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The Swamp

  • #51,601
  • Feb 12, 2020 11:58am Feb 12, 2020 11:58am
Quoting Isvara
{quote} only question is usdx why is it lackluster? did not broke yesterdays high too.
usd lc day was higher. lc the lowest in years on the day, and week. That is a b/o
those who can, do. those who cant, talk about those who can
  • #51,602
  • Edited 12:27pm Feb 12, 2020 12:03pm | Edited 12:27pm
EG 2 harmonics same level.

Small one is a butterfly, big one a gartley.
Both quallity not great. maybe together they work.

if it bounces here i will be shorting 8485

Attached Image (click to enlarge)
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  • #51,603
  • Feb 12, 2020 12:03pm Feb 12, 2020 12:03pm
Quoting gatorinla
Pa is overextended short wise. But yet has broken 0947 and now opened below the tl. It can remain overextended longer than most can hold longs. It could just test the tl in the 095x area. 095x may become R. In a strong move that may be all longs get. The 5 min is at 0959, if it can't break that, a bounce is in trouble. {image}
5 min now at 0907
those who can, do. those who cant, talk about those who can
  • #51,604
  • Feb 12, 2020 12:09pm Feb 12, 2020 12:09pm
maybe a good place for a flag to form.
if it doesn't a nen star @ 0815.

Attached Image (click to enlarge)
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  • #51,605
  • Feb 12, 2020 12:25pm Feb 12, 2020 12:25pm
Quoting DMA Trader
Long 884 ' I've been waiting you for so long !!

i am so happy for this long
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,606
  • Feb 12, 2020 12:26pm Feb 12, 2020 12:26pm
Quoting DMA Trader
{quote} i am so happy for this long
let's jump 30 pips so i don't pay swap
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,607
  • Feb 12, 2020 12:56pm Feb 12, 2020 12:56pm
Quoting KiwiTrada
eu 4hr about as nasty a sl hunt as you will see, plently calling bottom last night aka sentiment, just got thier butts burnt, still traget 100% retrace 1 0878, waiting new daily close / candle bbl
done and dusted time to reassess weekly charts
If you are new to Forex? Say Goodbye to your account!!
  • #51,608
  • Feb 12, 2020 1:20pm Feb 12, 2020 1:20pm
Quoting DMA Trader
{quote} let's jump 30 pips so i don't pay swap
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #51,609
  • Feb 12, 2020 1:30pm Feb 12, 2020 1:30pm
Quoting longshot_nl
maybe a good place for a flag to form. if it doesn't a nen star @ 0815. {image}
that level its wrong.
its either 0781 or 0797 depending if you take the XA projection or XC projection.
i dont know which to take.
not going to pick a bottom anyway.
  • #51,610
  • Feb 12, 2020 1:30pm Feb 12, 2020 1:30pm
Wow, what a pop. Makes you wonder what the fuck with yesterday’s selling (Swiss)
I play the trade gamble to feed my Porsche addiction.
  • #51,611
  • Feb 12, 2020 1:34pm Feb 12, 2020 1:34pm
Quoting OnlineAddict
Possible outcome for the coming weeks.
Attached Image
99 reached. Thats it for me with dollar longs(except dollar/safe haven).
Everyone can see the chart, but only a few can actually read it.
  • #51,612
  • Feb 12, 2020 2:17pm Feb 12, 2020 2:17pm
Quoting gatorinla
{quote} not yet.. we won't know that until it bounces or not. Lc is a b/o on week and day..
...If strong dollar is no good for the exports... and Powell is appoint by the president...Trump can just call Powell and said ...."Hey trow me a bone here bro"....Or is it all a show?
The Chonchy
  • #51,613
  • Feb 12, 2020 2:28pm Feb 12, 2020 2:28pm
Quoting chonchy
{quote} ...If strong dollar is no good for the exports...
Strong currency is bad for exports, good for imports.
Everyone can see the chart, but only a few can actually read it.
  • #51,614
  • Feb 12, 2020 2:46pm Feb 12, 2020 2:46pm
Quoting chonchy
{quote} ...If strong dollar is no good for the exports... and Powell is appoint by the president...Trump can just call Powell and said ...."Hey trow me a bone here bro"....Or is it all a show?
Fed is supposedly independent, but Trump has been beating up Powell forever to weaken dollar. But why would he? Stocks are at high levels and econ data has been mostly good. Right now, Fed has very few bullets to fight a downturn. If somehow Trump gets re-elected, he has already made it clear that Powell is history, so it seems like Powell knows this and is going to do the right thing and keep rates at appropriate levels.
Follow the money --Mark Felt (Deepthroat)
  • #51,615
  • Edited 3:39pm Feb 12, 2020 2:50pm | Edited 3:39pm
Quoting OnlineAddict
{quote} Strong currency is bad for exports, good for imports.
...We only import from china and china don't pay import duty so how do we make any money that doesn't go into making "ruber" bullets?
The Chonchy
  • #51,616
  • Feb 12, 2020 2:54pm Feb 12, 2020 2:54pm
I know Trump is gonna pull his hair out but DXY is gonna go above 100. Powell or no Powell.
every single event internationally will boost the dollar. Diseases, Brexit, frexit, fill-the-blank-exit, China corporate debt, Brazil's economy...
where else will big money park their funds?
  • #51,617
  • Feb 12, 2020 2:54pm Feb 12, 2020 2:54pm
Quoting OnlineAddict
{quote} Strong currency is bad for exports, good for imports.
...Imports are helping Lagarde sale BMW's and chorizos from Spain so Trump should call the FEDS and make them week the dollar, just saying you know....just kidding, I'm a HFT so I just go where they go, just making gator give me one of those immaculate answers about the powers at be....
The Chonchy
  • #51,618
  • Feb 12, 2020 3:05pm Feb 12, 2020 3:05pm
Quoting Lenova
I know Trump is gonna pull his hair out but DXY is gonna go above 100. Powell or no Powell. every single event internationally will boost the dollar. Diseases, Brexit, frexit, fill-the-blank-exit, China corporate debt, Brazil's economy... where else will big money park their funds?
....GOLD...
The Chonchy
  • #51,619
  • Feb 12, 2020 3:14pm Feb 12, 2020 3:14pm
Quoting longfellow
{quote} Fed is supposedly independent, but Trump has been beating up Powell forever to weaken dollar. But why would he? Stocks are at high levels and econ data has been mostly good. Right now, Fed has very few bullets to fight a downturn. If somehow Trump gets re-elected, he has already made it clear that Powell is history, so it seems like Powell knows this and is going to do the right thing and keep rates at appropriate levels.
...I thought the FEDS was in charge of the federal reserve bank or a "federal" branch of the government run by Powell, So Trump just could just ask them to d evaluate the dollars to increase export, all exports you know....so lagarde don't sale so many MMW's...But I think lagarde is doing a better job d evaluating the euro then...
The Chonchy
  • #51,620
  • Feb 12, 2020 3:21pm Feb 12, 2020 3:21pm
Quoting chonchy
{quote} ....GOLD...
manifestly you had too much to drink buddy
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