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The Swamp

  • #42,061
  • Sep 17, 2019 10:05am Sep 17, 2019 10:05am
Quoting giveachance
{quote} what is so special abt 1.1048 if I may ask you
not know.. I just play those technical levels ..they have been working for me for years...
  • #42,062
  • Sep 17, 2019 10:06am Sep 17, 2019 10:06am
Quoting giveachance
{quote} what is so special abt 1.1048 if I may ask you
1048 is boulder's russian programmer level. Honestly have no idea where that came from lol.

But it is also the edge of the daily range.

Atr is ~67 pips. So counting from the low you get roughly ~1048 depending on your broker's values.

Usually once the daily range is exhausted market tends to lose momentum. On normal days it might even reverse once it hits the daily range. But right now momentum doesn't seem to be letting up yet. Will have to see.
  • #42,063
  • Sep 17, 2019 10:06am Sep 17, 2019 10:06am
Quoting Boulder
{quote} not know.. I just play those technical levels ..they have been working for me for years...
1050 norm, I didnt think it could get this high yesterday. I'm leaving some tp open for xxx
those who can, do. those who cant, talk about those who can
  • #42,064
  • Sep 17, 2019 10:08am Sep 17, 2019 10:08am
Swissy cleared most levels...55 adr atm.....possibility to print new level is slim,,

FP R3 ----------0.9986
MP R1 ----------0.9965
RU R2 ----------0.9964
FP R2 ----------0.9957
WP R2 ----------0.9957
RU R1 ----------0.9943
FP R1 ----------0.9939
WP R1 ----------0.9936
FP PP ----------0.9911
  • #42,065
  • Sep 17, 2019 10:09am Sep 17, 2019 10:09am
Quoting thelws
{quote} 1048 is boulder's russian programmer level. Honestly have no idea where that came from lol. But it is also the edge of the daily range. Atr is ~67 pips. So counting from the low you get roughly ~1048 depending on your broker's values. Usually once the daily range is exhausted market tends to lose momentum. On normal days it might even reverse once it hits the daily range. But right now momentum doesn't seem to be letting up yet. Will have to see.
honestly I think 1.1109 is possible tomorrow after fed or european session
  • #42,066
  • Sep 17, 2019 10:13am Sep 17, 2019 10:13am
Quoting thelws
{quote} 1048 is boulder's russian programmer level. Honestly have no idea where that came from lol. But it is also the edge of the daily range. Atr is ~67 pips. So counting from the low you get roughly ~1048 depending on your broker's values. Usually once the daily range is exhausted market tends to lose momentum. On normal days it might even reverse once it hits the daily range. But right now momentum doesn't seem to be letting up yet. Will have to see.
I should not downplay Euro bulls strength...here is all levels today if bulls can achieve it...tomorrow is FOMC.. a lot of things can happen...

RU R3 ----------1.1090
FP R2 ----------1.1085
MP PP ----------1.1068
FP R1 ----------1.1063
RU R2 ----------1.1048
WP PP ----------1.1036
FP PP ----------1.1028
RU R1 ----------1.1022
FP S1 ----------1.0993
  • #42,067
  • Sep 17, 2019 10:19am Sep 17, 2019 10:19am
Quoting Boulder
{quote} I should not downplay Euro bulls strength...here is all levels today if bulls can achieve it...tomorrow is FOMC.. a lot of things can happen... RU R3 ----------1.1090 FP R2 ----------1.1085 MP PP ----------1.1068 FP R1 ----------1.1063 RU R2 ----------1.1048 WP PP ----------1.1036 FP PP ----------1.1028 RU R1 ----------1.1022 FP S1 ----------1.0993
Yea. Movements have been very crazy since ecb annoucement.
Really not the easiest month to trade
  • #42,068
  • Sep 17, 2019 10:20am Sep 17, 2019 10:20am
Quoting sptrading
{quote} Seems like they are hunting stops on UCHF not sure. What are your thoughts?
with this morning chaos talking about 10% repo....short of dollar liquidity... never thought dollar is pulling back. now . with Uchf is giving back its gain...
I wish I have shorted that 9964 then...
  • #42,069
  • Sep 17, 2019 10:43am Sep 17, 2019 10:43am
1063 printed.. 1068 next..

