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The Swamp

  • #38,761
  • Aug 7, 2019 8:00am Aug 7, 2019 8:00am
The markets have been so nervous and jumpy and this is definitely due to Trump and his battle with the Fed. But when does this market behavior finally end? In September after summer is over?
  • #38,762
  • Aug 7, 2019 8:15am Aug 7, 2019 8:15am
Quoting Boulder
A few datapoints atm: 1215 H1 stop tested last night, bears held the stop H1 Downtrend stop 1.1215 H4 Uptrend stop 1.1080 Day Downtrend stop 1.1297 Week Downtrend stop 1.1365 Month Downtrend stop 1.2346
testing 2nd time...45 mins to go...
added a short at 1217...
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  • #38,763
  • Aug 7, 2019 8:19am Aug 7, 2019 8:19am
Break out. I might get stopped. I will re enter if so.
  • #38,764
  • Aug 7, 2019 8:20am Aug 7, 2019 8:20am
Quoting unlv_tj
The markets have been so nervous and jumpy and this is definitely due to Trump and his battle with the Fed. But when does this market behavior finally end? In September after summer is over?
he starts to get my nerves......I don't know why markets take his words for it.....
  • #38,765
  • Aug 7, 2019 8:21am Aug 7, 2019 8:21am
Quoting jaylovin
Break out. I might get stopped. I will re enter if so.
triple swap today... Euro usually drifts down in the afternoon ..
  • #38,766
  • Aug 7, 2019 8:29am Aug 7, 2019 8:29am
lets see how far bulls can push this...40 adr atm..1223 printed... next to print 1234...

FP R2 ----------1.1257
RU R2 ----------1.1245
FP R1 ----------1.1238
WP R3 ----------1.1234
RU R1 ----------1.1223
FP PP ----------1.1206
WP R2 ----------1.1182
RU S1 ----------1.1178
FP S1 ----------1.1175
  • #38,767
  • Aug 7, 2019 8:38am Aug 7, 2019 8:38am
Quoting Boulder
{quote} he starts to get my nerves......I don't know why markets take his words for it.....
This is exactly my frustration. And worse of all he likes to speak when I'm sleeping. I've had so much of my profits burned just because he opened his mouth while I was sleeping.
  • #38,768
  • Aug 7, 2019 8:41am Aug 7, 2019 8:41am
Quoting Boulder
{quote} triple swap today... Euro usually drifts down in the afternoon ..
Thanks for the heads up, I forget about Wednesday night triple swaps.
  • #38,769
  • Aug 7, 2019 8:41am Aug 7, 2019 8:41am
Quoting thelws
{quote} This is exactly my frustration. And worse of all he likes to speak when I'm sleeping. I've had so much of my profits burned just because he opened his mouth while I was sleeping.
you not the only one buddy
he get me stop out many times too
fxxk this shxt
  • #38,770
  • Aug 7, 2019 8:43am Aug 7, 2019 8:43am
Pending SHORT
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A good trader follows his rules, but great trader knows when to break them
  • #38,771
  • Aug 7, 2019 8:46am Aug 7, 2019 8:46am
If this hour eu closes above 1219, I'm switching my bias to long. Target 1284
  • #38,772
  • Aug 7, 2019 8:47am Aug 7, 2019 8:47am
dow down 570.. dt talking..
those who can, do. those who cant, talk about those who can
  • #38,773
  • Aug 7, 2019 8:49am Aug 7, 2019 8:49am
Quoting chess king
I have a short for 1154 before 1264.. it's positive lets see how it ends. {image}
Stopped at BE.
  • #38,774
  • Aug 7, 2019 8:50am Aug 7, 2019 8:50am
Quoting ill_be_back
Pending SHORT {image}
Out of this
In at a better Price
Will get OUT if a new HIGH
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A good trader follows his rules, but great trader knows when to break them
  • #38,775
  • Aug 7, 2019 8:52am Aug 7, 2019 8:52am
Quoting Boulder
he started again.... that goes Euro ... {image}
Trump has become a pain to everybody. Perfect trades are destroyed once he talks. And it seems he is doing this on purpose. He is repeating the same thing everytime and yet the market keeps reacting. Maybe we should stop selling EU. Other pairs don't react to his stupidity except EU. Had sells in profit and now all vaporated and my trades knocked out.
  • #38,776
  • Aug 7, 2019 8:57am Aug 7, 2019 8:57am
Quoting Mitiblotch
{quote} Trump has become a pain to everybody. Perfect trades are destroyed once he talks. And it seems he is doing this on purpose. He is repeating the same thing everytime and yet the market keeps reacting. Maybe we should stop selling EU. Other pairs don't react to his stupidity except EU. Had sells in profit and now all vaporated and my trades knocked out.
The real unfortunate thing is that trump does have the power to set fiscal policy.
  • #38,777
  • Aug 7, 2019 9:00am Aug 7, 2019 9:00am
Markets have had a shift in their fundamental outlook... EurUsd shorts benefitted mostly due to a strong dollar, weak euro but mainly due to yield carry traders found attractive. With current shirt in outlook US expected to cut rates 3 more times before the end of year or 75pts, carry traders are now unwinding and EURO will benefit from this.

Technicals play no part in a fundamental market... and at the moment all moves are done due to the fundamentals. Maybe after BREXIT and US-CHINA trade war comes to an end we can start using the technicals a bit more with confidence.

1.10 seems like a bottom for an upswing towards a retest of 1.1340 and 1.14... if 1.1410 is broken then 1.16 opens up

i was stopped out at 1.1180 on my previous 2 longs but i am now long 2 positions from 1.1038 & 1.1039 both are protected.. targetting 1.1340 as a TP1 and 1.1410 as a TP2,, break above 1.1410 TP3 will be open for 1.16-1.20 zone!
Cheers!!
  • #38,778
  • Aug 7, 2019 9:01am Aug 7, 2019 9:01am
Quoting gatorinla
{quote} 7% now. It should be 10% w/o silly mistakes. missed trades and so forth.. {image}
hit 10%
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those who can, do. those who cant, talk about those who can
  • #38,779
  • Aug 7, 2019 9:03am Aug 7, 2019 9:03am
Quoting thelws
{quote} The real unfortunate thing is that trump does have the power to set fiscal policy.
It's unfortunate. Now people just buy indiscriminately and in due time Trump tweets and they hit TP. How long is this madness going to continue. 1160 and 114x area are areas I had My sights on, but Trump won't let it. He has won if the market only listens to him.
  • #38,780
  • Aug 7, 2019 9:03am Aug 7, 2019 9:03am
Quoting gatorinla
dow down 570.. dt talking..
wish down more.. so he can be quiet...
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