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The Swamp

  • #24,341
  • Sep 28, 2018 1:50am Sep 28, 2018 1:50am
overextended....the 3 majors all show signs of possible PB's at least to the 20 ema (60m)......but I will trade what is there not what I think it will be....
trading is simple but is simple is not easy.
  • #24,342
  • Sep 28, 2018 2:21am Sep 28, 2018 2:21am
Quoting ZenNy
overextended....the 3 majors all show signs of possible PB's at least to the 20 ema (60m)......but I will trade what is there not what I think it will be....
Looks like only reversal at 1.1525
no PB
A good trader follows his rules, but great trader knows when to break them
  • #24,343
  • Sep 28, 2018 2:23am Sep 28, 2018 2:23am
Quoting JulienM2
{quote} Closed now because i want to sleep. Normally i exit my trade with this template: {image}
Exit here
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  • #24,344
  • Sep 28, 2018 3:25am Sep 28, 2018 3:25am
Quoting ill_be_back
{quote} Looks like only reversal at 1.1525 no PB
ok...I hope you are right....
trading is simple but is simple is not easy.
  • #24,345
  • Sep 28, 2018 4:26am Sep 28, 2018 4:26am
Quoting ZenNy
{quote} ok...I hope you are right....
took 21
Attached Image
trading is simple but is simple is not easy.
  • #24,346
  • Sep 28, 2018 5:40am Sep 28, 2018 5:40am
Taken a risky long 15903... SL -10
Focus.
  • #24,347
  • Sep 28, 2018 5:42am Sep 28, 2018 5:42am
Quoting gatorinla
nice wedge here.. bears are strong.. but, the wedge may be bullish on break {image}
just a small bounce after of 18 pips. meanwhile the bears continue.. where pa sits now between 1598 and 1557.8. is a place the reaction should be watched.. I believe most times 1557.8 will be reached. The trend this week is down. Last months close at 1598 could determine some future moves.
1. I dont have a time line for 1557.8. if it happens today, and closes the month above 1598.8. It may not remain bearish.

2. If it is unable to reach 1557.8 before closing the month, and closes the month above.. it may be a bullish sign. but it still may drop to 1557.8 minimal before up.

w/o those 2 above, it would close below 1598. A new month lower close.

Q2 close 1682

G3 still open..

another possible entry below 1557 is 1516.. I called it norm month ago.. I thought it would have been hit, but it stopped at 1525.. I suck sometimes.. I had a entry there.. on my hands atm...
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those who can, do. those who cant, talk about those who can
  • #24,348
  • Sep 28, 2018 5:51am Sep 28, 2018 5:51am
Quoting Boulder
Eur/Usd: Key Target Levels For 9/28/2018, Shorts/Support Levels: S1: 1.1604 S2:1.1571 S3: 1.1517 Longs/Resistance Levels: R1: 1.1670 R2:1.1703 R3: 1.1757 Currently @10pm est 1H Downtrend stop : 1.1717; 4H Downtrend stop : 1.1777 Daily Uptrend stop : 1.1542 Trading Strategy: Short
just woke up and saw shorts Tp1 reached an hour ago.. .. next Tp2 1571 to go...remember daily uptrend stop is 1542...
  • #24,349
  • Sep 28, 2018 6:00am Sep 28, 2018 6:00am
Quoting Marco-Kanto
Taken a risky long 15903... SL -10
Should've sold it. Out -10
Focus.
  • #24,350
  • Sep 28, 2018 6:08am Sep 28, 2018 6:08am
this trend is too slow (as it does not want to be noticed) which often means strong trend....Personally I would not counter trend this one unless there is strong reversal bar in my TF .........
trading is simple but is simple is not easy.
  • #24,351
  • Sep 28, 2018 6:10am Sep 28, 2018 6:10am
Quoting Boulder
Eur/Usd: Key Target Levels For 9/28/2018, Shorts/Support Levels: S1: 1.1604 S2:1.1571 S3: 1.1517 Longs/Resistance Levels: R1: 1.1670 R2:1.1703 R3: 1.1757 Currently @10pm est 1H Downtrend stop : 1.1717; 4H Downtrend stop : 1.1777 Daily Uptrend stop : 1.1542 Trading Strategy: Short
Tp2 reached ...
next daily uptrend stop 1542.. it usually should hold.. if not... TP3 1517 coming up...
  • #24,352
  • Edited 6:54am Sep 28, 2018 6:42am | Edited 6:54am
i took another shot.
closest support at 3/4 level.
targeting 1721 this time.

edit: should be 1/4 i think.

