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The Swamp

  • #51,161
  • Feb 7, 2020 12:33am Feb 7, 2020 12:33am
Quoting DMA Trader
{quote} one thing to keep in mind is that everybody is expecting a beat on NFP buying USD and RIsk trades. will see how it develops after
when I hear "everybody" or majority thinking some think aka sentiment, I immediately look the other way fo opportunity, but I do agree about waiting until after nfp, however I do have a few trades will plenty of breathing space which I will partial 75% prior to nfp and set 250pip sl/tp if it goes against me it will have to move 250 pips if it continues my way my trades should could appreciate close to where they were prior to partial ling, old trick but take preparation well before big movers like nfp, well they used to be, not so much since 2008
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  • #51,162
  • Feb 7, 2020 12:41am Feb 7, 2020 12:41am
Quoting KiwiTrada
{quote} when I hear "everybody" or majority thinking some think aka sentiment, I immediately look the other way fo opportunity, but I do agree about waiting until after nfp, however I do have a few trades will plenty of breathing space which I will partial 75% prior to nfp and set 250pip sl/tp if it goes against me it will have to move 250 pips if it continues my way my trades should could appreciate close to where they were prior to partial ling, old trick but take preparation well before big movers like nfp, well they used to be, not so much since...
with all this liquidity maybe our children will see moves like in 2008/2009
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,163
  • Feb 7, 2020 12:57am Feb 7, 2020 12:57am
Quoting DMA Trader
{quote} with all this liquidity maybe our children will see moves like in 2008/2009
I would never encourage my kids in fact anyone to trade now, to much manipulation, intervention and out right BS, a new trader today doesnt have a shit show chance of succeeding, blown accounts = retail traders
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  • #51,164
  • Feb 7, 2020 1:02am Feb 7, 2020 1:02am
Quoting DMA Trader
{quote} oh buddy short 970 on EU
+10
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,165
  • Feb 7, 2020 1:05am Feb 7, 2020 1:05am
Quoting KiwiTrada
{quote} I would never encourage my kids in fact anyone to trade now, to much manipulation, intervention and out right BS, a new trader today doesnt have a shit show chance of succeeding, blown accounts = retail traders
mine are between 7 and 12. but I've made them accounts on long term investment. never to be sold just buy and reinvest dividends.
until 18 it will be easy after that not sure lol will see if one of them has discipline for trading, don't see this yet
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,166
  • Feb 7, 2020 1:07am Feb 7, 2020 1:07am
Quoting gatorinla
{quote} aud broke its last rung.. the virus continues to give bad news. The aud is having problems dropping much beyond .6734 {image}
unloaded aud mostly.. 1 left.. back to collecting again on rise.
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those who can, do. those who cant, talk about those who can
  • #51,167
  • Feb 7, 2020 1:09am Feb 7, 2020 1:09am
Quoting KiwiTrada
{quote} I would never encourage my kids in fact anyone to trade now, to much manipulation, intervention and out right BS, a new trader today doesnt have a shit show chance of succeeding, blown accounts = retail traders
probably get banned again now :-(
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  • #51,168
  • Feb 7, 2020 1:10am Feb 7, 2020 1:10am
Quoting gatorinla
{quote} February numbers on chart. The lowest on the rung at 1.9067.. Its a big number, pa can go below some. But it's usually an area pa dont stray far from. I dont know how far, may 20/40 ish pips may contain it. Admittedly, it's never been tested in front China's pandemic. I'm bearish as one can get personally. But I dont want to overlook 1.0967 area.
eu is here now.. 1 left, and reloading shorts on a rise.
those who can, do. those who cant, talk about those who can
  • #51,169
  • Feb 7, 2020 1:10am Feb 7, 2020 1:10am
Just woke up and saw EUrUsd fall...+40 so far.. shorted again at 0958
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  • #51,170
  • Feb 7, 2020 1:15am Feb 7, 2020 1:15am
Swiss also running.. took out +20... more to come..
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  • #51,171
  • Feb 7, 2020 1:17am Feb 7, 2020 1:17am
Quoting DMA Trader
{quote} mine are between 7 and 12. but I've made them accounts on long term investment. never to be sold just buy and reinvest dividends. until 18 it will be easy after that not sure lol will see if one of them has discipline for trading, don't see this yet
longer term trading is much more manageable, with better chance of success, short term aka day trading is almost certain doom, trade less preferably not at all unless potential for minimum 100 even 2oo pips profit that would be with targets of 200 to 400 pips, will never ever achieve trades like that day trading, 1 300 pip trade per month is much better than 30 x 10 pip attempts, less stress less screen time, but much much more preparation
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  • #51,172
  • Feb 7, 2020 1:19am Feb 7, 2020 1:19am
Quoting KiwiTrada
{quote} longer term trading is much more manageable, with better chance of success, short term aka day trading is almost certain doom, trade less preferably not at all unless potential for minimum 100 even 2oo pips profit that would be with targets of 200 to 400 pips, will never ever achieve trades like that day trading, 1 300 pip trade per month is much better than 30 x 10 pip attempts, less stress less screen time, but much much more preparation
swissy tapping 2 previous weekly high, all in this weeks candle
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  • #51,173
  • Feb 7, 2020 1:20am Feb 7, 2020 1:20am
from Newsqawk...EurUsd 1.0963
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  • #51,174
  • Feb 7, 2020 1:31am Feb 7, 2020 1:31am
Quoting KiwiTrada
au nu leading the way, pity is nfp any other time I would expect pretty decent drops 1 2 300 pips
both still leading the way kiwi has just tapped previous weekly low au meshing with previous 6 weekly lows including this wekks low pretty good effort all round, kiwi 1st target still 6400 +
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  • #51,175
  • Feb 7, 2020 1:37am Feb 7, 2020 1:37am
Quoting KiwiTrada
{quote} both still leading the way kiwi has just tapped previous weekly low au meshing with previous 6 weekly lows including this wekks low pretty good effort all round, kiwi 1st target still 6400 +
Good Call thanks