RU R3 ----------1.1090
FP R2 ----------1.1085
MP PP ----------1.1068
FP R1 ----------1.1063
RU R2 ----------1.1048
WP PP ----------1.1036
FP PP ----------1.1028
RU R1 ----------1.1022
FP S1 ----------1.0993

  • #42,070
  • Sep 17, 2019 10:48am Sep 17, 2019 10:48am
out another swissy at 9925 from this morning +10
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  • #42,071
  • Sep 17, 2019 10:50am Sep 17, 2019 10:50am
75 adr in Euro already... I added here 1063..
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  • #42,072
  • Sep 17, 2019 10:53am Sep 17, 2019 10:53am
Quoting Boulder
75 adr in Euro already... I added here 1063.. {image}
Not concerned that we've almost completely retraced yesterday's move? I know the trend is down, but momentum send pretty strong in the bulls favor
  • #42,073
  • Sep 17, 2019 10:58am Sep 17, 2019 10:58am
Quoting kasper
{quote} Not concerned that we've almost completely retraced yesterday's move? I know the trend is down, but momentum send pretty strong in the bulls favor
no concern about Eur shorts at all.... its part of my plan to position my positions along the way to day stop 1130.... I have Uchf shorts as hedge...collect pips from dollar down movement
you might ve know , we as US traders, we can't hedge, we have to learn to manage our risks to survive this in case our initial bets don't work out.. ...
  • #42,074
  • Sep 17, 2019 11:05am Sep 17, 2019 11:05am
half ass explanation. figures are off.. basically.. bond sales were a larger number than maturities. Remember these numbers are off. Approx 30 billion dollar difference. meaning the sales were 30 billion more than maturities. -30 billion. at the same time taxes were due yesterday. creating a usd shortage. the fed has to push usd out..

someone could check for real numbers. rick santini explained it better. I figure when the fed does it, its new money. not weighted by market demand. maybe by tomorrow it will be absorbed.
those who can, do. those who cant, talk about those who can
  • #42,075
  • Sep 17, 2019 11:07am Sep 17, 2019 11:07am
I feel terrible when my limits don't get triggered. I had a strong buy signal this morning but couldn't take it. Well...

Short 1.1063. Let's see what I get.
  • #42,076
  • Sep 17, 2019 11:08am Sep 17, 2019 11:08am
Quoting gatorinla
half ass explanation. figures are off.. basically.. bond sales were a larger number than maturities. Remember these numbers are off. Approx 30 billion dollar difference. meaning the sales were 30 billion more than maturities. -30 billion. at the same time taxes were due yesterday. creating a usd shortage. the fed has to push usd out.. someone could check for real numbers. rick santini explained it better. I figure when the fed does it, its new money. not weighted by market demand. maybe by tomorrow it will be absorbed.
plus tomorrow fomc, often things get pumped before.
those who can, do. those who cant, talk about those who can
  • #42,077
  • Sep 17, 2019 11:09am Sep 17, 2019 11:09am
Quoting gatorinla
half ass explanation. figures are off.. basically.. bond sales were a larger number than maturities. Remember these numbers are off. Approx 30 billion dollar difference. meaning the sales were 30 billion more than maturities. -30 billion. at the same time taxes were due yesterday. creating a usd shortage. the fed has to push usd out.. someone could check for real numbers. rick santini explained it better. I figure when the fed does it, its new money. not weighted by market demand. maybe by tomorrow it will be absorbed.
I need a bond guy to explain to me how all those things work....
I heard there is something to do with corp Q3 tax payment, they have to exchange bond to cash to make tax payment..
  • #42,078
  • Sep 17, 2019 11:15am Sep 17, 2019 11:15am
oh and the dummies buying into a 20% oil spike may need some margin. We will see who it was, when they shut the door.
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those who can, do. those who cant, talk about those who can
  • #42,079
  • Sep 17, 2019 11:18am Sep 17, 2019 11:18am
Quoting Boulder
{quote} I need a bond guy to explain to me how all those things work.... I heard there is something to do with corp Q3 tax payment, they have to exchange bond to cash to make tax payment..
corp taxes due yesterday, plus oil had a few margin calls for shorters and longers. Plus bonds... Somebody had a bad day if caught up in all this. A perfect storm if market went against them.
those who can, do. those who cant, talk about those who can
  • #42,080
  • Sep 17, 2019 11:21am Sep 17, 2019 11:21am
Swissy day chart looks like its going to give up more next a couple of days..
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