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The Swamp

  • #50,941
  • Feb 4, 2020 10:25am Feb 4, 2020 10:25am
Nasdaq New all time high
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,942
  • Feb 4, 2020 10:30am Feb 4, 2020 10:30am
Swiss and Achf, both carry trades are on the right track so far...
  • #50,943
  • Feb 4, 2020 10:31am Feb 4, 2020 10:31am
Quoting Boulder
{quote} I hear you.. last Friday I closed some longs with pips gain ..just enough to cover swap .. ... sometimes I wonder whether I need to trade against swap.. ,,
rule number one...Try to trade with trend and swap. forex 101..
Inserted Video
those who can, do. those who cant, talk about those who can
  • #50,944
  • Feb 4, 2020 10:31am Feb 4, 2020 10:31am
Quoting Boulder
{quote} I hear you.. last Friday I closed some longs with pips gain ..just enough to cover swap .. ... sometimes I wonder whether I need to trade against swap.. ,,
I am not a skillful trader, so I trade purely on positive swaps only. Find that it is easier to cope even if DD. This is the only trade strategy I use
  • #50,945
  • Feb 4, 2020 10:32am Feb 4, 2020 10:32am
Quoting DMA Trader
{quote} close +8
I was talking and missed that 1041 short... good job,, you took it,,
  • #50,946
  • Feb 4, 2020 10:34am Feb 4, 2020 10:34am
Quoting gatorinla
{quote} rule number one...Try to trade with trend and swap. forex 101..https://www.youtube.com/watch?v=YuYPjzeY_Fk
lol... you always have good video to illustrate,,.
  • #50,947
  • Feb 4, 2020 10:38am Feb 4, 2020 10:38am
Quoting Boulder
{quote} lol... you always have good video to illustrate,,.
sometimes.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #50,948
  • Feb 4, 2020 10:40am Feb 4, 2020 10:40am
Quoting gatorinla
{quote} sometimes. https://www.youtube.com/watch?v=rjlS...yE6-l6QkL36Utw
of course for you...
  • #50,949
  • Feb 4, 2020 10:42am Feb 4, 2020 10:42am
Quoting swaps
{quote} I am not a skillful trader, so I trade purely on positive swaps only. Find that it is easier to cope even if DD. This is the only trade strategy I use
your ahead of most
those who can, do. those who cant, talk about those who can
  • #50,950
  • Feb 4, 2020 10:44am Feb 4, 2020 10:44am
LC closed lower. Being a nfp week, it often presses R. Last week lc was higher. Back to 1086/87 test shouldn't be overlooked. Adp coming tomorrow. Today's lc indicates yesterday's low would be tested at 103x ish or lower. Atm pa is already close to it. It may drift north after. Ahead due to NFP pump. 1053 is some softer R on 5m.. 10 pips rule..
those who can, do. those who cant, talk about those who can
  • #50,951
  • Feb 4, 2020 10:50am Feb 4, 2020 10:50am
Short EU 1.1040
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #50,952
  • Feb 4, 2020 10:50am Feb 4, 2020 10:50am
reload 1040.. will add...
  • #50,953
  • Feb 4, 2020 11:04am Feb 4, 2020 11:04am
Quoting Boulder
{quote} I hear you.. last Friday I closed some longs with pips gain ..just enough to cover swap .. ... sometimes I wonder whether I need to trade against swap.. ,,
Best for me not too :-)
A snails pace wins the race :-)
  • #50,954
  • Feb 4, 2020 1:45pm Feb 4, 2020 1:45pm
fyi
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  • #50,955
  • Feb 4, 2020 1:49pm Feb 4, 2020 1:49pm
EU should re-visit 1090+- this week, seing some minor bottoming below 1040...might create a spike up.
Everyone can see the chart, but only a few can actually read it.
  • #50,956
  • Feb 4, 2020 1:57pm Feb 4, 2020 1:57pm
Quoting KiwiTrada
{quote} gj gu bounce underway, should be a decent bounce too gj 143 gu 132 ?
both bounced nicely, for the unwary there was the proverbial tail whip, gj 141 00 142 00 done and dusted 143 00 20 pips away, could prove the trade of the week certainly is so far besides gold also chugging along nicely, already a nice week :-)
If you are new to Forex? Say Goodbye to your account!!
  • #50,957
  • Feb 4, 2020 2:10pm Feb 4, 2020 2:10pm
Quoting OnlineAddict
EU should re-visit 1090+- this week, seing some minor bottoming below 1040...might create a spike up.
I believe that unwanted spike will come. I don't want to be caught in it. Price keeps falling and leaving some inconsistencies above which usually isn't good for bears in the short term. I tried scalping buys but none of it worked out. I won't sell here. Even if price falls to 0.0000 from here I will miss it. I won't short here except 1080-1100 area shoes up again.
  • #50,958
  • Feb 4, 2020 2:11pm Feb 4, 2020 2:11pm
Quoting KiwiTrada
{quote} both bounced nicely, for the unwary there was the proverbial tail whip, gj 141 00 142 00 done and dusted 143 00 20 pips away, could prove the trade of the week certainly is so far besides gold also chugging along nicely, already a nice week :-)
uj 109 67 could prove troublesome??? added 23 and 31pip trailing stops, doing this with most trades except gold is 51pip, just being cautious will reassess after Asia open
If you are new to Forex? Say Goodbye to your account!!
  • #50,959
  • Feb 4, 2020 2:16pm Feb 4, 2020 2:16pm
Quoting Mitiblotch
{quote} I believe that unwanted spike will come. I don't want to be caught in it. Price keeps falling and leaving some inconsistencies above which usually isn't good for bears in the short term. I tried scalping buys but none of it worked out. I won't sell here. Even if price falls to 0.0000 from here I will miss it. I won't short here except 1080-1100 area shoes up again.
I shorted this weeks open pretty hard I felt was possibly premium area, agree right now is missed the bus, this weeks close after whacko nfp time, will determine trading for rest of month
If you are new to Forex? Say Goodbye to your account!!
  • #50,960
  • Feb 4, 2020 2:50pm Feb 4, 2020 2:50pm
Quoting KiwiTrada
{quote} I shorted this weeks open pretty hard I felt was possibly premium area, agree right now is missed the bus, this weeks close after whacko nfp time, will determine trading for rest of month
I believe EU will hit 0880. It's just a matter of time but it should. However, I really doubt it will move that low from here. I am expecting spikes.
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