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The Swamp

  • #44,301
  • Edited 4:28pm Oct 9, 2019 3:18pm | Edited 4:28pm
I have closed my 0977 shorts with profit. Still holding some from 098x. My plan for tomorrow:

Edit: All shorts closed here at 0972. Since I expect a spike let me book and wait for the spike. Changed my chart.
Pending buy order: 0965. TP: 0998.
Pending sell order: 1.1000 (may move this depending on PA)
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  • #44,302
  • Oct 9, 2019 5:32pm Oct 9, 2019 5:32pm
One spike coming up.

Trade talks fail.
Follow the money --Mark Felt (Deepthroat)
  • #44,303
  • Oct 9, 2019 6:52pm Oct 9, 2019 6:52pm
I guess the recent eu move is due to trade talks. And now I know.
If trade talks fail, The case for another round of rate cuts will strengthen. Sell dollars, buy euro.

Above 0990 is confirmation. The question is when will it pop.
It all hinges on whether US will want to cave in this time or not. China holds all the cards here. Trump has to give in if he wants to prop the market up. China could take the pain of a no deal. But knowing trump's huge ego he will not agree to getting the losing end of a deal.
But then again, trump has a history of folding when the stakes get high. And he might be trying to deal with china to take pressure off his impeachment thing.


I'm betting on a long EU.
It just sucks a little that I got taken for a ride yesterday with that short breakout.
If trade deal turns out good, I'll be short eu
  • #44,304
  • Oct 9, 2019 7:04pm Oct 9, 2019 7:04pm
11+
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #44,305
  • Oct 9, 2019 7:09pm Oct 9, 2019 7:09pm
Quoting ill_be_back
11+ {image}
It's too bad I haven't woke up when that trade deal went sour. I would have loved to get out of my leftover shorts. Might have to close those with a small loss now.

If price falls back to 0968ish I'll start looking for a long. Or if it breaks 0990 which ever comes first.

If price closes below 0964 then short bias remains.

Anywhere from 0964 to 0990 is no man's land
  • #44,306
  • Edited 8:45pm Oct 9, 2019 7:21pm | Edited 8:45pm
Quoting thelws
{quote} It's too bad I haven't woke up when that trade deal went sour. I would have loved to get out of my leftover shorts. Might have to close those with a small loss now. If price falls back to 0968ish I'll start looking for a long. Or if it breaks 0990 which ever comes first. If price closes below 0964 then short bias remains. Anywhere from 0964 to 0990 is no man's land
Have one at RU S1
Cancelled
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A good trader follows his rules, but great trader knows when to break them
  • #44,307
  • Oct 9, 2019 7:28pm Oct 9, 2019 7:28pm
Quoting ill_be_back
{quote} Have one at RU S1 {image}
ibb, you have the value for RU R1?
A snails pace wins the race :-)
  • #44,308
  • Oct 9, 2019 7:36pm Oct 9, 2019 7:36pm
Quoting JustPipMe
{quote} ibb, you have the value for RU R1?
Use this
Attached File(s)
File Type: ex4 Support_resistance_levels__4 (1).ex4   77 KB | 341 downloads
A good trader follows his rules, but great trader knows when to break them
  • #44,309
  • Oct 9, 2019 8:40pm Oct 9, 2019 8:40pm
that break happened sooner than expected.

well here we go...

20min to hour close
  • #44,310
  • Oct 9, 2019 8:43pm Oct 9, 2019 8:43pm
Morning

Had some good trades on SPX - short and long mostly luck or profiting from BS headlines about China US Deal
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,311
  • Oct 9, 2019 8:44pm Oct 9, 2019 8:44pm
Quoting thelws
that break happened sooner than expected. well here we go... 20min to hour close
probably fake, just to get people in ...
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,312
  • Oct 9, 2019 8:51pm Oct 9, 2019 8:51pm
IHS may be developing for 1.1040 ish
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those who can, do. those who cant, talk about those who can
  • #44,313
  • Oct 9, 2019 8:57pm Oct 9, 2019 8:57pm
Quoting gatorinla
IHS may be developing for 1.0040 ish {image}
15M ? also 1.106 in the cards.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,314
  • Oct 9, 2019 9:00pm Oct 9, 2019 9:00pm
Quoting gatorinla
IHS may be developing for 1.1040 ish {image}
all i see is resistance 1.1020 - 040 - 060

Did you begin shorting ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,315
  • Oct 9, 2019 9:01pm Oct 9, 2019 9:01pm
Quoting DMA Trader
{quote} probably fake, just to get people in ...
Hour stop held. 1 more new hour.
  • #44,316
  • Oct 9, 2019 9:02pm Oct 9, 2019 9:02pm
Quoting DMA Trader
{quote} 15M ? also 1.106 in the cards.
i was showing 30 min.. I want to short from higher. so I'm just looking for some places on any rise..
those who can, do. those who cant, talk about those who can
  • #44,317
  • Oct 9, 2019 9:04pm Oct 9, 2019 9:04pm
Quoting DMA Trader
{quote} all i see is resistance 1.1020 - 040 - 060 Did you begin shorting ?
I have some already..
those who can, do. those who cant, talk about those who can
  • #44,318
  • Oct 9, 2019 9:07pm Oct 9, 2019 9:07pm
Quoting thelws
{quote} Hour stop held. 1 more new hour.
i would be more confident seeing it trade above 1.1 get that stops out of the way and then go down.

we'll see. strange to see EUR gaining strength while usd goes up against almost everything else.

but careful on any side. there are a lot of bs headlines all over the place probably all fake

China Delegation going home, China delegation getting partial deal signed. .. just like yesterday headlines from Beijing while in Beijing was 3:00 am
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,319
  • Oct 9, 2019 9:08pm Oct 9, 2019 9:08pm
Quoting gatorinla
{quote} I have some already..
good to know.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,320
  • Oct 9, 2019 9:10pm Oct 9, 2019 9:10pm
It's pretty bearish on day.. Shorting the spikes looks best..
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those who can, do. those who cant, talk about those who can
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