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The Swamp

  • #39,921
  • Aug 23, 2019 4:24pm Aug 23, 2019 4:24pm
Quoting Boulder
{quote} you meant TARIFFS on China
yeah... from 10 to 15% on some (300 billion worth of goods). from 25 to 30% on others (250 billion worth of goods).. A tariff is a tax on foreign goods. The importing countries retailers, raise the price to its consumers.
those who can, do. those who cant, talk about those who can
  • #39,922
  • Aug 23, 2019 4:27pm Aug 23, 2019 4:27pm
Quoting Seakistmotel
1165 atm
Xe shows crazy rates don't watch it

Will euro gap up on Monday. Or was this announcement already priced in when euro jumped in afternoon from 1.1070 to 1.1150.
  • #39,923
  • Aug 23, 2019 4:28pm Aug 23, 2019 4:28pm
Quoting OnlineAddict
The only question is...do we see 1.12 this week or next week? No bear ain't happening here.
XE is now at 1.12, wow...I wonder where EU opens up. But that would be a nice short into the week, for the first 2-3 days, at least.
Everyone can see the chart, but only a few can actually read it.
  • #39,924
  • Aug 23, 2019 4:31pm Aug 23, 2019 4:31pm
Quoting euroboy2208
{quote} Xe shows crazy rates don't watch it Will euro gap up on Monday. Or was this announcement already priced in when euro jumped in afternoon from 1.1070 to 1.1150.
And tariff increased by 5% and ain't that bad.
  • #39,925
  • Aug 23, 2019 4:37pm Aug 23, 2019 4:37pm
1216 is realistic,might gap up all the way to 1300
  • #39,926
  • Aug 23, 2019 4:45pm Aug 23, 2019 4:45pm
Quoting euroboy2208
{quote} And tariff increased by 5% and ain't that bad.
At some point the usd will catch up. People selling their equities and buying u.s. treasuries have weighed on the usd (bonds). At some point that will likely quickly reverse. In the aud cross or others, china is buying commodities from. Commodities Australia sells to China will get cheaper. That will make the price of that commodity drop worldwide. China is able to buy commodities cheaper with less U.S. demand ( they have less reason to buy commodity) . Guess what country produces the most oil? Yep good old U.S.A. will lose pricing and lay off oil workers. Guess what happens to the mortgages of those connected jobs? Yeah banks suffer too. Its all connected. Its all spongeable. One tweet can put the world in a depression. The usd becomes king in downturns. When people loss a job, they lose the liquidity to buy stuff. A liquidity crises follows. All jobs can be affected.
those who can, do. those who cant, talk about those who can
  • #39,927
  • Aug 23, 2019 4:58pm Aug 23, 2019 4:58pm
XE rates on weekends are not accurate. Last week it showed a gap and by the time it opened there was no gap.


Cheers

Jeff
I EAT PIPS
  • #39,928
  • Aug 23, 2019 5:12pm Aug 23, 2019 5:12pm
Quoting jshear
XE rates on weekends are not accurate. Last week it showed a gap and by the time it opened there was no gap. Cheers Jeff
If it shows gap on all currencies means its accurate 1226 atm
  • #39,929
  • Aug 23, 2019 7:05pm Aug 23, 2019 7:05pm
Quoting gatorinla
{quote} 1150.8 may be worth a few.
u would have got your 10 pips B
those who can, do. those who cant, talk about those who can
  • #39,930
  • Aug 23, 2019 8:06pm Aug 23, 2019 8:06pm
Now that the trump tweets have stopped, here's an opinion:

This trade war will not de-escalate any time soon. It seems China wants to hurt trump's ego. Yield curve will continue to invert. Safe havens will continue to be bought up. Fed will start to reduce interest rates. For now, it should still be dollar bearish. I'd say this fear should be good for another week or 2 at least. But at some point the dollar should rise as more flight to safety happens.

EU
1h is now uptrend
4h is now uptrend
Only 1d remains downtrend. But that could be changing in a few weeks.

