The Swamp | Page 2439 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #48,761
  • Dec 16, 2019 7:24pm Dec 16, 2019 7:24pm
Congratulations Drew Brees, 541 TD passes. All time record.
those who can, do. those who cant, talk about those who can
  • #48,762
  • Dec 16, 2019 7:58pm Dec 16, 2019 7:58pm
Quoting gatorinla
{quote} Now the day candle has a higher close. Its into R in this area, near the 200.. Bulls haven't given up yet. Many talked about Friday's day candle. One should not ignore Friday's candle was a green week candle (higher than previous) close. Hopefully bears will come for me. {image}
u tend to confuse traders here. you talk bullish as well as bearish. yesterday u said ur bear case scenario is 1107. stick to your opinion. there are many new traders who treat you as idol
  • #48,763
  • Dec 16, 2019 8:07pm Dec 16, 2019 8:07pm
Quoting Mitiblotch
No need dreaming of a move down yet like I earlier stated. Price isn't ready to do that yet. Long 1142
I added to this trade at 1144 with a set TP of 1154. It closed out in profit with the Asian spike. The main one from 1142 I didnt put a TP and just booked manually at 1147. Good 15 pips to start my day. Now wait for London.
  • #48,764
  • Dec 16, 2019 8:10pm Dec 16, 2019 8:10pm
Quoting Mitiblotch
{quote} I added to this trade at 1144 with a set TP of 1154. It closed out in profit with the Asian spike. The main one from 1142 I didnt put a TP and just booked manually at 1147. Good 15 pips to start my day. Now wait for London.
I am short with a break of 1123 followed by 1.1070. lets see how this pans out. I dont see a reason to buy this no matter what asia thinks. it looks like some cross based buying in the euro has happened which should frizzle out soon
  • #48,765
  • Edited Dec 17, 2019 12:44am Dec 16, 2019 8:20pm | Edited Dec 17, 2019 12:44am
Quoting giveachance
{quote} I am short with a break of 1123 followed by 1.1070. lets see how this pans out. I dont see a reason to buy this no matter what asia thinks
Your trade idea makes sense. I personally do not trade breaks. I have a tried and tested method of knowing what price will do (EURUSD only) by tracking the sequence of moves of the various trading sessions. Many times they don't make sense but I just follow the market makers. I talked about 1160 yesterday and we got 1158. I knew that price would happen. The two buys I took last night were based solely on this principle. Sometimes I get it wrong also and sometimes they mix it up completely.

Add the principle above plus very good candlestick reading ability and I am home and dry.

If I miss the intraday top / bottom by more than 10 pips I usually forego the trade, except in some conditions. EU is a funny pair. I noticed by the time the break happens ADR is almost done. Lol... so I had to device means to catch the monkey by the tail.
  • #48,766
  • Dec 16, 2019 8:25pm Dec 16, 2019 8:25pm
Quoting Mitiblotch
{quote} Your trade idea makes sense. I personally do not trade breaks. I have a tried and tested method of knowing what price will do (EURUSD only) by tracking the sequence of moves of the various trading sessions. Many times they don't make sense but I just follow the market makers. I talked about 1160 yesterday and we got 1158. I knew that price would happen. The two buys I took last night were based solely on this principle. Sometimes I get it wrong also and sometimes they mix it up completely. Add th principle above plus very good candlestick...
good luck with your trade. if 1160 is hit for some reason I will add one more. regardless of that i will sell 1122. you dont like breaks. if you would have sold the break of 1250 2 years back you would have been sitting calm collecting money. there was one trader called sisse. he was so bullish that he was calling for 1.30 and even 1.40 and even said ECB would hike rates
  • #48,767
  • Dec 16, 2019 8:27pm Dec 16, 2019 8:27pm
Quoting giveachance
{quote} u tend to confuse traders here. you talk bullish as well as bearish. yesterday u said ur bear case scenario is 1107. stick to your opinion. there are many new traders who treat you as idol
Trading is confusing.. I gave my opinion. And I also didnt sugar coat my concerns. I stated I was cautiously bearish/neutral. I explained why. I further explained the lc close was higher today (i did the same Friday). I'm bearish, but I said the lc was higher as well as the higher lows and HH. Still under the week bearish trend and the 200 day. I also posted a usd chart concerning usdx 97.11 several time over the past weeks. I also explained the need to take out the low.

Yes it's confusing, Because certain criteria is missed to change bearish and bullish. That's what happens in a range. A neutral view bearish under the 200 day ema. It's bullish into bearish resistance. So when near R cut your longs and consider shorting. A swing is hard now. That's why I have set a grid.

