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The Swamp

  • #62,381
  • May 5, 2020 1:41pm May 5, 2020 1:41pm
Quoting DMA Trader
{quote} short 856 at this point i think could be calm until at least ADP tomorrow
maybe a little tilt to bearish side before NFP.. NFP has already presumed 22 mil unemployed.. kind norm..
  • #62,382
  • May 5, 2020 2:20pm May 5, 2020 2:20pm
FED -Clarida says unemployment rate is going to surge to levels not seen since the 1940
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,383
  • May 5, 2020 2:26pm May 5, 2020 2:26pm
Fed Vice Chair Richard Clarida CNBC interview: It is his forecast that Q3 GDP is positive; Additional support could be needed by Fed or fiscal officials
Mr. Clarida said:

  1. There will be a sharp retraction, but recovery could begin in the second half of the year.
  2. The course of the economy will depend on the course of the virus.
  3. It is his forecast that Q3 GDP is positive.
  4. The Fed will keep rates at zero as long as its needed.
  5. Additional support could be needed by Fed or fiscal officials.
  6. Fed will continue to act forcefully and aggressively.
  7. There is no "statutory limit" to what Fed can do.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,384
  • May 5, 2020 2:43pm May 5, 2020 2:43pm
Ok sorry for the delay. Took a short on au from 64.58.. let’s see. Take back what I lost with interest
  • #62,385
  • May 5, 2020 2:49pm May 5, 2020 2:49pm
https://www.latimes.com/california/s...-than-original

Scientists say a now-dominant strain of the coronavirus appears to be more contagious than original
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,386
  • May 5, 2020 3:05pm May 5, 2020 3:05pm
Quoting jaylovin
Ok sorry for the delay. Took a short on au from 64.58.. let’s see. Take back what I lost with interest

close half +18

be for the rest. If this channel breaks we should get some movement I hope
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  • #62,387
  • May 5, 2020 3:21pm May 5, 2020 3:21pm
Quoting DMA Trader
{quote} short 856 at this point i think could be calm until at least ADP tomorrow
out +13
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,388
  • May 5, 2020 3:29pm May 5, 2020 3:29pm
Quoting Boulder
Eur refill one here 0848.. will add..
EU booked here 0842 +6
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  • #62,389
  • May 5, 2020 4:23pm May 5, 2020 4:23pm
Quoting jaylovin
try usdjpy short for 20 pips tp 106.45 sl - 20
should have kept this.. it hit TP
  • #62,390
  • May 5, 2020 4:38pm May 5, 2020 4:38pm
Quoting jaylovin
{quote} should have kept this.. it hit TP
Damn you do, damn you dont.. as Gator told me ..we all have the same regrets sometimes.. right before your post, my EU reached TP 5 mins after I closed it......
I have to learn to let it go...
  • #62,391
  • May 5, 2020 4:45pm May 5, 2020 4:45pm
Quoting Boulder
{quote} Damn you do, damn you dont.. as Gator told me ..we all have the same regrets sometimes.. right before your post, my EU reached TP 5 mins after I closed it...... I have to learn to let it go...

damn it hurts... oh well... lots more opportunites to come
  • #62,392
  • May 5, 2020 4:51pm May 5, 2020 4:51pm
Hi Boulder,

Since you hedge, how do you get out of the other position?

Cheers
  • #62,393
  • Edited May 6, 2020 1:15am May 5, 2020 5:10pm | Edited May 6, 2020 1:15am
Pending SHORT
Cancelled
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A good trader follows his rules, but great trader knows when to break them
  • #62,394
  • May 5, 2020 5:13pm May 5, 2020 5:13pm
Quoting tullamulla
Hi Boulder, Since you hedge, how do you get out of the other position? Cheers
make sure never over leverage....wait and pause trades when current trends against me as Swiss does for now,,...trade heavy when in the trends...
I do close some trades occasionally if I see no hope to turn them into profits,,, those lose trades have to be damage small.... and ..I try to kept winning rate 96%+ for the strategy to work...
  • #62,395
  • May 5, 2020 5:30pm May 5, 2020 5:30pm
Quoting Boulder
{quote} make sure never over leverage....wait and pause trades when current trends against me as Swiss does for now,,...trade heavy when in the trends... I do close some trades occasionally if I see no hope to turn them into profits,,, those lose trades have to be damage small.... and ..I try to kept winning rate 96%+ for the strategy to work...
Ah I see. So you don't hedge every trade?

So when USDCHF starts falling you will long EU since you already have the other side covered due to previous shorts?

Cheers
  • #62,396
  • May 5, 2020 5:37pm May 5, 2020 5:37pm
Quoting tullamulla
{quote} Ah I see. So you don't hedge every trade? So when USDCHF starts falling you will long EU since you already have the other side covered due to previous shorts? Cheers
I don't hedge every trade...I only short EU and short Swiss as correlation trades...
  • #62,397
  • May 5, 2020 6:10pm May 5, 2020 6:10pm
Quoting ill_be_back
Pending SHORT {image}
I will pend 0866, RU R1.. as one.. I may go in early as usual

btw, you are one of my favorite traders in this thread for a long time, I couldn't believe I have not added you to my subscription lists.. sorry for the delay...I just did...
I wont miss your posts any more,,,,
  • #62,398
  • May 5, 2020 6:41pm May 5, 2020 6:41pm
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  • #62,399
  • May 5, 2020 6:49pm May 5, 2020 6:49pm
We need it...

TRUMP CONSIDERING CAPITAL GAINS TAX CUTS IN STIMULUS: NYT
  • #62,400
  • May 5, 2020 7:35pm May 5, 2020 7:35pm
Quoting Boulder
We need it... TRUMP CONSIDERING CAPITAL GAINS TAX CUTS IN STIMULUS: NYT
Trump cant cut taxes. More bs. . Congress makes tax laws.
those who can, do. those who cant, talk about those who can
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