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The Swamp

  • #61,861
  • May 1, 2020 2:00am May 1, 2020 2:00am
Quoting KiwiTrada
{quote} very nice move, 3 or 4 or 10 weeks more would be nice
Looks a strong double top in place. If it clear last week's low it has a lot of room below
Focus.
  • #61,862
  • May 1, 2020 2:12am May 1, 2020 2:12am
Quoting tullamulla
Hello DMA and ill_be_back, Do you have a specific reason for picking that price level to go short? Personally I am not thinking of going short until 985 or preferably 1.1005. Cheers Edt: I am trying to learn
Risk is minimum
If a new high i am OUT with a small loss
or else possible Target of 50-60+
A good trader follows his rules, but great trader knows when to break them
  • #61,863
  • May 1, 2020 2:22am May 1, 2020 2:22am
Quoting tullamulla
Hello DMA and ill_be_back, Do you have a specific reason for picking that price level to go short? Personally I am not thinking of going short until 985 or preferably 1.1005. Cheers Edt: I am trying to learn
960 was my weekly resistance.
i'm not into leverage and many times i hedge on different assets so for me this trade here makes sence
i see the same thing on many assets even Stock Market some big weekly resistance

also short means i get some money in swap. also fun'dies favors USD
as long as we stay below 1.12 on EU i think short's are ok

some of the tf are bullish so we need to be careful.

but please don't follow anyone blindly, i may be out in a few minutes if i get my money and we have different risk's size ...
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #61,864
  • May 1, 2020 2:27am May 1, 2020 2:27am
Quoting DMA Trader
{quote} 960 was my weekly resistance. i'm not into leverage and many times i hedge on different assets so for me this trade here makes sence i see the same thing on many assets even Stock Market some big weekly resistance also short means i get some money in swap. also fun'dies favors USD as long as we stay below 1.12 on EU i think short's are ok some of the tf are bullish so we need to be careful. but please don't follow anyone blindly, i may be out in a few minutes if i get my money and we have different risk's size ...
I have 1,0970 as important level.
Above it may free bulls until 1,1370.

Bears looks better below it. I'm still on their side for the moment.

Will see what COT says tonight
COT: The precious data ignored
  • #61,865
  • May 1, 2020 2:28am May 1, 2020 2:28am
Quoting tullamulla
Hello DMA and ill_be_back, Do you have a specific reason for picking that price level to go short? Personally I am not thinking of going short until 985 or preferably 1.1005. Cheers Edt: I am trying to learn
i've set tp at 944
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #61,866
  • May 1, 2020 2:29am May 1, 2020 2:29am
Quoting kuroro001
{quote} I have 1,0970 as important level. Above it may free bulls until 1,1370. Bears looks better below it. I'm still on their side for the moment. Will see what COT says tonight
yes, i kind of see the same thing. also now RISK off since AMZN killed with earnings and call a few hours ago.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #61,867
  • May 1, 2020 2:32am May 1, 2020 2:32am
Quoting gatorinla
{quote} month and week closed lower. Day higher. I'm building shorts on this rise. contrary pa has a pole with a flag. its about 130 pips. meaning pa can go 130 pips higher than 0972 or about 1.11 if this breaks north. month closing lower should make the 0883 test, and usually a test of month low or more (in may). but 0883 is a wildcard maybe supportive. The flag wasn't here when above quoted post was sent. {image}
I have a pennant on the 15min, for me means continuation...

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Simplicity is the Ultimate Sophistication.
  • #61,868
  • May 1, 2020 2:45am May 1, 2020 2:45am
Thank you for the response. I don't take calls from FF as I am working with my own strategy but it's always good to try learn something new

Cheers
  • #61,869
  • May 1, 2020 2:59am May 1, 2020 2:59am
Quoting broketrader
{quote} I have a pennant on the 15min, for me means continuation... {image}
i see the same thing but also R in this area. small dynamic trend with support going up from 950 yo 960 ..
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #61,870
  • May 1, 2020 3:03am May 1, 2020 3:03am
EU now pointing upwards 0985. Possible target
  • #61,871
  • May 1, 2020 3:15am May 1, 2020 3:15am
Looks like a good short with stop above high
  • #61,872
  • May 1, 2020 3:16am May 1, 2020 3:16am
Quoting mars1
EU now pointing upwards 0985. Possible target
It keeps getting shot down each time it hits 0960 though haha.

Quoting tullamulla
Looks like a good short with stop above high
0990 nice SL I think.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #61,873
  • May 1, 2020 3:26am May 1, 2020 3:26am
Upside is being opened. 1,0970 line in the sand bulls/bears.
COT: The precious data ignored
  • #61,874
  • May 1, 2020 3:33am May 1, 2020 3:33am
Long GU 2557.
  • #61,875
  • May 1, 2020 3:38am May 1, 2020 3:38am
spain's economy minister calvino says gdp to contract 9.2 in 2020 || spain's economy minister calvino says gdp to grow 6.8 in 2021
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #61,876
  • May 1, 2020 3:48am May 1, 2020 3:48am
Quoting gellowmellow
{quote} It keeps getting shot down each time it hits 0960 though haha. {quote} 0990 nice SL I think.
EU just touched 0979
  • #61,877
  • May 1, 2020 3:48am May 1, 2020 3:48am
Quoting DMA Trader
spain's economy minister calvino says gdp to contract 9.2 in 2020 || spain's economy minister calvino says gdp to grow 6.8 in 2021
It's good to be optimistic, let's hope we don't get a second wave of corona before having a vaccine or some kind of treatment...
Simplicity is the Ultimate Sophistication.
  • #61,878
  • May 1, 2020 3:53am May 1, 2020 3:53am
Quoting broketrader
{quote} It's good to be optimistic, let's hope we don't get a second wave of corona before having a vaccine or some kind of treatment...
that will be game over in days.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #61,879
  • May 1, 2020 4:09am May 1, 2020 4:09am
Quoting broketrader
{quote} It's good to be optimistic, let's hope we don't get a second wave of corona before having a vaccine or some kind of treatment...
Countries have started to open up so a second wave is inevitable, the question is how severe it's going to be.

A treatment would have to be highly effective and rapid to curb a second wave. It's more likely that we get a vaccine before that. Which is still about a year from now, best case.
  • #61,880
  • May 1, 2020 4:26am May 1, 2020 4:26am
morning..just woke up.. short some EU here 0978...unless TP out.. I wont add more short
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