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The Swamp

  • #43,201
  • Oct 1, 2019 2:31am Oct 1, 2019 2:31am
early looking wedge around the physiological 1. on chf. wedge bottom in the mid 995x area.. channel bottom 992x ish.
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those who can, do. those who cant, talk about those who can
  • #43,202
  • Oct 1, 2019 2:31am Oct 1, 2019 2:31am
In my fallible experience, this descending triangle usually breaks down proper. Already got a 15min bear close below it. Still waiting for my buys below. I have a pending (hate pendings) at 0845 just in case. But if I see 0850-60 I will hop in on a northward bullet ride if my rules align.
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  • #43,203
  • Oct 1, 2019 2:32am Oct 1, 2019 2:32am
Quoting DMA Trader
{quote} was trying to keep DD on a maximum 5% this is very good since on exception on panic moves on drops so i can increase exposure on strange moves. This year there were a few times went above 10% when I said it's unprofessional, i But keeping a limit of 5% is what i think is very good and also can have a mental discipline. I also like to keep records and share sometimes talk to some traders. about DD. A very important thing on a 5-7% is the ability to be very objective when you are wrong. close some exposure on loss that you do not feel as pain...
perfectly said....
  • #43,204
  • Oct 1, 2019 2:39am Oct 1, 2019 2:39am
Quoting gatorinla
early looking wedge around the physiological 1. on chf. wedge bottom in the mid 995x area.. channel bottom 992x ish. {image}
inserted a smaller one, that breaks bottom around 9986..
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those who can, do. those who cant, talk about those who can
  • #43,205
  • Oct 1, 2019 2:58am Oct 1, 2019 2:58am
EU pmi is all bad. But price doesn't seem to be dropping much.
Going to assume it's already priced in.
Going to take a chance with long eu

long eu @1.0884
  • #43,206
  • Oct 1, 2019 2:59am Oct 1, 2019 2:59am
Quoting Mitiblotch
In my fallible experience, this descending triangle usually breaks down proper. Already got a 15min bear close below it. Still waiting for my buys below. I have a pending (hate pendings) at 0845 just in case. But if I see 0850-60 I will hop in on a northward bullet ride if my rules align. {image}
yes all i see is a possible panic. stop losses hit accounts blown. Everybody I think are expecting this.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,207
  • Oct 1, 2019 3:04am Oct 1, 2019 3:04am
nothing for me to do atm....I will wait for US open....all I see is dollar is way overextended in various pairs...I am waiting for dollar correction... it may come very soon.......I will be back here in a few hours...
  • #43,208
  • Oct 1, 2019 3:16am Oct 1, 2019 3:16am
Quoting Boulder
nothing for me to do atm....I will wait for US open....all I see is dollar is way overextended in various pairs...I am waiting for dollar correction... it may come very soon.......I will be back here in a few hours...
well bad data for EUR also CHF. on a very good data for US today we can see a big panic buy for USD so will be time to play against if the case
but on a weak US data today we may have a relief rally or a dead bounce - also bad data on US will again begin with trump tweets - fed and so on
So patience is key like you said
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,209
  • Oct 1, 2019 3:21am Oct 1, 2019 3:21am
added 2 more in swissy. and closed some side trades too.
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The mind is not a book to be opened at will and examined at leisure
  • #43,210
  • Oct 1, 2019 3:29am Oct 1, 2019 3:29am
Quoting gatorinla
{quote} inserted a smaller one, that breaks bottom around 9986.. {image}
nope..
those who can, do. those who cant, talk about those who can
  • #43,211
  • Oct 1, 2019 3:30am Oct 1, 2019 3:30am
Quoting DMA Trader
{quote} well bad data for EUR also CHF. on a very good data for US today we can see a big panic buy for USD so will be time to play against if the case but on a weak US data today we may have a relief rally or a dead bounce - also bad data on US will again begin with trump tweets - fed and so on So patience is key like you said
I dont know about panic.. Its been on the trajectory for a while now.
those who can, do. those who cant, talk about those who can
  • #43,212
  • Oct 1, 2019 3:31am Oct 1, 2019 3:31am
Quoting DMA Trader
{quote} adding GU long - will close it on loss if i see a new low.
been stopped on the add. see better than expected data. will look how the 1h close
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,213
  • Oct 1, 2019 3:33am Oct 1, 2019 3:33am
little channel not containing usd bulls. chf pushed through.
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those who can, do. those who cant, talk about those who can
  • #43,214
  • Oct 1, 2019 4:04am Oct 1, 2019 4:04am
I can see that W pattern on EU 15 and 30mins. Seems we are going to test the daily pivot at 0911.

Didn't see this on time. Well, Long 0897. SL 0867. I really would have wanted to buy where my SL is, but it's beginning to seem that we may not get there today.
  • #43,215
  • Oct 1, 2019 4:07am Oct 1, 2019 4:07am
Quoting thelws
EU pmi is all bad. But price doesn't seem to be dropping much. Going to assume it's already priced in. Going to take a chance with long eu long eu @1.0884
Targetting 1.0910 as first level TP.
Secretly hoping it will reach 1.0943 at least.
  • #43,216
  • Oct 1, 2019 4:08am Oct 1, 2019 4:08am
Next 4.h will be decisive
don't predict direction, but dance with flow of water
  • #43,217
  • Oct 1, 2019 4:30am Oct 1, 2019 4:30am
Book my 14 pip profit.
don't predict direction, but dance with flow of water
  • #43,218
  • Oct 1, 2019 4:33am Oct 1, 2019 4:33am
It's the end of the world for all currency's against USD and we cannot see a 1H close of USX below EMA 3 wow
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #43,219
  • Oct 1, 2019 5:01am Oct 1, 2019 5:01am
Quoting thelws
{quote} Targetting 1.0910 as first level TP. Secretly hoping it will reach 1.0943 at least.
Moving stop to BE.
Set and forget.
Price might not be ready to go higher. Will see what happens in US
  • #43,220
  • Edited 5:21am Oct 1, 2019 5:08am | Edited 5:21am
usdx is doing its thing, if i could trade it i would get in right now. smart money will start making positions now (spike can come), 1st target will be weekly pivot and 2nd tp will be where ever 100 day ema will be. I have added my 4th and final sell in swissy, now i just will manage my account if necessary. tp will be 100 day ema or weekly pivot if i feel it has legs. Until USDX does not break 100day ema i dont see it going more down, smart money will push it till there to load more longs. this is the reason i did not went short on swissy last week coz it had a bounce from 100 day ema on 1 hr tf and today it bounced on 4 hr tf. i am betting on the exhaustion of the rally and the reloading of longs @ 100 day ema.
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The mind is not a book to be opened at will and examined at leisure
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