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  • #27,761
  • Dec 20, 2018 9:31am Dec 20, 2018 9:31am
Quoting Boulder
{quote} 3 support levels under... 1.1442 1.1439 1.1422 I may consider 1st long 1420s
made to 1420s as I said.....I closed all my shorts...

long one 1422....maybe I should wait till tomorrow... next long 1402...both for today scalp
Attached Image
  • #27,762
  • Dec 20, 2018 9:57am Dec 20, 2018 9:57am
So the spike must have been profit taking. It also turned right at the falling trendline on weekly. Break this uptrend line with convincingly and maybe we do reach 1.13 and beyond..

I have a short running from 1.14843. I will keep long term.. it's a tiny one.
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  • #27,763
  • Dec 20, 2018 10:09am Dec 20, 2018 10:09am
Quoting Boulder
2 levels printed..... its challenging the daily downtrend stop 1405 again...it needs to stay above at day close to reverse the day trend FP R3 ----------1.1473 RU R3 ----------1.1454 FP R2 ----------1.1442 FP R1 ----------1.1423 RU R2 ----------1.1420 RU R1 ----------1.1399 FP PP ----------1.1393 FP S1 ----------1.1362
Bulls need 1405+ at day close... otherwise day remains in downtrend...which the trend has been running for 58 days...
  • #27,764
  • Dec 20, 2018 10:10am Dec 20, 2018 10:10am
Quoting jaylovin
So the spike must have been profit taking. It also turned right at the falling trendline on weekly. Break this uptrend line with convincingly and maybe we do reach 1.13 and beyond.. I have a short running from 1.14843. I will keep long term.. it's a tiny one. {image} {image}
Great short entry. Well played
A snails pace wins the race :-)
  • #27,765
  • Dec 20, 2018 10:25am Dec 20, 2018 10:25am
Quoting Boulder
{quote} Bulls need 1405+ at day close... otherwise day remains in downtrend...which the trend has been running for 58 days...
at day close.. if pa >1405.. that makes H1, H4 and daily all in uptrend...very bullish,,,,, I will buy every chance I can get..,.,,,,
  • #27,766
  • Dec 20, 2018 10:46am Dec 20, 2018 10:46am
Quoting jaylovin
So the spike must have been profit taking. It also turned right at the falling trendline on weekly. Break this uptrend line with convincingly and maybe we do reach 1.13 and beyond.. I have a short running from 1.14843. I will keep long term.. it's a tiny one. {image} {image}

I change my mind. Cashed at 1.1419... done for the year... it’ll be all over the place
  • #27,767
  • Dec 20, 2018 11:30am Dec 20, 2018 11:30am
Quoting jaylovin
{quote} I change my mind. Cashed at 1.1419... done for the year... it’ll be all over the place

Wow... making a pin bar on daily? I’ve cashed out my account - but buying dips seems to be in favour, I don’t think I will short again unless we break 1.1380..
  • #27,768
  • Dec 20, 2018 12:47pm Dec 20, 2018 12:47pm
Quoting Boulder
{quote} at day close.. if pa >1405.. that makes H1, H4 and daily all in uptrend...very bullish,,,,, I will buy every chance I can get..,.,,,,
Great call on this level. And Gator eyeing a run for 1.2. Trump is threatening a gov't shutdown and won't even sign his own party's funding bill. Meltdown + volatility will give some huge market moves. I vaguely remember a time when the holidays weren't worth trading.
Follow the money --Mark Felt (Deepthroat)
  • #27,769
  • Dec 20, 2018 12:56pm Dec 20, 2018 12:56pm
Quoting Connors
{quote} I know I know, have been extremely busy. Will make the time to get in touch with you over the weekend. Brilliant thread work gents/ladies..!

Aham...never heard that before/sarcasm

Started shorting here at 1.1480 and will keep adding up to 1.1520, cut my losses above that.

Looking to revisit 1.1318 by year's end.

L.E.- got impatient and started at 1470
Why sell the bottoms when you can buy the tops...
  • #27,770
  • Dec 20, 2018 1:08pm Dec 20, 2018 1:08pm
Dow free fall...down 600 ,,,
  • #27,771
  • Dec 20, 2018 1:39pm Dec 20, 2018 1:39pm
Quoting Boulder
Dow free fall...down 600 ,,,
I think the low is set in ES
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  • #27,772
  • Dec 20, 2018 1:49pm Dec 20, 2018 1:49pm
I think US Equities should hold at these levels via strong US Data.
+ Yesterday, FED was very dovish imo (right now equities just finishing the swing down) :

They revised down to 2 hikes for next year but they will probably hike only once when you see their forecast : PCE barely reaching their symetrical target, GDP down 0.2% to a decent 2.3% but sounds now modest + they acknowledged all the downside risks. And probably 0 hike in 2020 (9 vs 8 so far in favour of a hike in the dot plot but things will change as ww slower growth hasn't yet reached the US).