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  • #24,353
  • Sep 28, 2018 8:22am Sep 28, 2018 8:22am
so bearish.. just not enough bounce for me to short this... I don't want to long Euro/usd either.. since Monday we have Soma day... better sell it and make money which had 100% success rate on previous those days
  • #24,354
  • Edited 9:43am Sep 28, 2018 8:53am | Edited 9:43am
Quoting gatorinla
{quote} just a small bounce after of 18 pips. meanwhile the bears continue.. where pa sits now between 1598 and 1557.8. is a place the reaction should be watched.. I believe most times 1557.8 will be reached. The trend this week is down. Last months close at 1598 could determine some future moves. 1. I dont have a time line for 1557.8. if it happens today, and closes the month above 1598.8. It may not remain bearish. 2. If it is unable to reach 1557.8 before closing the month, and closes the month above.. it may be a bullish...
I have 1557x as the halfback mid of the entire move up, but more importantly, as the 155.9 bounce level of the current short term bear proj. It can, but does not have to, bounce back to 1732x from there. 1516x? --- pretty sure that is dead and gone...lol
Either halfback at 1557x, or 1444x, the LM of the sequence that has been working perfectly for the last couple of months, will likely send it on towards 1.125Xx....(Should be 1.205Xx)

Note the areas and levels marked in blue on the chart...........This is not something I just made up on a whim. I've observed hundreds of examples of this behavior at these levels on all timeframes over the past six years or so, and this sequence has been following the script to the "T". You have to actually study the chart to understand. A particular example is the pullback on September 10th --- 1.15265 (shown on the chart) is the correct pullback spot after hitting "1st target", also shown on the chart. It's all about what projection leg you use.
Note that the aquamarine colored sequence is the one I am referring to.
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  • #24,355
  • Sep 28, 2018 9:30am Sep 28, 2018 9:30am
Never got a decent BOUNCE
about 45 more to go for 1525
Pending at
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A good trader follows his rules, but great trader knows when to break them
  • #24,356
  • Edited 10:13am Sep 28, 2018 10:03am | Edited 10:13am
Quoting ill_be_back
Never got a decent BOUNCE about 45 more to go for 1525 Pending at {image}
now its bounce... .. I am shorting Euro and GBP now ..20 pips stop loss...
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  • #24,357
  • Sep 28, 2018 10:16am Sep 28, 2018 10:16am
Quoting Boulder
Eur/Usd: Key Target Levels For 9/28/2018, Shorts/Support Levels: S1: 1.1604 S2:1.1571 S3: 1.1517 Longs/Resistance Levels: R1: 1.1670 R2:1.1703 R3: 1.1757 Currently @10pm est 1H Downtrend stop : 1.1717; 4H Downtrend stop : 1.1777 Daily Uptrend stop : 1.1542 Trading Strategy: Short
have to say... what a reversal from TP 2 ..1571... level...
  • #24,358
  • Sep 28, 2018 10:19am Sep 28, 2018 10:19am
1628 is a pong using month as pp.. sometimes thats all u get
those who can, do. those who cant, talk about those who can
  • #24,359
  • Sep 28, 2018 10:20am Sep 28, 2018 10:20am
Quoting gatorinla
1628 is a pong using month as pp.. sometimes thats all u get
thank you for pong.. my shorts may survive... lol..
  • #24,360
  • Sep 28, 2018 10:22am Sep 28, 2018 10:22am
Quoting BlueCirrus
{quote} I have 1557x as the halfback mid of the entire move up, but more importantly, as the 155.9 bounce level of the current short term bear proj. It can, but does not have to, bounce back to 1732x from there. 1516x? --- pretty sure that is dead and gone...lol Either halfback at 1557x, or 1444x, the LM of the sequence that has been working perfectly for the last couple of months, will likely send it on towards 1.125Xx....(Should be 1.205Xx) Note the areas and levels marked in blue on the chart...........This is not something I just made up on...
i put one at 1559 just in case bulls touch it for a 1598 close or a 1682 close
those who can, do. those who cant, talk about those who can
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