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The Swamp

  • #64,501
  • May 20, 2020 1:03pm May 20, 2020 1:03pm
Quoting Maroc-Ismail
{quote} Here it is.. As you can see we're entering a supply area where also the strong 200 daily EMA is. I expect a daily candle close below 1,0987 (61% fib). Asia may directly retest the highs, for London to drop it. H4 is screaming for a downswing to 1,0860. If that happens we may see 1,06 real soon(Next week?) and after some time 1,03. This is just my analysis for the coming weeks, I may be wrong, but I believe we are at a critical point right now. My view will get stronger if I see this daily candle close below 1,0986. This range is all just...
i think 1.03? maybe covid-19 second wave.
next winter in europe..?
never?
daily above 1.06 and it will keep on moving, big one.
to flip weekly trend 1.2+ atm
  • #64,502
  • May 20, 2020 1:04pm May 20, 2020 1:04pm
Quoting Maroc-Ismail
{quote} Here it is.. As you can see we're entering a supply area where also the strong 200 daily EMA is. I expect a daily candle close below 1,0987 (61% fib). Asia may directly retest the highs, for London to drop it. H4 is screaming for a downswing to 1,0860. If that happens we may see 1,06 real soon(Next week?) and after some time 1,03. This is just my analysis for the coming weeks, I may be wrong, but I believe we are at a critical point right now. My view will get stronger if I see this daily candle close below 1,0986. This range is all just...
yesterday was a beautiful 4h bearish engulfing... but day was green.. I suspect it will repeat to 1037 or 1063 maybe 1077.. I favor shorts under 1080, the closer to 1063, the better.
those who can, do. those who cant, talk about those who can
  • #64,503
  • May 20, 2020 1:05pm May 20, 2020 1:05pm
Quoting DMA Trader
https://www.federalreserve.gov/monet...es20200429.pdf FED minutes
Respondents to Desk surveys attached almost no probability to the FOMC implementing negative policy rates.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,504
  • May 20, 2020 1:05pm May 20, 2020 1:05pm
Quoting gatenio
{quote} i think 1.03? maybe covid-19 second wave. next winter in europe..? never? daily above 1.06 and it will keep on moving, big one. to flip weekly trend 1.2+ atm
The way we are handling covid right now, we are definitely looking into a second wave. I don't know why but 1,12 looks so far away in comparison with 1,06..
  • #64,505
  • May 20, 2020 1:08pm May 20, 2020 1:08pm
Quoting gatorinla
{quote} yesterday was a beautiful 4h bearish engulfing... but day was green.. I suspect it will repeat to 1037 or 1063 maybe 1077
Yes, but I believed the upswing was not done yet. Now I believe it is.. I got tricked by that H4 yesterday and started hesitating, so I made some mistakes this morning.

