" direction?
Only an idiot knows with certainty to where the market is going.
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