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The Swamp

  • #44,561
  • Oct 11, 2019 7:42am Oct 11, 2019 7:42am
Quoting Boulder
{quote} I think we might have seen the top today at 1062.. ....
well in that case, I hope it revisits the top so that I can cash out...
  • #44,562
  • Oct 11, 2019 7:48am Oct 11, 2019 7:48am
Quoting gatorinla
{quote} I know. 10 years + dont mean squat in the face of Brexit. Nobody knows what will happen. I wouldn't trust anyone who do said they knew. We will know when, today's hindsight is in the past. And even than, the cause will be debated. We know what we know, but what we know. May be wrong. Once we solve that. I think trading is easier.
So is today the final decision for brexit?
  • #44,563
  • Oct 11, 2019 7:52am Oct 11, 2019 7:52am
Quoting thelws
{quote} would also love for it to hit there. If it reaches, I''m going to cash out there and call it a week.
well done thelws.. you stay on longing EU these days..
  • #44,564
  • Oct 11, 2019 7:58am Oct 11, 2019 7:58am
I can't wait to see COT report today...we know institutions hold long and short EU at the same time, but they net short EU, when EU hits institutions supply zone, they will release their longs and drop this Eu to help their EU shorts..
  • #44,565
  • Oct 11, 2019 7:59am Oct 11, 2019 7:59am
Quoting Boulder
{quote} well done thelws.. you stay on longing EU these days..
Yea I switch over to longs after 1.0994 was broken.
Got an average price of 1.0998

Right now I'm just adjusting my stops higher.

But I want to cash out for the weekend. So hopefully it keeps going a bit more.
  • #44,566
  • Oct 11, 2019 8:01am Oct 11, 2019 8:01am
if you dont mind losing money. A short near 1.1070 Area R may be a decent R/R. One has to limit trade size. To the stop loss placed somewhere above 1070. And limit it to the % of loss one is willing to take. If today closes below 1.0980, Some of this trade may be worth holding. One can do the same with chf 1038 week number. 1038 being a larger number on a week tf. Means the stop may be wider. Somewhere above 1138, maybe above 1061. The chf chart is bullish on the larger tf. The eu is bearish on the larger tf. That dont mean things can't change. It dont mean these R's will hold. One has to know their individual limits. A man has to know his limitations.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #44,567
  • Oct 11, 2019 8:03am Oct 11, 2019 8:03am
Quoting mars1
{quote} So is today the final decision for brexit?
LOL.. I dont know.. Does anyone know..
those who can, do. those who cant, talk about those who can
  • #44,568
  • Oct 11, 2019 8:11am Oct 11, 2019 8:11am
Quoting htcone
{quote} please look at eurjpy, high move has been stretched up... retracement is overdue... may be short entry 11990 at daily sma100
sorry I missed your post early..hope you shorted EJ....11990 was a good place for a short..
  • #44,569
  • Oct 11, 2019 8:20am Oct 11, 2019 8:20am
Quoting thelws
{quote} Yea I switch over to longs after 1.0994 was broken. Got an average price of 1.0998 Right now I'm just adjusting my stops higher. But I want to cash out for the weekend. So hopefully it keeps going a bit more.
Close some 1.1052
  • #44,570
  • Oct 11, 2019 8:24am Oct 11, 2019 8:24am
Quoting gatorinla
if you dont mind losing money. A short near 1.1070 Area R may be a decent R/R. One has to limit trade size. To the stop loss placed somewhere above 1070. And limit it to the % of loss one is willing to take. If today closes below 1.0980, Some of this trade may be worth holding. One can do the same with chf 1038 week number. 1038 being a larger number on a week tf. Means the stop may be wider. Somewhere above 1138, maybe above 1061. The chf chart is bullish on the larger tf. The eu is bearish on the larger tf. That dont mean things can't change....
ps chf has .9990 quoted in some earlier post as R. It may prevent the 1038 test.. I really dont know since .9990 is a higher month close. Yes that should be bullish. The thing is, 1038 may have not got the memo. If so, pa may test .9914 day support again. 1038 has to have a week close above. Today is a week close. Its possible it happens today. These big ones often take several tries. I doubt it will happen on the first try w/o a few weeks of fighting.
those who can, do. those who cant, talk about those who can
  • #44,571
  • Oct 11, 2019 8:26am Oct 11, 2019 8:26am
Quoting thelws
{quote} Close some 1.1052
Close a bit more 1.1057. More than half closed.

If it hits 1.1070 will close most of it. And let some small position run over the weekend.

Edit: Closing out most of my position here. Not going to temp my greed. Leave a small position to run however long it wants to.

Done for the week. See you all next week.
  • #44,572
  • Oct 11, 2019 8:29am Oct 11, 2019 8:29am
Lessons from a legend....
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  • #44,573
  • Oct 11, 2019 8:33am Oct 11, 2019 8:33am
Quoting Boulder
{quote} I think we might have seen the top today at 1062.. ....

mm... not sure, this pa want more up..
still waiting short this
  • #44,574
  • Oct 11, 2019 8:49am Oct 11, 2019 8:49am
GU near 1.27
SPX 2980

US opens with some stops on SPX
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #44,575
  • Oct 11, 2019 9:06am Oct 11, 2019 9:06am
Quoting DMA Trader
GU near 1.27 SPX 2980 US opens with some stops on SPX
glad I don't trade GU....500 pips run these two days.....
  • #44,576
  • Oct 11, 2019 9:08am Oct 11, 2019 9:08am
on the phone..missed that EU 1061 short
  • #44,577
  • Oct 11, 2019 9:13am Oct 11, 2019 9:13am
Quoting Boulder
on the phone..missed that EU 1061 short
its not over yet.. hang up!!
  • #44,578
  • Oct 11, 2019 9:18am Oct 11, 2019 9:18am
usdx is also near day support. Its normal to bounce some or even resume the uptrend.
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those who can, do. those who cant, talk about those who can
  • #44,579
  • Oct 11, 2019 9:31am Oct 11, 2019 9:31am
Quoting gatorinla
usdx is also near day support. Its normal to bounce some or even resume the uptrend. {image}
Wxxxx's holding....
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  • #44,580
  • Oct 11, 2019 9:32am Oct 11, 2019 9:32am
It appears to me that EU has done its upside for the day. Selling the M. I missed the tip at 1060. A little girl of 10 was brought to me by the mom because she's peeing blood. She was raped. I mean, what's the problem with weak men these days who rape little children?
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