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The Swamp

  • #59,321
  • Apr 9, 2020 10:39am Apr 9, 2020 10:39am
Quoting gatorinla
i'm not into the oil.. 24.20 may be a soft buy brent.
I hope u made a little.
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those who can, do. those who cant, talk about those who can
  • #59,322
  • Apr 9, 2020 10:48am Apr 9, 2020 10:48am
corona is 2.5 911s today. What a hoax.
those who can, do. those who cant, talk about those who can
  • #59,323
  • Apr 9, 2020 10:51am Apr 9, 2020 10:51am
YES!!! Don't fight the FED....
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  • #59,324
  • Apr 9, 2020 10:52am Apr 9, 2020 10:52am
Quoting gatorinla
0869 or 0947. Only one wins. if either can't be beat, 0909 area looks to get some time. The fed threw the kitchen sink.. Yet atm 0947 holds. Maybe not forever. Retrace to 0899/88 not bad R/R on a 0945 s.
she is trying. to break out.
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those who can, do. those who cant, talk about those who can
  • #59,325
  • Apr 9, 2020 10:54am Apr 9, 2020 10:54am
Quoting swd
{quote} A rigged game for sure, but spotting the signs of what is going helps to make a profit. Isn't it a case of "if you can't beat them, join them"? Don't trade oil myself, but looks like it's a bet Saudi's Arabia will not lose.
join them how.
most of the money i made were in XOM i've wrote here a few weeks ago and CVX. the rest was pure luck (little knowledge - - just like today risking a short near 28 on wti. but what now. economy is back so we get again to 60... who knows. . maybe some of the moves are already done.
i've shorted spx also but after today move not sure. FED about to buy etf - corporate debt....

had some stocks that i found bought them they are like soaring now and for what ... most of the money short and long i think were made. from here a little bit harder.

can we go to SPX 3000 ? who knows.

tomorrow is holiday also Easter in most of the country's - opex next week. again my take from here money will be a little bit harder to make. but to join them - i'm not sure how.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #59,326
  • Apr 9, 2020 10:58am Apr 9, 2020 10:58am
Initial Claims 6.606M vs consensus of 5.000M; prior was revised to 6.867M from 6.648M

  1. The key takeaway from the jobless claims data is that the number of filings is simply astounding and a true sign of the vast impact of the sudden economic stop. Unfortunately, it likely still doesn't capture the fullness of the impact as it's reasonable to assume that the system for filing claims is overwhelmed and not facilitating every effort to file for jobless benefits.

  1. Continuing Claims 7.455M; prior was revised to 3.059M from 3.029

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #59,327
  • Apr 9, 2020 11:10am Apr 9, 2020 11:10am
Quoting DMA Trader
{quote} join them how. most of the money i made were in XOM i've wrote here a few weeks ago and CVX. the rest was pure luck (little knowledge - - just like today risking a short near 28 on wti. but what now. economy is back so we get again to 60... who knows. . maybe some of the moves are already done. i've shorted spx also but after today move not sure. FED about to buy etf - corporate debt.... had some stocks that i found bought them they are like soaring now and for what ... most of the money short and long i think were made. from here a little...
At least on my broker there is a positive swap spread to sell WTI vs buy UK oil. That could be one way. Other than that, buy below $21/barrel. Difficult to know but if Saudi doing that, they intend I assume for oil to be back above $50/barrel or greater.
  • #59,328
  • Apr 9, 2020 11:13am Apr 9, 2020 11:13am
Quoting swd
{quote} At least on my broker there is a positive swap spread to sell WTI vs buy UK oil. That could be one way. Other than that, buy below $21/barrel. Difficult to know but if Saudi doing that, they intend I assume for oil to be back above $50/barrel or greater.
hard to see it near that level. i would buy if way higher. again near 24.. and below ... we will see..
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #59,329
  • Apr 9, 2020 11:13am Apr 9, 2020 11:13am
another event risk coming up soon...

