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  • #1,196,561
  • Jun 27, 2021 3:28pm Jun 27, 2021 3:28pm
I considered joining this thread, but there is so much conflict in here, I would rather move to another thread. I assume you're all adults who have one thing in common (at least) which is to contribute ideas and knowledge to become a better trader but it seems not to be.
  • #1,196,562
  • Jun 27, 2021 3:29pm Jun 27, 2021 3:29pm
The EURUSD market is still technically bullish, but the market operation is in a sideways mode. Meanwhile, on the daily timeframe, the technical impulse is bearish as a supply zone has been created around the 1.20940/1.21330 area (magenta) by the most recent bearish drive. However, a bullish pullback has kicked in. Although, presently, there is reduced directional momentum as price action has gone sideways in the last five days as it tackles a minor horizontal resistance around 1.19740, we may expect further bullish pullback in the early part of this week. Nevertheless, failure of price action to mitigate the 1.20940/1.21330 supply area (magenta) would incentivize bears to push for a southward continuation. In this situation, timing of market entry based on directional momentum is important. Technically, I am more bearish EURUSD than bullish, but, as a swing trader, I will await a momentum shift either mitigating supply/horizontal resistance northward or confirming a bearish turnaround.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
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Do your homework, follow the footprints of smart money
  • #1,196,563
  • Edited 3:48pm Jun 27, 2021 3:37pm | Edited 3:48pm
After KeenPips post I decided to stay longer, maybe more constructive comments will be coming up. I entered a short trade on Friday, have seen 10p at one stage and now wish for a further drop right from the start.
The 1.1925 was tested several times late Thursday but consequently defended it successfully; it touched this support level again very swiftly late Friday but pulled back before staging another attempt but ran out of time.
  • #1,196,564
  • Edited 3:56pm Jun 27, 2021 3:39pm | Edited 3:56pm
Quoting NotAtrader
{quote} Just don’t pollute the forum with attention seeking garbage man. Newbies are enough confused from before. People need targeting information, not a vague blah blah blah...
People who have been following my threads and comments should see that I have posted lots of useful information, and have gone out of my way to answer questions and help other traders. I have made major contributions on FF to help others, especially noobs.

My comment on COT data wasn't meant to be instructive. It was merely an opinion. There was no need to go deeper.

Saying my comment was "attention seeking garbage" is not only unprofessional, but also disrespectful. There is a better way to communicate.
Learn from your mistakes and march on.
  • #1,196,565
  • Jun 27, 2021 3:58pm Jun 27, 2021 3:58pm
Quoting here2there
{quote} People who have been following my threads and comments should see that I have posted lots of useful information, and have gone out of my way to answer questions and help other traders. I have made major contributions on FF to help others, especially noobs. My comment on COT data wasn't meant to be instructive. It was merely an opinion. There was no need to go deeper. Saying my comment was "attention seeking garbage" is not only unprofessional, but also disrespectful....
Shrug it off buddy, don't let this upset you, the world is full of nasty people.
  • #1,196,566
  • Jun 27, 2021 4:01pm Jun 27, 2021 4:01pm
Quoting here2there
{quote} People who have been following my threads and comments should see that I have posted lots of useful information, and have gone out of my way to answer questions and help other traders. I have made major contributions on FF to help others, especially noobs.
Please stop doing that, because all you have proven is that YOU are the noob! You have no knowledge, skill or experience to give any kind of advice to anyone!
Everyone can see the chart, but only a few can actually read it.
  • #1,196,567
  • Jun 27, 2021 5:08pm Jun 27, 2021 5:08pm
Quoting here2there
{quote} People who have been following my threads and comments should see that I have posted lots of useful information, and have gone out of my way to answer questions and help other traders. I have made major contributions on FF to help others, especially noobs. My comment on COT data wasn't meant to be instructive. It was merely an opinion. There was no need to go deeper. Saying my comment was "attention seeking garbage" is not only unprofessional, but also disrespectful....
I really don’t mind you putting me on ignore. I know you still read my posts. In the end you will be the one losing because you have some of the best traders in this forum on your ignore list. Just how how “smart” is that?! I mean you are granted a free of charge access to professional sources of trading knowledge and you voluntarily choose to ignore it. Look at your ignore list man. You are constantly under confrontation with some of the best traders here. This tells a lot about you as a trader and as a person.

