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The Swamp

  • #38,661
  • Aug 5, 2019 10:06am Aug 5, 2019 10:06am
Quoting BlueCirrus
{quote} You're shorting the EUR?
mostly gu,, a few in eu..
looking like a 2008/2009 some. AJ showing a big correction coming.
those who can, do. those who cant, talk about those who can
  • #38,662
  • Aug 5, 2019 10:11am Aug 5, 2019 10:11am
Quoting gatorinla
{quote} mostly gu,, a few in eu.. looking like a 2008/2009 some. AJ showing a big correction coming.

Hmmm....There is a small norm at 1093 (after 1230-1240 area), but would be looking for an uptrend for the near and intermediate timeframes...............
  • #38,663
  • Aug 5, 2019 10:15am Aug 5, 2019 10:15am
Quoting gatorinla
{quote} mostly gu,, a few in eu.. looking like a 2008/2009 some. AJ showing a big correction coming.
Yep, stocks getting a little bounce here - ES futures are bouncing perfectly off a mid.....But the downside could be much lower....
  • #38,664
  • Aug 5, 2019 10:23am Aug 5, 2019 10:23am
Quoting Boulder
see I can get this one right,,. {image}
stop out 1204..-20
I tried again at 1210 for a 10 pip scalp, with 10 pips stop,,
  • #38,665
  • Aug 5, 2019 10:23am Aug 5, 2019 10:23am
Gotta run Gator....work to do....
I'll stop in again...
Wear 'em out!
  • #38,666
  • Edited 11:42am Aug 5, 2019 11:29am | Edited 11:42am
Quoting BlueCirrus
{quote} You're shorting the EUR?
I'm lighter on euro.. GBP is where I will eat. Month/week tell me the euro drop is not over. But a tweet could stall it.. I doubt eu pa will go to 1400, lots of R after 1302. I dont think its time to test 1302/1400. I rather stick with Gu because the reward potential is 50% higher over eu in my opinion. It also tells me the risk to short the gu is lower. I dont read to much into this bounce, other than a bounce off some support. A bounce to allow a new short entry.

Eu negative rates allows a eu carry trade..I rather be paid to hold. Any Fed rate cut will be met with a new EZ cut. EZ is probably already in a recession like China. As for as UK, well they are worse off than EZ. EG to me is long term bullish..

At some point I expect a flight to usd safety.

this bounce isn't so bad.. It may just be some in europe spooked by China/Us trade war. Bringing home their U.S. equity profits converted to euro.
those who can, do. those who cant, talk about those who can
  • #38,667
  • Aug 5, 2019 11:43am Aug 5, 2019 11:43am
Quoting Boulder
{quote} stop out 1204..-20 I tried again at 1210 for a 10 pip scalp, with 10 pips stop,,
out 1202, +8.. first win today,lol,, hope it will get better from here ..
  • #38,668
  • Aug 5, 2019 11:46am Aug 5, 2019 11:46am
Quoting Boulder
{quote} out 1202, +8.. first win today,lol,, hope it will get better from here ..
I stopped 2 pendings earlier. I would be up an additional 60 on gu if I hadn't. I chickened out. The sequence below netted me 60. I have that trade atm to repeat.. It may give me 30 more. 2121 would do that.
those who can, do. those who cant, talk about those who can
  • #38,669
  • Aug 5, 2019 12:58pm Aug 5, 2019 12:58pm
GU looks like an easy buy at these levels 2120-50, 2300+ as a quick target.
Everyone can see the chart, but only a few can actually read it.
  • #38,670
  • Aug 5, 2019 3:43pm Aug 5, 2019 3:43pm
Quoting gatorinla
{quote} I'm lighter on euro.. GBP is where I will eat. Month/week tell me the euro drop is not over. But a tweet could stall it.. I doubt eu pa will go to 1400, lots of R after 1302. I dont think its time to test 1302/1400. I rather stick with Gu because the reward potential is 50% higher over eu in my opinion. It also tells me the risk to short the gu is lower. I dont read to much into this bounce, other than a bounce off some support. A bounce to allow a new short entry. Eu negative rates allows a eu carry trade..I rather be paid to hold. Any...
eu weekly range at 1223.
those who can, do. those who cant, talk about those who can
  • #38,671
  • Aug 5, 2019 4:01pm Aug 5, 2019 4:01pm
U.S. Treasury just labeled China as a currency manipulator. Dow futures down 500 points atm.
those who can, do. those who cant, talk about those who can
  • #38,672
  • Aug 5, 2019 4:52pm Aug 5, 2019 4:52pm
Quoting gatorinla
U.S. Treasury just labeled China as a currency manipulator. Dow futures down 500 points atm.
futures down 640
those who can, do. those who cant, talk about those who can
  • #38,673
  • Aug 5, 2019 5:04pm Aug 5, 2019 5:04pm
Quoting BlueCirrus
{quote} {quote} man we thought u bit the bullet, good to see ya.
Hi Boulder and Gator! I'm still kicking -- no more falling trees or heart attacks lately!....LOL I actually went back to school after 35 years to work on a master's degree in psychology -- gotta keep the neurons firing! I hope all is well and you both are winning a bunch. FWIW, I am no longer a bear, since that 1026 level was hit.....That was just a norm for the larger bull sequence targeting 1.3100 to 1.3400. The 945 area is the LM, but this has been a pretty solid rejection from 1026 so far. For the very short term I have the 1236 to 1241 area for some pullback............ Good luck![/quote]

