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The Swamp

  • #24,641
  • Oct 5, 2018 10:29am Oct 5, 2018 10:29am
Quoting Boulder
{quote} what is that jump...glad I am all out 1516..... thanks Gator.. {image}
looks like a lower week and day close. Bearish looking for next week.. I'm placing a pending short 1624, just in case.. another at your R1 with a tighter stop..
those who can, do. those who cant, talk about those who can
  • #24,642
  • Oct 5, 2018 10:45am Oct 5, 2018 10:45am
Later std... gotta wash my ass and do stuff.<>
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those who can, do. those who cant, talk about those who can
  • #24,643
  • Oct 5, 2018 2:02pm Oct 5, 2018 2:02pm
pitchforks on daily chart say maybe not much time left

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  • #24,644
  • Oct 5, 2018 5:01pm Oct 5, 2018 5:01pm
Quoting longshot_nl
hotspot for short {image}
timing wrong.
level right.

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  • #24,645
  • Oct 5, 2018 9:52pm Oct 5, 2018 9:52pm
Quoting longshot_nl
{quote} why wasting your time? why incorrect swings? group therapy is here tell us more.
Springsteen did not write this song. He is not the original recording artist. He did not "invent" this song.

However, his performance of this song is far and away superior to the original.

This is how we progress ---- by improving and building upon that which came before.
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'Nuff said.
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  • #24,646
  • Edited 5:10am Oct 6, 2018 4:49am | Edited 5:10am
Quoting BlueCirrus
{quote} Springsteen did not write this song. He is not the original recording artist. He did not "invent" this song. However, his performance of this song is far and away superior to the original. This is how we progress ---- by improving and building upon that which came before. https://www.youtube.com/watch?v=L-Ds-FXGGQg 'Nuff said. {image}
yes correct.
i learned some new stuff. a never ending process.
i learned what ping pong is and price moves sideways the morning before nfp.
i would really like seeing it ping at 1625.

entirely possible.
simple break with retest. and target at 1621
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  • #24,647
  • Oct 6, 2018 5:55am Oct 6, 2018 5:55am
Quoting longshot_nl
{quote} yes correct. i learned some new stuff. a never ending process. i learned what ping pong is and price moves sideways the morning before nfp. i would really like seeing it ping at 1625. entirely possible. simple break with retest. and target at 1621 {image}
Have a pending BUY
Targeting 160x
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A good trader follows his rules, but great trader knows when to break them
  • #24,648
  • Edited 7:52am Oct 6, 2018 7:18am | Edited 7:52am
Quoting longshot_nl
pitchforks on daily chart say maybe not much time left {image}
some violation allowed as seen here.

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i like pitchforks as indication of direction.

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  • #24,649
  • Edited 9:45am Oct 6, 2018 8:45am | Edited 9:45am
Quoting longshot_nl
{quote} yes correct. i learned some new stuff. a never ending process. i learned what ping pong is and price moves sideways the morning before nfp. i would really like seeing it ping at 1625. entirely possible. simple break with retest. and target at 1621 {image}
Yes - ping pong....equal swings on either side of a reference point...........and yes, usually sideways PA preceding major news - NFP and FOMC mostly...

1625 very possible, and it looks convincing...

Here's an alternate view with details on the chart. I like your trendline, so I placed an additional blue one on this chart to consider. I've also noticed that you use Harmonics, so there is a tan fib tool with Harmonics levels overlayed on the chart to show a potential Gartley too. (The trendline and potential Gartley just happen to coincide with my sequence levels.)
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I also noticed that you use pitchforks -- Here's a weekly chart with one ZUP pitchfork and one hand drawn one.....Looks pretty convincing too!
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  • #24,650
  • Oct 6, 2018 11:58am Oct 6, 2018 11:58am
How Institutions Position Themselves In Euro/Usd This Week

This week, institutions turned bearish after 4 consecutive weeks bullish Euro bets , which was shown in the latest COT as of Tuesday, Oct 2, 2018.

The institutions net long Euro positions decreased last week by 10,797 contracts to negative 7,101 contracts,

7,688 long positions were closed, and 3,109 short positions were added as well. Now Longs total 164,738 contracts vs shorts total 171,839 contracts .

