The Swamp

Quoting gatorinla

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{quote} muddy sure, but before this NFP week. Historically famous for the eu pre-pump. A new inside low was made. That inside low, indicated 1.0798 is targeted. Within that target 1083 retrace is normal. Older target outside of any inside pa targets 1.0846.7

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Quoting Boulder

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shorted Eu here at 1100

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Quoting gatorinla

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nice little ea run the past few days.. not for newbee's. the volatility countered the eu boredom.. {image}

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Quoting swd

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{quote} I'm not at a level where I understand the mechanics of what you are saying. Still reading alot of older posts to learn more about charting as it's not something I usually depend on. Thank you for the insight I'll look into it more.

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Quoting gatorinla

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{quote} 200 ema day is near current 1163.. Treat it like R.. Its hard, but pliable. Pa is unlikely to cross it much..often it get close and repelled. It's close to it now. I say it pliable meaning it can cross, and it can close above for a week or so. Those crosses have not gone for for a few years now. And later if it starts closing below it again the trend should remain. The problem bulls will have is, the swap. The swap keeps the 200 in play.. The fed weakens the usd,, then the ecb counters. The thing that remains constant is the 200 day ema,...

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Quoting swd

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{quote} Good information thanks. I do something with 200 SMA at the moment, but it's statistical along with alot of other stuff relating to co-integration and the like. It doesn't really fit with standard charting at all but came here to learn and fall on my arse a few times in the process. Thanks

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Quoting gatorinla

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{quote} when in Rome, do what the Romans do. Most tech's traders use the 200 for reference. Yes, even the large banks.. 200 and 50 cross is often used as trend change..

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Quoting gatorinla

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{quote} when in Rome, do what the Romans do. Most tech's traders use the 200 for reference. Yes, even the large banks.. 200 and 50 cross is often used as trend change.. {image}

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Quoting swd

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{quote} I appreciate the insight for sure. I'm from the algorithmic world where the emphasis was betting on a sure thing (e.g co-integration of an index future to its cash counter-part). This didn't involve MA's or pivots or any indicators. So alot of catching up to do. I'm new to charting not to trading.

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Quoting gatorinla

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{quote} good luck on that.. the closest you will get to a sure thing is death. So for, death is up. The only ones that have a chance to beat it, is us breathing. With time our odds decrease. But we keep on trying.

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Quoting swd

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In again GBPUSD / EURGBP. Could go either way, ready one way or the other. {image}

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Quoting swd

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{quote} I have written sure thing and run it for some years. I am (was) a programmer. It involved capturing the negative alpha from a trade set. I can tell you precisely what to do, but you need to be a bank with leased lines not SIP for it to work now. You also have to be very ell capitalised. I have tried it on retail brokers using spot pricing and futures, worked for a while but they got wise to what I was doing within a few weeks and despite being co-located and running a very fast box over FIX API, they just needed to delay execution and /...

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Quoting gatorinla

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{quote} I have seen some great runs. Some bots work fine for a while. But one day something changes. A rouge tweet, a war breaks out, someone dies or the fat finger. Most systems have rough times eventually. Because things constantly evolve. Too many variables for anyone to keep track o. Even harder know what it will represent in future price. All you can do is swim toward the shore. The waves, current, and tides will often change. Even one health and mental health can affect the swim. 100 of us can jump off the ship and swim toward the shore. Not...

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