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The Swamp

Quoting Don96
{quote} i took it at 14, stop b.e
i was away from chart… 20 should have been enough this late in day… res still at 37

Quoting Don96
{quote} i was away from chart… 20 should have been enough this late in day… res still at 37
Not at charts, posting off ohone - cable looks in trouble, 1.1906/0x maybe a little deeper…

EG at might drop round here haven’t looked too much… add the two together EU could be in for a deep one… I rarely trade that far forward
Another red day candle.. The 1.07 area, even if it dips below some. Is a support area, but it changes with large closes below. I took a smaller long based on R/R. 40 ish pips risked against 1.1186. PA hasn't produced a bullish 3min yet. The 5 min is still bearish. Tuesday is sometimes a changer in direction when against a strong S/R. I wouldn't be surprised to see it close below 1.07, or above 1.0861. But I cant trade both ways. I will take a shot 1.07 support mostly holds. I may be betting the wrong way. R/R wise for me, I'm betting support holds.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
Another red day candle.. The 1.07 area, even if it dips below some. Is a support area, but it changes with large closes below. I took a smaller long based on R/R. 40 ish pips risked against 1.1186. PA hasn't produced a bullish 3min yet. The 5 min is still bearish. Tuesday is sometimes a changer in direction when against a strong S/R. I wouldn't be surprised to see it close below 1.07, or above 1.0861. But I cant trade both ways. I will take a shot 1.07 support mostly holds. I may be betting the wrong way. R/R wise for me, I'm betting support holds....
I need really havent had a momentum bar yet that qualifies the zone for me.

This entire move has been USD driven, which is pretty typical. no major currencies are holding up well against this vicious dollar rally. I ve been stubbornly standing in front of it, hoping that 103.88 slaps it back down. If we can catch the falling knife from here, great, but I need a momo bar…
I did get a trigger on Cable @ the close.

Long 1.2025 SL 1.1977 TG 1.2630

I got in a little late, the actual trigger was at 16….

this should also put pressure on EUR/GBP , which may actually be a better trade considering the dollar could really squeeze and ruin this trade for me. Unfortunately I dont trade EUR/GBP
Quoting Wulfgar
I did get a trigger on Cable @ the close. Long 1.2025 SL 1.1977 TG 1.2630 I got in a little late, the actual trigger was at 16…. this should also put pressure on EUR/GBP , which may actually be a better trade considering the dollar could really squeeze and ruin this trade for me. Unfortunately I dont trade EUR/GBP
Tuesday will sometimes reach. If it was to happen. You would get a bar close above 0861
those who can, do. those who cant, talk about those who can
3 platforms are bullish on the 3 min. None are bullish on the 5 min. The 3m one that failed bullish Friday, is still bearish.. Getting close to its R at 1.0739/43..Some closes into 1.075x may flip it.. But then the 5m and so forth. is in the way. Earlier tested the same systems day upper support area. Between that an 1.07, it does have a chance to resume up trend. That's why i picked a horse early.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} Tuesday will sometimes reach. If it was to happen. You would get a bar close above 0861
Turn around tuesday is a real thing

I said in a previous post we have to get used to the new regime of extended range days. I wouldnt be stunned at all to see a 1.5% up day tmmrw.

