Back from my holiday. Lofoten islands, Norway, absolutely stunning landscape and small towns.
- #31,683
- Edited Aug 20, 2019 9:16am Aug 19, 2019 12:10pm | Edited Aug 20, 2019 9:16am
- Joined Jun 2016 | Status: PA Pivot Swing Trader | 3,892 Posts
Davit has been absent for nearly a month. Hope all is well.
Well here is "range trading" on UJ so far - apparently "ranging" is the most frequent pattern and one that Davit mentions to be one of his favorite set-ups. So, I am shorting UJ now as it swinging south again:
Cheers all !
- John
"What Goes Up, Must Come Down." - (c) Sir Isaac Newton - 1647
- #31,686
- Aug 19, 2019 1:27pm Aug 19, 2019 1:27pm
- Joined Aug 2017 | Status: The Weekly Pivot is the only verdic | 1,081 Posts
We obey the structure that results from the market's reaction
- #31,688
- Edited Aug 20, 2019 8:38pm Aug 19, 2019 9:17pm | Edited Aug 20, 2019 8:38pm
- Joined Jun 2018 | Status: Trader | 866 Posts
Hi guys it's been a while, haven't seen a trade that was jumping out at me but still looking. For those who enjoy reading back issues Traders World #33-40, most people do not read, if they only did they'd be surprised on what was directly under their own nose and never knew it. In the old saying, "when the student is ready, the teacher will appear". Allow me to tell what that means, "You are the Student and You are the teacher" because all knowledge is known by the Universal Mind. Ask it, seek it, and it will appear. Personally I like reading about Gann, Gartley and Elliott and their work and how it effects us today in trading, I find it inspiring, but that's just me.
Meanwhile, it just seems that the Trump effect has stymied some of the markets... there is talk of recession, however I believe it's just propaganda started by the Left, Democrats and Chinese for political purposes as all three of them are afraid of Trump because he blocks their Chaos & fear agenda to which they thrive upon. It would be virtually impossible to go into a recession with GDP looking good, Unemployment the lowest in decades, Manufacturing industry is coming back, Wages are rising. This guy knows WTF he's doing and he will break the back of the Dishonest Chinese Govt. I say they cave before he does. My take is nothing much further will be ruffled till after Christmas Holidays.
Meanwhile, it just seems that the Trump effect has stymied some of the markets... there is talk of recession, however I believe it's just propaganda started by the Left, Democrats and Chinese for political purposes as all three of them are afraid of Trump because he blocks their Chaos & fear agenda to which they thrive upon. It would be virtually impossible to go into a recession with GDP looking good, Unemployment the lowest in decades, Manufacturing industry is coming back, Wages are rising. This guy knows WTF he's doing and he will break the back of the Dishonest Chinese Govt. I say they cave before he does. My take is nothing much further will be ruffled till after Christmas Holidays.
You NEVER will be the person you could be, without pressure & discipline
- #31,690
- Aug 20, 2019 3:03am Aug 20, 2019 3:03am
I took AUDUSD too. Two positions and closed it because I had a bad trade running on GJ.
I Bought it and it went down to the S100.
Added another Buy on S100
Hoping it to retrace a bit and breakeven on that trade.
I Bought it and it went down to the S100.
Added another Buy on S100
Hoping it to retrace a bit and breakeven on that trade.
strip things naked
- #31,697
- Aug 20, 2019 5:50pm Aug 20, 2019 5:50pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Last week I took a trade and I called it a "Cryptosurf" style trade...with a late week markup.....I got a pm from a trader in Sweden asking to clarify a late week markup. So this is an example I had at my fingertips.... and please Cryptosurf correct me if you look at it different. USDNOK marked up late in last week.....this week it failed at R38...didn't have any strength to even test R38....this where I shorted and here is the illustration... " {image} {image}
I usually wait for PA well into late Tuesday-early Wednesday sessions (NY time).
IMO USD may be quiet until tomorrows meeting FOMC minutes. However...there was a nice 4H swing failure on that pair you're talking about.
Trade with confidence, trade without fear.
- #31,699
- Aug 20, 2019 7:52pm Aug 20, 2019 7:52pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Im looking for EU to make a move up after last week late week markdown and (so far) failure to break below S38.
Trade with confidence, trade without fear.
- #31,700
- Aug 20, 2019 9:11pm Aug 20, 2019 9:11pm
- Joined Feb 2015 | Status: Trader | 2,476 Posts
Trade with confidence, trade without fear.