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The Swamp

  • #17,501
  • Mar 16, 2018 7:20am Mar 16, 2018 7:20am
Quoting valter
{quote} About broker server time I have the same on Oanda Uk that normally is gmt+2 and now is gmt+3. It changed after Usa change time last weekend and I think it should return back to gmt+2 on next march sun26/mon27 when time will change also in Eu
True...just observed that. Been a while,didn't know previously. Thanks .
Nothing stands in the way of a person's will -THE MYSTICS
  • #17,502
  • Mar 16, 2018 7:35am Mar 16, 2018 7:35am
I am waiting to see Eur/Usd can break this 1H downtrend stop at 1.2329 at 1H close before I do system update...if it can, it will start its uptrend on 1H...20 mins to go...
  • #17,503
  • Mar 16, 2018 8:00am Mar 16, 2018 8:00am
Eur/Usd: Daily Market Trends Update 3/16/2018

Eur/Usd On 3/16/2018 at 8am est.. Boulder Multi Time Frame System:

1H, Downtrend, Trend stop at 1H close 1.2329, Running Period: 50x1H
4H, Uptrend, Trend stop at 4H close 1.2303, Running Period: 16 x 4H
Daily, Downtrend, Trend stop at day close 1.2430, Running Period: 13 days

( Note: Those stops will change with hour close and price action)

Trading Strategy:

Currently 1H and daily downtrend ,4H Uptrend, If you trade 1H trend, preference is to short as long as downtrend stop 1.2329 held at 1H close. Since its Friday, I won't start new short entries due to 50/50 chance, the downtrend may reverse soon...

Support: S1 1.2281, S2 1.2258, S3 1.2220
Resistance: R1: 1.2327, R2 1.2350 , R3 1.2387
  • #17,504
  • Mar 16, 2018 8:10am Mar 16, 2018 8:10am
Quoting Patrich
S/O at 1.23145 ... tried another one at 1.23336 mid as shown on pics. Hope the pics show now...rusty a bit. Where is Gator ? Edit: it worked now. {image} {image}
1.2318 should act as a R to bounce it more downwards...locked in at b.e now.
Edit: .2303 is supposed to bounce it back there
Nothing stands in the way of a person's will -THE MYSTICS
  • #17,505
  • Mar 16, 2018 8:11am Mar 16, 2018 8:11am
Quoting Marco-Kanto
Selling pressure at the DPP & divergence on the 15m RSI - short at 2327
Taken some & set SL to BE
Focus.
  • #17,506
  • Mar 16, 2018 8:25am Mar 16, 2018 8:25am
Quoting Patrich
{quote} 1.2318 should act as a R to bounce it more downwards...locked in at b.e now. Edit: .2303 is supposed to bounce it back there
Closed the trade...took a buy now while I have a sell limit at 1.2315 and obviously the place for the buy TP. Stop as usual just below .22926
Edit: pics didn't work.
Nothing stands in the way of a person's will -THE MYSTICS
  • #17,507
  • Mar 16, 2018 8:30am Mar 16, 2018 8:30am
Quoting Marco-Kanto
{quote} Taken some & set SL to BE
Closed - waiting to see what NY has to offer.
Focus.
  • #17,508
  • Mar 16, 2018 8:31am Mar 16, 2018 8:31am
Quoting Marco-Kanto
I've taken a short from WR1, price 2404. Aiming for WPP at around 2235.
This one still running - 110+
Focus.
  • #17,509
  • Mar 16, 2018 8:42am Mar 16, 2018 8:42am
Quoting Boulder
Eur/Usd: Daily Market Trends Update 3/16/2018 Eur/Usd On 3/16/2018 at 8am est.. Boulder Multi Time Frame System: 1H, Downtrend, Trend stop at 1H close 1.2329, Running Period: 50x1H 4H, Uptrend, Trend stop at 4H close 1.2303, Running Period: 16 x 4H Daily, Downtrend, Trend stop at day close 1.2430, Running Period: 13 days , If you trade 1H trend, preference is to short as long as downtrend stop 1.2329 held at 1H close. ... Support: S1 1.2281, S2 1.2258, S3 1.2220 Resistance: R1: 1.2327, R2 1.2350 , R3...
TP1 today reached...
  • #17,510
  • Mar 16, 2018 8:42am Mar 16, 2018 8:42am
Quoting Patrich
{quote} Thanks man...never thought of it. This will be helpful always. Eurusd: .23212 seems to bounce,will look for a short towards .22702/.22612 Edit: got an entry .23200 stop at .23250(5pips) just above .23245
S/O on buy -5...I seem to have forgot the thick numbers I gave earlier. Done now,out.
Nothing stands in the way of a person's will -THE MYSTICS
  • #17,511
  • Mar 16, 2018 8:50am Mar 16, 2018 8:50am
Quoting Boulder
{quote} TP1 today reached...
at 1.2282,, EA1 runs almost 300 pips...
Attached Image (click to enlarge)
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  • #17,512
  • Mar 16, 2018 8:57am Mar 16, 2018 8:57am
Quoting Boulder
{quote} at 1.2282,, EA1 runs almost 300 pips... {image}
not bad for a friday morning.
congratulations
  • #17,513
  • Mar 16, 2018 8:59am Mar 16, 2018 8:59am
Quoting Boulder
{quote} at 1.2282,, EA1 runs almost 300 pips... {image}
well done my friend
  • #17,514
  • Mar 16, 2018 9:01am Mar 16, 2018 9:01am
Quoting Boulder
{quote} at 1.2282,, EA1 runs almost 300 pips... {image}
close all at 1.2285...
Attached Image (click to enlarge)
Click to Enlarge Name: out.png Size: 12 KB
  • #17,515
  • Mar 16, 2018 10:15am Mar 16, 2018 10:15am
let ea2 to do 2nd try on this UJ...