Hope I don't disturb the thread, I'm not really intraday trader but prefer to trade swings using some basics TA and FA.
  • #27,773
  • Dec 20, 2018 2:12pm Dec 20, 2018 2:12pm
I will wait another 4hs to do some numbers. I want to see where pa is then. at a glance pa looks to need 1444 or 1376 ish again. between now and then i dont think pa can get below 1361 before Asia opens. "No" I'm nor saying it going to drop there. later on I should have a better feel. For 1361 to make sence. earlier post need to be read. pa went the 30 pips above 1427.. on the next time frame for this week.. 1488 is the ridgid number, I use 30 pips for the day. the week needs to be larger. to break 1488. pa may need another run and start. maybe 1376.. it may get volatile testing 1488+- 40 (40/50 is arbitrary).. month wise that rigid area is 1630 area.
those who can, do. those who cant, talk about those who can
  • #27,774
  • Dec 20, 2018 2:59pm Dec 20, 2018 2:59pm
dow may catch its breath at 22640.44 this is what I have for Super Rigid support this week (this week only, next week likely lower).. super rigid on month at 22165.50 ish...
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those who can, do. those who cant, talk about those who can
  • #27,775
  • Dec 20, 2018 3:07pm Dec 20, 2018 3:07pm
Quoting Replicant
I think US Equities should hold at these levels via strong US Data. + Yesterday, FED was very dovish imo (right now equities just finishing the swing down) : They revised down to 2 hikes for next year but they will probably hike only once when you see their forecast : PCE barely reaching their symetrical target, GDP down 0.2% to a decent 2.3% but sounds now modest + they acknowledged all the downside risks. And probably 0 hike in 2020 (9 vs 8 so far in favour of a hike in the dot plot but things will change as ww slower growth hasn't yet reached...
this week I kinda agree.. next week, not so much. China slowed copper purchases, that is the pulse of the economy.
those who can, do. those who cant, talk about those who can
  • #27,776
  • Dec 20, 2018 3:17pm Dec 20, 2018 3:17pm
Quoting gatorinla
{quote} this week I kinda agree.. next week, not so much. China slowed copper purchases, that is the pulse of the economy.

Next week, everybody will be busy skiing at Courchevel, Megève or Chamonix
I think we are done for the year and maybe a few weeks but 100% agree for the MT

I'm long in ES and aiming a meaningful dead cat bounce/retrace via dovish FED the next few weeks= > Ideally 2723 as first target
  • #27,777
  • Dec 20, 2018 3:26pm Dec 20, 2018 3:26pm
Quoting Replicant
I think US Equities should hold at these levels via strong US Data. + Yesterday, FED was very dovish imo (right now equities just finishing the swing down) : They revised down to 2 hikes for next year but they will probably hike only once when you see their forecast : PCE barely reaching their symetrical target, GDP down 0.2% to a decent 2.3% but sounds now modest + they acknowledged all the downside risks. And probably 0 hike in 2020 (9 vs 8 so far in favour of a hike in the dot plot but things will change as ww slower growth hasn't yet reached...
both german bund and us bond are down .01%. the German rate is .009%, the u.s. rate is 2.76. they both equally drop .01. but the drop for usd is off 2.76 is 3X bond compared to .09 rate. it means the german bond rate today has gotten 3X higher since yesterday comparable to usd. they both got weaker. the German bund got 3X stronger comparable.
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those who can, do. those who cant, talk about those who can
  • #27,778
  • Dec 20, 2018 3:31pm Dec 20, 2018 3:31pm
Quoting Replicant
{quote} Next week, everybody will be busy skiing at Courchevel, Megève or Chamonix I think we are done for the year and maybe a few weeks but 100% agree for the MT I'm long in ES and aiming a meaningful dead cat bounce/retrace via dovish FED the next few weeks= > Ideally 2723 as first target
what we believe has little to do with the market. The largest close of 2018 is approaching. it makes no difference who is skiing where. you just need 2 people to trade.
those who can, do. those who cant, talk about those who can
  • #27,779
  • Dec 20, 2018 3:57pm Dec 20, 2018 3:57pm
Quoting gatorinla
I will wait another 4hs to do some numbers. I want to see where pa is then. at a glance pa looks to need 1444 or 1376 ish again. between now and then i dont think pa can get below 1361 before Asia opens. "No" I'm nor saying it going to drop there. later on I should have a better feel. For 1361 to make sence. earlier post need to be read. pa went the 30 pips above 1427.. on the next time frame for this week.. 1488 is the ridgid number, I use 30 pips for the day. the week needs to be larger. to break 1488. pa may need another run...
here at 1444 now. I need to add 1343 to 1376. I want to wait till asian session to evaluate.
those who can, do. those who cant, talk about those who can
  • #27,780
  • Dec 20, 2018 3:59pm Dec 20, 2018 3:59pm
Quoting gatorinla
{quote} what we believe has little to do with the market. The largest close of 2018 is approaching. it makes no difference who is skiing where. you just need 2 people to trade.
14 trades today , all wins but 1 small loss.. I am done trading today .. sideline now ...

By the way , with day close now, H1, H4 and day are all in uptrends...bullish... we might see 1500s very soon...
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