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The Swamp

  • #37,881
  • Jul 15, 2019 5:32am Jul 15, 2019 5:32am
Quoting Boulder
from Ransquawk.. {image}
Seems very light day ahead
  • #37,882
  • Jul 15, 2019 5:50am Jul 15, 2019 5:50am
7/15/2019 levels

MP PP ----------1.1314
WP R2 ----------1.1307
FP R3 ----------1.1298
RU R3 ----------1.1288
WP R1 ----------1.1286
FP R2 ----------1.1284
RU R2 ----------1.1282
RU R1 ----------1.1278
FP R1 ----------1.1275
FP PP ----------1.1261
RU S1 ----------1.1257
WP PP ----------1.1250
FP S1 ----------1.1247
RU S2 ----------1.1247
FP S2 ----------1.1238
RU S3 ----------1.1231
  • #37,883
  • Jul 15, 2019 5:53am Jul 15, 2019 5:53am
A few datapoints atm:

H1 uptrend stop 1.1259
H4 Uptrend stop 1.1235
Day Uptrend stop 1.1183
Week Downtrend stop 1.1376
Month uptrend stop 1.1145
  • #37,884
  • Jul 15, 2019 7:00am Jul 15, 2019 7:00am
Quoting Boulder
from Ransquawk.. {image}
testing H1 uptrend stop 1.1263,,,
  • #37,885
  • Jul 15, 2019 7:02am Jul 15, 2019 7:02am
Quoting Boulder
from Ransquawk.. {image}
option expry pull..
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  • #37,886
  • Jul 15, 2019 7:19am Jul 15, 2019 7:19am
Holding a sell from 1.1282. Closed 5 of them and left one. Looking to buy as low as possible. EU is a sell for me, but it appears price wants to touch 1.13 so I may hop in on that ride to the top where I'd join the bear train again.
  • #37,887
  • Jul 15, 2019 8:32am Jul 15, 2019 8:32am
Quoting gatorinla
gbp is hitting 2560 atm.. that is often a good R.. gbp hitting 2560 R, may push eu down first. possible clue
GBP 1h rolled to the bear side now.
those who can, do. those who cant, talk about those who can
  • #37,888
  • Jul 15, 2019 8:49am Jul 15, 2019 8:49am
Quoting Boulder
{quote} testing H1 uptrend stop 1.1263,,,
I dont get it. Account equity improved 500 from start. Now getting nervous with a 50 dradown? That's a 3% drawdown on 4 pairs (excluding older trade). Right at the point its time pay attention.
those who can, do. those who cant, talk about those who can
  • #37,889
  • Jul 15, 2019 9:02am Jul 15, 2019 9:02am
Quoting gatorinla
{quote} I dont get it. Account equity improved 500 from start. Now getting nervous with a 50 dradown? That's a 3% drawdown on 4 pairs (excluding older trade). Right at the point its time pay attention.
GBP has/had plenty of drop room. It tested week R this morning (2578ish). Lininging up with EG toppy levels.
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those who can, do. those who cant, talk about those who can
  • #37,890
  • Jul 15, 2019 9:42am Jul 15, 2019 9:42am
Quoting gatorinla
{quote} GBP has/had plenty of drop room. It tested week R this morning (2578ish). Lininging up with EG toppy levels. {image}
eu day sits at 1287. week 1264 support. closing below 1264 should resume bears movement. gbp week rejection and eu day rejection has merit.GBP sub 1498 with some large closes should be bearish.. GBP long term is ready for newer drops, if month closes below 1498. Pa points to this..GU may be in line for a decade + low.. euro will likely be weaker than gbp, at least till eg drops about 100 pips and hits support.
those who can, do. those who cant, talk about those who can
  • #37,891
  • Jul 15, 2019 9:49am Jul 15, 2019 9:49am
Quoting Boulder
{quote} testing H1 uptrend stop 1.1263,,,
testing...10 mins to go....
  • #37,892
  • Jul 15, 2019 9:57am Jul 15, 2019 9:57am
Quoting gatorinla
{quote} eu day sits at 1287. week 1264 support. closing below 1264 should resume bears movement. gbp week rejection and eu day rejection has merit.GBP sub 1498 with some large closes should be bearish.. GBP long term is ready for newer drops, if month closes below 1498. Pa points to this..GU may be in line for a decade + low.. euro will likely be weaker than gbp, at least till eg drops about 100 pips and hits support.
you are right on the gbp...H1 reversed to downtrend 4 hours ago..it may be on its way to test 1.2496..
Reading COT 7/9 report, institutions had GBP net shorts at highest since late August 2018..they were very bearish on gbp with coming no deal Brexit....