EUROGROUP'S CENTENO SAYS EU FINANCE MINISTERS "VERY CLOSE TO AGREEMENT" ON CORONAVIRUS ECONOMIC RESCUE
  • #59,330
  • Apr 9, 2020 11:18am Apr 9, 2020 11:18am
oh,,no,,
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  • #59,331
  • Apr 9, 2020 11:23am Apr 9, 2020 11:23am
Quoting Boulder
another event risk coming up soon... EUROGROUP'S CENTENO SAYS EU FINANCE MINISTERS "VERY CLOSE TO AGREEMENT" ON CORONAVIRUS ECONOMIC RESCUE
Now positive or negative? Their lack of agreement was negative, do this has to be good for euro, right? Right?
  • #59,332
  • Apr 9, 2020 11:34am Apr 9, 2020 11:34am
Quoting DMA Trader
{quote} hard to see it near that level. i would buy if way higher. again near 24.. and below ... we will see..
Forgot, I'm also in some CAD pairs, CAD commodity pair oil and gold, when they appreciate tends to be good for CADx.
  • #59,333
  • Apr 9, 2020 11:35am Apr 9, 2020 11:35am
Quoting Boulder
YES!!! Don't fight the FED.... {image}
.. 0947 is a fed peg. But things may have changed since. 0869 is one too. The kitchen sink the fed did, now looks to destroy 0947. Some possible cheap seats above 0869. 0898/92/87, 0856 another. 0791 another. If the atm high holds.


I think 094x will be tested at least once more within the next 24 hours. I will throw away the 5 pips for a shot at 0909/0898. A long 0870/98 looks like decent R/R . For 2 weeks institutions placed 0947 on the list as R. It will break if/when ready. It may need another run and start from 0909/0870.

If 0869 is lost, bulls need to rethink options. The same for bears above 0947. 0947+ is R until broken. -0869 is support until broken
those who can, do. those who cant, talk about those who can
  • #59,334
  • Apr 9, 2020 11:36am Apr 9, 2020 11:36am
Quoting kasper
{quote} Now positive or negative? Their lack of agreement was negative, do this has to be good for euro, right? Right?
if agree,, good for the Eur... that news already got Eur bounced to 0940s not long ago..... wait for the final results.... if no agreement .. definitely will come with fall...
  • #59,335
  • Apr 9, 2020 11:41am Apr 9, 2020 11:41am
Quoting gatorinla
{quote} .. 0947 is a fed peg. But things may have changed since. 0869 is one too. The kitchen sink the fed did, now looks to destroy 0947. Some possible cheap seats above 0869. 0898/92/87, 0856 another. 0791 another. If the atm high holds. I think 094x will be tested at least once more within the next 24 hours. I will throw away the 5 pips for a shot at 0909/0898. A long 0870/98 looks like decent R/R . For 2 weeks institutions placed 0947 on the list as R. It will break if/when ready. It may need another run and start from 0909/0870....
I am not in hurry to short Eur for now due to H4 trend changed... ..I am waiting for swiss bounce some more to short it...
  • #59,336
  • Apr 9, 2020 11:43am Apr 9, 2020 11:43am
Quoting jaylovin
If 1.0960 gives way then i might expect 1.12xx This is where a good short would be to attack 1.0635

make that 1.0970-90
  • #59,337
  • Edited 12:48pm Apr 9, 2020 11:53am | Edited 12:48pm
Quoting Boulder
{quote} I am not in hurry to short Eur for now due to H4 trend changed... ..I am waiting for swiss bounce some more to short it...
me either, I will let it hit 0946 first (close s 0950). or break 0869 support. Looking to L 0870/98

s/o -5 Looking for a long entry. I may scalp between.. Some normal R 0956/71
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those who can, do. those who cant, talk about those who can
  • #59,338
  • Apr 9, 2020 11:58am Apr 9, 2020 11:58am
EurUsd datapoints atm.. this bounce may last a few days...if no bombshell bad news...
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  • #59,339
  • Apr 9, 2020 11:59am Apr 9, 2020 11:59am
Swiss datapoints atm.. continue the theme of shorting bounces...
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  • #59,340
  • Apr 9, 2020 12:10pm Apr 9, 2020 12:10pm
Quoting Boulder
Swiss datapoints atm.. continue the theme of shorting bounces... {image}
Hey Boulder, just curious on where do you get that table from? Is that an indicator for MT4 or you got it from a website? Sorry still a newbie.
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