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The Swamp

  • #37,021
  • Edited 12:29pm Jun 19, 2019 12:11pm | Edited 12:29pm
Thanks Powell for sticking it up to the bloody price movers. Lol... Now I can keep selling EU at every good resistance. 1.1250 was some good entry point. Take profit should be somewhere down in Hades.
  • #37,022
  • Jun 19, 2019 12:14pm Jun 19, 2019 12:14pm
Quoting frankiev2
{quote} I had 1264,5 before FOMC as a cutoff, have moved it to 1255 now. I'll rather get back in higher instead of riding it up no matter tradesize. Was actually expecting FOMC to cause a drop.
see where the NY day closes. it liquid a little. I think below 1224 is less bullish. Maybe even a reject. I view it somewhat bearish below 1273 and bullish above 1227 on close. A little stronger bearish below 1221. The news is out mostly, the conference is not over. pa can still reject with a close..
those who can, do. those who cant, talk about those who can
  • #37,023
  • Jun 19, 2019 12:15pm Jun 19, 2019 12:15pm
Quoting gatorinla
{quote} see where the NY day closes. it liquid a little. I think below 1224 is less bullish. Maybe even a reject. I view it somewhat bearish below 1273 and bullish above 1227 on close. A little stronger bearish below 1221. The news is out mostly, the conference is not over. pa can still reject with a close..
just ended..
those who can, do. those who cant, talk about those who can
  • #37,024
  • Jun 19, 2019 12:17pm Jun 19, 2019 12:17pm
triple swap now may bring it down some. to 1221/27 before close.
those who can, do. those who cant, talk about those who can
  • #37,025
  • Jun 19, 2019 12:18pm Jun 19, 2019 12:18pm
Final result is 5 shorts on avg entry 1231,4 SL at 1256,5 gives me a 0,8% risk. Gives me room for one more if PA wants to show weakness. A shitty deal and not the plan. Tp 1160.
  • #37,026
  • Jun 19, 2019 12:35pm Jun 19, 2019 12:35pm
Xi Jinping may tell DT to kiss his butt. Xi Jinping has a strong hand ahead of elections. Xi Jinping could crash U.S. markets. The trade deal may end up sucking for U.S. DT will be to willing to take a bad deal ahead of elections. W/o a deal, markets will likely suffer. Xi Jinping has the wind to his back. With a deal, it still may not be good. Next FOMC has other U.S. data released the same day.
those who can, do. those who cant, talk about those who can
  • #37,027
  • Jun 19, 2019 12:46pm Jun 19, 2019 12:46pm
Inserted Video
When life gives you lemons, make lemonade
  • #37,028
  • Jun 19, 2019 12:57pm Jun 19, 2019 12:57pm
Quoting gatorinla
{quote} see where the NY day closes. it liquid a little. I think below 1224 is less bullish. Maybe even a reject. I view it somewhat bearish below 1273 and bullish above 1227 on close. A little stronger bearish below 1221. The news is out mostly, the conference is not over. pa can still reject with a close..
I cant relate to some of your numbers, as you have your special way of getting them. I look at both candles, fibs and old levels. By candles alone 1217 would make me stay bearish without reservation. I have your 1227 but most likely from another range. But your numbers usually have good attraction so i respect them.
  • #37,029
  • Jun 19, 2019 1:17pm Jun 19, 2019 1:17pm
Quoting frankiev2
{quote} I cant relate to some of your numbers, as you have your special way of getting them. I look at both candles, fibs and old levels. By candles alone 1217 would make me stay bearish without reservation. I have your 1227 but most likely from another range. But your numbers usually have good attraction so i respect them.
unable to get a foothold below 1221. in 45 min triple swap may test 1221 before close again. but the lower lc should allow a bounce later, even with a close below 1221

1221 and more so 1227 may act like support ascending if it turned bullish.. these are slow movers.. a big R at 1273 and 126x.. 1273 more a large area.. 1248 is a week trend #.. last week closed below all of these.
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those who can, do. those who cant, talk about those who can
  • #37,030
  • Jun 19, 2019 1:30pm Jun 19, 2019 1:30pm
Quoting Mitiblotch
{quote} Anything can work if you know how to use it. Example, when sentiment is to the extremes example 85% buyers to 15% sellers, I can start building shorts at extreme resistances. There are many things people combine to get success. I'm currently not in any trade anyway. Whatever happens I'll try to profit from it at the appropriate time and price.
I still say no. Even the clock whitout batteries will show the time correctly twice a day. So will your sentiment readings do, they will be right many times. Not because sentiment is right but because price moves up and down on all timeframes. Sentiment is a moment in time, but who are longterm, midterm or shortterm? Going against sentiment is as cool as to say 95% of traders are not profitable. Even that fact is wrong. The real number is 80%. I think there is even a webpage doing nothing else than try to use all these sentmentdata and countertrade. They are still not profitable. Extreme levels are rare. And when extreme, then i used to find then correctly positioned. Its the road towards the extreme levels that kills many accounts.

