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The Swamp

  • #37,581
  • Jul 3, 2019 5:40am Jul 3, 2019 5:40am
Quoting Boulder
scalp a short here 1290
close this one at 1279, +11,
  • #37,582
  • Jul 3, 2019 5:41am Jul 3, 2019 5:41am
Quoting gatorinla
{quote} 1258/59 ish looks like a support to me..4h 200 at 1275
closing in on support..
those who can, do. those who cant, talk about those who can
  • #37,583
  • Jul 3, 2019 5:50am Jul 3, 2019 5:50am
I don't understand option expiries enough, but it seems price should move back up to the 1290-1300 area over the next 2 hours and then will be free to do what it wants.
  • #37,584
  • Jul 3, 2019 5:56am Jul 3, 2019 5:56am
pa went to 126x/75 before adp. since adp pa has returned. If bulls could not raise this with that bad adp. It leans unlikely it will go much higher than today's high. The bad adp news and the usd rose. That's not the best sign for eu bulls. 1258/73 is the support.

sometimes pa gets in a cycle where bad usd news, has the opposite effect. I think usd pa is getting into this cycle.
those who can, do. those who cant, talk about those who can
  • #37,585
  • Jul 3, 2019 5:57am Jul 3, 2019 5:57am
Quoting unlv_tj
I don't understand option expiries enough, but it seems price should move back up to the 1290-1300 area over the next 2 hours and then will be free to do what it wants.
think option expiry is more like a magnet..
This article may help you...

https://www.fxstreet.com/education/o...a-201805101203
  • #37,586
  • Jul 3, 2019 6:01am Jul 3, 2019 6:01am
Quoting gatorinla
pa went to 126x/75 before adp. since adp pa has returned. If bulls could not raise this with that bad adp. It leans unlikely it will go much higher than today's high. The bad adp news and the usd rose. That's not the best sign for eu bulls. 1258/73 is the support.
we could be looking at a shake out of longs before move happens... bullish is coming its just a question now of when... again only a weekly close below 1.1180/60 would negate this outlook.

Im still hoping for 1.12 zone where i can add bigger positions with tighter stops!
Cheers!!
  • #37,587
  • Jul 3, 2019 6:07am Jul 3, 2019 6:07am
maybe a test of 1145.9/1175 to come. maybe much more, with a Friday close below 1175 (in the next few week). Day/week close below 1257 support look to test 1175..
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those who can, do. those who cant, talk about those who can
  • #37,588
  • Jul 3, 2019 6:08am Jul 3, 2019 6:08am
Quoting Boulder
{quote} think option expiry is more like a magnet.. This article may help you... https://www.fxstreet.com/education/o...a-201805101203
Thank you Boulder. I personally like your trading style, after trying different things for years and years. You and Gator are a great help and I greatly appreciate it. I am glad I stumbled upon this thread.
  • #37,589
  • Jul 3, 2019 6:12am Jul 3, 2019 6:12am
Quoting unlv_tj
{quote} Thank you Boulder. I personally like your trading style, after trying different things for years and years. You and Gator are a great help and I greatly appreciate it. I am glad I stumbled upon this thread.
Thank you univ_tj... you are very kind...
  • #37,590
  • Jul 3, 2019 6:15am Jul 3, 2019 6:15am
Quoting gatorinla
pa went to 126x/75 before adp. since adp pa has returned. If bulls could not raise this with that bad adp. It leans unlikely it will go much higher than today's high. The bad adp news and the usd rose. That's not the best sign for eu bulls. 1258/73 is the support. sometimes pa gets in a cycle where bad usd news, has the opposite effect. I think usd pa is getting into this cycle.
Should those ADP figures be considered bad? Although missed expectations they're up on the previous months figures.
Focus.
  • #37,591
  • Jul 3, 2019 6:17am Jul 3, 2019 6:17am
Filled 1299 short third time..... keep coming back to option expry price area.... TP 10 pips again.. lets see...
  • #37,592
  • Jul 3, 2019 6:32am Jul 3, 2019 6:32am
Quoting Marco-Kanto
{quote} Should those ADP figures be considered bad? Although missed expectations they're up on the previous months figures.
below expectation is considered bad. the miss was % large. go back through the past recent years.. it was a low one.
those who can, do. those who cant, talk about those who can
  • #37,593
  • Jul 3, 2019 6:48am Jul 3, 2019 6:48am
Quoting Boulder
Filled 1299 short third time..... keep coming back to option expry price area.... TP 10 pips again.. lets see...
close out 1289..+10
  • #37,594
  • Jul 3, 2019 7:26am Jul 3, 2019 7:26am
scalp short 1299 fourth time today and 1309....for 10 pips each...

update: out one 1300

Trump again US Pres. Trump: US 'should match' the 'big currency manipulation game' by China,
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  • #37,595
  • Jul 3, 2019 7:36am Jul 3, 2019 7:36am
So we get bad economic numbers this morning and the stock market soars to an all time high. Talk about a giant bubble, but maybe that bubble grows for another decade plus with tons of gains to be made. I certainly don't know.

And on top of it Trump wants even more printing and bubble expansion, LOL.

Impressive Boulder. 20+ minutes until expiration time and price is loving the 1.300 to 1.1290 area.
  • #37,596
  • Jul 3, 2019 7:40am Jul 3, 2019 7:40am
Quoting unlv_tj
So we get bad economic numbers this morning and the stock market soars to an all time high. Talk about a giant bubble, but maybe that bubble grows for another decade plus with tons of gains to be made. I certainly don't know. And on top of it Trump wants even more printing and bubble expansion, LOL. Impressive Boulder. 20+ minutes until expiration time and price is loving the 1.300 to 1.1290 area.
option NY cut 10am NY time
  • #37,597
  • Jul 3, 2019 7:42am Jul 3, 2019 7:42am
Quoting Boulder
scalp short 1299 fourth time today and 1309....for 10 pips each... update: out one 1300 Trump again US Pres. Trump: US 'should match' the 'big currency manipulation game' by China, {image}
closed this at 1291, +9, today total +50 pips... I am done today....
Good luck bulls and bears out there,....

Triple swap today.. price usually drift lower in the afternoon.. ..don't be too aggressive to long much here.. since you might be able to buy lower later
  • #37,598
  • Jul 3, 2019 7:44am Jul 3, 2019 7:44am
Quoting Boulder
{quote} option NY cut 10am NY time
Oh that is right, I was thinking 11 AM EST. I'll make a note of it.
  • #37,599
  • Edited 10:28pm Jul 3, 2019 9:00am | Edited 10:28pm
Pending BUY
cancelled
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A good trader follows his rules, but great trader knows when to break them
  • #37,600
  • Jul 3, 2019 11:06am Jul 3, 2019 11:06am
long summer like a long friday choppy annoying markets

let's take a trip back in time, to 1972:
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When life gives you lemons, make lemonade
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