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  • #1,140,101
  • Jan 21, 2018 5:07pm Jan 21, 2018 5:07pm
Quoting 9jatrader
{quote} Swing traders have long and strong rope to escape with their profit in their long positions when the US politicians decisions decide otherwise
They're prepared for emergency landing
Make all mistakes in demo and rain in pips in live account
  • #1,140,102
  • Jan 21, 2018 5:11pm Jan 21, 2018 5:11pm
Quoting 9jatrader
{quote} Swing traders have long and strong rope to escape with their profit in their long positions when the US politicians decisions decide otherwise
following last shutdown , mkt reacted just the opposite way people were expecting

so it's no slam dunk that the EurUsd would skyrocket tommorow

could be , but could also be that tomorrow the EurUsd takes a nose dive pullback , and then on Tuesday rallies back again

i wouldn't jump the gun just yet as to what the reaction is gonna be imho
  • #1,140,103
  • Jan 21, 2018 5:11pm Jan 21, 2018 5:11pm
Added a sell stop @ 22499 ... SL @ 2272
-----------------------------------------------------------------------
SL to BE+2 on the first position.
SL to 22605 on second position.
  • #1,140,104
  • Jan 21, 2018 5:16pm Jan 21, 2018 5:16pm
I've been adding mini lot shorts every 10 pips from open, worked well so far. I plan to close as close to 1.224 as I can though if it doesn't go through it.
  • #1,140,105
  • Jan 21, 2018 5:20pm Jan 21, 2018 5:20pm
Quoting Starcraftmaz
I've been adding mini lot shorts every 10 pips from open, worked well so far. I plan to close as close to 1.224 as I can though if it doesn't go through it.
Looking to add one more at 2250.
  • #1,140,106
  • Jan 21, 2018 5:56pm Jan 21, 2018 5:56pm
You guys are aware of what has transpired right,,,,,. Adding any shorts before seeing if last weeks high holds may just be adding a little liquidity to the market , then any before 1.24 could be futile ,,,,,,,,, just a different view ,,,,,,look at the bigger picture .
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  • #1,140,107
  • Jan 21, 2018 6:03pm Jan 21, 2018 6:03pm
Quoting digger1
You guys are aware of what has transpired right,,,,,. Adding any shorts before seeing if last weeks high holds may just be adding a little liquidity to the market , then any before 1.24 could be futile ,,,,,,,,, just a different view ,,,,,,look at the bigger picture . {image}
What do you suppose will happen if they pass funding in a few hours though? Why would it test last week's high?
  • #1,140,108
  • Jan 21, 2018 6:05pm Jan 21, 2018 6:05pm
just too early to tell

we need to see what tomorrow gives

if it shoots up , or takes a hard pullback and rallies back on Tues.
  • #1,140,109
  • Jan 21, 2018 6:13pm Jan 21, 2018 6:13pm
Quoting Starcraftmaz
{quote} What do you suppose will happen if they pass funding in a few hours though? Why would it test last week's high?
How far can price run in a few hours or untill something is passed if it is going to be passed ? ,,,,,, hasent broke a swing low or high as of yet ,but its much closer to breaking the high with viable tgts above ,,,,,,,and in an uptrend,,,, should at least warrant a cautious out look of adding to shorts or shorting till at least a swing low is broke ,,,,,, or the news is known ,,,,,,,,,, my 2 cents
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  • #1,140,110
  • Jan 21, 2018 6:24pm Jan 21, 2018 6:24pm
Quoting digger1
{quote} How far can price run in a few hours or untill something is passed if it is going to be passed ? ,,,,,, hasent broke a swing low or high as of yet ,but its much closer to breaking the high with viable tgts above ,,,,,,,and in an uptrend,,,, should at least warrant a cautious out look of adding to shorts or shorting till at least a swing low is broke ,,,,,, or the news is known ,,,,,,,,,, my 2 cents {image}
No, I agree with you on that. I am holding shorts from last week that I wish I didn't have, but short term I'm still adding and closing based on what I see. I was more thinking where and how far will the price travel before a decision, and even so, how much will it impact price. I guess we'll have to see.

Keen to have this over and done with (the shutdown business).
  • #1,140,111
  • Jan 21, 2018 7:21pm Jan 21, 2018 7:21pm
i'm expecting it to slam lower. i could be wrong.

Closed 66% of positions at 2228. moved sl to BE plus a few, no TP in case this is the high of the week.
  • #1,140,112
  • Jan 21, 2018 7:32pm Jan 21, 2018 7:32pm
The pair starts the week with a bullish gap, but still trading within a close range between 1.22 to 1.23. Because US government shut down, we are looking at weaker and more vulnerable dollar.
  • #1,140,113
  • Edited 7:57pm Jan 21, 2018 7:37pm | Edited 7:57pm
Quoting csc2009
The pair starts the week with a bullish gap, but still trading within a close range between 1.22 to 1.23. Because US government shut down, we are looking at weaker and more vulnerable dollar.
Thanks. I'll continue to trade price regardless because I like lots of money. Weaker? Good, I'll make money. Stronger? Good. I'll make money. Neither weak or strong...good, I'll make money.

