EURUSD

Quoting paogeh

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{quote} EU short. waiting for EU to drop. the reasons: 1. COVID getting worse --See INDIA cases 2. US 10Y yield rising --> back in March , similar case , EU drop like rock .

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Quoting paogeh

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{quote} From deep RED negative USD3000 now postive. Hold the line .... paying off. {image}

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Quoting Dinamicpips

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{quote} I know you've waited all week for this. Glad you've make it . What account leverage you have ?

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Quoting paogeh

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{quote} Thanks for noticing . I;m using IC Market , default 1:500 initally ..... no plan to short but my place and forgot 1.01 lot sell limit at 1.2000 got triggered ..... and thus , i have hold ~2 weeks . Now , i have 2 main orders : 1.01 at 1.2000 ===> TP ==> 1.1900 1.01 at 1.2060 ===> TP ==> 1.1900 average price @1.2030 ===> 1.1900 == >130 pip xUSD20 = USD2600 profit (planned ) *other 0.05 ---> several of them . just let them run their course to hit TP .

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Quoting Dinamicpips

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{quote} Same leverage here but I'm killing it mainly on gold . All may month will be about Dixy getting up and up . 1900 is on radar here as well. {image}

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Quoting Techanalyst

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COT reports are out. More buy positions are added. So will be looking to open buy positions next week. Today is Friday and everythign is expected. The price pushed down to 1.2024 daily demand zone. Good opportunity to enter long, but will wait forc onfirmation next week on Monday. Trade safe. {image} {image}

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Quoting Techanalyst

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{quote} No, it is useful for longer term. You mean 1.0800 - 1.13xx... COT history shows clearly that institutions were adding long positions and there were more longs than short positions, just like now. So, longer term COT works. And you are wrong that institutions were mostly short, no they were not. I'll attach COT history from April/21/2020 to July/07/2020 and you will see that institutions majority were long. And compare that to weekly or monthly charts, and you will see that it works. https://www.cftc.gov/sites/default/f...mesf042120.htm...

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Quoting OnlineAddict

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{quote} But again...that is an old report...those are buy positions that were added before FED...and then they cashed out. Next target is 1830. Hopefully it will go up to 2060-80 next week, to re-add shorts.

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Quoting Techanalyst

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{quote} No, institutions trade and hold positions anywhere from 1-3 months and longer buy/sell. That is how they make money. They use fundamentals and apply it on the charts where they either buy/sell positions. They hold from there and add more positions. They trade multiple equities not just one currency pair or one stock. When they decide to take the profit, they calculate wins and losses. Even if they have more losses and that is if, overall, if their winners are much bigger than losses, they still made money. So in simple explanation, let's...

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Quoting OnlineAddict

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{quote} Remember few years back when EU was topping between 2300-2500 for a long time? Hedge funds were crazy long on euro back then...and then it dropped almost 2000 pips...thats not "smart money" to me. So COT can be one thing to consider when trading, but definitely not the holy grail. The thing is...if you trade without leverage, with billions...you couldn't care less about a 500 pip drawdown...thats 5% floating loss...so even if all big players were long now...if it drops to 1800, 1600 or even lower, they just add longs...no big deal...but...

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Quoting Techanalyst

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{quote} No, I do not remember that. I am looking all the way back to September.2014, and all I find in COT reports is major institutions were in sell position, and the chart shows that EURUSD was going bearish. So you will have to dig around and show here what do you mean by that. Just saying "few years back" doesn't tell us anything. So here is website of COT historical viewable and if you want show us where were they long in majority while the market was going totally opposite. https://www.cftc.gov/MarketReports/C...able/index.htm...

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Quoting OnlineAddict

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{quote} The thing is...I personally know one big hedge fund...I know the owner...and from seing how they operate, I wouldn't give them $10 to invest for me. They are complete morons, no idea whats happening on the market or why, 90% of the staff there are telemarketers, calling people and trying to get their money, the rest are traders who are pretty much just betting and their main job is to spend time with the wealthy clients, to be their friends, because many rich people go there just to have some company, like guys who go to prostitutes...to...

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Quoting Techanalyst

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{quote} Yeah, no,that is not how they work. They are not morons at all, that is why the institutions gave them the access to millions and billions of dollars to trade. They know what they are doing, they have better computer systems, they have quicker access to worldwide economics, and they get information fast within second. But all that on the side, I have proven my point that COT reports are a very good and useful tool especially for traders that want to hold positions for weeks and months. What I would like to see is proof, where COT reports...

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