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  • #1,193,421
  • Apr 28, 2021 1:32pm Apr 28, 2021 1:32pm
Quoting MrBullBear
{quote} The question is, what is your basis of identifying "future" direction?
I already answered that question. There is no crystal ball in trading.

I take it day by day, week by week, and month by month.
Learn from your mistakes and march on.
  • #1,193,422
  • Apr 28, 2021 1:36pm Apr 28, 2021 1:36pm
Quoting MrBullBear
{quote} The question is, what is your basis of identifying "future" direction?
take a trade, if positive - you know the future ;; if negative - put your face in a hornets nest
  • #1,193,423
  • Apr 28, 2021 1:38pm Apr 28, 2021 1:38pm
Quoting here2there
{quote} I already answered that question. There is no crystal ball in trading. I take it day by day, week by week, and month by month.
Let me put the question this way... what is your basis entering a trade day by day, week by week, month by month?
Only an idiot knows with certainty to where the market is going.
  • #1,193,424
  • Apr 28, 2021 1:39pm Apr 28, 2021 1:39pm
Quoting MrBullBear
{quote} The question is, what is your basis of identifying "future" direction?
I don't think he knows.
  • #1,193,425
  • Apr 28, 2021 1:41pm Apr 28, 2021 1:41pm
A close above weekly trendline suggest a move further to 1.2500

Cheers folks ~
  • #1,193,426
  • Apr 28, 2021 1:43pm Apr 28, 2021 1:43pm
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 26 KB
  • #1,193,427
  • Apr 28, 2021 1:43pm Apr 28, 2021 1:43pm
Quoting MrBullBear
{quote} Let me put the question this way... what is your basis entering a trade day by day, week by week, month by month?
Sorry, but I am not going to publicize my strategy.
Learn from your mistakes and march on.
  • #1,193,428
  • Apr 28, 2021 1:46pm Apr 28, 2021 1:46pm
Quoting Techanalyst
{quote} I don't think he knows.
He said your COT is useless... I say It's like going in the jungle without a map.
Only an idiot knows with certainty to where the market is going.
  • #1,193,429
  • Apr 28, 2021 1:48pm Apr 28, 2021 1:48pm
Quoting ChiForex
Press your sell button, there's some 50 pip profit move to around 1.2040 first, thank me later.
Hey stupid when is a good time to thank you?
  • #1,193,430
  • Apr 28, 2021 1:49pm Apr 28, 2021 1:49pm
Quoting MrBullBear
{quote} He said your COT is useless... I say It's like going in the jungle without a map.
It's not useless. People have their reasons for using it. I just feel that it's not needed. People have been trading successfully long before the COT report came. And people will continue to trade successfully without it.

Do you believe you can't trade successfully without the COT report?
Learn from your mistakes and march on.
  • #1,193,431
  • Apr 28, 2021 1:52pm Apr 28, 2021 1:52pm
Quoting here2there
{quote} Sorry, but I am not going to publicize my strategy.
No reason to keep it secret... nobody will copy it. I assure you that. Unless you start showing some winning trades to back up that you are a profitable trader.
Only an idiot knows with certainty to where the market is going.
  • #1,193,432
  • Apr 28, 2021 1:58pm Apr 28, 2021 1:58pm
Quoting MrBullBear
{quote} No reason to keep it secret... nobody will copy it. I assure you that. Unless you start showing some winning trades to back up that you are a profitable trader.
So the truth comes out. Your motives for questioning me were not sincere. You were trying to trap me.

As for sharing charts and ideas, would you feel inclined to share winning ideas with people who have been pissing on you?

I have shared enough.