Anyway good luck to you. I hope you will soon find your way.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,196,568
  • Jun 27, 2021 5:20pm Jun 27, 2021 5:20pm
This thread is toxic. Nothing changes in here.
Learn from your mistakes and march on.
  • #1,196,569
  • Edited 5:47pm Jun 27, 2021 5:36pm | Edited 5:47pm
Quoting here2there
This thread is toxic. Nothing changes in here.
It is.. and the toxic is you. I told you a hundred times before, stop correcting people and stop acting like a guru. Just simply share your trading ideas.

How many times you insulted this thread calling toxic and leave, created your own eurusd thread then invites people from here to follow then just after few days, you ended up being here again becouse nobody follows you or those few who followed leave your thread after finding out you are just a dilutional trader, attention seeker. How many times... 15×. I hope you will stop now and just trade. You are dilutional about you are just "helping" people to be better... you are not ever good your self. Most of your signals, market do the opposite.. I never saw a single winning trade from 2years since your active member here.

Untill you change your attitude... You will keep arguing with random traders every where you go.... it's gonna be traders all over the world vs heretothere. Now who's toxic?
Only an idiot knows with certainty to where the market is going.
  • #1,196,570
  • Jun 27, 2021 6:06pm Jun 27, 2021 6:06pm
Ah there was a chance to roast noobs and losers but i am late to the party, dang!

About COT reports, yeah here2there said nothing wrong. I don't know what's the deal with you guys and the COT reports really. It is very simple:

First of all those are currency futures, not pairs.

Second, changes in positions and number of traders matter the most. Because some traders can have bigger capitals which can manipulate the total number of contracts and mislead.

So here2there said nothing wrong really. Just go and study BabyPips school instead of idle talking. Arguing on how to read COT reports is like arguing about if Earth is flat or round. That's just basic stuff and learn it before calling yourself a trader. If you don't know such basic stuff about trading then you are just a gambler. I am saying this to anyone that does not know how to read COT reports.

Remember, we can't know everything. We didn't know this stuff when we were new. That's not ignorance. The real ignorance is, not knowing what you don't know. And that's the situation here.

So instead of acting like brats, man up and don't attack to the people who are giving useful info. That would only cause your failure. Some guys here are so lucky that no matter how dumb & disrespectful they act, we still try to give them useful info. I guess we are naive though. Let the losers lose.

Don't even try to quote me and start a new fight, I am not going to argue with people who did not prove that they are winners anymore. If someone wants to argue with me, i gotta be sure that they are worthy of my time.

Edit: I forgot to say that COT report is just a useful tool that you can confirm your bias and to have an opinion the real professional sentiment of the market. That does not mean you should trade based on that.
You have to have an IQ higher than 90 to interact with this user.
  • #1,196,571
  • Jun 27, 2021 6:37pm Jun 27, 2021 6:37pm
Quoting Nordling00
………. ……

First of all those are currency futures, not pairs.
………
Not quite true.
Here is the truths:
Forex commitment of traders reports are based on the corresponding futures contracts traded on the Chicago Mercantile Exchange.

Here is what you need to read and pay attention to the list of COT charts for pairs:
https://www.barchart.com/forex/commitment-of-traders

There is a link to a list of COT for futures which is on a separate page.

And here is a chart for you showing COT for EURUSD.
https://www.barchart.com/forex/commi...arts/%5EEURUSD

Yes COT is not easy to understand yet so many people try to use it finding a false feeling of being secure with COT.
There are plenty of good explanations and guidance about using COT yet so many people are coming with their own incorrect versions of that.

I don’t mind people confusing themselves, but do not mislead other people. Just hold on to the facts. That is the best way to keep yourself on the right side of the matter.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,196,572
  • Jun 27, 2021 7:02pm Jun 27, 2021 7:02pm
Quoting NotAtrader
{quote} Not quite true. Here is the truths: Forex commitment of traders reports are based on the corresponding futures contracts traded on the Chicago Mercantile Exchange. Here is what you need to read and pay attention to the list of COT charts for pairs: https://www.barchart.com/forex/commitment-of-traders There is a link to a list of COT for futures which is on a separate page. And here is a chart for you showing COT for EURUSD. https://www.barchart.com/forex/commi...arts/%5EEURUSD Yes COT...
You answered yourself and proved my point. Read the part that i highlighted in your post. They are currency futures. That's also why USD/JPY is JPY/USD in COT reports. Look:

Attached Image (click to enlarge)
Click to Enlarge Name: Futures.png Size: 65 KB

As you quoted from the CFTC website, these are all currency futures. I only speak the facts and the truth, don't worry.
You have to have an IQ higher than 90 to interact with this user.
  • #1,196,573
  • Edited 7:32pm Jun 27, 2021 7:12pm | Edited 7:32pm
Quoting Nordling00
{quote} You answered yourself and proved my point. Read the part that i highlighted in your post. They are currency futures. That's also why USD/JPY is JPY/USD in COT reports. Look: {image} As you quoted from the CFTC website, these are all currency futures. I only speak the facts and the truth, don't worry.
They are not futures. They are pairs COTs and they are BASED ON THE CORRESPONDING FUTURES CONTRACT exactly as I quoted from thr CFTC. But I have no problem to understand you because I have witnessed how demanding the fight against confirmation bias can be sometimes.

EDIT: FYI as a reminder, there is a link to a list of COT for futures and explanation of those on a separate page. If you want to see the difference between COT for pairs and COT for futures, you need to visit almost every link on that page.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,196,574
  • Jun 27, 2021 7:25pm Jun 27, 2021 7:25pm
Attached Image
Only an idiot knows with certainty to where the market is going.
  • #1,196,575
  • Jun 27, 2021 7:40pm Jun 27, 2021 7:40pm
Quoting NotAtrader
{quote} Not quite true. Here is the truths: Forex commitment of traders reports are based on the corresponding futures contracts traded on the Chicago Mercantile Exchange. Here is what you need to read and pay attention to the list of COT charts for pairs: https://www.barchart.com/forex/commitment-of-traders There is a link to a list of COT for futures which is on a separate page. And here is a chart for you showing COT for EURUSD. https://www.barchart.com/forex/commi...arts/%5EEURUSD Yes COT is not...
The Commitment of Traders (COT) report is a weekly publication that shows the aggregate holdings of different participants in the U.S. futures market. So you answered your own question. COT are futures market. Not spotfx. So we have established that. Second, I will attach EURJPY COT and chart. Now we have established that EURJPY overall is bullish. Macroeconomy points that way too. Now will the EURJPY shoot up right from this moment. Probably not, but looking at the chart, where I marked with white lines, it is possible that it will go down to that daily demand zone, and from there, there is a big possibility to go up. Which means I would be willing to take a buy from that demand zone and let this run. Or, perhaps, this will pull back down a bit, not even close to demand zone, and will go up. Which in that case, I will pay attention to this pair and will still buy in that case. Looking at 4 hour chart, looks like the price is in demand zone already on a 4 hour chart, and could go up from there soon. COT is just another tool to add to trading. A lot of people are making it to be this big complicated thing... it is not. You have to combine it with other tools. I combine macroeconomics fundamentals which is 80% of the forex market, adding other tools to that like COT, and the rest only 20% technical which I use supply/demand zones. I use it on 4 hour, daily, weekly and monthly. It takes time, but it is consistence and no pressure. I hope this clears it up for you in a simple way about a tool COT. Trade safe.

 