And yes, in this regime we have to pick our horses well before they show them...
Quoting Wulfgar
{quote} Turn around tuesday is a real thing I said in a previous post we have to get used to the new regime of extended range days. I wouldnt be stunned at all to see a 1.5% up day tmmrw. And yes, in this regime we have to pick our horses well before they show them...
Yep, off to the races in 30...
Quoting gatorinla
3 platforms are bullish on the 3 min. None are bullish on the 5 min. The 3m one that failed bullish Friday, is still bearish.. Getting close to its R at 1.0739/43..Some closes into 1.075x may flip it.. But then the 5m and so forth. is in the way. Earlier tested the same systems day upper support area. Between that an 1.07, it does have a chance to resume up trend. That's why i picked a horse early.
bla bla bla.. that 3 min is tough, still bearish. 2 others are testing 5m. 1, 5m is bullish.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
3 platforms are bullish on the 3 min. None are bullish on the 5 min. The 3m one that failed bullish Friday, is still bearish.. Getting close to its R at 1.0739/43..Some closes into 1.075x may flip it.. But then the 5m and so forth. is in the way. Earlier tested the same systems day upper support area. Between that an 1.07, it does have a chance to resume up trend. That's why i picked a horse early.
It did test it, need a tall green candle on a 5m closing above this 5m zone to start.
those who can, do. those who cant, talk about those who can
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Quoting gatorinla
3 platforms are bullish on the 3 min. None are bullish on the 5 min. The 3m one that failed bullish Friday, is still bearish.. Getting close to its R at 1.0739/43..Some closes into 1.075x may flip it.. But then the 5m and so forth. is in the way. Earlier tested the same systems day upper support area. Between that an 1.07, it does have a chance to resume up trend. That's why i picked a horse early.
It looks like the wrong horse. This 1.07/1.0694 area is where I will loose or win. It should separate bear/bulls here.
Inserted Video
those who can, do. those who cant, talk about those who can
those who can, do. those who cant, talk about those who can you my genius
Quoting gatorinla
{quote} It looks like the wrong horse. This 1.07/1.0694 area is where I will loose or win. It should separate bear/bulls here. https://www.youtube.com/watch?v=MfmYCM4CS8o
Its looking bearish.. Here we are at yr
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those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} If she looses 1.07.. I can see 1.0093.. I fu a little .. I didnt look since the month closed. 1.0710 is not needed. It may have already reached a algo larger than 1.0710. 1.07 ish should still support. But its not needed. PA is already in the slip portion. I will post if the 1 min turns. or higher. I closed shorts
I should of used 1.0736/slip, instead of 1.0710. 43ish pips of slip is common. Its near yr. This is probably the place for many hundreds of pips either way. In this 1.07area. Bottom or a trap door for bulls.
those who can, do. those who cant, talk about those who can
Quoting Wulfgar
I did get a trigger on Cable @ the close. Long 1.2025 SL 1.1977 TG 1.2630 I got in a little late, the actual trigger was at 16…. this should also put pressure on EUR/GBP , which may actually be a better trade considering the dollar could really squeeze and ruin this trade for me. Unfortunately I dont trade EUR/GBP
Stopped out again.

Really didn't have enough time to move the stops up.

Just dead wrong the last few buys on cable and Fibre.
Quoting gatorinla
{quote} I should of used 1.0736/slip, instead of 1.0710. 43ish pips of slip is common. Its near yr. This is probably the place for many hundreds of pips either way. In this 1.07area. Bottom or a trap door for bulls.

Yep, it's a pretty big pivot... Downside could stretch to near Parity again, I have upside targets near 1.1350
Its bearish. I got a bot that's i turned off, triggering shorts. I get it, all is bearish. If it starts drifting North without rhyme or reason. Being a Tuesday it sometimes will end up closing the day above 1.0862. If turned off the ea to buy only. That may be the wrong thing to do. If it continues to be bearish, they will not trigger anyway. If pa starts breaking down. I will have missed the easy money here. I will just trade/accumulate smaller shorts toward 1.0496 or 1.0093.
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those who can, do. those who cant, talk about those who can
Quoting Wulfgar
{quote} Stopped out again. Really didn't have enough time to move the stops up. Just dead wrong the last few buys on cable and Fibre.
I have my stops below 0670.. In case it runs into that month S at 1.068x.. To take stops.. 40 pips toward 1.1186 reward. If it runs North I will use scalp s/l at b.e. toward snowball.
those who can, do. those who cant, talk about those who can
Quoting gatorinla
{quote} I have my stops below 0670.. In case it runs into that month S at 1.068x.. To take stops.. 40 pips toward 1.1186 reward. If it runs North I will use scalp s/l at b.e. toward snowball.
I may of gotten pinned out... Admittedly my stops were aggressive... 1.1941 was the original one but the smaller stop level was 77. I chose poorly.

Still flat Fibre, waiting on something bullish.... Anything, my preference for a trigger would be a push into the 1.0692-1.0674 area and subsequent momo bar out.... Might be the last stand for the bulls for a few hundred points... Although this pullback has already covered a lot of ground fast, can't get caught up in the tape and get too bear-ed up.

Event risk is clearly Powell today. He should kick the dollar and force the play at this big inflection point we are at. The number is 103.88....but it's a quarterly so it's drawn with a fat crayon.
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