But you can think what you want about me. It really doesn't matter. I am far ahead of where I was a year ago, and I will continue to move forward.
Learn from your mistakes and march on.
  • #1,193,433
  • Apr 28, 2021 2:01pm Apr 28, 2021 2:01pm
Quoting here2there
{quote} It's not useless. People have their reasons for using it. I just feel that it's not needed. People have been trading successfully long before the COT report came. And people will continue to trade successfully without it. Do you believe you can't trade successfully without the COT report?
Of course I can trade without it. But what I am saying is, it is a big factor in identifying future directions. It also gives you a clue when there's a major pullback or a reversal. Though I don't use it in my day/scalping trading, but it's good to know the direction. It helps knowing which side to stay in trade longer or shorter.
Only an idiot knows with certainty to where the market is going.
  • #1,193,434
  • Apr 28, 2021 2:07pm Apr 28, 2021 2:07pm
Quoting here2there
{quote} So the truth comes out. Your motives for questioning me were not sincere. You were trying to trap me. As for sharing charts and ideas, would you feel inclined to share winning ideas with people who have been pissing on you? I have shared enough. But you can think what you want about me. It really doesn't matter. I am far ahead of where I was a year ago, and I will continue to move forward.
You really have a problem with your analysation. I was trying to help you understand COT. Anyways.... good luck.
Only an idiot knows with certainty to where the market is going.
  • #1,193,435
  • Apr 28, 2021 2:07pm Apr 28, 2021 2:07pm
Quoting MrBullBear
{quote} He said your COT is useless... I say It's like going in the jungle without a map.
Ignore anything he says. He is not trading, just trolling here. You see everyone is sharing charts and strategies, he comes here, it is nothing but pages of trolling and complaining and talking nonsense.
  • #1,193,436
  • Apr 28, 2021 2:14pm Apr 28, 2021 2:14pm
Quoting MrBullBear
{quote} ...But what I am saying is, it is a big factor in identifying future directions. It also gives you a clue when there's a major pullback or a reversal. Though I don't use it in my day/scalping trading, but it's good to know the direction. It helps knowing which side to stay in trade longer or shorter.
I get that. And that is Ok for those who use it. But it's not needed. There are other ways to identify the direction of the market, and other ways to know when to get in and out of trades.

For example, I just managed to capitalize on the breakout that took place on EURUSD just a moment ago. Why did I get out in the midst of it? I got out because price broke out of the previous monthly high, which means there is a chance of it being a false breakout. And even if it closes above the previous monthly high, it is highly likely it will pullback. That's where the 4HR entry rule comes into play. Like I said, I take it day by day. I don't need COT.
Learn from your mistakes and march on.
  • #1,193,437
  • Apr 28, 2021 2:16pm Apr 28, 2021 2:16pm
Quoting MrBullBear
{quote} You really have a problem with your analysation. I was trying to help you understand COT. Anyways.... good luck.
Well, then I apologize for misreading your intentions. It's just that after the way you and some other people have treated me in here, it's hard to believe you have good intentions towards me.
Learn from your mistakes and march on.
  • #1,193,438
  • Apr 28, 2021 2:17pm Apr 28, 2021 2:17pm
Quoting here2there
{quote} I get that. And that is Ok for those who use it. But it's not needed. There are other ways to identify the direction of the market, and other ways to know when to get in and out of trades. For example, I just managed to capitalize on the breakout that took place on EURUSD just a moment ago. Why did I get out in the midst of it? I got out because price broke out of the previous monthly high, which means there is a chance of it being a false breakout. And even if it closes above the previous monthly high, it is highly likely it will pullback....
Your example has nothing to do with COT. And COT has nothing to do with what happened in todays PA.
Only an idiot knows with certainty to where the market is going.
  • #1,193,439
  • Apr 28, 2021 2:18pm Apr 28, 2021 2:18pm
Monthly chart plus COT reports show that the price on EURUSD will go higher. Next monthly supply shows that there is a chance for price to get to 1.25. Trade safe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDMonthly.png Size: 90 KB
  • #1,193,440
  • Apr 28, 2021 2:22pm Apr 28, 2021 2:22pm
Quoting MrBullBear
{quote} Your example has nothing to do with COT. And COT has nothing to do with what happened in todays PA.
The point is I don't need COT to trade successfully.
Learn from your mistakes and march on.
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