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  • #1,194,861
  • May 28, 2021 1:54am May 28, 2021 1:54am
Quoting PatienceFx
{quote} COT is submitted to CFTC on Tuesday == which means trading activity Tuesday to Tuesday but made public on Fridays so this means my COT week open is Tuesday NY open time to next Tuesday NY open time == a fibonacci using this method will give better results
Tuesday NY Open till next Monday NY Close

this will line up your Fibonacci levels with COT time
  • #1,194,862
  • May 28, 2021 2:09am May 28, 2021 2:09am
Quoting PatienceFx
{quote} COT is submitted to CFTC on Tuesday == which means trading activity Tuesday to Tuesday but made public on Fridays so this means my COT week open is Tuesday NY open time to next Tuesday NY open time == a fibonacci using this method will give better results
What better results! There are no results to compare, but we can compare other strategies. What strategy is in this case worst from your method here? Show me I can find conflunece with my methods.
Looking for profitable short term trades ...|
  • #1,194,863
  • Edited 3:16am May 28, 2021 2:20am | Edited 3:16am

  1. indicator depends on historical price
  2. volume is how many ticks moved in a bar

so technical analysis is basically reading history

indicators is like going on a blind date where you meet an elephant who throws you in a well, covers it n sits on it saying we are happily married

  • #1,194,864
  • May 28, 2021 2:27am May 28, 2021 2:27am
Quoting PatienceFx
{quote} indicator depends on historical price volume is how many ticks moved in a bar so technical analysis is basically reading history indicators is like going on a blind date where you meet an elephant who throws you in a well, covers it n sits on it saying we are happily married
hmm that strategy did not work , lets find another way to trade
  • #1,194,865
  • May 28, 2021 3:03am May 28, 2021 3:03am
we're supposed to drop, but it's Friday and the market has cut lower.
We're likely going back up a bit. But just how high I am not sure.
It can only find liquidity near yesterday's high.
  • #1,194,866
  • May 28, 2021 3:06am May 28, 2021 3:06am
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Longed here with SL at 21 70

  • #1,194,867
  • May 28, 2021 3:20am May 28, 2021 3:20am
Quoting PatienceFx
{quote} indicators is like going on a blind date where you meet an elephant who throws you in a well, covers it n sits on it saying we are happily married


I don't totally agree, but using simple tools only is not the right path for a trader who want to make money in the long run. The fibonacci retracement levels is a tool I use only on bigger timeframes and some times moving averages, but both only for observance, I don't like to get in a trade, only because the price touched a level, I want to see more data that stand my view.
Looking for profitable short term trades ...|
  • #1,194,868
  • Edited 4:45am May 28, 2021 3:34am | Edited 4:45am
We are in a bearish market intraday yet, these too bars on 30 min. doesn't convince me and the price makes lower lows yet. We have to take out 2215 so we can see a neutral/bullish price action.

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I edit this post

USD is the king in the crypto world...

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...but in other world (XXXUSD) is ranging against EUR.

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EURUSD drop is, because end of Months flows.

Source: https://finviz.com
Looking for profitable short term trades ...|
  • #1,194,869
  • May 28, 2021 4:48am May 28, 2021 4:48am
Won't see any new lows being made this session, but next session change over I hope we do.
  • #1,194,870
  • May 28, 2021 5:12am May 28, 2021 5:12am
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A break of 121.70 won't be innocent in my eyes.....I will reverse to short in that event ..... Patience

  • #1,194,871
  • May 28, 2021 5:56am May 28, 2021 5:56am
It is Friday and almost end of the month. Institutions will take off some profits.
  • #1,194,872
  • May 28, 2021 6:47am May 28, 2021 6:47am
Just a bit more now and we'll take out the bottom edge of the pre-trend range.
Up in some significant profit this time - unlike yesterday.
  • #1,194,873
  • Edited 7:12am May 28, 2021 6:52am | Edited 7:12am
Quoting Js3mwtRc
We are in a bearish market intraday yet, these too bars on 30 min. doesn't convince me and the price makes lower lows yet. We have to take out 2215 so we can see a neutral/bullish price action. {image} I edit this post USD is the king in the crypto world... {image} ...but in other world (XXXUSD) is ranging against EUR. {image} EURUSD drop is, because end of Months flows. Source: https://finviz.com
At break even now

Edit: out of this trade, news time near, Monday is Bank holiday on London and US.

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Looking for profitable short term trades ...|
  • #1,194,874
  • May 28, 2021 7:42am May 28, 2021 7:42am
I am considering whether to open a short now or on Monday, so I wouldn't have an open position during the weekend.
  • #1,194,875
  • May 28, 2021 8:28am May 28, 2021 8:28am
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Daily....That s a huge A -B ... I ll let you guess where C will be..... Loudly, pls.

1. 14 ...1.15..... 1.16 ... 1.17 ...???

  • #1,194,876
  • May 28, 2021 8:30am May 28, 2021 8:30am
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A close up, to enjoy the beauty of the wave formation....

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  • #1,194,877
  • May 28, 2021 8:32am May 28, 2021 8:32am
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Hourly... to see the cliff.......

  • #1,194,878
  • May 28, 2021 8:39am May 28, 2021 8:39am
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5' - to see the bull-trap in the European session....

  • #1,194,879
  • May 28, 2021 9:12am May 28, 2021 9:12am
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SL at 1.21 914 just in case I am wrong...........................

  • #1,194,880
  • May 28, 2021 9:15am May 28, 2021 9:15am
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JY 5' A short here with SL just above recent H.

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