I'll make money as long as I'm a disciple of price regardless of the US shutdown malarkey.

I don't actually think it's a bullish gap to be honest. Bullish gaps for me are runaway gaps.

-----------------------------------------------------------------------------------------------------------------

Shamelesssly taken from Davits Pivot Trading thread:

Quote
Another very important development that could have great effect on Euro.
https://www.cnbc.com/2018/01/19/a-ge...is-sunday.html
A crucial German vote this Sunday is seen as the key near-term driver for euro/dollar

If SPD rejects coalition government this sun expect Euro to open lot lower and despite of US shutdown which in my opinion is minor event.

Ulrich Leuchtmann, head of FX and EM Research at Commerzbank, said Friday that Sunday's decision has the potential to move the euro in either direction.
"Rejection threatens to lead to either a minority government in Berlin or to new elections. Both are not good for the euro simply because they would create uncertainty," he said via email.
"More importantly, however, the GroKo (grand coalition) would probably be euro-positive because this constellation could represent the greatest degree of Germany's support for the French president's European initiative among all conceivable political constellations in Berlin."
Leuchtmann said he could not forecast a result but that SPD delegates are normally "well-behaved party soldiers" who follow the leadership.
In a note Thursday, Morgan Stanley's European FX team wrote that Sunday's vote is the "key potential near-term risk" for unwinding the recent upward run for the euro.
It said a rejection of the deal could see the euro slip back down towards $1.17. Assuming a vote to pursue coalition talks is achieved, Morgan Stanley calls upside resistance at $1.23.

Well I would welcome SPD to reject!

There's more going on than only the US shutdown. FF members are beating themselves into a frothing mouthed, confusion inducing, catatonic state over the shutdown...it will be interesting watching the trade calls this week. Suddenly everyone has a crystal ball.

Hmmm...I reckon lots of traders have actually gone long with the gap and when the gap closed.
  • #1,140,114
  • Jan 21, 2018 7:48pm Jan 21, 2018 7:48pm
I've closed all shorts above for now, consolidating. Will open more on decisive move down, but it could retest 1.224 now (good area for more shorts).
  • #1,140,115
  • Jan 21, 2018 8:00pm Jan 21, 2018 8:00pm
Quoting Starcraftmaz
I've closed all shorts above for now, consolidating. Will open more on decisive move down, but it could retest 1.224 now (good area for more shorts).
2240 is an excellent area just don't be surprised if price doesn't see that level again today.
  • #1,140,116
  • Jan 21, 2018 8:01pm Jan 21, 2018 8:01pm
Quoting mbrown
{quote} Thanks. I'll continue to trade price regardless because I like lots of money. Weaker? Good, I'll make money. Stronger? Good. I'll make money. Neither weak or strong...good, I'll make money. I'll make money as long as I'm a disciple of price regardless of the US shutdown malarkey. I don't actually think it's a bullish gap to be honest. Bullish gaps for me are runaway gaps. ----------------------------------------------------------------------------------------------------------------- Shamelesssly taken from Davits Pivot Trading thread: {quote}...
Wow..congrats, you can make money whether US is weak or strong. Apparently you have the HG to trade godlike. Our future billionaire is in the making.
Hope you stay around to share your secrets..am willing to pay big money for that OR maybe you can give it FOC

GS
  • #1,140,117
  • Jan 21, 2018 8:08pm Jan 21, 2018 8:08pm
Calm down guys, we're all on the same team here.

Once this consolidation finishes, if it breaks below, I suspect the next point will be 1.217
  • #1,140,118
  • Jan 21, 2018 8:17pm Jan 21, 2018 8:17pm
Quoting mbrown
{quote} Ha ha...Eat a dick, buddy, eat 12 inches. There are no HGs that I'm aware, just blood, sweat and tears...then diamonds if one perseveres.
Yea.....dont sweat too much and pls remember to take your medications...

Hehe
GS
  • #1,140,119
  • Jan 21, 2018 9:52pm Jan 21, 2018 9:52pm
Quoting 9jatrader
{quote} Day trading ok. For swing traders we have to hold on USD bears which was already in place till negotiations give further direction
i'm short USD with you too bro. Seems like the deadlock will not be released yet. The republicans will not give up on getting military funds when Democrats will not allow then to get that funds. If anything to blame, it's Trump's policy about the military and his Twitter to other country especially Jong Un so that they have no choice but use spending bill on military. Well, It's true that somehow democrat is making things harder even on intentionally. But that's also because of Trump's action too. Even if i'm in Democrat, i'll reject that bill; no joke but it will become the start of a cold war.
  • #1,140,120
  • Jan 21, 2018 10:02pm Jan 21, 2018 10:02pm
good day folks,

seems two anticipated major events became non-event. we gotta watch BOJ now. meanwhile happy consolidation.
Wise man once said "You gotta trade tomorrow as well"
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