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EURUSD

  • #1,194,141
  • May 13, 2021 8:07am May 13, 2021 8:07am
I have decided to go long. There are a number of reasons why I have made this decision. Could it go lower? Yes. But for me, it's about getting the best possible price based on the information displayed on the chart (including fundamentals). Based on the information I have seen, it appears to me this is a good time for me to buy. If it goes lower, I will add to my position.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 29 KB

This is not financial advice. It's for educational purposes only.
Learn from your mistakes and march on.
  • #1,194,142
  • May 13, 2021 8:44am May 13, 2021 8:44am
Quoting here2there
I have decided to go long. There are a number of reasons why I have made this decision. Could it go lower? Yes. But for me, it's about getting the best possible price based on the information displayed on the chart (including fundamentals). Based on the information I have seen, it appears to me this is a good time for me to buy. If it goes lower, I will add to my position. {image} This is not financial advice. It's for educational purposes only.
.......THIS IS FINANCIAL ADVICE.......iT IS NOT FOR EDUCATIONAL PURPOSES ONLY .....

  • #1,194,143
  • May 13, 2021 8:53am May 13, 2021 8:53am
Quoting F.g
{quote} .......THIS IS FINANCIAL ADVICE.......iT IS NOT FOR EDUCATIONAL PURPOSES ONLY .....
It's only financial advice if you tell people to buy/invest, hold, or sell. I didn't do that. Therefore, it's not financial advice.
Learn from your mistakes and march on.
  • #1,194,144
  • May 13, 2021 9:05am May 13, 2021 9:05am
I closed out half of my position and moved my stop loss to break even. Adding to my position on a pullback is still part of my plan. If it hits my stop loss, I walk away with profit and no loss and can still open another long position at a reasonable price.
Learn from your mistakes and march on.
  • #1,194,145
  • May 13, 2021 9:13am May 13, 2021 9:13am
what happened to COT buyers ?
  • #1,194,146
  • May 13, 2021 9:16am May 13, 2021 9:16am
Quoting PatienceFx
what happened to COT buyers ?
Like I said earlier, hedge fund traders are morons...buying the tops, selling the bottoms...this week they were buying the high above 2170...when EU drops some more, they will be selling the bottom. Banks are the smart money...hedge funds are dumb money.
Everyone can see the chart, but only a few can actually read it.
  • #1,194,147
  • May 13, 2021 9:18am May 13, 2021 9:18am
Quoting PatienceFx
what happened to COT buyers ?
Market makers are dealing with massive amounts of money, and can only move so much of it at a time. They use a combination of buying and selling to move the market in their desired direction, and thus they fill their orders in preparation for the bigger move.
Learn from your mistakes and march on.
  • #1,194,148
  • May 13, 2021 9:27am May 13, 2021 9:27am
Quoting PatienceFx
what happened to COT buyers ?
Nothing happened, they are still in majority of buy positions. This is Market Makers playing and taking profit, nothing new. Same old game, and retail falls for it everytime. More longs will be added.
  • #1,194,149
  • May 13, 2021 9:43am May 13, 2021 9:43am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 39 KB
Learn from your mistakes and march on.
  • #1,194,150
  • May 13, 2021 9:54am May 13, 2021 9:54am
If you are trading USD pairs, then do yourself a big favor and pay attention to what is happening on the DXY chart!

Attached Image (click to enlarge)
Click to Enlarge Name: USDX.png Size: 52 KB
Learn from your mistakes and march on.
  • #1,194,151
  • May 13, 2021 10:06am May 13, 2021 10:06am
Quoting here2there
If you are trading USD pairs, then do yourself a big favor and pay attention to what is happening on the DXY chart! {image}
umm, if you take a look at EURUSD daily chart you should see a similar pattern
  • #1,194,152
  • May 13, 2021 10:11am May 13, 2021 10:11am
Quoting grandia
{quote} umm, if you take a look at EURUSD daily chart you should see a similar pattern
umm, you are apparently missing the point and have learned nothing.
Learn from your mistakes and march on.
  • #1,194,153
  • May 13, 2021 10:19am May 13, 2021 10:19am
Quoting here2there
If you are trading USD pairs, then do yourself a big favor and pay attention to what is happening on the DXY chart! {image}
This is some legit pro tip I wish I was given sooner
I found out about this when I blew my $10,000 demo account with $2000 loss and it just opened my third eye when I saw the DXY chart next to golds chart LOL
TESTING MY STRATEGIES...
  • #1,194,154
  • May 13, 2021 10:26am May 13, 2021 10:26am
Quoting here2there
{quote} umm, you are apparently missing the point and have learned nothing.
so what's happening on DXY chart?
  • #1,194,155
  • May 13, 2021 10:48am May 13, 2021 10:48am
Quoting grandia
{quote} so what's happening on DXY chart?
Your attitude sucks. Do your own research.

Here's some advice: Next time, ask questions for clarity instead of pissing on a person's generosity.
Learn from your mistakes and march on.
  • #1,194,156
  • May 13, 2021 10:51am May 13, 2021 10:51am
Quoting here2there
If you are trading USD pairs, then do yourself a big favor and pay attention to what is happening on the DXY chart! {image}
Technical will be ignored this time I think, due to CPI and other data it's possible to rise to 91.200.
  • #1,194,157
  • May 13, 2021 10:57am May 13, 2021 10:57am
Quoting MasMadk
{quote} Technical will be ignored this time I think, due to CPI and other data it's possible to rise to 91.200.
The DXY gives us clues for USD pairs. Look for supply and demand zones on the DXY and see how price reacts to them. Candlestick patterns are important here. Key areas of support and resistance can be found on the nearest inside bar that has not been tested.
Learn from your mistakes and march on.
  • #1,194,158
  • May 13, 2021 11:00am May 13, 2021 11:00am
Quoting here2there
{quote} Your attitude sucks. Do your own research. Here's some advice: Next time, ask questions for clarity instead of pissing on a person's generosity.
Woa chill bro. When did I ever piss on someone's generosity?
  • #1,194,159
  • May 13, 2021 11:12am May 13, 2021 11:12am
Attached Image (click to enlarge)
Click to Enlarge Name: 0d53e5ffbde010d8ef9b73ecc74279b1.png Size: 213 KB

3 longs , 2 SLs......

  • #1,194,160
  • May 13, 2021 11:20am May 13, 2021 11:20am
Quoting grandia
{quote} Woa chill bro. When did I ever piss on someone's generosity?
When did you ever piss on someone's generosity?
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