Buy AUD/USD 0.669
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,176
  • Feb 7, 2020 1:45am Feb 7, 2020 1:45am
Quoting DMA Trader
{quote} Good Call thanks Buy AUD/USD 0.669
..I didn't check the PA.. I long both Aud and NU for a ride..
.
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  • #51,177
  • Feb 7, 2020 1:48am Feb 7, 2020 1:48am
Quoting Boulder
{quote} ..I didn't check the PA.. I long both Aud and NU for a ride.. . {image}
my ideea is a good number will help risk and bring some relief to CAD and AUD (today's NFP)

a bad NFP would weaken USD.

instead of trying to long EU.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,178
  • Feb 7, 2020 1:55am Feb 7, 2020 1:55am
Quoting DMA Trader
{quote} Good Call thanks Buy AUD/USD 0.669
nope is not a cal anything just what pa is, like I said I trade higher timeframes, yes she is @ support "zone" in a strong weekly downtrend and this will be the 7th attempt at this zone, personally it seems you trying to pick a bottom abeit a strong bottom, but support & resistance dont last for ever 7 attempts is pretty damaging, and i think this could be the one, long yes can have cheap sl, short nope, needed to do that Wednesday, if this week closes anywhere near these level will be pretty exciting candle for next week 6672ish seems to be the crunch level sl below there might do ok, but if us data is good, sl will be obliterated, summary you are right to buy support, I am not, I will wait nfp and if she pumps and dumps, I will be happy kiwi, your trade if trailing sl you will be happy too, cool aye buyer and seller both happy, paradox
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  • #51,179
  • Feb 7, 2020 2:05am Feb 7, 2020 2:05am
good nfp can push eur to 0925 lvl, from here i will start building my longs on this pair. my first entry point for buy will be @0925. it's just another grind between 1240 and 0897 in my view, nothing exciting until it breaks these levels. my latest sell is @0960 lvl. have couple buys @1000 but overall i am neutral till nfp. lets see what pair does.
The mind is not a book to be opened at will and examined at leisure
  • #51,180
  • Feb 7, 2020 2:06am Feb 7, 2020 2:06am
Quoting orangekoala
Shorted UJ, appears to be struggling to pass 110, also yen is rising on other pairs. {image}
Out for +10
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