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The Swamp

  • #52,421
  • Feb 24, 2020 2:20am Feb 24, 2020 2:20am
China Postpones Annual Meeting Of Parliament - CCTV


#China lawmakers decide to postpone big political event normally set every year in early March. No new date scheduled for National People’s Congress or CPPCC, state media says. #coronavirus
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,422
  • Feb 24, 2020 2:24am Feb 24, 2020 2:24am
EU Crisis Management Commissioner: EU To Mobilise Over EUR230Mln Euros To Help Global Fight Against Coronavirus - RTRS
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,423
  • Feb 24, 2020 4:07am Feb 24, 2020 4:07am
Short EU 820
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,424
  • Feb 24, 2020 5:03am Feb 24, 2020 5:03am
from Newsqawk... EurUsd 1.0816 atm
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  • #52,425
  • Feb 24, 2020 5:11am Feb 24, 2020 5:11am
Quoting Boulder
from Newsqawk... EurUsd 1.0816 atm {image}
light board.....


no news from Italy this morning...that's odd

btw...pretty sure first limit down in the S&Ps is 7% for the morning session...

someone know otherwise....they change those rules all the time...
Look Sharp/Trade Tight
  • #52,426
  • Feb 24, 2020 5:18am Feb 24, 2020 5:18am
Quoting PayTheLimit
{quote} light board..... no news from Italy this morning...that's odd btw...pretty sure first limit down in the S&Ps is 7% for the morning session... someone know otherwise....they change those rules all the time...

the next update from Italy is performing now
Beware of Draghi
  • #52,427
  • Feb 24, 2020 5:25am Feb 24, 2020 5:25am
1.0823 (allow 8-10) below 1.0822 with the 4h close below, may be bears trend returning.
those who can, do. those who cant, talk about those who can
  • #52,428
  • Feb 24, 2020 5:38am Feb 24, 2020 5:38am
Quoting gatorinla
1.0823 (allow 8-10) below 1.0822 with the 4h close below, may be bears trend returning.
fighting 15m support.. 0827 possible light R now. 1h close below 0814 is a light bear sign.. inline with bear trend.
those who can, do. those who cant, talk about those who can
  • #52,429
  • Feb 24, 2020 5:53am Feb 24, 2020 5:53am
Quoting gatorinla
{quote} fighting 15m support.. 0827 possible light R now. 1h close below 0814 is a light bear sign.. inline with bear trend.

