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The Swamp

  • #47,961
  • Dec 2, 2019 9:13am Dec 2, 2019 9:13am
Out of all my Swissy shorts averaging out. Short Euro here at 1.1062



Cheers

Jeff
I EAT PIPS
  • #47,962
  • Dec 2, 2019 9:24am Dec 2, 2019 9:24am
PMI misses again. I would guess we are now in the middle of a recession.
  • #47,963
  • Dec 2, 2019 9:34am Dec 2, 2019 9:34am
1.1091 EurUsd day downtrend stop...
  • #47,964
  • Dec 2, 2019 9:35am Dec 2, 2019 9:35am
Quoting unlv_tj
PMI misses again. I would guess we are now in the middle of a recession.
corporate debt at all time high, the next banking crises. 10 trillian $, bend over middle class. When interest rates go up, you will be left holding the bag again. Meanwhile the deficit that was supposed to drop, is up 3 trillian more. GDP has no improvement (still 2.2% ish). Each newly created job cost about 3 million $ (per job). Oh, and your life expectancy has dropped.
those who can, do. those who cant, talk about those who can
  • #47,965
  • Dec 2, 2019 9:36am Dec 2, 2019 9:36am
Quoting unlv_tj
PMI misses again. I would guess we are now in the middle of a recession.
But good for dollar longer term?
  • #47,966
  • Dec 2, 2019 9:37am Dec 2, 2019 9:37am
Quoting Boulder
1.1091 EurUsd day downtrend stop...
1083.7 is in the 0798 pattern as a norm
those who can, do. those who cant, talk about those who can
  • #47,967
  • Dec 2, 2019 9:39am Dec 2, 2019 9:39am
EURUSD whenever it rises it always moves furiously like a thief at night. Sold 1066 and 1075.
  • #47,968
  • Dec 2, 2019 9:42am Dec 2, 2019 9:42am
Quoting jshear
Out of all my Swissy shorts averaging out. Short Euro here at 1.1062 Cheers Jeff
I still have 3 more swiss which need TP out..using swiss profit to load up EurUsd shorts
  • #47,969
  • Dec 2, 2019 9:42am Dec 2, 2019 9:42am
Quoting Mitiblotch
EURUSD whenever it rises it always moves furiously like a thief at night. Sold 1066 and 1075.
damn right
  • #47,970
  • Dec 2, 2019 9:44am Dec 2, 2019 9:44am
Quoting Boulder
{quote} I still have 3 more swiss which need TP out..using swiss profit to load up EurUsd
looks like your awake. I set level alarms for a power nap..
those who can, do. those who cant, talk about those who can
  • #47,971
  • Dec 2, 2019 9:55am Dec 2, 2019 9:55am
1.1080 is a big hurdle for the euro above which is 1.1120
  • #47,972
  • Dec 2, 2019 10:15am Dec 2, 2019 10:15am
Quoting gatenio
{quote} damn right
In the past 3 weeks this funny pair could barely move 10 pips per day. Today it rises 80 pips without stress.
  • #47,973
  • Dec 2, 2019 10:16am Dec 2, 2019 10:16am
Quoting gatorinla
{quote} 1083.7 is in the 0798 pattern as a norm
lets see if it drops soon..
those who can, do. those who cant, talk about those who can
  • #47,974
  • Dec 2, 2019 10:29am Dec 2, 2019 10:29am
lc on the day will be higher. if pa drops, it may come back to 1083 within the next 24 h to dt. The month, and week lc closed lower. so I still expect a drop toward last weeks lows.. possibly to make a run at 1.0798.. in the 1083.7 sequence. Boulder's day stop at 1094..
those who can, do. those who cant, talk about those who can
  • #47,975
  • Dec 2, 2019 10:36am Dec 2, 2019 10:36am
Quoting Boulder
1.1091 EurUsd day downtrend stop...
so close to test day downtrend stop...last manual add Eur short 1.1088 for today..
  • #47,976
  • Dec 2, 2019 10:38am Dec 2, 2019 10:38am
Quoting Boulder
{quote} so close to test day downtrend stop...last manual add Eur short 1.1088 for today..
my grid stops here too.
those who can, do. those who cant, talk about those who can
  • #47,977
  • Dec 2, 2019 10:42am Dec 2, 2019 10:42am
Quoting WhipKream
{quote} But good for dollar longer term?
I honestly don't know, I guess it depends "how long term". If this keeps up, the USD will go the way of the other past world reserve currencies and lose its world reserve currency status and the value will drop greatly as a result. Will that happen in the next 10 years? I don't know.
  • #47,978
  • Dec 2, 2019 10:44am Dec 2, 2019 10:44am
Quoting Boulder
{quote} so close to test day downtrend stop...last manual add Eur short 1.1088 for today..

Mine too.



Cheers

Jeff
I EAT PIPS
  • #47,979
  • Dec 2, 2019 10:47am Dec 2, 2019 10:47am
Quoting gatorinla
{quote} my grid stops here too.
kind glad for what is happening today..I can TP out almost all Swiss positions but 2...using the profits to add back Eur shorts... now just patiently wait for Eur to come down in a day or two.. ...
  • #47,980
  • Dec 2, 2019 10:49am Dec 2, 2019 10:49am
I can't yet long this long term. My charts tell me 1.0878 isn't the low. I expect an attack downside.

I don't really follow Elliott wave but i read somewhere where an impulse without retrace is a corrective wave so this could be a fake move upside.
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