.

Russia's oil production set to drop 1.5 million bpd.
But oil price still continue to drops, now the price 85.08 looking target near lower band

Borntosmoke:
Gbpusd is a sell sell! Election is what prevented it not to sell yesterday. As long fed keep hiking interest rates usd is a buy. Thank you trader nick for changing my perspective about trading. Intraday and day trader can do as they like. Usd is gonna close bearish this week or nextweek

It is always not that simple. Sure maybe at the beginning or even middle of a rate hike cycle, you can buy. But what of at the end? Do you keep buying? How do you even know to look for the end? The market does not move in one direction forever.

Borntosmoke:


na this bro. Big players are buying usd like mad

Please take note that the COT is a lagging indicator. By the time there are changes to it, price would have already left the station.

XAUTrader4L2:


Please take note that the COT is a lagging indicator. By the time there are changes to it, price would have already left the station.

The more things try to change, the more they remain the same.
Anyone trying to sell the dollar when the Euro is still down is on a dangerous journey.
Traders needs to be able to decipher the difference between a pullback or a rally, where it ends, and outright reversal of trend.
Pullback or a rally is not a trend reversal.

7lives:


The more things try to change, the more they remain the same.
Anyone trying to sell the dollar when the Euro is still down is on a dangerous journey.
Traders needs to be able to decipher the difference between a pullback or a rally, where it ends, and outright reversal of trend.
Pullback or a rally is not a trend reversal.

From what i can see, the problem is that we do not use the psychology, strategies or conditions that can tell us when a trend is about to start. So even when we see a trend reversal, we just call it another pullback until it is too late.

CPI time is 2:30 pm

Incase anyone forgets

OfficialP:
CPI time is 2:30 pm

Incase anyone forgets

Time to make money . Inflation is gonna be decreased by -0.4% in united states. We should see usd been bullish

XAUTrader4L2:


It is always not that simple. Sure maybe at the beginning or even middle of a rate hike cycle, you can buy. But what of at the end? Do you keep buying? How do you even know to look for the end? The market does not move in one direction forever.

My boss when it comes to fundamental bias I have a mentor I follow. He tell me direction base on fundamental analysis my own is to look for technical bias that align with fundamental bias he gave me. Even though I'm still learning my strategy.

abham:
You fit show the total Open Interest figures, no vex na just the percentage dey visible for this photo.

my boss check this site
https://www.tradingster.com/cot

USDCHF.. Some update from yesterday's chart..
We got a break out to the up-side.
Hopefully a pull but and a support will signal a buy.

**Be VERY mindful of the CPI news in a bit,

pipnator00:
USDCHF... Possible..
Valid buy is price breaks out above the blue line resistance and stays above it.

Hello Guys,

Please, what's the alternative app to use on iOS since MT5 is no longer available? I trade synthetics basically.

factorial1:
Hello Guys,

Please, what's the alternative app to use on iOS since MT5 is no longer available? I trade synthetics basically.

buy android phone or use laptop

Lol. I use iPhone and MacBook, and I don't think I want to fix my android just because of MT5 app.

Mind you, I don't like trading on laptop. I'm used to the phone app.

Emmizay12:


buy android phone or use laptop

factorial1:
Lol. I use iPhone and MacBook, and I don't think I want to fix my android just because of MT5 app.

Mind you, I don't like trading on laptop. I'm used to the phone app.

oya na send an Email to IOS.... Maybe they will consider you

factorial1:
Hello Guys,

Please, what's the alternative app to use on iOS since MT5 is no longer available? I trade synthetics basically.

Ctrader or consult your broker

Lol. I have downloaded Deriv X instead... I will get used to it.

Emmizay12:


oya na send an Email to IOS.... Maybe they will consider you

Thanks, bro.

successsam121:

Ctrader or consult your broker

Wahala for who no use sl or forget say today na cpi.

I reckon December NFP suppose bloody because of all this employment issues.

CPI ..... doing risky shits on a small account feels unrisky

VlamesIffect:
Wahala for who no use sl or forget say today na cpi.

I reckon December NFP suppose bloody because of all this employment issues.

lol i no dey use stoploss when i trade news..... either I smile to the bank or I blow the akant

You read the COT reports wrong and you also read PA wrong too. Dxy was heading for a level below the market place but what do I know.

Borntosmoke:


Time to make money . Inflation is gonna be decreased by -0.4% in united states. We should see usd been bullish

VlamesIffect:
Wahala for who no use sl or forget say today na cpi.

I reckon December NFP suppose bloody because of all this employment issues.

CPi has resulted into high volatility since August.

abham:
You read the COT reports wrong and you also read PA wrong too. Dxy was heading for a level below the market place but what do I know.

Im not a perfect trader. We cant see the samething. I follow someone that have 7yrs experience in the market with a solid track record. I'm not right on 5 trades dosent mean I'm wrong in my analysis.

Borntosmoke:


Im not a perfect trader. We cant see the samething. I follow someone that have 7yrs experience in the market with a solid track record. I'm not right on 5 trades dosent mean I'm wrong in my analysis.

When do you hope to start following only your own self

Jameselias:


When do you hope to start following only your own self

everyone needs a mentor and he's found one. Allow him be, don't rush him. There are some questions one will ask that will convey the wrong message to the person, even if you mean well.

Jameselias:


When do you hope to start following only your own self

When i learned enough from him

OfficialP:
everyone needs a mentor and he's found one. Allow him be, don't rush him. There are some questions one will ask that will convey the wrong message to the person, even if you mean well.

You are right i hope he doesn't read my question wrong though

Borntosmoke:


When i learned enough from him

. Wish you all best bro

True sha, we learn everyday. In reading COT report you follow the commercials report in line with other factors which may make things complex. But in a nut shell na Commercials dey give market price so it’s best to follow them. If their figure keeps increasing in a current trend just continue with them but once the figure has a negative value in a trend, that signifies a trend reversal.

You can check that with the Dxy on cot report, was -25k so commercials were short on Dxy and cpi was just a catalyst to push price lower on barchart.

Hopefully you can check back on previous data though it’s not always black and white as you must blend it with PA.

See attached video.
https://www.youtube.com/watch?v=W3jOAyaM6q4&t=717s

Borntosmoke:


Im not a perfect trader. We cant see the samething. I follow someone that have 7yrs experience in the market with a solid track record. I'm not right on 5 trades dosent mean I'm wrong in my analysis.

C’mon man we all get one or two advice from charts dropped here.

Jameselias:


When do you hope to start following only your own self

abham:
C’mon man we all get one or two advice from charts dropped here.

The question was asked in good faith