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The Swamp

Quoting gatorinla
{quote} It does look bearish. It always looks bearish, into a support.
I just shorted... 1700... I keep shorting this at every bounce..... I trade M1 so I just booked 5 pip ..
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Quoting Boulder
{quote} typo again?.. why long against trend??
1662
those who can, do. those who cant, talk about those who can
Quoting Boulder
{quote} typo again?.. why long against trend??
A trend has more meanings, than a direction. A trend could be bouncing off a support too? Q has a support 1658 also. year 1598.
those who can, do. those who cant, talk about those who can
Quoting longshot_nl
{quote} Around 1621 i have some support. I think around there we might see a few weeks of bulls. {image}
scrap that, i don't know if this is a first or last wave.
if its a last wave we are going to see a lot more bulls.
will try to figure it out.

its also on the way to 1555 so it's probably not the last wave.
Quoting gatorinla
{quote} Than it should not be a problem to make a LL. Or at least get within a few pips, where I can long with a 1662 stop. I can pend it, and sleep.
fixed this "should not'
those who can, do. those who cant, talk about those who can
Quoting Boulder
{quote} typo again?.. why long against trend??
I'm not saying long against the down trend, just anywhere. What I'm saying is the market zig, zags. At a support the market tends to rise. Even if the trend is down. If you can find these supports, it can be tradable with a small stop. Tradeable may even mean "tp" a trade. You dont want a bunch of shorts into a support. The bounces off support are also a trend. I most often dont recommend taking them. I usually recommend selling the bounces. In this particular case, pa never retraced to 198x, or 1964. 1785/86 doesn't seem so far away. Risking a few pips near 1664, to make 120. makes the R/R decent. Once pa is away from 1664, The R/R advantage greatly decreases.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} I'm not saying long against the down trend, just anywhere, What I'm saying is the market zig, zags. At a support the market tends to rise. Even if the trend is down. If you can find these supports, it can be tradable with a small stop. Tradeable may even mean "tp" a trade. You dont want a bunch of shorts into a support. The bounces off support are also a trend. I most often dont recommend taking them. I usually recommend selling the bounces. In this particular case pa never retraced to 198x, or 1964. 1785/86 doesn't seem so far away. Risking...
ok.. I make sure I sit out to short close to 1664.. thanks...
Quoting Boulder
{quote} ok.. I make sure I sit out to short close to 1664.. thanks...
Its either going to test 1664 area , or going to 1785. The odds look like 1664 area. So I can wait for a trade below 1670. Then get stopped out. Or wait for 1785. One shouldn't get real comfortable with a trend 1598/1658/1709 is supportive. Last time here all the trends were down. It bounced near the Q support that time 1658. Many got trapped. Some still are. This Q still has a week till it ends.

Unless a meteor wipes out the earth first, its going to 1664 or 1785.
those who can, do. those who cant, talk about those who can
I'm rooting for the meteor
Quoting gatorinla
{quote} I'm not saying long against the down trend, just anywhere. What I'm saying is the market zig, zags. At a support the market tends to rise. Even if the trend is down. If you can find these supports, it can be tradable with a small stop. Tradeable may even mean "tp" a trade. You dont want a bunch of shorts into a support. The bounces off support are also a trend. I most often dont recommend taking them. I usually recommend selling the bounces. In this particular case, pa never retraced to 198x, or 1964. 1785/86 doesn't seem so far away. Risking...
Golden words...
Trade to enjoy... Money is after!
I missed my pending @ 1770 today. Just a small short at 1750. I'm still looking for it. Maybe I'm too fanatic about 1770. But this strong support area could still make a bounce. Based on my levels, it should go there. I always try to think opposite, when every thing is made clear about the direction. I think if this support break, it will be done by a non stop drop move with a huge daily candle! Otherwise, I expect a sudden bounce everywhere around support.
Trade to enjoy... Money is after!
Quoting gatorinla
{quote} Its either going to test 1664 area , or going to 1785. The odds look like 1664 area. So I can wait for a trade below 1670. Then get stopped out. Or wait for 1785. One shouldn't get real comfortable with a trend 1598/1658/1709 is supportive. Last time here all the trends were down. It bounced near the Q support that time 1658. Many got trapped. Some still are. This Q still has a week till it ends. Unless a meteor wipes out the earth first, its going to 1664 or 1785.
now positive swap shorting Eur..
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Quoting gatorinla
{quote} 1663 a new LL, or 1785 is coming next. Near them, may be tradeable for a reverse.
gu will make a LL .(-3602) or bounce to 375x.
those who can, do. those who cant, talk about those who can
Quoting Boulder
{quote} now positive swap shorting Eur.. {image}
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} gu will make a LL .(-3602) or bounce to 375x.
Some R on the chart.. Gu near a major week trend support. 3580.9. Its 22 pips away from 3602
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those who can, do. those who cant, talk about those who can
currently long USDCAD from 1.2705, long USDJPY from 109.40, short EURUSD from 1.17095 and short audusd from .72493. now wait for London.
Quoting charlienoble
currently long USDCAD from 1.2705, long USDJPY from 109.40, short EURUSD from 1.17095 and short audusd from .72493. now wait for London.
I think 2796 is where its going (or higher). It could detour to 2757x first, maybe 3746x. I dont have a dog in the race. Since I'm not in, I couldn't long till those. It looks bullish. I dont have a reason to say it would drop, or *short. Near *2816, but not above 2817. That R, may let it retrace some to *2757.
those who can, do. those who cant, talk about those who can
I expect that soon it will head towards 1.25
Quoting gatorinla
{quote} I think 2796 is where its going (or higher). It could detour to 2757x first, maybe 3746x. I dont have a dog in the race. Since I'm not in, I couldn't long till those. It looks bullish. I dont have a reason to say it would drop, or *short. Near *2816, but not above 2817. That R, may let it retrace some to *2757.
Let me add. The debt ceiling could affect this some. If it drops below 2697, then 2796 may have failed. Lots of support in the 2697 area. But it can break. If the debt ceiling is not passed or stalls. It may screw usd some. If prolonged, it may screw oil. That would reflect on the Cad. What direction, I dont know since they are opposite.
those who can, do. those who cant, talk about those who can
moved the stop to +10. We'll see if it survives til london
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