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The Swamp

  • #50,641
  • Jan 30, 2020 8:55am Jan 30, 2020 8:55am
Quoting Mitiblotch
{quote} Still holding a bunch of longs in profit. I would love your number to hit. Maybe the US GDP may derail things and make dollar very strong again. what are your thoughts on Brexit tomorrow with regards to EURUSD?

i think it's ok even got a retrace and price going up
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,642
  • Jan 30, 2020 8:59am Jan 30, 2020 8:59am
Quoting DMA Trader
{quote} adding since 1.316 targeting 1.33
the China flu is hurting the aud.. a earth commodity pair. that will hurt cad by proxy.. both are commodity pairs. Short aud bounces..
those who can, do. those who cant, talk about those who can
  • #50,643
  • Jan 30, 2020 9:01am Jan 30, 2020 9:01am
Quoting Boulder
{quote} I pretty much have loaded up all Audchf longs from 0.6529 and up... Swiss longs almost done too... in the process to reload all EurUsd shorts...just added one at 1019... will short all the way up... Those three are carry trades.. not mind to hold...
dono.. I hope your right. The pandemic affect on world has not been tested. 7k cases now and growing.
those who can, do. those who cant, talk about those who can
  • #50,644
  • Jan 30, 2020 9:31am Jan 30, 2020 9:31am
Quoting gatorinla
{quote} the China flu is hurting the aud.. a earth commodity pair. that will hurt cad by proxy.. both are commodity pairs. Short aud bounces..
i've try to short AUD but when I look on a daly chart it is too much .
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,645
  • Jan 30, 2020 9:32am Jan 30, 2020 9:32am
Quoting DMA Trader
{quote} i've try to short AUD but when I look on a daly chart it is too much .
close to have lowest price in 10 years
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,646
  • Jan 30, 2020 9:41am Jan 30, 2020 9:41am
here we go
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,647
  • Jan 30, 2020 10:41am Jan 30, 2020 10:41am
Started shorting on gold. Looking for 149X. Might take awhile until after the coronavirus reaches it's peak.
  • #50,648
  • Jan 30, 2020 10:42am Jan 30, 2020 10:42am
eu lc was higher.. possible short 1069..
those who can, do. those who cant, talk about those who can
  • #50,649
  • Jan 30, 2020 10:44am Jan 30, 2020 10:44am
Quoting DMA Trader
{quote} close to have lowest price in 10 years
no pandemic back then.
those who can, do. those who cant, talk about those who can
  • #50,650
  • Jan 30, 2020 10:46am Jan 30, 2020 10:46am
Quoting DMA Trader
{quote} i've try to short AUD but when I look on a daly chart it is too much .
AU will go up...good long here for 6850+-. Bank meeting early next week...no rate cut...tax cuts to speed up the economy...AU will fly some.
Everyone can see the chart, but only a few can actually read it.
  • #50,651
  • Jan 30, 2020 10:51am Jan 30, 2020 10:51am
Quoting OnlineAddict
{quote} AU will go up...good long here for 6850+-. Bank meeting early next week...no rate cut...tax cuts to speed up the economy...AU will fly some.
hmmm,, the pictures I see is. A big ass fire, and China has the flu.. I suspect tourism will be lower and China will buy less raw materials. A worldwide slowing. A ideal time to cut interest rates to help economy.
those who can, do. those who cant, talk about those who can
  • #50,652
  • Jan 30, 2020 10:59am Jan 30, 2020 10:59am
Quoting gatorinla
{quote} hmmm,, the pictures I see is a big ass fire, and China has the flu.. I suspect tourism will be lower and China will buy less raw materials. A worldwide slowing. A ideal time to cut interest rates to help economy.
Maybe on the next meeting, but I don't think they will do such a sudden move in just a few days, especially when Lowe said many times he doesn't like cutting rates, unlike Draghi&co.

And this flu...I think the media is pushing it too much, if they were covering everything like this, there would be much more hysteria in the world. With all due respect to the deceased, just in the US, 3000 people die every MONTH due to regular flu, can't imagine the number worldwide, tens of thousands every month? So this corona thing is pure hype. Soon it will be forgotten and markets will get back to normal.
Everyone can see the chart, but only a few can actually read it.
  • #50,653
  • Jan 30, 2020 11:03am Jan 30, 2020 11:03am
What is the cause of the USD weakness (EU surprising up, UJ down) this NY session? Anyone know?
  • #50,654
  • Jan 30, 2020 11:08am Jan 30, 2020 11:08am
Quoting unlv_tj
What is the cause of the USD weakness (EU surprising up, UJ down) this NY session? Anyone know?
i;m wondering as well .

With more and more bad news from coronavirus.
it's RISK OFF .
EU should be dropping ....
but it's rising !!!
  • #50,655
  • Jan 30, 2020 11:22am Jan 30, 2020 11:22am
Quoting unlv_tj
What is the cause of the USD weakness (EU surprising up, UJ down) this NY session? Anyone know?
Normal correction after some short-term topping(check H1, H4 and daily)...the uptrend should resume after it bottoms somewhere again. I am waiting for later tomorrow...to get an idea what to expect next week.
Everyone can see the chart, but only a few can actually read it.
  • #50,656
  • Edited 11:48am Jan 30, 2020 11:38am | Edited 11:48am
Quoting OnlineAddict
{quote} Maybe on the next meeting, but I don't think they will do such a sudden move in just a few days, especially when Lowe said many times he doesn't like cutting rates, unlike Draghi&co. And this flu...I think the media is pushing it too much, if they were covering everything like this, there would be much more hysteria in the world. With all due respect to the deceased, just in the US, 3000 people die every MONTH due to regular flu, can't imagine the number worldwide, tens of thousands every month? So this corona thing is pure hype. Soon it...
If i trade with the rumor, and make money. Do I have to give it back, if it turns out to be wrong?
I dont get why anyone thinks their opinion matters. As a whole, fact wise. A slowdown in China, will slow down the Australian economy. 29 % goes to China. 71% to Asia.
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those who can, do. those who cant, talk about those who can
  • #50,657
  • Jan 30, 2020 11:41am Jan 30, 2020 11:41am
Quoting gatorinla
{quote} If i trade with the rumor, and make money. Do I have to give it back, if it turns out to be wrong?
And what would be the rumor? What Lowe has been saying is a fact. What the virus is causing, the numbers, is a fact. Rumor would be "they may cut, because..."
Everyone can see the chart, but only a few can actually read it.
  • #50,658
  • Jan 30, 2020 11:42am Jan 30, 2020 11:42am
Quoting OnlineAddict
{quote} AU will go up...good long here for 6850+-. Bank meeting early next week...no rate cut...tax cuts to speed up the economy...AU will fly some.
i have no idea. not sure of anything right now. i think a difficult week is coming, my guess is china will not open on monday
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,659
  • Jan 30, 2020 11:46am Jan 30, 2020 11:46am
Quoting unlv_tj
What is the cause of the USD weakness (EU surprising up, UJ down) this NY session? Anyone know?
Powel was very *dovish* yesterday. basically he said he will just repo the crap of everything

we are if i am not mistaken at 400b so far. he says he will get this level in the next months to 1.5T - and will not go below that level it will just keep that level stable.
also it's the first time you don't see US indexes rally

my take everything has to do with corona.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,660
  • Jan 30, 2020 11:49am Jan 30, 2020 11:49am
if SPX breaks 3240 - take cover. gold will hit 1600 fast
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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