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The Swamp

  • #47,881
  • Nov 29, 2019 8:48am Nov 29, 2019 8:48am
Quoting hans91
Hi gator, could you see the EU for daily chart? it is establishing bullish divergence. My guts says that EU will retest to 1.1040 - 1.1050 area next week.. {image}
You will have to watch today's close. if it closes above 1.0990, there's a good chance we may see a bounce next week.

Strictly speaking, on a daily chart, we have not had a higher high. And neither do we have a lower low. So it is likely that we're in a range. Going long at 1.0980-1.0990 has better risk reward.

But having said that, recently, US fundamental data has been quite good. And if NFP next week is good as well, EU will almost certainly go lower. It's been posting good data despite the trade war thing with china. So my bias is EU will go lower. News can change things. So will have to see next week's data release.
  • #47,882
  • Nov 29, 2019 8:50am Nov 29, 2019 8:50am
Quoting thelws
{quote} still trying to decide whether or not to go short @1.0991/1.0993. I got a signal to go short... But I keep thinking month end rebalancing will send the dollar down.
I keep saying this, but be careful of month end rebalancing. It will happen near to UK close.
Equities had a big run up this month, so funds will sell dollar to hedge currency exposure. We're already seeing usdx fall back below 98.44
  • #47,883
  • Nov 29, 2019 8:52am Nov 29, 2019 8:52am
Quoting hans91
Hi gator, could you see the EU for daily chart? it is establishing bullish divergence. My guts says that EU will retest to 1.1040 - 1.1050 area next week.. {image}
Yes Hans. I actually bought 0982 but closed already as it was a sclap. Maybe should have held further. But I said elsewhere that I had 0980 as my bottom. And if so, yes, 1050 will be tested.
  • #47,884
  • Nov 29, 2019 9:37am Nov 29, 2019 9:37am
Inserted Video
those who can, do. those who cant, talk about those who can
  • #47,885
  • Nov 29, 2019 9:45am Nov 29, 2019 9:45am
Quoting hans91
Hi gator, could you see the EU for daily chart? it is establishing bullish divergence. My guts says that EU will retest to 1.1040 - 1.1050 area next week.. {image}
The LL leads me to think it could test 1050 again before 0910, or 1083 before 0789.. older post. That's why I wanted to wait to short. But when it crossed usdx 98.44 I started a small grid to sell the rise..
those who can, do. those who cant, talk about those who can
  • #47,886
  • Nov 29, 2019 9:52am Nov 29, 2019 9:52am
testing boulder's 4h stop 1021
those who can, do. those who cant, talk about those who can
  • #47,887
  • Nov 29, 2019 9:57am Nov 29, 2019 9:57am
1h R 1031.. I think it will push higher. write others in a min
those who can, do. those who cant, talk about those who can
  • #47,888
  • Nov 29, 2019 10:02am Nov 29, 2019 10:02am
Quoting gatorinla
1h R 1031.. I think it will push higher. write others in a min
1h hard 1031.. 4h hard 1053.. hard day at 1223.

200 wise 1h 1025
4h 1049
day 1170
pattern to follow.
those who can, do. those who cant, talk about those who can
  • #47,889
  • Nov 29, 2019 10:04am Nov 29, 2019 10:04am
swap 1043 to 1038 norm.

pattern for targets.. The LL leads me to think it could test 1050 again before 0910, or 1083 before 0789.. older post. That's why I wanted to wait to short (1043). But when it crossed usdx 98.44 I started a small grid to sell the rise..
those who can, do. those who cant, talk about those who can
  • #47,890
  • Nov 29, 2019 10:23am Nov 29, 2019 10:23am
lc last week 1027, last month 1040
those who can, do. those who cant, talk about those who can
  • #47,891
  • Nov 29, 2019 10:32am Nov 29, 2019 10:32am
Quoting Mitiblotch
{quote} Yes Hans. I actually bought 0982 but closed already as it was a sclap. Maybe should have held further. But I said elsewhere that I had 0980 as my bottom. And if so, yes, 1050 will be tested.
Great mate, but I saw you already closed your short to the lowest price, I think you are the specialist of shorting euro than buy..haha, sorry mate no offence, just kidding. I admit you have great analysis and technique which is profitable especially when short EU..keep it up mate..
  • #47,892
  • Nov 29, 2019 10:32am Nov 29, 2019 10:32am
Sorry I was tied up with other things, not showing up here..
two most important numbers for my book:
EurUsd H4 downtrend stop : 1.1021...one hour and 30 mins to go to see bears can hold at H4 close. In case not, hold off for Euro shorts for a short time
UsdChf Weekly downtrend stop : 0.9998... wait for NY close to see bears can hold the weekly downtrend...
  • #47,893
  • Nov 29, 2019 10:33am Nov 29, 2019 10:33am
Quoting gatorinla
lc last week 1027, last month 1040
closed lower on these, higher on the day.
those who can, do. those who cant, talk about those who can
  • #47,894
  • Nov 29, 2019 10:42am Nov 29, 2019 10:42am
not much to do but wait for the cross.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #47,895
  • Nov 29, 2019 12:00pm Nov 29, 2019 12:00pm
Quoting Boulder
Sorry I was tied up with other things, not showing up here.. two most important numbers for my book: EurUsd H4 downtrend stop : 1.1021...one hour and 30 mins to go to see bears can hold at H4 close. In case not, hold off for Euro shorts for a short time UsdChf Weekly downtrend stop : 0.9998... wait for NY close to see bears can hold the weekly downtrend...
Eur bears held H4 stop....new H4 to go..
  • #47,896
  • Nov 29, 2019 12:31pm Nov 29, 2019 12:31pm
Quoting hans91
{quote} Great mate, but I saw you already closed your short to the lowest price, I think you are the specialist of shorting euro than buy..haha, sorry mate no offence, just kidding. I admit you have great analysis and technique which is profitable especially when short EU..keep it up mate..
Lol... thanks. True. I used to be scared of buying EU. Hahahaha... I'm changing now. I'm getting more comfortable with buying it now when everything aligns.
  • #47,897
  • Nov 29, 2019 3:32pm Nov 29, 2019 3:32pm
with 30 minutes to go. Usdx looks to miss 98.44+ close again.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 31 KB
those who can, do. those who cant, talk about those who can
  • #47,898
  • Nov 29, 2019 4:06pm Nov 29, 2019 4:06pm
Quoting gatorinla
with 30 minutes to go. Usdx looks to miss 98.44+ close again. {image}
usd/chf bears survived the week close, but month, day and 4h remains bullish
usdx bears survived the day close, but so did 4h, week and month bulls
Eu 4h and above through month remains bearish.
looks like fight continues next week..
possible gap on open..
those who can, do. those who cant, talk about those who can
  • #47,899
  • Nov 29, 2019 4:15pm Nov 29, 2019 4:15pm
Quoting Boulder
Sorry I was tied up with other things, not showing up here.. two most important numbers for my book: EurUsd H4 downtrend stop : 1.1021...one hour and 30 mins to go to see bears can hold at H4 close. In case not, hold off for Euro shorts for a short time UsdChf Weekly downtrend stop : 0.9998... wait for NY close to see bears can hold the weekly downtrend...
Bears held both at the close
  • #47,900
  • Nov 29, 2019 4:17pm Nov 29, 2019 4:17pm
Quoting Boulder
{quote} Bears held both at their close

Great


Have a nice weekend
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