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The Swamp

  • #55,241
  • Mar 12, 2020 11:00pm Mar 12, 2020 11:00pm
bitcoin 4000 wow
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,242
  • Mar 12, 2020 11:12pm Mar 12, 2020 11:12pm


Good morning from #Germany, where the combined market cap of the 30 blue chip companies from the Dax has shrunk to €850bn, lowest since 2014 and less than the market cap of Apple (€1.07tn) or Microsoft (€955bn).
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,243
  • Mar 12, 2020 11:18pm Mar 12, 2020 11:18pm
Quoting DMA Trader
SHort SPX 2535 just woke up now why is it up ? i am asking after i am shorting it
closed for 45 handles
good friday start
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,244
  • Mar 12, 2020 11:29pm Mar 12, 2020 11:29pm
Quoting DMA Trader
{quote} closed for 45 handles good friday start
futures just had first close above my 1H trend
if it can stay above 2500 there is a good chance of a market rally today - FED rate cut today ?

gold is getting some bids. so euro could drop for the greater good 1.1215 resistance - let's go
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,245
  • Mar 12, 2020 11:35pm Mar 12, 2020 11:35pm
Gold had its shake out, lots of flow to upside now, looking for tp 1630. Don’t want to see below 1574
I play the trade gamble to feed my Porsche addiction.
  • #55,246
  • Mar 12, 2020 11:40pm Mar 12, 2020 11:40pm
Quoting M3csl
Gold had its shake out, lots of flow to upside now, looking for tp 1630. Don’t want to see below 1574

people lost most of their money there is chatter about some big hedge funds went belly up also issues on threasurry that's why Repo was done.
so gold going up will meet resistance. - i am long not shorting but
Res are 1585 not broken yet on 1h 4h
1610 powerful one as traders trade gold
1630 - very important in trends

we stop the fall on weekly it will take some time if FED doesn't start QE or rates to 0 today

imho
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,247
  • Mar 12, 2020 11:55pm Mar 12, 2020 11:55pm
Sell at 1220-1239, TP waiting NY Open
  • #55,248
  • Mar 13, 2020 12:03am Mar 13, 2020 12:03am
Quoting DMA Trader
{quote} people lost most of their money there is chatter about some big hedge funds went belly up also issues on threasurry that's why Repo was done. so gold going up will meet resistance. - i am long not shorting but Res are 1585 not broken yet on 1h 4h 1610 powerful one as traders trade gold 1630 - very important in trends we stop the fall on weekly it will take some time if FED doesn't start QE or rates to 0 today imho
many assets are close to 1H support or resistance. expecting something. careful in adding to trades when market is calm it is just the calm before the storm
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,249
  • Mar 13, 2020 12:24am Mar 13, 2020 12:24am
Lagarde talking stupid things on CNBC
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,250
  • Mar 13, 2020 12:39am Mar 13, 2020 12:39am
SHORT 2580 SPX - good opportunity but risky this time. will add until 2625 for now
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,251
  • Mar 13, 2020 12:40am Mar 13, 2020 12:40am
us futures showing a good Friday bounce, maybe 5% gap up, we'll see, dbl bottom @ 12/1/2018 low maybe?......these ripping rallies have to be expected now with massive fomo underway.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,252
  • Mar 13, 2020 12:44am Mar 13, 2020 12:44am
Quoting DMA Trader
Lagarde talking stupid things on CNBC
my take is like this.
and this will be my strategy for the next months.

see this in my country too today - saw this from Europe in 2008

Europe is dumb again talking about fiscal, not going against deficit targets and other BS Lagarde is like Trichet

Starting QE from FED and rates to 0 will probably bee the last chance to go short on markets and on Euro area may be hard to stay on a big usd devaluation in short term but it will worth it.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,253
  • Mar 13, 2020 12:58am Mar 13, 2020 12:58am
Quoting messi80
{quote} Pretty bullish 4h atm....
yep, but need more candles 133 00 could prove tough
If you are new to Forex? Say Goodbye to your account!!
  • #55,254
  • Mar 13, 2020 1:00am Mar 13, 2020 1:00am
Quoting KiwiTrada
I have decided to close my UC longs and flip building a position going into 1 4000, it isnt previous monthly high but that candle 1 1 2016 pushed to 1 4689 it closed with a big wick @ 14000 which was the resist prior to that monthly candle 1 4 2004 so figuring she might have sellers lurking :-)
doing ok, earlier than expected, but cant argue au looks like stuck to glue paper, waitin for drop off and kiwi to follow, been very calm day so far
If you are new to Forex? Say Goodbye to your account!!
  • #55,255
  • Mar 13, 2020 1:09am Mar 13, 2020 1:09am
Quoting DMA Trader
{quote} my take is like this. and this will be my strategy for the next months. see this in my country too today - saw this from Europe in 2008 Europe is dumb again talking about fiscal, not going against deficit targets and other BS Lagarde is like Trichet Starting QE from FED and rates to 0 will probably bee the last chance to go short on markets and on Euro area may be hard to stay on a big usd devaluation in short term but it will worth it.
when you will see FED cuts. remember they are cutting because even they think situation is worsening not improving. not cutting rates would be more bullish right now
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,256
  • Mar 13, 2020 1:13am Mar 13, 2020 1:13am
no yield anywhere but risky assets = bullish for equities. It'll take panic continuation to stop a bull rally. Very possibly the virus will peter out in the summer and we could see a V recovery back to near 2020 highs by the end of Q2.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,257
  • Mar 13, 2020 1:19am Mar 13, 2020 1:19am
Quoting The Fool
no yield anywhere but risky assets = bullish for equities. It'll take panic continuation to stop a bull rally. Very possibly the virus will peter out in the summer and we could see a V recovery back to near 2020 highs by the end of Q2.
imho on this scenario you are not taking into consideration the following

1 - hard to get earnings growth this year. SPX already had very elevated valuation
2 - i agree with a possibility of a V shape but not sure right now. since i cannot time the market. i am buying stocks on my investment portfolio
3 - what about layoffs. I've let go some of the personnel. more to come. others are doing the same in Europe.
4 - confidence in market is destroyed again - huge rally ? for sure. tell me what retail investor will go in after this month
5 - a lot of companies will go bankrupt, a lot of banks will have issues.
6 - social unrest

so ... while it's easy for us to just see things thing from a computer. real life will be very hard. for a lot of peoples that live by paycheck
shutting the world like this is unprecedented in the last 100 years. only bullish case is looking at china things are getting better they just started work....
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #55,258
  • Mar 13, 2020 1:38am Mar 13, 2020 1:38am
Not feeling too good on my golf longs right now. I do see a wave up to 1610/25 but if that happens, that’s another story if big boys are cashing out
I play the trade gamble to feed my Porsche addiction.
  • #55,259
  • Mar 13, 2020 1:52am Mar 13, 2020 1:52am
Quoting DMA Trader
SHORT 2580 SPX - good opportunity but risky this time. will add until 2625 for now
closed again this short for about 45 handles.

1H support. - careful shorting here.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,260
  • Mar 13, 2020 1:53am Mar 13, 2020 1:53am
Quoting M3csl
Not feeling too good on my golf longs right now. I do see a wave up to 1610/25 but if that happens, that’s another story if big boys are cashing out
i think some news from the FED is imminent

you are still ath 1H resistance or next support 1585
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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