I have large shorts.. but scalped a few longs today. Plus a bunch of eur/aud longs were scalped.
those who can, do. those who cant, talk about those who can
  • #48,768
  • Dec 16, 2019 8:33pm Dec 16, 2019 8:33pm
Quoting gatorinla
{quote} Trading is confusing.. I gave my opinion. And I also didnt sugar coat my concerns. I stated I was cautiously bearish/neutral. I explained why. I further explained the lc close was higher today (i did the same Friday). I'm bearish, but I said the lc was higher as well as the higher lows and HH. Still under the week bearish trend and the 200 day. I also posted a usd chart concerning usdx 97.11 several time over the past weeks. I also explained the need to take out the low. Yes it's confusing, Because certain criteria is missed to change bearish...
370 pips is 4.5 month range for the euro which is ridiculously tight for a major and with the stock market rally as a contrarian trade it should have been sold more
  • #48,769
  • Dec 16, 2019 8:54pm Dec 16, 2019 8:54pm
Quoting giveachance
{quote} 370 pips is 4.5 month range for the euro which is ridiculously tight for a major and with the stock market rally as a contrarian trade it should have been sold more
Not with the fed screwing usd bulls like they did in 2007/and 2008. This makes figuring stuff out harder. Atm the world has a usd lack of liquidity problem. The usd should fly, but the fed is adding billions each week. Demand for the usd is being skewed. Its like QE w/o the name QE. Hedge funds and many in europe etc are looking for a place to make yield. Since German etc are paying squat they come to the u.s. The conversion is placing demand on usd.. The fed is satisfying the demand by adding more $.

Inserted Video
those who can, do. those who cant, talk about those who can
  • #48,770
  • Dec 16, 2019 9:03pm Dec 16, 2019 9:03pm
Quoting gatorinla
{quote} Not with the fed screwing usd bulls like they did in 2007/and 2008. This makes figuring stuff out harder. Atm the world has a usd lack of liquidity problem. The usd should fly, but the fed is adding billions each week. Demand for the usd is being skewed. Its like QE w/o the name QE. Hedge funds and many in europe etc are looking for a place to make yield. Since German etc are paying squat they come to the u.s. The conversion is placing demand on usd.. The fed is satisfying the demand by adding more $. https://www.youtube.com/watch?v=n0NYBTkE1yQ...
PS, U.S. corporate debt is at a all time high. 10 trillion +. So all those overseas seeking yield buying U.S. corporate bonds. Are buying a lot of garbage. About 1/3 of corporate bonds are junk.
those who can, do. those who cant, talk about those who can
  • #48,771
  • Dec 16, 2019 9:19pm Dec 16, 2019 9:19pm
Quoting gatorinla
{quote} Not with the fed screwing usd bulls like they did in 2007/and 2008. This makes figuring stuff out harder. Atm the world has a usd lack of liquidity problem. The usd should fly, but the fed is adding billions each week. Demand for the usd is being skewed. Its like QE w/o the name QE. Hedge funds and many in europe etc are looking for a place to make yield. Since German etc are paying squat they come to the u.s. The conversion is placing demand on usd.. The fed is satisfying the demand by adding more $. https://www.youtube.com/watch?v=n0NYBTkE1yQ...
thanks for sharing. bernanke looks clueless. republican certainly had his homework done. janet yellen was much wiser than him and powell certainly looks like a muppet
  • #48,772
  • Dec 16, 2019 9:20pm Dec 16, 2019 9:20pm
Quoting gatorinla
{quote} PS, U.S. corporate debt is at a all time high. 10 trillion +. So all those overseas seeking yield buying U.S. corporate bonds. Are buying a lot of garbage. About 1/3 of corporate bonds are junk.
qatar saudis and china have bulk of them
  • #48,773
  • Dec 16, 2019 10:04pm Dec 16, 2019 10:04pm
1.116 might be the high again for today as Miti predicted yesterday. Other than that, I think we could easily hit 1.11 and possibly bottom out at 1.1087-75. If so DXY will probably reach towards 97.86. Might just be another slow day unless Trump starts the twitter machine. My upper limit is 1.122 but I do not see it as a major possibility. As gator said with the Fed dumping dollars, I would like to see a nice dollar rally before setting up the big short on UJ. 40 pips to go there. Getting ancy.
  • #48,774
  • Dec 17, 2019 12:37am Dec 17, 2019 12:37am
Strong bottoming on UsdChf H1, H4 and daily, so EU drop should accelerate this week.
Everyone can see the chart, but only a few can actually read it.
  • #48,775
  • Dec 17, 2019 12:56am Dec 17, 2019 12:56am
from Newsqawk
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 95 KB
  • #48,776
  • Dec 17, 2019 1:03am Dec 17, 2019 1:03am
Rejected off trendline. Can still go to 1.12 first
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20191217-090245_IG Trading.jpg Size: 714 KB
  • #48,777
  • Dec 17, 2019 1:08am Dec 17, 2019 1:08am
I am a bear on EU but I my bias doesnt stop me from scalping longs when necessary until my sell point is met. This pair isn't ready to move down yet. I guess they will find a way to take it up again.
  • #48,778
  • Dec 17, 2019 1:14am Dec 17, 2019 1:14am
While waiting for my sell entry, I want to scalp buy around 1120 but I don't know If price will touch there. For starters:

Long 1136. Will add if 1120 happens.
  • #48,779
  • Dec 17, 2019 1:18am Dec 17, 2019 1:18am
EurUsd 12/172019 levels... next to print 1128 or 1154...

RU R3 ----------1.1172
FP R2 ----------1.1163
RU R2 ----------1.1156
FP R1 ----------1.1154
RU R1 ----------1.1146
FP PP ----------1.1141
MP R1 ----------1.1132
FP S1 ----------1.1128
RU S1 ----------1.1127
WP PP ----------1.1124
FP S2 ----------1.1119
RU S2 ----------1.1117
FP S3 ----------1.1106
RU S3 ----------1.1101
  • #48,780
  • Dec 17, 2019 1:32am Dec 17, 2019 1:32am
short some eu here 1041
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 7 KB
24 traders viewing now