1,1037 is a target I have my eyes on for more than a month now.. Maybe it is a norm for 1,06.
  • #64,506
  • May 20, 2020 1:10pm May 20, 2020 1:10pm
Quoting Maroc-Ismail
{quote} Yes, but I believed the upswing was not done yet. Now I believe it is.. I got tricked by that H4 yesterday and started hesitating, so I made some mistakes this morning. 1,1037 is a target I have my eyes on for more than a month now.. Maybe it is a norm for 1,06.
cant say it better
  • #64,507
  • May 20, 2020 1:12pm May 20, 2020 1:12pm
Quoting gatorinla
{quote} yesterday was a beautiful 4h bearish engulfing... but day was green.. I suspect it will repeat to 1037 or 1063 maybe 1077.. I favor shorts under 1080, the closer to 1063, the better.
5 green days, lucky num 7?
  • #64,508
  • May 20, 2020 1:14pm May 20, 2020 1:14pm
Quoting gatenio
{quote} i think 1.03? maybe covid-19 second wave. next winter in europe..? never? daily above 1.06 and it will keep on moving, big one. to flip weekly trend 1.2+ atm
winter maybe, but the hotter regions of the world are still gaining new cases. Winter in Southern hemisphere.. NZ and the Aussies are light years ahead of DT response.
those who can, do. those who cant, talk about those who can
  • #64,509
  • May 20, 2020 1:16pm May 20, 2020 1:16pm
Quoting gatenio
{quote} 5 green days, lucky num 7?
Its already in the window since yesterday.. but the window is 087x/0980. 1063 is normal
those who can, do. those who cant, talk about those who can
  • #64,510
  • May 20, 2020 1:19pm May 20, 2020 1:19pm
Quoting gatorinla
{quote} winter maybe, but the hotter regions of the world are still gaining new cases. Winter in Southern hemisphere.. NZ and the Aussies are light years ahead of DT response.
brazil too,
i think we handle corona just fine.
  • #64,511
  • May 20, 2020 1:19pm May 20, 2020 1:19pm
Quoting Maroc-Ismail
{quote} Yes, but I believed the upswing was not done yet. Now I believe it is.. I got tricked by that H4 yesterday and started hesitating, so I made some mistakes this morning. 1,1037 is a target I have my eyes on for more than a month now.. Maybe it is a norm for 1,06.
London closed higher today, like yesterday.. I was tricked some too.. I wanted to long 0875.. Yesterday's 4h candle meant nothing, once the day remained green. 4h candle was into old tl support (old uper wedge retest tl).
those who can, do. those who cant, talk about those who can
  • #64,512
  • May 20, 2020 1:22pm May 20, 2020 1:22pm
im taking some small short 0985
asia will take it down, london up like all week.
  • #64,513
  • May 20, 2020 1:33pm May 20, 2020 1:33pm
Quoting gatorinla
{quote} London closed higher today, like yesterday.. I was tricked some too.. I wanted to long 0875.. Yesterday's 4h candle meant nothing, once the day remained green. 4h candle was into old tl support (old uper wedge retest tl).
If Asia pushes it up above todays high, may that be enough for London to sell it?
  • #64,514
  • May 20, 2020 1:33pm May 20, 2020 1:33pm
Quoting gatorinla
{quote} London closed higher today, like yesterday.. I was tricked some too.. I wanted to long 0875.. Yesterday's 4h candle meant nothing, once the day remained green. 4h candle was into old tl support (old uper wedge retest tl).
the 4h candle was bearish into support..(Black little tl retest.) i dont have a 4h red candle atm.. if I did. the old larger upper wedge may be support 094x..this may be a buy area.. but if 1063 is hit first. it would have a better chance going below.
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those who can, do. those who cant, talk about those who can
  • #64,515
  • May 20, 2020 1:37pm May 20, 2020 1:37pm
Quoting gatorinla
{quote} the 4h candle was bearish into support..(Black little tl retest.) i dont have a 4h red candle atm.. if I did. the old larger upper wedge may be support 094x..this may be a buy area.. but if 0963 is hit first. it would have a better chance going below. {image}
Bro you mean 1,1063 right? Typo I think.

Anyway, I will sell the sh*t out of that 1,1063 of yours if it gets there!
  • #64,516
  • May 20, 2020 1:38pm May 20, 2020 1:38pm
Quoting Maroc-Ismail
{quote} If Asia pushes it up above todays high, may that be enough for London to sell it?
if london high is tested early.. I dont want to buy a retrace w/o some reasoning. once tested it can go higher or maybe its a top.. its near the high now.. I consider this a test..its only 7 pips from the high.. the candles are all green 4h..

if you want to trade the 1h... your stop should be the high plus a little. I trade old engulfed candles like the 1h sometimes on these test.. because i just have to risk a few pips.
those who can, do. those who cant, talk about those who can
  • #64,517
  • May 20, 2020 1:43pm May 20, 2020 1:43pm
Quoting Maroc-Ismail
{quote} Bro you mean 1,1063 right? Typo I think. Anyway, I will sell the sh*t out of that 1,1063 of yours if it gets there!
yeah 1063
those who can, do. those who cant, talk about those who can
  • #64,518
  • May 20, 2020 1:47pm May 20, 2020 1:47pm
Quoting gatorinla
{quote} if london high is tested early.. I dont want to buy a retrace w/o some reasoning. once tested it can go higher or maybe its a top.. its near the high now.. I consider this a test..its only 7 pips from the high.. the candles are all green 4h.. if you want to trade the 1h... your stop should be the high plus a little. I trade old engulfed candles like the 1h sometimes on these test.. because i just have to risk a few pips.
no stop needed, imo.
20 pips is the target, 0965. cant see them taking more then today high, asia do nothing lately. they not buying at all.
see you all morning
  • #64,519
  • May 20, 2020 1:51pm May 20, 2020 1:51pm
Hello,

The calender looks packed for tomorrow. Is the market expecting positive data?

My 93 short saved by a whisker. Want to let it be
  • #64,520
  • May 20, 2020 2:15pm May 20, 2020 2:15pm
Quoting Boulder
{quote} Swiss perfectly hit 75% retrace.. Eu just retraced 0970, 12.5%, next 0940 at 25%,,,I am learning from u....
2.5 h, during a slow period. 39 pips. I was averaging 5.x pips.. now 7.8 pip average . Thats a 50% raise . still early, so far so good. this may do good over a holiday like Memorial day.
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those who can, do. those who cant, talk about those who can
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