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The Swamp

  • #62,201
  • Edited 3:56pm May 4, 2020 2:45pm | Edited 3:56pm
Quoting priceaction1
re-enter for long 1.0887-1.0900. {image}
She did test the area. i.e 1.0887-1.0900
don't predict direction, but dance with flow of water
  • #62,202
  • May 4, 2020 2:48pm May 4, 2020 2:48pm
if EURCAD and EURJPY break to the upside, we might see some move up on EU... that's an IF - its all pushing downwards atm so flip a coin
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  • #62,203
  • May 4, 2020 3:01pm May 4, 2020 3:01pm
I hope to sell 1063/1100.. I may have missed the boat for now. 0893, I dont know if it means anything.. since the week closed higher, i have to wait for a higher short... Normally 0872 is what I would wait for on week to long. Friday wise, It already reached my minimum long level at 0925..Pa dont seems not in much of a hurry.. the 0900 area supporting it so far.


Monday wise I would need 095x+ to short.
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those who can, do. those who cant, talk about those who can
  • #62,204
  • May 4, 2020 3:06pm May 4, 2020 3:06pm
Yup 1.087 ish is the one for now
All that is left in FF is just plain garbage.
  • #62,205
  • May 4, 2020 3:18pm May 4, 2020 3:18pm
I'd like to see a move back up to the 1.0925 area, to fall back to the 1.089 area.
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  • #62,206
  • May 4, 2020 3:48pm May 4, 2020 3:48pm
Tomorrow is the much anticipated German Federal Constitutional Court ruling on the constitutionality of the ECB asset purchase programme. This may have a big effect if the courts rules against it. My guess the longs are waiting for this ruling.


Cheers

Jeff
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I EAT PIPS
  • #62,207
  • May 4, 2020 4:31pm May 4, 2020 4:31pm
Quoting jshear
Tomorrow is the much anticipated German Federal Constitutional Court ruling on the constitutionality of the ECB asset purchase programme. This may have a big effect if the courts rules against it. My guess the longs are waiting for this ruling. Cheers Jeff {image} {image}
Hello,

Do you think it could go down regardless? Asset purchase meaning printing more? If ruling against it, then it could still go down because no bail out?

These are my thoughts. I am learning so please excuse my ignorance.

Cheers
  • #62,208
  • May 4, 2020 4:43pm May 4, 2020 4:43pm
Quoting tullamulla
{quote} Hello, Do you think it could go down regardless? Asset purchase meaning printing more? If ruling against it, then it could still go down because no bail out? These are my thoughts. I am learning so please excuse my ignorance. Cheers
My guess if they rule against Euro could go down big as this is bad for the economy. If they rule for it could go up as it’s business as usual.The market has priced in they will rule that the ECB bond buying programme is fine.
I EAT PIPS
  • #62,209
  • May 4, 2020 4:48pm May 4, 2020 4:48pm
Quoting jshear
{quote} My guess if they rule against Euro could go down big as this is bad for the economy. If they rule for it could go up as it’s business as usual.The market has priced in they will rule that the ECB bond buying programme is fine.
Ah okay. It's been dropping since Friday high without much retrace so I am thinking maybe a retest of weekly pivot at best then down.
  • #62,210
  • May 4, 2020 5:21pm May 4, 2020 5:21pm
Quoting tullamulla
{quote} Ah okay. It's been dropping since Friday high without much retrace so I am thinking maybe a retest of weekly pivot at best then down.
This is how I see it. Failure to touch upper band during Friday upmove. I went long at weekly pivot expecting another move up seeing the 'long' shadows but was stopped out.

My plan at the moment is to take a small long at daily S1 if price gets there during the Asian session aiming for the pivot. And then a short from there depending on how things develop.
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  • #62,211
  • May 4, 2020 8:43pm May 4, 2020 8:43pm
Good morning!

Slept and woke up with price on same level.
Mini buy limit triggered at 0904 (SL in BE, looks like can buy lower with tighter SL if it revisits 0890+).

Let’s see if price goes back at WP this Asian session and aim higher for shorts.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #62,212
  • May 4, 2020 9:53pm May 4, 2020 9:53pm
Quoting Boulder
Swiss short here 9655
flat swiss here 9649 +6...
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  • #62,213
  • May 4, 2020 9:53pm May 4, 2020 9:53pm
Eur short here 0913....
Good night...
  • #62,214
  • May 4, 2020 10:54pm May 4, 2020 10:54pm
Quoting Boulder
Eur short here 0913.... Good night...
Eur TP out 0903 +10
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  • #62,215
  • May 4, 2020 11:01pm May 4, 2020 11:01pm
Quoting Boulder
{quote} Eur TP out 0903 +10 {image}
go to sleep!
  • #62,216
  • May 4, 2020 11:03pm May 4, 2020 11:03pm
Quoting Boulder
{quote} Eur TP out 0903 +10 {image}
You are good and fearless.
  • #62,217
  • May 5, 2020 1:49am May 5, 2020 1:49am
Quoting YvonneVon
{quote} You must be a very brave man to sell lows..
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,218
  • May 5, 2020 1:50am May 5, 2020 1:50am
Quoting DMA Trader
{quote} Turkish Central Bank Says Injects 16 Bln Lira In Repo, Bids 41 Bln Lira problem solved.
https://www.dailysabah.com/business/...-minister-says

trying to escape the dollar drama
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,219
  • May 5, 2020 2:12am May 5, 2020 2:12am
Quoting YvonneVon
{quote} You must be a very brave man to sell lows..
maybe/ maybe not. i just go with the flow not trying to outsmart the market
on the time-frame that i trade we are on a downtrend. is this the bottom ? who knows. was it the top when i sold - i have no idea.
i got monthly and weekly rejection on friday and monday from R's so all i need is a roll on daily on downtrend. right now i am waiting to see if this 1H can close below 900
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,220
  • May 5, 2020 2:21am May 5, 2020 2:21am
Quoting YvonneVon
{quote} It opened with a slight gap down, fell off another 80 pips, -0.70% for the day. Why would anyone want to sell at this price? Just wondering.
maybe you are to attached on a price level.
i try to think EUR can go this month either to 0.9 or to 1.2 that clears my mind on trying to have a biased and some invented levels.
since when i started trading I've seen all media and pundits and analyst saying both ways and prove to be 100% dead wrong. I've seen super hot stocks went down 99.99% and other stupid companies going 9999% up without any particular reason rather than more buyers than sellers
i try not to get attach on anything
we've seen bitcoin go from 100 to 20.000 in a short time. what's bitcoin producing ? does it help with corona ? because as a trader i can see making some money long above 9000 with a tight stop.

i am not married with EUR nor the USD. so i don't care. I married a beautiful girl long time ago
Need to provide money for my family. that's all i care
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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