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The Swamp

  • #48,801
  • Dec 17, 2019 6:39am Dec 17, 2019 6:39am
Quoting giveachance
{quote} great job but it does nothing to do the downtrend. potential QE coming up next year. demand for the euro will rise
it comes in generational cycles.. japan peeked, and its lost decades are still ongoing.. eurozone peeked ditto. China peeked on its good times, ditto. "A mule that shits fast, dont shit long". Wash rinse repeat. They dont have enough oil, the less they have. The more screwed they are.
those who can, do. those who cant, talk about those who can
  • #48,802
  • Dec 17, 2019 6:49am Dec 17, 2019 6:49am
looks like cross based buying in the euro since morning. another big level coming up 1.1177. this one goes we have 1.1211
  • #48,803
  • Dec 17, 2019 6:54am Dec 17, 2019 6:54am
Quoting giveachance
{quote} great job but it does nothing to do the downtrend. potential QE coming up next year. demand for the euro will rise
Euro has been well bid considering how much it fought back against the USD all this while. Which QE, for ECB or Fed? The Fed is already doing some sorta pseudo-QE. Whatever happens, I dont like making longterm predictions. It is inimical to my style of trading. Up or down I will follow price comfortably. When I make mistakes I quickly correct it and move on.
  • #48,804
  • Dec 17, 2019 6:56am Dec 17, 2019 6:56am
Quoting Mitiblotch
{quote} Euro has been well bid consider in how much it fought back against the USD all this while. Which QE, for ECB or Fed? The Fed is already doing some sorta pseudo-QE. Whatever happens, I dont like making longterm predictions. It is inimical to my style of trading. Up or down I will follow price comfortably. When I make mistakes I quickly correct it and move on.
that is not QE. those are swap operations. QE is printing more money. euro does not have the fundamentals otherwise it would have been at 1.2. today what has happened in the euro is book adjustment or cross based buying. does not mean it suddenly becomes bullish
  • #48,805
  • Dec 17, 2019 7:04am Dec 17, 2019 7:04am
Quoting giveachance
{quote} that is not QE. those are swap operations. QE is printing more money. euro does not have the fundamentals otherwise it would have been at 1.2. today what has happened in the euro is book adjustment or cross based buying. does not mean it suddenly becomes bullish
Semantics. Yes, it isn't QE, Powell says, but that is exactly what I see it as. Moreover, I don't think anybody here is bullish on EU. I have been shorting the hell out of EU since 2018. This pair has been in a downtrend since 2008. However, a smart trader sees the buy opportunities and profits from them and that is exactly what some of the scalp buys are for. 1.2 is not happening anytime soon. My eyes are set for very much lower prices, but the entry has to be just right.

The market makers moving price in the short term in search of liquidity don't give a hoot about fundamentals. They will drive price where the liquidity is, and that is what matters to them. Fundies come in for the long-term.
  • #48,806
  • Dec 17, 2019 7:07am Dec 17, 2019 7:07am
Quoting Mitiblotch
This move is something I talked about yesterday. Saw it coming from afar and it helped to stay out of low shorts and instead scalp buys. Daily R2 is 1174. Let's see if it stops it. If it doesn't then on to the next at 1190. But the short is coming closer. I would love them to hit their top today and then from tomorrow triple swap we get a slap down. Or smack down whichever you prefer!
Nice one, cheers
  • #48,807
  • Dec 17, 2019 7:11am Dec 17, 2019 7:11am
Quoting gatorinla
{quote} yeah.. its a little volatile.. I screwed up with my tp below 6300.. I had it higher the past week.. but this last time I left it lower on the grid (it hit my tp). I'm afraid to long this close to 6304.. So i will let it retrace some..
ea here now.
those who can, do. those who cant, talk about those who can
  • #48,808
  • Dec 17, 2019 7:33am Dec 17, 2019 7:33am
Boulder, please what option expires do you have today?
  • #48,809
  • Dec 17, 2019 7:36am Dec 17, 2019 7:36am
Quoting gatorinla
{quote} ea here now.
6314 is a big level but dont expect contribution from the aussie. euro has to drag it lower.
  • #48,810
  • Dec 17, 2019 7:44am Dec 17, 2019 7:44am
Quoting Mitiblotch
Boulder, please what option expires do you have today?
none today
  • #48,811
  • Dec 17, 2019 7:52am Dec 17, 2019 7:52am
Quoting Boulder
add Eu short here 1156
closed EU here 1150, +5
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  • #48,812
  • Dec 17, 2019 7:56am Dec 17, 2019 7:56am
Aj breaking down. 74.70 next?
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  • #48,813
  • Dec 17, 2019 7:58am Dec 17, 2019 7:58am
payback time.. close more EU at 1146, +7
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  • #48,814
  • Dec 17, 2019 8:01am Dec 17, 2019 8:01am
beautiful 4h pin bar. much more confidence in 1.11 for tomorrow.
  • #48,815
  • Dec 17, 2019 8:02am Dec 17, 2019 8:02am
Pips for me
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I EAT PIPS
  • #48,816
  • Dec 17, 2019 8:02am Dec 17, 2019 8:02am
Quoting WhipKream
beautiful 4h pin bar. much more confidence in 1.11 for tomorrow.
possible.. tomorrow.. no repo as yesterday and today plus triple swap
  • #48,817
  • Dec 17, 2019 8:04am Dec 17, 2019 8:04am
Quoting jshear
Pips for me {image}
I long Swiss at 9901 and 9906 .. chicken out tiny , tot +8
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  • #48,818
  • Dec 17, 2019 8:17am Dec 17, 2019 8:17am
Repo schedule.. next operation this Thursday 10am est
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  • #48,819
  • Dec 17, 2019 8:20am Dec 17, 2019 8:20am
Quoting giveachance
{quote} 6314 is a big level but dont expect contribution from the aussie. euro has to drag it lower.
huh?
those who can, do. those who cant, talk about those who can
  • #48,820
  • Dec 17, 2019 8:23am Dec 17, 2019 8:23am
200 (in red) acted like this the other 2 times it went above it, since august 2018. The yellow contained the pa.
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those who can, do. those who cant, talk about those who can
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