But if you can use it for your trading and profit from it, then you should continue. We all have our small twerks that aids us and make us unique as traders. And if that work for you, hey keep using it.
  • #37,031
  • Jun 19, 2019 2:14pm Jun 19, 2019 2:14pm
Quoting gatorinla
Xi Jinping may tell DT to kiss his butt. Xi Jinping has a strong hand ahead of elections. Xi Jinping could crash U.S. markets. The trade deal may end up sucking for U.S. DT will be to willing to take a bad deal ahead of elections. W/o a deal, markets will likely suffer. Xi Jinping has the wind to his back. With a deal, it still may not be good. Next FOMC has other U.S. data released the same day.
You reckon China is in the pound seats in these negotiations? That means DT will have to back off somewhat in his approach and not implement the 25% increase in tariffs. He sees this 'extra revenue to State coffers' as being a huge win for the US of A. Surely he wont back down too easily from his supposed position of superiority. I mean, this is DT afterall and he has a massive massive ego to stroke.

Are your interpretations in line with this? How do you see this playing out? Obviously for us traders there is huge opportunity in the market as a result of which way things go. Cheers
  • #37,032
  • Jun 19, 2019 3:53pm Jun 19, 2019 3:53pm
Quoting lancedes
{quote} You reckon China is in the pound seats in these negotiations? That means DT will have to back off somewhat in his approach and not implement the 25% increase in tariffs. He sees this 'extra revenue to State coffers' as being a huge win for the US of A. Surely he wont back down too easily from his supposed position of superiority. I mean, this is DT afterall and he has a massive massive ego to stroke. Are your interpretations in line with this? How do you see this playing out? Obviously for us traders there is huge opportunity in the market...
China could lead him around like a dog on a leash.. The market has already hinted w/o a deal. It will drop. The tariffs will be paid for by U.S. consumers. Possibly causing inflation. Add in the floods and tariffs hurting farmers. Forcing prices up on those commodities. The food stamps/subsidies we will give farmers. All paid for by the American worker in taxes and higher cost.

China knows this.. Election is putting it in the light. All China has to do is remind DT about election with a bad economy. He will fold.
those who can, do. those who cant, talk about those who can
  • #37,033
  • Jun 19, 2019 6:14pm Jun 19, 2019 6:14pm
Asia buying euro like crazy broke NY session highs.
  • #37,034
  • Jun 19, 2019 6:36pm Jun 19, 2019 6:36pm
Quoting gatorinla
{quote} my week first line is 1227.. day 1224... more at 126x and 1273.. close below 1227 today is usually a reject.. 1224 stronger. 1227 may be support if it cant close under.
50% 1264. Builder's 4h closed on bull side.
those who can, do. those who cant, talk about those who can
  • #37,035
  • Jun 19, 2019 7:52pm Jun 19, 2019 7:52pm
Quoting frankiev2
{quote} I still say no. Even the clock whitout batteries will show the time correctly twice a day. So will your sentiment readings do, they will be right many times. Not because sentiment is right but because price moves up and down on all timeframes. Sentiment is a moment in time, but who are longterm, midterm or shortterm? Going against sentiment is as cool as to say 95% of traders are not profitable. Even that fact is wrong. The real number is 80%. I think there is even a webpage doing nothing else than try to use all these sentmentdata and countertrade....
I use that tool once in a blue moon. My accuracy is close to 100%. I have once posted my myfxbook link on FF. Don't think you are talking with a struggling trader. I'm just fine. Like I said, I know when to use that tool and when not to. There are other factors considered. You miss the point when you convince yourself that, that image I posted is what determines my trade entries. Your last line sounds condescending; after trashing a method (which any serious trader rarely solely uses) you tell me to keep using it if it works for me. I don't care what real percentages anybody else has, that tool gives me a rough estimate and that's all. Making assumptions is wrong.
  • #37,036
  • Jun 19, 2019 7:55pm Jun 19, 2019 7:55pm
Quoting euroboy2208
Asia buying euro like crazy broke NY session highs.
They usually always buy highs and sell lows. Lol... See how they destroyed gold shorts.
  • #37,037
  • Jun 19, 2019 8:07pm Jun 19, 2019 8:07pm
keeping an eye on 6560 for longs on NU, and 121.35 for shorts in EURJPY, for now...
Look Sharp/Trade Tight
  • #37,038
  • Jun 19, 2019 8:53pm Jun 19, 2019 8:53pm
Quoting gatorinla
{quote} 50% 1264. Builder's 4h closed on bull side.
Yeah thanks asia. Stopped on shorts. Sitting on my hands, not sure if bounce is done. Was to busy looking for the low instead of letting my longs roll. Asia has used most of range today so shorts should be the better option
  • #37,039
  • Jun 19, 2019 9:03pm Jun 19, 2019 9:03pm
Quoting frankiev2
{quote} Would like to see 1155/60 before that number is back on the charts. But if 1255 fails i guess that is the next number to get printed.
I don't have any clear supports today....
Look Sharp/Trade Tight
  • #37,040
  • Edited Jun 20, 2019 12:27am Jun 19, 2019 9:04pm | Edited Jun 20, 2019 12:27am
Quoting frankiev2
{quote} Yeah thanks asia. Stopped on shorts. Sitting on my hands, not sure if bounce is done. Was to busy looking for the low instead of letting my longs roll. Asia has used most of range today so shorts should be the better option
In short 1272. The level is good, low risk, will ride for a few. Can see a possible bull target at 1280.

Edit. Typo should be 1289 not 1280
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