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The Swamp

  • #34,801
  • May 10, 2019 2:25pm May 10, 2019 2:25pm
Quoting gatorinla
late in the day. usually not much movement. pa just closed the h under 1231. possibly to close under 1214.. This late in the day/week. I wouldn't bet on it. it didnt bounce much earlier. it was unable to get a footing over 1250. I thought it would have slapped it down yesterday much deeper. Maybe the bear is sneaking back in.
There's movements in GU, AU and NU...all except EU...watching this pair is really..
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  • #34,802
  • May 10, 2019 5:02pm May 10, 2019 5:02pm
next week R looks to still be at 1249 area or 1309, week wise. day wise, the close above 1214 tends to be bullish.. Day wise too may have some R at 1249 area. the 12h has moved higher. closing a day or 12h below 1196 is likely bearish Monday. Day close above 1211 leans bullish against a larger trend. The highs last week were all rejected on a lower week level.
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those who can, do. those who cant, talk about those who can
  • #34,803
  • May 10, 2019 7:21pm May 10, 2019 7:21pm
the idiot is just making it worse on himself...the chinese will keep him from being reelected cause the dollah will reach new highs on my monthly chart and the stock market will crater in time for the reelection


https://www.zerohedge.com/news/2019-...-billion-china

good for me cause im long yen
buy the rumor,sell the news
  • #34,804
  • May 11, 2019 6:00am May 11, 2019 6:00am
Reading May 7 COT report, seeing institutions and hedge funds increased Euro bearish bet to maximum level since 2016
Their net short positions increased last week by 561 contracts. The closing price on that day was 1.1190
Retail traders need to consider the fact that institutions have no intention to keep price up in the end
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  • #34,805
  • May 11, 2019 6:51am May 11, 2019 6:51am
Quoting Boulder
Reading May 7 COT report, seeing institutions and hedge funds increased Euro bearish bet to maximum level since 2016 Their net short positions increased last week by 561 contracts. The closing price on that day was 1.1190 Retail traders need to consider the fact that institutions have no intention to keep price up in the end {image}

isn't this a contrarion indicator usually? I never really understood how this works... looking at the charts... 1210, 1175 and 1153 is where i look for breaks but at this point we are above those.... and DXY is back below resistance... weekly euro is ready for more up so i wouldn't rule 1.1429 out of the question.

I will no longer scalp shorts until 1175 breaks... got burnt on friday with a loss. I will wait out Monday and see what Tuesday brings

EDIT: My 1.08xx target is still valid and I still look for it
  • #34,806
  • Edited 7:51am May 11, 2019 7:39am | Edited 7:51am
Quoting jaylovin
{quote} isn't this a contrarion indicator usually? I never really understood how this works... looking at the charts... 1210, 1175 and 1153 is where i look for breaks but at this point we are above those.... and DXY is back below resistance... weekly euro is ready for more up so i wouldn't rule 1.1429 out of the question. I will no longer scalp shorts until 1175 breaks... got burnt on friday with a loss. I will wait out Monday and see what Tuesday brings EDIT: My 1.08xx target is still valid and I still look for it
Week is about 130x. Pa didnt hit it. pa stopped on a good outer band of week pa 1250.. I wouldn't count week out. daily pa outer band was checked at 1253.. it may collapse early next week. the 4h 200 ema was tested, the week did close below it. Bulls did make an effort, I still lean toward bears. Even if its just to find a lower place for bulls to gather for a 1315 attempt. If pa finds some closes below 1193 again. Bears should try to punch out 1145 or more. 1145 is a big one, with the month having 19 days to go. Bears may have a rough time holding it for 19 days. The larger tf are still bearish.
those who can, do. those who cant, talk about those who can
  • #34,807
  • May 11, 2019 7:46am May 11, 2019 7:46am
Quoting gatorinla
{quote} Week is about 130x. Pa didnt hit it. pa stopped on a good outer band of week pa 1250.. I wouldn't count week out. daily pa outer band was checked at 1253.. it may collapse early next week
If it does it might help turn the fall into a rally. I would Need to see a reaction first however.