49% long exposure vs 51% short exposure, which 2% decreased in longs and 2% increased in shorts from the previous week

During COT week, Euro started at 1.1765, rallied to 1.1798 high, started to sell off down to 1.1505 low , closed at 1.1547

Net positioning in the EUR remains near neutral but saw a modest increase in bearish sentiment in this week’s data—which caused EUR over 300 pips sale off

Euro tested daily supply zone 1.1750 to 1.1850 and failed to break, the same as it has been for last 4 months.
then came down to test daily demand zone 1.1616-1.1520. it broke below after COT. Currently Euro recovered some, back to test old support now turns into resistance. Unless it can move back above 1.1620 to overturn the bearish outlook, Euro will be on its way to test next demand zone 1.1350-1.13

Institutions Sentiment: Bearish to Neutral

Please note institutions take weeks and months to build a position in the currency market.
Therefore, the bullish or bearish sentiment is more for a long term outlook, not intended for short term trading.
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  • #24,651
  • Edited 5:53pm Oct 6, 2018 5:41pm | Edited 5:53pm
Quoting BlueCirrus
{quote} Yes - ping pong....equal swings on either side of a reference point...........and yes, usually sideways PA preceding major news - NFP and FOMC mostly... 1625 very possible, and it looks convincing... Here's an alternate view with details on the chart. I like your trendline, so I placed an additional blue one on this chart to consider. I've also noticed that you use Harmonics, so there is a tan fib tool with Harmonics levels overlayed on the chart to show a potential Gartley too. (The trendline and potential Gartley just happen to coincide...
gartley is ok i noticed it too but target not enough pips for me to risk it. although 1568 seems to be a pong too.
the greater tf is stronger, 1625 ping could 1408 pong.
plotted both levels in my pitchfork.

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i like your pitchforks.
a bit long term though.
  • #24,652
  • Edited Oct 7, 2018 4:46am Oct 6, 2018 10:02pm | Edited Oct 7, 2018 4:46am
The road to 1.13000 ...

And SR_Level indicator with Daily, Weekly and Monthly SR levels available also when Market is closed ... the ex4 file is to skip the MT4 restarting process ...
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Attached File(s)
File Type: mq4 SR_Levels.mq4   13 KB | 329 downloads
File Type: ex4 SR_Levels.ex4   16 KB | 342 downloads
I am who I am
  • #24,653
  • Oct 7, 2018 4:59am Oct 7, 2018 4:59am
GBPAUD grandfather makes resistance

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MT4, QChartist, Stooq, Alpha Vantage, TC 2000, TradingView, Yahoo Finance
  • #24,654
  • Oct 7, 2018 5:10am Oct 7, 2018 5:10am
Quoting JulienM2
GBPAUD grandfather makes resistance {image}{image}{image}{image}{image}
In this trade after it has made a higher high at the sell price, I will get the heck out. It hurts me to see my account in the red and swimming.

Good Luck
  • #24,655
  • Oct 7, 2018 6:20am Oct 7, 2018 6:20am
Quoting BlueCirrus
{quote} Yes - ping pong....equal swings on either side of a reference point...........and yes, usually sideways PA preceding major news - NFP and FOMC mostly... 1625 very possible, and it looks convincing... Here's an alternate view with details on the chart. I like your trendline, so I placed an additional blue one on this chart to consider. I've also noticed that you use Harmonics, so there is a tan fib tool with Harmonics levels overlayed on the chart to show a potential Gartley too. (The trendline and potential Gartley just happen to coincide...
you trade gu?

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  • #24,656
  • Oct 7, 2018 8:59am Oct 7, 2018 8:59am
just puzzling.
probably wrong but shows big swings more then 3000 pips total if correct.

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  • #24,657
  • Oct 7, 2018 10:14am Oct 7, 2018 10:14am
Inserted Code
while (alive)
{
  getRich() || dieTryin();
}
And_it's_GONE(!!!!!!);
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I am who I am
  • #24,658
  • Oct 7, 2018 11:27am Oct 7, 2018 11:27am
I just love him...

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  • #24,659
  • Oct 7, 2018 11:45am Oct 7, 2018 11:45am
Looking at the position of 200MA I also see further upside for pound https://charts.mql5.com/19/331/gbpus...ivision1-3.png
  • #24,660
  • Oct 7, 2018 6:39pm Oct 7, 2018 6:39pm
Eur/Usd: Key Target Levels For 10/8/2018,

Shorts/Support Levels: S1: 1.1500 S2:1.1482 S3: 1.1452

Longs/Resistance Levels: R1: 1.1537 R2:1.1555 R3: 1.1585

Currently @8pm est

1H Uptrend stop : 1.1493;
4H Downtrend stop : 1.1573
Daily Downtrend stop : 1.1791
Trading Strategy: Mixed signals , Range trade
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