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The Swamp

  • #36,281
  • Jun 6, 2019 6:38am Jun 6, 2019 6:38am
Quoting gatorinla
{quote} thats the week number. that's why it stopped there yesterday. but it dropped from 1264. the day closed below 1264, 1264 is the dominant week number. Irt it changed to 1218 now.
Impulsive channel projects EURUSD to a price of 1.1313 or slightly higher.

Let's see whether the market will give us this price within the next 24 hours.
  • #36,282
  • Jun 6, 2019 6:39am Jun 6, 2019 6:39am
Quoting Mitiblotch
{quote} Maybe people do not factor in fundamentals to their trading. Yesterday's daily candle was a furious red candle with equally furious rejection at the top. How 1.1218 should serve as today's support beats me. If price flew from 1.115 to above 1.13 without even correcting, what stops it diving straight to 1.115 without looking back? When the daily speaks we should better follow it. I hope you kept your shorts?
close the ny day below 1218. makes it likely the day 118x will be tested and beat. close ny above 1264, and 1273 puts 1315 1332 in a probable category. bulls have a disadvantage already. being back below 1264 and 1273 now. pa leans with bears atm
those who can, do. those who cant, talk about those who can
  • #36,283
  • Jun 6, 2019 6:52am Jun 6, 2019 6:52am
scalp a short here 1252..
  • #36,284
  • Jun 6, 2019 7:00am Jun 6, 2019 7:00am
Quoting Boulder
scalp a short here 1252..
closed a long scalp at 1270 from 1259..
  • #36,285
  • Jun 6, 2019 7:02am Jun 6, 2019 7:02am
Quoting gatorinla
{quote} close the ny day below 1218. makes it likely the day 118x will be tested and beat. close ny above 1264, and 1273 puts 1315 1332 in a probable category. bulls have a disadvantage already. being back below 1264 and 1273 now. pa leans with bears atm
testing now..
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #36,286
  • Jun 6, 2019 7:05am Jun 6, 2019 7:05am
adr spent mostly.. bulls need to take 1273+, or week will force 1218 to be tested again. Some range between. that break down set up 1132 if bulls fail.
those who can, do. those who cant, talk about those who can
  • #36,287
  • Jun 6, 2019 7:12am Jun 6, 2019 7:12am
if you want to listen to Draghi in 17 mins....

Inserted Video
  • #36,288
  • Jun 6, 2019 7:18am Jun 6, 2019 7:18am
Back into yesterday's H4/H1 supply. This needs to hold right here. Starting to see some rejection on the lower timeframes.

Had a few shorts triggered on limit orders.

Need Draghi to shift it to the downside. If it sticks here the daily candle will close bullish.
Attached Image (click to enlarge)
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  • #36,289
  • Jun 6, 2019 7:28am Jun 6, 2019 7:28am
Quoting C-12
Back into yesterday's H4/H1 supply. This needs to hold right here. Starting to see some rejection on the lower timeframes. Had a few shorts triggered on limit orders. Need Draghi to shift it to the downside. If it sticks here the daily candle will close bullish. {image}
bullish into week 1264.. may kick day bulls in the nuts. Month 1273 is no different for bulls than 1141 was for bears last month. its best to close above 1273 for bulls. even than 1332 is another.
those who can, do. those who cant, talk about those who can
  • #36,290
  • Jun 6, 2019 7:32am Jun 6, 2019 7:32am
Draghis about to speak
those who can, do. those who cant, talk about those who can
  • #36,291
  • Jun 6, 2019 7:36am Jun 6, 2019 7:36am
Quoting C-12
Back into yesterday's H4/H1 supply. This needs to hold right here. Starting to see some rejection on the lower timeframes. Had a few shorts triggered on limit orders. Need Draghi to shift it to the downside. If it sticks here the daily candle will close bullish. {image}
This pair might not be selling until it reaches 1.1313 or slightly higher.

I posted this earlier.
  • #36,292
  • Jun 6, 2019 7:38am Jun 6, 2019 7:38am
Quoting pipcenturion
{quote} Impulsive channel projects EURUSD to a price of 1.1313 or slightly higher. Let's see whether the market will give us this price within the next 24 hours.
It is doing this in super quick time!
  • #36,293
  • Jun 6, 2019 7:39am Jun 6, 2019 7:39am
Quoting pipcenturion
{quote} This pair might not be selling until it reaches 1.1313 or slightly higher. I posted this earlier.
Yep, already lightened out of this short and about to kill it.
  • #36,294
  • Jun 6, 2019 8:09am Jun 6, 2019 8:09am
added shorts at 1304, 1291 and 1284.. cash out as I go...thanks Draghi..

cash put here 1267 and 1272..
  • #36,295
  • Jun 6, 2019 8:10am Jun 6, 2019 8:10am
Draghis Q1 better than expected.. Future Q estimates reduced. Other than Q1, the rest sounded euro bearish to me. From Italy to rates, to no inflation, trade worries. He even spoke about cutting rates. I dont get it holding above 1218.
those who can, do. those who cant, talk about those who can
  • #36,296
  • Jun 6, 2019 8:10am Jun 6, 2019 8:10am
Quoting Boulder
added shorts at 1304, 1291 and 1284.. cash out as I go...thanks Draghi..
i got one more.
those who can, do. those who cant, talk about those who can
  • #36,297
  • Jun 6, 2019 8:15am Jun 6, 2019 8:15am
Quoting gatorinla
{quote} i got one more.
That was a gift to short at 1300+ again..unfortunately, I only grab one..
  • #36,298
  • Jun 6, 2019 8:17am Jun 6, 2019 8:17am
Quoting Boulder
added shorts at 1304, 1291 and 1284.. cash out as I go...thanks Draghi.. cash put here 1267 and 1272..
he is talking about geopolitical trade worries.. hint,, Mexico and China tariffs. Weaker growth reflecting trade.
those who can, do. those who cant, talk about those who can
  • #36,299
  • Jun 6, 2019 8:34am Jun 6, 2019 8:34am
scalp short again at 1280...will add ..
  • #36,300
  • Jun 6, 2019 8:35am Jun 6, 2019 8:35am
Quoting Boulder
{quote} That was a gift to short at 1300+ again..unfortunately, I only grab one..
If you are more patient, you will get a better entry than what you already have.

Be patient until price gets above 1.1313 before selling.
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