Disliked09/26 low, 1.0329, could be a minor support IMO but it may not be able to hold up the falling rock.Ignored
daddybearforex. com
Trading Cartoons and Pics 2,829 replies
EUR/USD Trading Room 328 replies
Do The Trading Room 20 replies
Disliked09/26 low, 1.0329, could be a minor support IMO but it may not be able to hold up the falling rock.Ignored
SHITZ
DislikedBased on this approach, the next channel could be within the lime color TLs. IMOIgnored
DislikedChik, from COT, my analysis is that A/U is not ready to go down yet, it may have one bigger up leg first before any real big down.
COT does not signal to me that Commercial is ready to take A/U down yet.
The only issue with COT is that the data is always 1-week late, so still important to monitor Price Action as that will show the turn and reversal faster than the COT.
Currently A/U seem still in sideways range, and today Mon 1-Oct is AUD Public Holiday, not expecting much.
My overall bias for A/U currently is still a big move for the up side.
Of...Ignored
Disliked30 pips ??? Do you consider that a MAJOR move worthy of a news event ???Ignored
DislikedWhat just happened? 30 pip jump. Looking for an announcement, can't see anything.Ignored
Disliked30 pips ??? Do you consider that a MAJOR move worthy of a news event ???Ignored
DislikedThis is the beginning. ChikBear, be patient. Don't come to the conclusion so fast.Ignored
Dislikedno of course not, but we get so many "news events" that move things by much less. Excuse me for asking a simple question.Ignored
DislikedYes, you are very right. The COT comes out once a week. IT IS NOT a timing mechanism. It only shows the positioning of the various market participants. The fact that it comes out once a week is totally irrelevant. And thats a good thing, it gives you plenty of time to prepare and strategize. The BEST part of all is that it puts you on the right side of the market at the MAJOR turns. The public (large specs and retailers) are 100% WRONG at every major turning point in the market. You just don't get better odds than that. The COT normally gives you...Ignored