Austria is taking steps to close its border with Italy. France / Switzerland to follow?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,430
  • Edited 7:03am Feb 24, 2020 6:48am | Edited 7:03am
Quoting DMA Trader
{quote} Austria is taking steps to close its border with Italy. France / Switzerland to follow?
its a month late. e tourism is in trouble.. world intercontinental tourism and related business is in trouble. who wants to hop on a plane or ship in confined spaces? who wants to walk on a airport floor full of sneezes? the virus can last 5 days on a surface. do you want to go back to the hotel and take your shoes off? Did the sick baggage handler sneeze on your bag handle. The guy who touches everyone's bags can get sick from someone. Then when you pick up your bag its on you. All u have to do is wipe your eye. Some won't care, enough will. How long can a airline fly with half full planes? How long can a restaurant stay open with few customers? How long before those workers lose their job? how long before they stop paying their mortgage? how long before it hurts the banks?
everything is connected..
those who can, do. those who cant, talk about those who can
  • #52,431
  • Feb 24, 2020 7:10am Feb 24, 2020 7:10am
Quoting gatorinla
{quote} fighting 15m support.. 0827 possible light R now. 1h close below 0814 is a light bear sign.. inline with bear trend.
stuck between.. next h is a 4h close.. if it closed below 0815, leans bear..it would take out the 15 m support
those who can, do. those who cant, talk about those who can
  • #52,432
  • Feb 24, 2020 7:44am Feb 24, 2020 7:44am
Quoting gatorinla
lc week and day closed higher.. indicative of this weeks high to be tested or more (within the next week and day). Some R expected 1.0864.5 (1h) 1h 1.0864.5 4h 1.0994 past support now possible R 1.0880 ish if the current 1h R holds, retrace to 1.0821/30 expected or more. If hell bent on longing 0821/30 is a better spot.. I use the rise to short. I would still rather hit balls with a hammer over long.
boulder's 4h is bullish, plus the week lc is/was higher. I like to wait for the spike to test the previous high or higher. In this case its 1.0864. Sometimes it dont make it all the way. 0841 I hate to say is/was it because its a week number. . But sometimes it's all you get. I lean bearish, I sell bounces. Still respecting the week close, but if the 4h closes below 0815 and lc is below 0855. Bears may be back to test support. But with the week still open, its still possible to test 0864 ish. a 4h close below 0815, is back below my 5 min. the 5min has held since the last time at 1.12xx. I like it for a trend. It failed Friday with this bounce. Getting back below may be the trend restating lower. Still some support near 074x..
those who can, do. those who cant, talk about those who can
  • #52,433
  • Feb 24, 2020 7:57am Feb 24, 2020 7:57am
I here continue to short EurUsd and long Swiss this morning.... rinse and repeat... managed to catch +18 pips on Eur shorts and +8 on swiss longs.. my next TP for Eur 1.0812... swiss 0.9808
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  • #52,434
  • Feb 24, 2020 8:02am Feb 24, 2020 8:02am
Quoting gatorinla
{quote} its a month late. e tourism is in trouble.. world intercontinental tourism and related business is in trouble. who wants to hop on a plane or ship in confined spaces? who wants to walk on a airport floor full of sneezes? the virus can last 5 days on a surface. do you want to go back to the hotel and take your shoes off? Did the sick baggage handler sneeze on your bag handle. The guy who touches everyone's bags can get sick from someone. Then when you pick up your bag its on you. All u have to do is wipe your eye. Some won't care, enough...
Hong Kong is unrelated to virus mostly, but the virus will add to problems. Hong Kong atm is a microcosm. Of what the world would experience with a corona pandemic (just the scare may do it). Hong Kong is experiencing thousands of businesses failing, loss of jobs etc. No social network to help the jobless. The starving peasants will be forced to rush the castle. W/o the social networks to feed, or care for the jobless. A continuation and a society can break. Hong Kong is not a typical welfare state. If corona hits others with a like society, government reactions may be hard. Some governments may fall. The West may handle this better with their social net. . Either way, governments will print.
those who can, do. those who cant, talk about those who can
  • #52,435
  • Feb 24, 2020 8:06am Feb 24, 2020 8:06am
Quoting gatorinla
{quote} boulder's 4h is bullish, plus the week lc is/was higher. I like to wait for the spike to test the previous high or higher. In this case its 1.0864. Sometimes it dont make it all the way. 0841 I hate to say is/was it because its a week number. . But sometimes it's all you get. I lean bearish, I sell bounces. Still respecting the week close, but if the 4h closes below 0815 and lc is below 0855. Bears may be back to test support. But with the week still open, its still possible to test 0864 ish. a 4h close below 0815, is back below my 5 min....
4h closed 1.08147. 2.5 h till lc. hopefully it can agree with -1.0855. Lc below 1.0814.7 is better.
those who can, do. those who cant, talk about those who can
  • #52,436
  • Feb 24, 2020 8:07am Feb 24, 2020 8:07am
Oman reports first two cases of coronavirus who had visited iran - oman tv
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #52,437
  • Feb 24, 2020 8:11am Feb 24, 2020 8:11am
Quoting DMA Trader
Oman reports first two cases of coronavirus who had visited iran - oman tv
Iran is a hotspot for a revolution. No social net. All the wealth used for proxy wars.

Let me coin this first, for the world history books. "The Corona Revolution."
those who can, do. those who cant, talk about those who can
  • #52,438
  • Feb 24, 2020 8:15am Feb 24, 2020 8:15am
Dow future -851 atm...
wait to see US markets open in 15 mins
  • #52,439
  • Feb 24, 2020 8:18am Feb 24, 2020 8:18am
Quoting Boulder
Dow future -851 atm... wait to see US markets open in 15 mins
stock bubble and corona? What could possibly go wrong?
those who can, do. those who cant, talk about those who can
  • #52,440
  • Feb 24, 2020 8:19am Feb 24, 2020 8:19am
Short EU 0825 and 0828 and long Swiss 9783
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