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The Swamp

  • #39,861
  • Aug 23, 2019 10:52am Aug 23, 2019 10:52am
Pending SHORT 1504
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A good trader follows his rules, but great trader knows when to break them
  • #39,862
  • Aug 23, 2019 11:07am Aug 23, 2019 11:07am
Quoting gatorinla
eg 0.9012/13 area may be support as long as NY continues closing above 0.9012. large pip potential with limited loss. The same with a gu short 2292 Resistance area, as long as NY day continues to close below 2292. It too, has a large pip potential with trend being lower. Both have a limited risk using close as stop loss. It doesn't mean pa wont go beyond these levels and eat a stop.
if u took the long.. it finally went bullish on the 1h. the 4h is still bearish. 4h at 91.65.. The day support held. If the gu holds its day, that should help. eu can run up some.. other eg R 9100
those who can, do. those who cant, talk about those who can
  • #39,863
  • Aug 23, 2019 11:10am Aug 23, 2019 11:10am
Quoting thelws
{quote} Should have put a stop loss. A wise man once told me, if you are losing money and you don't know what to do, stop losing more money. Preserve what capital you have left and fight again another day. We can't tell you if it is right to hold or close. Some people can hold 200 pip Drawdowns. You might not be able to.
thank you sir,,,short from bigger lot at 1.1144 and close it at 1.1130 with breakeven
sell strength in falling markets, and buy weakness in rising markets.
  • #39,864
  • Aug 23, 2019 11:15am Aug 23, 2019 11:15am
weekly pivot 1.1128 pump or dump
sell strength in falling markets, and buy weakness in rising markets.
  • #39,865
  • Aug 23, 2019 11:22am Aug 23, 2019 11:22am
Quoting gatorinla
{quote} He can do want he wants. If the AJ closes over the edge.. He can't do much about it early on. By the time they realise what's going on, have meetings etc. The horse will be out the gate. They will be standing around with their pecker in hand. Its a game of chicken. The retailers getting in last, will be holding the empty bag. Government will ask for the middle class to pay the bill. AJ pa is on the edge of a big crash (it still can back up from the edge) The backup is probably a good R/R bet. If it can not back up, then the world has a problem....
Is this the crack?
those who can, do. those who cant, talk about those who can
  • #39,866
  • Aug 23, 2019 11:25am Aug 23, 2019 11:25am
Quoting htcone
{quote} i have short running at 1075, should i hedge or better to close it.
Sorry I was in the meeting.. I just got back here.. I kept mine 1075 short..since I build my short lists all the way to day or weekly stop...
I did short twice 1142/3.. booked both +20..
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  • #39,867
  • Aug 23, 2019 11:27am Aug 23, 2019 11:27am
Quoting Boulder
{quote} Sorry I was in the meeting.. I just got back here.. I kept mine 1075 short..since I build my short lists all the way to day or weekly stop... I did short twice 1142/3.. booked both +20.. {image}
thank you so much for your kind reply.
sell strength in falling markets, and buy weakness in rising markets.
  • #39,868
  • Aug 23, 2019 11:43am Aug 23, 2019 11:43am
Quoting Boulder
{quote} Sorry I was in the meeting.. I just got back here.. I kept mine 1075 short..since I build my short lists all the way to day or weekly stop... I did short twice 1142/3.. booked both +20.. {image}
Did you manage to close your 1052? Or still kept?
  • #39,869
  • Aug 23, 2019 11:47am Aug 23, 2019 11:47am
Quoting jaylovin
{quote} Did you manage to close your 1052? Or still kept?
flat this morning 1059... took 7 pips loss... I think the swap covered all pip loss.. so that still a positive trade...
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  • #39,870
  • Aug 23, 2019 12:08pm Aug 23, 2019 12:08pm
Both H1 and H4 have reversed to uptrend.. I may hold off shorting for now.. wait for a day or two... lets bulls have their time...

A few datapoints atm:
H1 Uptrend stop 1.1053
H4 Uptrend stop 1.1061
Day Downtrend stop 1.1230
Week Downtrend stop 1.1364
Month Downtrend stop 1.2351
  • #39,871
  • Aug 23, 2019 12:10pm Aug 23, 2019 12:10pm
Likely more u.s. tariffs in response to China new tarrifs ( Ongoing White House meeting likely strategizing a new tariff response)). U.S. chamber of commerce released a "tone down rhetoric" statement toward DT.
those who can, do. those who cant, talk about those who can
  • #39,872
  • Aug 23, 2019 12:11pm Aug 23, 2019 12:11pm
Quoting Boulder
{quote} flat this morning 1059... took 7 pips loss... I think the swap covered all pip loss.. so that still a positive trade... {image} {image}
Excellent. I still believe 1.1026 will break. 1.10 isn't supposed to be easy
  • #39,873
  • Aug 23, 2019 12:19pm Aug 23, 2019 12:19pm
Quoting jaylovin
{quote} Excellent. I still believe 1.1026 will break. 1.10 isn't supposed to be easy
Without Trump daily tweet /verbal intervention... we would have seen 1.1026 break by now...but oh well... its just more opportunities for bears... I prefer to short higher instead of low price....I was worried to keep shorting ytd low...
  • #39,874
  • Aug 23, 2019 12:23pm Aug 23, 2019 12:23pm
1136 could be one eu bulls need to close the day above.
those who can, do. those who cant, talk about those who can
  • #39,875
  • Aug 23, 2019 12:24pm Aug 23, 2019 12:24pm
10/2 yr yield curve inverted atm..
those who can, do. those who cant, talk about those who can
  • #39,876
  • Aug 23, 2019 12:28pm Aug 23, 2019 12:28pm
Quoting gatorinla
10/2 yr yield curve inverted atm..
Dow down -500... with inverted curve...money will flow back to dollar...
  • #39,877
  • Aug 23, 2019 12:33pm Aug 23, 2019 12:33pm
Quoting Boulder
{quote} Dow down -500... with inverted curve...money will flow back to dollar...
... but with the fear that uncle Donald will devalue the Dollar the money will keep staying outside for a while... as long there is no clear sky.
  • #39,878
  • Aug 23, 2019 12:38pm Aug 23, 2019 12:38pm
Still waiting for the Trump, chopper press conference retaliatory "response." I imagine he'll wait 'til after stock market close.
Follow the money --Mark Felt (Deepthroat)
  • #39,879
  • Aug 23, 2019 12:39pm Aug 23, 2019 12:39pm
Quoting zippo22
{quote} ... but with the fear that uncle Donald will devalue the Dollar the money will keep staying outside for a while... as long there is no clear sky.
Making jpy an excellent choise for the bulls.
persistence and determination alone are omnipotent
  • #39,880
  • Aug 23, 2019 12:40pm Aug 23, 2019 12:40pm
Quoting Boulder
{quote} Without Trump daily tweet /verbal intervention... we would have seen 1.1026 break by now...
His tweets never go against the chart, EU was bottoming, so it went up. Just like it was topping around 1230 last week, so it went down. All the news that caused it, just went along with the chart.

btw it was Trump who saved euro bears above 1.25, so we could say that without his tweets euro would be above 1.30 now, which is also non-sense, because EU was topping the hell out of it around 1.25.
Everyone can see the chart, but only a few can actually read it.
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