Usd/Jpy Day Trading Signal #2

I will buy Usd/Jpy starting 11am est., 3/16/2018
Buy 106.16 or better
Target profit #1: 30 pips, Target profit #2: 60 pips or more

Usd/Jpy may move down some first,
then move up again

I may stay long as long as 105.70 held

I will update the post while the trade develops
  • #17,516
  • Mar 16, 2018 10:47am Mar 16, 2018 10:47am
Quoting Marco-Kanto
{quote} This one still running - 110+
Taken 60% at 2277
Focus.
  • #17,517
  • Mar 16, 2018 12:55pm Mar 16, 2018 12:55pm
Quoting Patrich
{quote}
. Eurusd: .23212 seems to bounce,will look for a short towards .22702/.22612

S/O on buy -5...I seem to have forgot the thick numbers I gave earlier. Done now,out.
1.2261 is the low of the day as it seems...got one in at 2270 ,a quick one .
Nothing stands in the way of a person's will -THE MYSTICS
  • #17,518
  • Mar 16, 2018 6:57pm Mar 16, 2018 6:57pm
Have a good weekend everyone. I'm off to to eat some paella.

Inserted Video
Focus.
  • #17,519
  • Mar 17, 2018 1:33pm Mar 17, 2018 1:33pm
How Institutions Position Themselves In Dollar This Week

For Dollar, the latest COT as of Tuesday, Mar 13, 2018, institutions increased bullish bets by 958 contracts to net longs 847

1,853 longs were closed and 2,831 shorts were closed as well, Now Longs total 22,492 contracts vs shorts total 21,645 contracts .

51% long exposure vs 49% short exposure , Longs added 1% and shorts dropped 1% from the previous week

Dollar sits below near term resistance 90.50 at 90.19 with support at 88-89 area. Price has been in this range for last 8 weeks

As long as the support 88-89 holds, price may move higher to challenge the resistance at 90.50-91 again this week

Long term Bearish, Short term point to higher

Please note institutions take weeks and months to build a position in the currency market. For dollar, they have been decreasing their net long positions for over a year
Therefore, the bearish sentiment is more for long term outlook, not intended for short term trading.
Attached Image (click to enlarge)
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  • #17,520
  • Edited 4:21pm Mar 17, 2018 1:39pm | Edited 4:21pm
How Institutions Position Themselves In Euro/Usd This Week

Until Tuesday, institutions were seen adding their net long positions in Euro , which was shown in the latest COT as of Tuesday, Mar 13, 2018.

The institutions net long Euro positions increased last week by 13,408 contracts to 146,380 contracts. Six week high. 98% relative to the record long.

12,099 long positions were added, and 1,309 short positions were closed. Now Longs total 239,453 contracts vs shorts total 93,073 contracts .

72% long exposure vs 28% short exposure, which 1% increased in longs and 1% decreased in shorts from previous week

This week Euro started at 1.2403 on 3/7, moved up to 1.2445 high, moved down to 1.2273 low on 3/9, where institutions closed their shorts , added long and pushed Euro up to 1.2407 high on 3/13, closed at 1.2389

Longs being added and shorts being closed, it indicates institutions tried to challenge higher price level, but they stopped their attempts below 1.2430 level, which made Eur/Usd lower highs in daily chart.

Euro is currently below 20 day (1.2320) and 50 day (1.23) , last Friday low was 1.2260, it looks bearish unless it can break above 1.2320 the short term resistance,

If it breaks below 1.2260 support, next support lies daily demand zone 1.2230-1.2150

Long Term Bullish but Short Term bearish…

Please note institutions take weeks and months to build a position in the currency market. For Euro, they have built their net long positions since 5/9/2017.
Therefore, the bullish sentiment is more for long term outlook, not intended for short term trading.
Attached Image (click to enlarge)
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