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The Swamp

  • #62,961
  • May 11, 2020 4:31am May 11, 2020 4:31am
Quoting Maroc-Ismail
Monday is usually one way street.. My bias is bullish, I don't like PA, so I won't take any trades unless I get real good confirmation. I think they want to get everyone on the sell side and then move it up. I expect price to reach higher levels this week. Whenever that may be. Target still 1,1030 ish.. Edit: I believe we've hit the low for today. But I need confirmation first to be sure. Let's see.
For now, watch 1,0822. If it breaks, we've hit the bottom, if it drops back, 1,0780 might be a magnet.
  • #62,962
  • May 11, 2020 4:33am May 11, 2020 4:33am
Quoting gatenio
{quote} just short UJ there some scalp potential h4 stop at 61.8 fibbo
USD is on the rise today (also had UJ R at 107 broken) so not fighting that tape
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,963
  • May 11, 2020 4:43am May 11, 2020 4:43am
Quoting DMA Trader
short 817
adding at 825
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,964
  • May 11, 2020 4:48am May 11, 2020 4:48am
Quoting Maroc-Ismail
{quote} For now, watch 1,0822. If it breaks, we've hit the bottom, if it drops back, 1,0780 might be a magnet.
Broke, think that was the bottom of today, maybe even the week.
  • #62,965
  • May 11, 2020 5:23am May 11, 2020 5:23am
Quoting gatorinla
{quote} maybe down a little.. to either 077x area or the level 080x/20 b4 further up. 4h engulfing candle looks like a drop into the 080x/20 support or test the big tl at 0770. It could go deeper but it may require some big news catalist. The easier path may be up.. the last few moves have been higher lows, and higher highs. within the range producing a neutral wedge. {image}
unable to get above 0855 R earlier. atm hitting this first support aea..
those who can, do. those who cant, talk about those who can
  • #62,966
  • May 11, 2020 5:24am May 11, 2020 5:24am
Quoting DMA Trader
{quote} adding at 825
can we panic now or later ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,967
  • May 11, 2020 5:25am May 11, 2020 5:25am
Quoting gatorinla
eu closing above 0855, may be bullish. especially on the day close. 0855 is some R..
bulls would need 0855 day close to run further. testing light support at 080x/20 atm..
those who can, do. those who cant, talk about those who can
  • #62,968
  • May 11, 2020 5:26am May 11, 2020 5:26am
Pesos want to see it again above 24 to buy
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,969
  • May 11, 2020 5:36am May 11, 2020 5:36am
Quoting DMA Trader
Pesos want to see it again above 24 to buy
I wouldn't buy it... I rather hold small shorts (usd/mex) on rise, for the future. Years down the road.
those who can, do. those who cant, talk about those who can
  • #62,970
  • May 11, 2020 5:39am May 11, 2020 5:39am
Quoting gatorinla
{quote} I wouldn't buy it... I rather hold small shorts (usd/mex) on rise, for the future. Years down the road.
buy the pesos so yes short usd/mxn but i want to see it a little higher. got close to 24.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,971
  • May 11, 2020 5:41am May 11, 2020 5:41am
I bet some fake math is being used in Florida. The fever map has never agreed. Someone is undercounting. 5 deaths? My ass. case numbers are well above other states with far more deaths.
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those who can, do. those who cant, talk about those who can
  • #62,972
  • May 11, 2020 5:48am May 11, 2020 5:48am
RIP Little Richard, and Jerry Stiller (Arthur) .
Inserted Video
those who can, do. those who cant, talk about those who can
  • #62,973
  • May 11, 2020 6:23am May 11, 2020 6:23am
Hey guys I was looking at chart patterns and I believe the current one forming on m1 is called friggin annoying

I am currently long and nicely in the red
  • #62,974
  • May 11, 2020 6:43am May 11, 2020 6:43am
Quoting DMA Trader
{quote} can we panic now or later ?
i think she's waiting for Boulder to come in and short and than tank
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,975
  • May 11, 2020 6:47am May 11, 2020 6:47am
EU datapoints atm... bearish in short time frames
Attached Image
  • #62,976
  • May 11, 2020 6:50am May 11, 2020 6:50am
Swiss datapooints.. H1 up with H4 down, PA may continue chop
Attached Image
  • #62,977
  • May 11, 2020 7:01am May 11, 2020 7:01am
Quoting gatorinla
I bet some fake math is being used in Florida. The fever map has never agreed. Someone is undercounting. 5 deaths? My ass. case numbers are well above other states with far more deaths. {image}
All over the world, actually. Historical mortality rates are substantially exeeded in most countries (+16% in US) during covid and especially in urban areas (by +386% in New York City) as of April 11:
https://www.ft.com/__origami/service...ext&width=1260

https://www.ft.com/__origami/service...ext&width=1260

I bet many people stay at home because "it's just a flu" or "don't want to get infected in a hospital" and end up dead at home. And if granny had cancer and dies now it's easy to count it as non-covid death. Hence it's not possible to directly compare countries. For example the Chinese data with the real world.
  • #62,978
  • May 11, 2020 7:02am May 11, 2020 7:02am
Quoting DMA Trader
{quote} it's the risk on trade exp benefiting from china play. we get into china tariff battle phase 1 next week. for a smaller position stops are above 067
aud and cad - got hit and back to support.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,979
  • May 11, 2020 7:03am May 11, 2020 7:03am
Quoting DMA Trader
{quote} aud and cad - got hit and back to support.
nice timing navaro just on cnbc lol talking about china trade
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #62,980
  • May 11, 2020 7:08am May 11, 2020 7:08am
Breaking news: Saudi Arabia has directed Aramco to cut an extra 1 million bpd to its opec plus cuts which brings the kingdom's targeted production in June to 7.492 million bpd -statement

also
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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