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The Swamp

  • #38,981
  • Aug 12, 2019 6:37am Aug 12, 2019 6:37am
Quoting becks.200
{quote} We also have SOMA on 15th Aug, if I am not mistaken, so Tuesday afternoon - Wednesday Morning it might pump EURUSD
no more SOMA,, they stop QT two months early..,,mentioned on 7/31 FOMC day
  • #38,982
  • Aug 12, 2019 6:55am Aug 12, 2019 6:55am
Quoting Boulder
{quote} no more SOMA,, they stop QT two months early..,,mentioned on 7/31 FOMC day
oh really, it was a nice strategy though
  • #38,983
  • Aug 12, 2019 6:56am Aug 12, 2019 6:56am
Quoting thelws
{quote} Not so much of a scalper. But just wondering... Have you ever had a runaway price that you just can't seem to close out. At what point do you close the losing position?
of course have runaway,,, that is why position size is very important.,,, risk tolerance on accounts....I do take loss if I need to..

I am not saying my trading way is a right way.. this just fits me personality'.., this book kind enlightened me in a way.. ,,,
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  • #38,984
  • Aug 12, 2019 7:02am Aug 12, 2019 7:02am
Closed short for 6.4 pips. Still have short at 1.1180.


Cheers

Jeff
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I EAT PIPS
  • #38,985
  • Aug 12, 2019 7:31am Aug 12, 2019 7:31am
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  • #38,986
  • Aug 12, 2019 7:35am Aug 12, 2019 7:35am
Took another short at 1.1196
I EAT PIPS
  • #38,987
  • Aug 12, 2019 7:43am Aug 12, 2019 7:43am
Hope the thread starter is happy for me to post some trading ideas here. Most of my trading methodology is influenced by the great G mans methods

Eyeballing 1208 for the short. Looking at short term bearish move to find more buyers lower, filling the 'liquidity gap' as some may call it after the stong bull move of Monday Tuesday last week.

Short term price structure has confirmed the bearish move with break of the 1176 low and trendline break

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Happy pippin legends
  • #38,988
  • Aug 12, 2019 7:45am Aug 12, 2019 7:45am
going to try a short here 1204.
honestly though... don't like the bullishness in eu.
  • #38,989
  • Aug 12, 2019 7:47am Aug 12, 2019 7:47am
add scalp shorts here too 1203 and 1204... unless this goes up 1216 H1 stop...last short today there...now wait.,..
  • #38,990
  • Aug 12, 2019 7:55am Aug 12, 2019 7:55am
see options can cap the move..
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  • #38,991
  • Aug 12, 2019 7:59am Aug 12, 2019 7:59am
entry taken, risking 10. Strat is low risk high reward so many stops can be had while still maintaining an upwards sloping equity curve


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  • #38,992
  • Aug 12, 2019 8:06am Aug 12, 2019 8:06am
Added another short 1.1209. Will wait to see what happens around this level until I take my next short.

Cheers

Jeff
I EAT PIPS
  • #38,993
  • Aug 12, 2019 8:11am Aug 12, 2019 8:11am
Quoting Boulder
A few datapoints atm:.. all trends are down...we see this on its way to 1.10s first... H1 Downtrend stop 1.1216 H4 Downtrend stop 1.1223 Day Downtrend stop 1.1268 Week Downtrend stop 1.1363 Month Downtrend stop 1.2345
testing H1 stop ..50 mins to go.. and H4 , 3 hours 50 mins to go ...to see bears can hold... markets don't like Hong Kong news....since it will affect china and US talks,,
  • #38,994
  • Aug 12, 2019 8:14am Aug 12, 2019 8:14am
[email protected] and 1.1217
don't predict direction, but dance with flow of water
  • #38,995
  • Aug 12, 2019 8:17am Aug 12, 2019 8:17am
I feel like I've been taken on a ride at the start of eu today.
I don't think bears can hold this off.
  • #38,996
  • Aug 12, 2019 8:19am Aug 12, 2019 8:19am
levels printed so far

RU R3 ----------1.1242
WP R1 ----------1.1241
FP R2 ----------1.1228
RU R2 ----------1.1221
FP R1 ----------1.1218
RU R1 ----------1.1208
FP PP ----------1.1201
WP PP ----------1.1185
FP S1 ----------1.1184
RU S1 ----------1.1182
FP S2 ----------1.1174
MP PP ----------1.1169
RU S2 ----------1.1169
FP S3 ----------1.1157
RU S3 ----------1.1148
  • #38,997
  • Aug 12, 2019 8:20am Aug 12, 2019 8:20am
Quoting dmacfx
entry taken, risking 10. Strat is low risk high reward so many stops can be had while still maintaining an upwards sloping equity curve {image}
stopped on that one

bull seems to have a spring in his step currently so would like to see some bearish pa before hopping in short again

1225 - 1232 may resist this up move if it gets there
  • #38,998
  • Aug 12, 2019 8:25am Aug 12, 2019 8:25am
Quoting gatorinla
{quote} usd missed this last 4h,but eu did turn bearish. usd will likely follow bullish later. maybe next 4h. Since eu is the most traded currency.
exact opposite has happened. the same usdx 9667 for the 4h, is what is needed the closed above on usdx on day (for eu to drop). I didnt see this day number earlier. Although the eu 4h has turned bearish. 9667 is also needed on usdx to see a bearish eu. Atm eu is testing 1224. 1224 area may slap eu back down now.. bulls need a 4h close above 1224.
those who can, do. those who cant, talk about those who can
  • #38,999
  • Aug 12, 2019 8:26am Aug 12, 2019 8:26am
Quoting priceaction1
[email protected] and 1.1217
Took the last one 1219 as well.....
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  • #39,000
  • Aug 12, 2019 8:39am Aug 12, 2019 8:39am
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don't predict direction, but dance with flow of water
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