It has already exceeded the UM at 1.12415, so they may go ahead and run the stops at 1.1285 without the formality of a pullback...........
  • #38,674
  • Edited 10:24pm Aug 5, 2019 6:43pm | Edited 10:24pm
Those who bought or predicted buys will now feeling like little gods. Lol... It could easily have been the other way. This is what they call a medium to long-term stop run and I don't rule out a sharp continuation to 128x and even a break of 1.13 today. Good ol' stop run, and then when people begin to buy it, they dump it.
  • #38,675
  • Aug 5, 2019 7:15pm Aug 5, 2019 7:15pm
Quoting Mitiblotch
Those who bought or predicted buys will now feeling like little gods. Lol... It couldn't easily have been the other way. This is what they call a medium tot long-term stop run and I don't rule out a sharp continuation to 128x and even a break of 1.13 today. Good ol' stop run, and then when people begin to buy it, they dump it.
I still think there's more legs in this run. I agree with bluecirrus on the 1285 target.

Probably going to start buying some at 1214-ish.
  • #38,676
  • Aug 5, 2019 7:44pm Aug 5, 2019 7:44pm
Quoting Mitiblotch
Those who bought or predicted buys will now feeling like little gods. Lol... It couldn't easily have been the other way. This is what they call a medium tot long-term stop run and I don't rule out a sharp continuation to 128x and even a break of 1.13 today. Good ol' stop run, and then when people begin to buy it, they dump it.
Agreed
PA
  • #38,677
  • Aug 5, 2019 7:45pm Aug 5, 2019 7:45pm
Quoting Mitiblotch
Those who bought or predicted buys will now feeling like little gods. Lol... It couldn't easily have been the other way. This is what they call a medium tot long-term stop run and I don't rule out a sharp continuation to 128x and even a break of 1.13 today. Good ol' stop run, and then when people begin to buy it, they dump it.
Specially LO like to reverse the price when asia session push higher
PA
  • #38,678
  • Edited 9:41pm Aug 5, 2019 9:06pm | Edited 9:41pm
8/6/2019 levels... next to print 1182 or 1273....using time stamp, 60% chance , lower number 1182 has better chance to be printed next...

FP R3 ----------1.1282
RU R2 ----------1.1273
RU R1 ----------1.1243
FP R2 ----------1.1241
WP R3 ----------1.1234
FP R1 ----------1.1215
WP R2 ----------1.1182
RU S1 ----------1.1182
FP PP ----------1.1173
  • #38,679
  • Aug 5, 2019 9:29pm Aug 5, 2019 9:29pm
Quoting gatorinla
{quote} futures down 640
Dow future now up +120 after 4 hour, that is +760 jump..
Attached Image
  • #38,680
  • Aug 5, 2019 9:43pm Aug 5, 2019 9:43pm
Quoting Boulder
{quote} Dow future now up +120 after 4 hour, that is +760 jump.. {image}
150+ pips in UJ, volatility is back for now....enjoy
Look Sharp/Trade Tight
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