  1. The Commitment of Traders (COT) report is a weekly publication that shows the aggregate holdings of different participants in the U.S. futures market.
  2. These are compiled and published by the CFTC in the U.S.
  3. COT reports detail how many long, short, and spread positions make up the open interest.
  4. Traders can use the report to help them determine whether they should take short or long positions in their trades.
  5. There are four different COT reports: the Legacy, Supplemental, Disaggregated, and the Traders in Financial Futures reports.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPYH4.png Size: 70 KB
Click to Enlarge Name: EURJPY.png Size: 121 KB
  • #1,196,576
  • Jun 27, 2021 7:40pm Jun 27, 2021 7:40pm
Quoting MrBullBear
{image}
It’s called confirmation bias. People suffering that, see only what they want to see, read only what they want read and hear only what they want to hear. This kind of people are blind and deaf for everything that doesn’t fit their bias criteria.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,196,577
  • Jun 27, 2021 7:48pm Jun 27, 2021 7:48pm
Quoting Techanalyst
{quote} The Commitment of Traders (COT) report is a weekly publication that shows the aggregate holdings of different participants in the U.S. futures market. So you answered your own question. COT are futures market. Not spotfx. So we have established that. Second, I will attach EURJPY COT and chart. Now we have established that EURJPY overall is bullish. Macroeconomy points that way too. Now will the EURJPY shoot up right from this moment. Probably not, but looking at the chart, where I marked with white lines, it is possible that it will go down...
I did not ask any questions. I quoted an internet page showing and explaining COT for currency pairs. The same page contains a link to another page showing and explaining COT for futures. How difficult is this to read and understand?! You people are denying the obvious. I can see why the trading can be a real challenge for you.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,196,578
  • Jun 27, 2021 7:49pm Jun 27, 2021 7:49pm
Quoting NotAtrader
{quote} I did not ask any questions. I quoted an internet page showing and explaining COT for currency pairs. The same page contains a link to another page showing and explaining COT for futures. How difficult is this to read and understand?! You people are denying the obvious. I can see why the trading can be a real challenge for you.
I told you anyway even though you didn't ask. You should start asking questions before spreading nonsense. You are wrong about COT, you do not know what you're talking about. Yet they are really simple. COT are futures market and that is that.
  • #1,196,579
  • Jun 27, 2021 8:01pm Jun 27, 2021 8:01pm
Quoting Techanalyst
{quote} I told you anyway even though you didn't ask. You should start asking questions before spreading nonsense. You are wrong about COT, you do not know what you're talking about. Yet they are really simple. COT are futures market and that is that.
If I am spreading nonsense then that nonsense comes from CFTC and if you are such a knowledgeable guy, I think you should clear that up with them.
I know what I am talking about because I talk facts while you speak your muddy mind without referring to the real source.
I can only make a last attempt to repeat that there are COT for pairs based on corresponding future contracts (NOTE -CORRESPONDING FUTURE CONTRACTS) and there are COT for futures explained on a separate page in that same article provided you can read and understand what you read.

Here goes my limit and I’ll leave you find out the rest by your own.
No username yet? You are on my ignore list. Fuck off and do not quote me!
  • #1,196,580
  • Jun 27, 2021 8:04pm Jun 27, 2021 8:04pm
Quoting NotAtrader
{quote} If I am spreading nonsense then that nonsense comes from CFTC and if you are such a knowledgeable guy, I think you should clear that up with them. I know what I am talking about because I talk facts while you speak your muddy mind without referring to the real source. I can only make a last attempt to repeat that there are COT for pairs based on corresponding future contracts and there are COT for futures explained on a separate page in that same article provided you can read and understand what you read. Here goes my limit and I’ll leave...
Stop stretching it. COT are futures market, that is why you have single currencies on COT reports, not one against another.


Source: https://www.cftc.gov/MarketReports/C...ders/index.htm

The Legacy reports are broken down by exchange. These reports have a futures only report and a combined futures and options report. Legacy reports break down the reportable open interest positions into two classifications: non-commercial and commercial traders.
The Supplemental report includes 13 select agricultural commodity contracts for combined futures and options positions. Supplemental reports break down the reportable open interest positions into three trader classifications: non-commercial, commercial, and index traders.
The Disaggregated reports are broken down by agriculture, petroleum and products, natural gas and products, electricity and metals and other physical contracts. These reports have a futures only report and a combined futures and options report. The Disaggregated reports break down the reportable open interest positions into four classifications:
1. Producer/Merchant/Processor/User
2. Swap Dealers
3. Managed Money
4. Other ReportablesPlease see the “Disaggregated Explanatory Notes” for further information.
The Traders in Financial Futures (TFF) report includes financial contracts, such as currencies, US Treasury securities, Eurodollars, stocks, VIX and Bloomberg commodity index.3 These reports have a futures only report and a combined futures and options report. The TFF report breaks down the reportable open interest positions into four classifications:
1. Dealer/Intermediary
2. Asset Manager/Institutional
3. Leveraged Funds
4. Other ReportablesPlease see the “Traders in Financial Futures Explanatory Notes” for further information.
Short and Long Format of Reports
The Legacy and Disaggregated reports are available in both a short and long format. The TFF report is only available in the long format. The Supplemental report is only available in the short format.
The short format shows reportable open interest and week-to-week open interest changes separately by reportable and non-reportable positions. For reportable positions, additional data is provided for commercial and non-commercial holdings, spreading (in certain categories only), changes from the previous report, percent of open interest by category, and numbers of traders.
The long report, in addition to the information in the short report, groups the data by crop year, where appropriate, and shows the concentration of positions held by the largest four and eight traders.



Now stop stretching it. Admit it you were wrong and move on.
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