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The Swamp

  • #47,981
  • Dec 2, 2019 8:49am Dec 2, 2019 8:49am
Quoting jshear
{quote} Mine too. Cheers Jeff
better stuck in EurUsd instead of Swiss.... swiss costed me fortune on swaps..
  • #47,982
  • Dec 2, 2019 8:51am Dec 2, 2019 8:51am
Quoting Boulder
{quote} 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.. ...
I'm out of all chf..got a pending long from weeks back 9890
those who can, do. those who cant, talk about those who can
  • #47,983
  • Dec 2, 2019 8:53am Dec 2, 2019 8:53am
Quoting Boulder
{quote} so close to test day downtrend stop...last manual add Eur short 1.1088 for today..
out 1078,+10
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  • #47,984
  • Dec 2, 2019 8:55am Dec 2, 2019 8:55am
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Targets pending
  • #47,985
  • Dec 2, 2019 8:57am Dec 2, 2019 8:57am
Quoting Boulder
{quote} so close to test day downtrend stop...last manual add Eur short 1.1088 for today..
those who can, do. those who cant, talk about those who can
  • #47,986
  • Dec 2, 2019 8:59am Dec 2, 2019 8:59am
EU completed the W on the daily in just two days: Friday and today. I now hold three shorts: 1066, 1075 and 1089.
  • #47,987
  • Dec 2, 2019 9:01am Dec 2, 2019 9:01am
Quoting swd
{image} Targets pending
Hi, since you mentioned it to me before..I would like to ask you.. instead of using swiss shorts to hedge EurUsd,, any good suggestion to hedge Eurusd shorts without using swiss? its too expensive to short swiss
  • #47,988
  • Dec 2, 2019 9:02am Dec 2, 2019 9:02am
Quoting gatorinla
{quote}
I will refill if it bounces up again....otherwise next TP 1070, 1063..
  • #47,989
  • Dec 2, 2019 9:47am Dec 2, 2019 9:47am
;
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  • #47,990
  • Dec 2, 2019 9:51am Dec 2, 2019 9:51am
1022 looks like an easy target for bears.
Everyone can see the chart, but only a few can actually read it.
  • #47,991
  • Dec 2, 2019 10:12am Dec 2, 2019 10:12am
Quoting Boulder
{quote} I will refill if it bounces up again....otherwise next TP 1070, 1063..
TP out another 1070 +10
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  • #47,992
  • Dec 2, 2019 10:13am Dec 2, 2019 10:13am
Quoting Boulder
; {image}
It's been the opposite for a while now.
  • #47,993
  • Dec 2, 2019 10:35am Dec 2, 2019 10:35am
Beautiful and unusual day. May be the day with more pips - EU, UJ, USTEC, UC, AU, happy trading!. EU 1,1030, was key indeed - https://invst.ly/ovyr0. Keep an eye on 1,11, on upside and 1,104/5 downside.
  • #47,994
  • Dec 2, 2019 10:47am Dec 2, 2019 10:47am
D1 PA respected EMA 100, but is above Kumo cloud, Ma 50, Ema 21 and Ema 6, letīs see where itīs going to close.https://invst.ly/ovy-w
  • #47,995
  • Dec 2, 2019 11:38am Dec 2, 2019 11:38am
EU -Interesting simmetry of fibo levels from diferent moves.https://invst.ly/ovzpd
USD/CHF - Range at work - https://invst.ly/ovzti
  • #47,996
  • Dec 2, 2019 11:46am Dec 2, 2019 11:46am
Quoting Boulder
{quote} Hi, since you mentioned it to me before..I would like to ask you.. instead of using swiss shorts to hedge EurUsd,, any good suggestion to hedge Eurusd shorts without using swiss? its too expensive to short swiss
Sorry putting up xmas tree. ok. This is how I see it. If you accept that EURUSD and USDCHF are inversely correlated then shorting EURUSD and shorting USDCHF is a neutral hedge, not withstanding any adjustments in size between the two. To me, this means that if you win on EURUSD shorts you will lose a similar amount on USDCHF shorts, as they are inversely correlated.

EURCHF and EURUSD are positively correlated about 85%. So, if you wish the same sort of neutral hedge, then when shorting EURUSD you could long EURCHF. Due to positive correlation one will win, one will lose (generally). However EURCHF longs pay positive swap as do EURUSD shorts.

I do not trade like this (neutral hedge approach). But I think you do so this may help or not. You might also look for other pairs that EURUSD is positively or negatively correlated with (USDCAD for e.g).
  • #47,997
  • Dec 2, 2019 12:42pm Dec 2, 2019 12:42pm
12h trend held so far, 1087. a 12 close below 1035 may resume it. the lc day close indicated the high may be tested, within the next 24 h. . this may be the test atm. momentum wise pa looks bullish into Resistance.
those who can, do. those who cant, talk about those who can
  • #47,998
  • Edited 1:05pm Dec 2, 2019 12:55pm | Edited 1:05pm
Quoting gatorinla
12h trend held so far, 1087. a 12 close below 1035 may resume it. the lc day close indicated the high may be tested, within the next 24 h. . this may be the test atm. momentum wise pa looks bullish into Resistance.
testing 1, 2, 3.
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those who can, do. those who cant, talk about those who can
  • #47,999
  • Dec 2, 2019 12:57pm Dec 2, 2019 12:57pm
Quoting gatorinla
{quote} testing 1, 2, 3. {image}
I hope for all, I have some nice adds planned for them
  • #48,000
  • Dec 2, 2019 1:25pm Dec 2, 2019 1:25pm
Quoting swd
{quote} Sorry putting up xmas tree. ok. This is how I see it. If you accept that EURUSD and USDCHF are inversely correlated then shorting EURUSD and shorting USDCHF is a neutral hedge, not withstanding any adjustments in size between the two. To me, this means that if you win on EURUSD shorts you will lose a similar amount on USDCHF shorts, as they are inversely correlated. EURCHF and EURUSD are positively correlated about 85%. So, if you wish the same sort of neutral hedge, then when shorting EURUSD you could long EURCHF. Due to positive correlation...
thanks swd,,
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