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The Swamp

  • #45,261
  • Oct 18, 2019 8:58am Oct 18, 2019 8:58am
if the high holds.. the path may resemble this. The 1h and 4h are bullish..5m is bullish also.. below 1124 with an h close sometimes develops. 1m turned bearish
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those who can, do. those who cant, talk about those who can
  • #45,262
  • Oct 18, 2019 9:00am Oct 18, 2019 9:00am
Quoting DMA Trader
{quote} 1.113 strange level.
now support.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #45,263
  • Oct 18, 2019 9:04am Oct 18, 2019 9:04am
Hard resistance to break the 1.1150 .... Here is an old chart of mine ( https://invst.ly/c7v-k )... Good Job for everyone that shorted it !
  • #45,264
  • Oct 18, 2019 9:05am Oct 18, 2019 9:05am
well at this rate coffee will be exotic luxury for bears
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #45,265
  • Oct 18, 2019 9:18am Oct 18, 2019 9:18am
Quoting gatorinla
if the high holds.. the path may resemble this. The 1h and 4h are bullish..5m is bullish also.. below 1124 with an h close sometimes develops. 1m turned bearish {image}
Curious, how are you determining when a timeframe switches between bullish/bearish? Mt4 indicator? Or something simpler?
  • #45,266
  • Oct 18, 2019 9:37am Oct 18, 2019 9:37am
So true...
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  • #45,267
  • Oct 18, 2019 9:52am Oct 18, 2019 9:52am
Quoting kasper
{quote} Curious, how are you determining when a timeframe switches between bullish/bearish? Mt4 indicator? Or something simpler?
mostly 200 and 267 ema,, cross.. you could add a 21 cross. 200 cross the 267 is usually dominant direction along with pa side.

example bearish pa, 200 above pa. 267 above 200. pa below 21. 21 below 200.. any tf.
those who can, do. those who cant, talk about those who can
  • #45,268
  • Oct 18, 2019 10:00am Oct 18, 2019 10:00am
Quoting DMA Trader
well at this rate coffee will be exotic luxury for bears {image}
may have to dumpster dive and suck on an old coffee filter.
lc dont appear to give bears a thing atm. Brexit is a cluster-f

lc before weekend and vote. I would think they would close ahead of vote and swap. with 25 min to go, it dont look like it..
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those who can, do. those who cant, talk about those who can
  • #45,269
  • Oct 18, 2019 10:04am Oct 18, 2019 10:04am
Quoting Boulder
{quote} shorted EU 1144 for big accounts...lets see {image}
Does that mean big lots compared to standard scalping? Still 10Pips TP ? 1.11340 ?
Biggest Mistake ? Over Leverage
  • #45,270
  • Oct 18, 2019 10:09am Oct 18, 2019 10:09am
Quoting gatorinla
{quote} may have to dumpster dive and suck on an old coffee filter. lc dont appear to give bears a thing atm. Brexit is a cluster-f lc before weekend and vote. I would think they would close ahead of vote and swap. with 25 min to go, it dont look like it.. {image}
Swap not charged until NY close. May get something before then maybe.
  • #45,271
  • Oct 18, 2019 10:20am Oct 18, 2019 10:20am
Quoting sing2x
{quote} Does that mean big lots compared to standard scalping? Still 10Pips TP ? 1.11340 ?
TP open with stop in sight...but I will not carry over the weekend...
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  • #45,272
  • Oct 18, 2019 10:20am Oct 18, 2019 10:20am
Quoting swd
{quote} Swap not charged until NY close. May get something before then maybe.
If one is closing shop for the day in London, they close soon. That's why we say lc. It has a lot of influence. Some of them closing should bump pa. Volume is much less after lc. lc above 1121 is prone to have a spike monday. (void if agreement rejected)
those who can, do. those who cant, talk about those who can
  • #45,273
  • Oct 18, 2019 10:52am Oct 18, 2019 10:52am
Quoting gatorinla
{quote} If one is closing shop for the day in London, they close soon. That's why we say lc. It has a lot of influence. Some of them closing should bump pa. Volume is much less after lc. lc above 1121 is prone to have a spike monday. (void if agreement rejected)
lc higher on the day and week, 1h, 4h, day are still bullish. 200 day ema at 1203.
those who can, do. those who cant, talk about those who can
  • #45,274
  • Oct 18, 2019 10:53am Oct 18, 2019 10:53am
Current price is to close to 1,1165 so im closing nearly all my longs and will open new positions next week. Remember no position is still a position !! Happy weekend everyone !
  • #45,275
  • Oct 18, 2019 10:57am Oct 18, 2019 10:57am
Quoting priceaction1
{quote} my levels show 1.1161. {image}
ok let see,
https://charts.mql5.com/22/562/eurus...al-limited.png
don't predict direction, but dance with flow of water
  • #45,276
  • Oct 18, 2019 11:05am Oct 18, 2019 11:05am
Quoting priceaction1
{quote} ok let see, {image}
I did too... stop out the big orders at 1142 , +2.. tried again at 1148.....lets see..
Attached Image
  • #45,277
  • Oct 18, 2019 11:20am Oct 18, 2019 11:20am
Quoting priceaction1
{quote} ok let see, {image}
my last short was 1.1130 crazy almost 1160
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #45,278
  • Oct 18, 2019 11:23am Oct 18, 2019 11:23am
In & OUT 6+
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A good trader follows his rules, but great trader knows when to break them
  • #45,279
  • Oct 18, 2019 11:28am Oct 18, 2019 11:28am
Next
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A good trader follows his rules, but great trader knows when to break them
  • #45,280
  • Oct 18, 2019 12:17pm Oct 18, 2019 12:17pm
Short 1160, target 880. May close between 950-1000.

EDIT: Adding EJ short at 121.05, target 300 pips.
Everyone can see the chart, but only a few can actually read it.
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