My bias for EU is to go long. What I really wish to see on monday is for EU to drop down 1113-1120 area. I think this is a critical area. For bulls to see higher, this area must be defended. Will start to build longs if it ever gets there.
  • #39,931
  • Aug 23, 2019 11:44pm Aug 23, 2019 11:44pm
I hate weekends because there is no stock market.
Rene Rivkin
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #39,932
  • Aug 24, 2019 4:08am Aug 24, 2019 4:08am
Quoting jshear
XE rates on weekends are not accurate. Last week it showed a gap and by the time it opened there was no gap. Cheers Jeff
The numbers are accurate 1 hour before market opens...and 1 hour after market closes, all in between is just random. We will see on sunday what will materialize from that tweet.
Everyone can see the chart, but only a few can actually read it.
  • #39,933
  • Aug 24, 2019 7:59am Aug 24, 2019 7:59am
Everything's lined up: huge volume on the daily candle. Huge volume on the 4hr spike bar. In fact, the 15minute candle which N.Y. opened with had the highest volume as at that time, but the clue was that it closed at the top. That told me instantly that shorts were off. Everything points to a short squeeze (higher prices). I'll sell later but for now let's buy some. I hope to God that Asia retraces to the 111x area. My simple plan:
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  • #39,934
  • Edited 4:08pm Aug 24, 2019 3:55pm | Edited 4:08pm
Borrow this chart since its similar to my trading plan next week... first 1170 or 1180 to see H4 can hold.... if not, day downtrend 1230 hold or not.....
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  • #39,935
  • Edited 8:17pm Aug 24, 2019 8:04pm | Edited 8:17pm
Quoting gatorinla
{quote} I was looking at a drop after 1148 or + to a new low. {image}
some "all time " R may be plus the chart shows some R at 1152. 1148 norm was reached, but pa closed at 1137. Not below 1136.I know most are thinking pa will gap up at Sunday open. The Trump tariff reaction seems to point to a gap up. If for some reason, unexplained in the rhetoric we are seeing. Pa decides to gap open below 1136. The up move may have run its course. "All time chart" shows 1155 and 1209 on it. Since the month closed below both. They may harden as R.

Now if there is a gap up, besides these 2. Day sits at 1230.x and Day 200 at 1299. Lots of others in this 1152+ area like 1280 etc. If for some reason if reaches higher and closes the day back below 1136 (floating) It may be a sign of a blown wad.
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those who can, do. those who cant, talk about those who can
  • #39,936
  • Aug 24, 2019 9:43pm Aug 24, 2019 9:43pm
We are still at 1227 Eur/usd,let see what's going to happen tomorrow
  • #39,937
  • Aug 24, 2019 10:12pm Aug 24, 2019 10:12pm
Quoting Seakistmotel
We are still at 1227 Eur/usd,let see what's going to happen tomorrow
Seems like the gap up on xe is real showing 1.1236 . yesterday it was showing 1.1226 and then morning it came down to 1.1155 now again back to 1.1236..all shorts will screwed by this big gap up..
  • #39,938
  • Aug 25, 2019 2:17am Aug 25, 2019 2:17am
Quoting euroboy2208
{quote} Seems like the gap up on xe is real showing 1.1236 . yesterday it was showing 1.1226 and then morning it came down to 1.1155 now again back to 1.1236..all shorts will screwed by this big gap up..

As explained earlier in this thread, the price is more or less irrelevant until 1-2h before market opens. A few weeks ago the EU gap on XE was 150 pips until 1h before market opened and there was no gap at the opening.
  • #39,939
  • Aug 25, 2019 4:28am Aug 25, 2019 4:28am
Quoting xtradex
{quote} As explained earlier in this thread, the price is more or less irrelevant until 1-2h before market opens. A few weeks ago the EU gap on XE was 150 pips until 1h before market opened and there was no gap at the opening.
even 1 or 2 hours before market opens it often shrinks to a minimal amounts. Often just a few pips or 0. Its done it in the past.
those who can, do. those who cant, talk about those who can
  • #39,940
  • Aug 25, 2019 4:58am Aug 25, 2019 4:58am
Quoting DMA Trader
I hate weekends because there is no stock market. Rene Rivkin
about the weekend Bitcoin bullish on weekly and montly -
kind of bearish to daily and 4H about to make a big move
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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