On the sidelines unless i spot a scalp
  • #34,808
  • May 11, 2019 8:24am May 11, 2019 8:24am
Quoting jaylovin
{quote} If it does it might help turn the fall into a rally. I would Need to see a reaction first however. On the sidelines unless i spot a scalp
as long as the swap is 2.5% the odds of are rally a muted.
those who can, do. those who cant, talk about those who can
  • #34,809
  • May 11, 2019 8:50am May 11, 2019 8:50am
Quoting jaylovin
{quote} isn't this a contrarion indicator usually? I never really understood how this works... looking at the charts... 1210, 1175 and 1153 is where i look for breaks but at this point we are above those.... and DXY is back below resistance... weekly euro is ready for more up so i wouldn't rule 1.1429 out of the question. I will no longer scalp shorts until 1175 breaks... got burnt on friday with a loss. I will wait out Monday and see what Tuesday brings EDIT: My 1.08xx target is still valid and I still look for it
Exactly opposite.. we retail traders are small fish, ..we are better off to swim with the sharks in the long run.....institutions first lure retail into longs, their real intention is to dump longs to retail in the end......they have been reducing longs in their books...
  • #34,810
  • May 11, 2019 9:03am May 11, 2019 9:03am
Quoting Boulder
{quote} Exactly opposite.. we retail traders are small fish, ..we are better off to swim with the sharks in the long run.....institutions first lure retail into longs, their real intention is to dump longs to retail in the end......they have been reducing longs in their books...
i think these reports are lagging indicators
When life gives you lemons, make lemonade
  • #34,811
  • May 11, 2019 9:34am May 11, 2019 9:34am
Quoting micho
{quote} i think these reports are lagging indicators
I don't feel its lagging indicator.. for me its more like forward looking indicator.. so you prepare for the future......don't get lured in the the present...
  • #34,812
  • May 11, 2019 11:16am May 11, 2019 11:16am
Quoting gatorinla
{quote} as long as the swap is 2.5% the odds of are rally a muted.
Damn really? Wish i had sold at 1.25 and kept
  • #34,813
  • May 11, 2019 11:19am May 11, 2019 11:19am
We are currently in triangle .Any way of breakout will follow the move
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  • #34,814
  • May 11, 2019 12:34pm May 11, 2019 12:34pm
Quoting wasntme
the idiot is just making it worse on himself...the chinese will keep him from being reelected cause the dollah will reach new highs on my monthly chart and the stock market will crater in time for the reelection https://www.zerohedge.com/news/2019-...-billion-china good for me cause im long yen

im short AJ even tho it looks to be like it wants to bottom and retest the gap but because of this article that trump is adding even more tariffs i do believe ssundays asian session might have some fireworks

thats why i moved my TP orders from 76.40 where i was gona go long for that gap test to 75.40 which i think will get hit before n.y. open and who knows we might even get a flash crash which now come to think of it i shud put a small TP at 74.00 just in case so i can have bragging rights
buy the rumor,sell the news
  • #34,815
  • May 11, 2019 12:56pm May 11, 2019 12:56pm
Quoting Boulder
{quote} I don't feel its lagging indicator.. for me its more like forward looking indicator.. so you prepare for the future......don't get lured in the the present...
ok maybe when we hit 1.22 before you get a long report you will be convinced by my opinion on it
When life gives you lemons, make lemonade
  • #34,816
  • May 12, 2019 3:00am May 12, 2019 3:00am
Anyone seeing this crazy bitcoin surge? Any ideas how high its heading. Some people are calling it the parabolic phase. Your views and analysis appreciated
  • #34,817
  • May 12, 2019 4:18am May 12, 2019 4:18am
Quoting mars1
Anyone seeing this crazy bitcoin surge? Any ideas how high its heading. Some people are calling it the parabolic phase. Your views and analysis appreciated
I don't really want to get into a big technical analysis cause this isn't a crypto thread. But historical price patterns don't like breaking new highs any time soon. Parabolic phases are taking longer to arrive as more money flows in. This is a technical correction, which should give everyone another chance to buy cheaper by Jan. Cheaper than 7 but not 3. Don't FOMO. BTC dominance against alts is also hitting resistance. High quality alts oversold against BTC might be a good bet.
  • #34,818
  • May 12, 2019 9:56am May 12, 2019 9:56am
Quoting stevefx
{quote} I don't really want to get into a big technical analysis cause this isn't a crypto thread. But historical price patterns don't like breaking new highs any time soon. Parabolic phases are taking longer to arrive as more money flows in. This is a technical correction, which should give everyone another chance to buy cheaper by Jan. Cheaper than 7 but not 3. Don't FOMO. BTC dominance against alts is also hitting resistance. High quality alts oversold against BTC might be a good bet.
Thanks Steve. I understand this is not a crypto thread. Just wanted some valuable inputs. When you say 7 and not 3 are you talking about 7000 dollars?
  • #34,819
  • May 12, 2019 10:19am May 12, 2019 10:19am
Quoting stevefx
{quote} I don't really want to get into a big technical analysis cause this isn't a crypto thread. But historical price patterns don't like breaking new highs any time soon. Parabolic phases are taking longer to arrive as more money flows in. This is a technical correction, which should give everyone another chance to buy cheaper by Jan. Cheaper than 7 but not 3. Don't FOMO. BTC dominance against alts is also hitting resistance. High quality alts oversold against BTC might be a good bet.
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those who can, do. those who cant, talk about those who can
  • #34,820
  • May 12, 2019 11:45am May 12, 2019 11:45am
Quoting mars1
{quote} Thanks Steve. I understand this is not a crypto thread. Just wanted some valuable inputs. When you say 7 and not 3 are you talking about 7000 dollars?
Yes that's right.
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