H1 downtrend stop 1.2577
H4 Uptrend stop 1.2496
Day Downtrend stop 1.2745
Week Downtrend stop 1.3315
Month uptrend stop 1.2498
  • #37,893
  • Jul 15, 2019 10:05am Jul 15, 2019 10:05am
Quoting Boulder
{quote} testing...10 mins to go....
H1 has reversed to downtrend with stop 1.1279...now its back to range trade.. maybe on its way to test H4 1.1235 ..
  • #37,894
  • Jul 15, 2019 10:06am Jul 15, 2019 10:06am
Quoting Boulder
{quote} testing...10 mins to go....
Your “I will hold shorts until 118x” comment from last week is starting to interest me
A snails pace wins the race :-)
  • #37,895
  • Jul 15, 2019 10:26am Jul 15, 2019 10:26am
Quoting JustPipMe
{quote} Your “I will hold shorts until 118x” comment from last week is starting to interest me
I am still holding all my shorts for 1180s, even 1150s..and also scalp shorts along the way.. today +35 pips just repeatedly scalp shorted that 1271
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  • #37,896
  • Jul 15, 2019 10:36am Jul 15, 2019 10:36am
Quoting Boulder
{quote} I am still holding all my shorts for 1180s, even 1150s..and also scalp shorts along the way.. today +35 pips just repeatedly scalp shorted that 1271 {image}
For me, Euro is going to be a battle between the daily uptrend stop 1.1183 and weekly downtrend stop 1.1376.... if daily fails to hold.. we will see month uptrend stop 1.1145... over there I may consider to long Eur..
  • #37,897
  • Jul 15, 2019 10:48am Jul 15, 2019 10:48am
levels printed so far... bears next to print 1250...31 adr atm...slow summer...

FP R2 ----------1.1284
RU R2 ----------1.1282
RU R1 ----------1.1278
FP R1 ----------1.1275
FP PP ----------1.1261
RU S1 ----------1.1257
WP PP ----------1.1250
FP S1 ----------1.1247
RU S2 ----------1.1247
  • #37,898
  • Jul 15, 2019 12:47pm Jul 15, 2019 12:47pm
I got a sell signal 1hr ago. Didn't take anything. 1.1235 to watch here for me
  • #37,899
  • Jul 15, 2019 3:06pm Jul 15, 2019 3:06pm
Quoting Boulder
{quote} you are right on the gbp...H1 reversed to downtrend 4 hours ago..it may be on its way to test 1.2496.. Reading COT 7/9 report, institutions had GBP net shorts at highest since late August 2018..they were very bearish on gbp with coming no deal Brexit.... H1 downtrend stop 1.2577 H4 Uptrend stop 1.2496 Day Downtrend stop 1.2745 Week Downtrend stop 1.3315 Month uptrend stop 1.2498
looking back, none of the 1h shorts triggered, before it was closed. GU would have been up 2.5% at 2510, with those triggered shorts.. Still above the 1% + average a day. Eu would have triggered too adding another 2%.. EG set for 100 pips or 5%. UJ also was set for a run. Likey a cost of 10%.. If closed, a 2% loss. Or potentially a 12%+ loss counting revenue. I dont get it. The money was almost in hand with some patience and very tiny drawdown.
those who can, do. those who cant, talk about those who can
  • #37,900
  • Jul 15, 2019 4:23pm Jul 15, 2019 4:23pm
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