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The Swamp

  • #64,721
  • May 21, 2020 8:32am May 21, 2020 8:32am
Quoting SFundamental
Cable stuff https://www.tradingview.com/x/qQ5xGjkH/ Indicators pointing down but concerns about PMI....may be mm needs a pullback
Nice move down on Cable - buyers were waiting....
got out in the move down -
Should have reversed-
But 100+ pips scalping this stuff this over last few hours

https://www.tradingview.com/x/eBMI3C8F/
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #64,722
  • May 21, 2020 8:36am May 21, 2020 8:36am
Quoting Marco-Kanto
{quote} Closed the wrong one 1040 out +20ish {image}
Other one out for +10.

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Focus.
  • #64,723
  • May 21, 2020 8:46am May 21, 2020 8:46am
imho on RISK we have some big resistance here on assets
if we can break it (and i think we can) we could see another drop on USD.

also keep in mind US holiday coming.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,724
  • May 21, 2020 8:48am May 21, 2020 8:48am
Quoting DMA Trader
imho on RISK we have some big resistance here on assets if we can break it (and i think we can) we could see another drop on USD. also keep in mind US holiday coming.
UK and US banks will be both off next Monday...
  • #64,725
  • May 21, 2020 8:53am May 21, 2020 8:53am
Today fed chair powel will speak 4,5 hours later maybe over 1.0996 it will make a rally to 1.1096 or 1.1148 its crazy
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  • #64,726
  • May 21, 2020 8:54am May 21, 2020 8:54am
That long wick is probably a faker
  • #64,727
  • May 21, 2020 8:55am May 21, 2020 8:55am
Quoting Tekin
Today fed chair powel will speak 4,5 hours later maybe over 1.0996 it will make a rally to 1.1096 or 1.1148 its crazy {image}
Unlikely the market will react to that. He is only doing an opening speech. He tends to keep those neutral.

Trump has a higher chance to move the market with his random anti china rhetoric.
  • #64,728
  • May 21, 2020 9:00am May 21, 2020 9:00am
Quoting thelws
{quote} Unlikely the market will react to that. He is only doing an opening speech. He tends to keep those neutral. Trump has a higher chance to move the market with his random anti china rhetoric.
my idea is just theory. hoping that bearish movement will continue becos i have a sell trade 200 pips below just surviving with higher amount scalps just keep it because of positive swap that some day i will close it with profit. except monthly chart all tf are above moving averages than can trigger up spikes

boulders technic is the best i think 10 pips and everything clear
  • #64,729
  • May 21, 2020 9:07am May 21, 2020 9:07am
Today was so busy. Too many people to see and had a visiting echocardiologist. No breakfast. And no lunch yet. Lol... Just now everywhere is quiet and I just checked to see EU hit above 1.1008.

Tomorrow, I believe, is the sell day. I don't want to miss the movie.
  • #64,730
  • May 21, 2020 9:20am May 21, 2020 9:20am
might work out
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  • #64,731
  • May 21, 2020 9:23am May 21, 2020 9:23am
Quoting DMA Trader
imho on RISK we have some big resistance here on assets if we can break it (and i think we can) we could see another drop on USD. also keep in mind US holiday coming.
I feel GU is about to spike hard.
  • #64,732
  • May 21, 2020 9:24am May 21, 2020 9:24am
GU shorts in a bit of pain
Look ahead, Macro=Direction, Levels & Structure = Entry
  • #64,733
  • May 21, 2020 9:25am May 21, 2020 9:25am
Quoting SFundamental
GU shorts in a bit of pain
Close them.
Focus.
  • #64,734
  • May 21, 2020 9:27am May 21, 2020 9:27am
Quoting Mitiblotch
Today was so busy. Too many people to see and had a visiting echocardiologist. No breakfast. And no lunch yet. Lol... Just now everywhere is quiet and I just checked to see EU hit above 1.1008. Tomorrow, I believe, is the sell day. I don't want to miss the movie.
I could not believe you, lol...probably thinking Eu all the time while you treating your patients... do you even hear them sometimes..or just tune them off
  • #64,735
  • May 21, 2020 9:28am May 21, 2020 9:28am
Quoting SFundamental
GU shorts in a bit of pain
Mate, that thing has been rubbing hard on that 2240. Just a ,tater of time it may smash it up and fly hard. GU is erratic and I won't be surprised to see it touch near 1.24 this week. Crazy!
  • #64,736
  • May 21, 2020 9:30am May 21, 2020 9:30am
wait for two TPs before add.. either EU 0950 or Swiss 9676.. lets see which will give first...both moved away after 8+ pips
  • #64,737
  • May 21, 2020 9:31am May 21, 2020 9:31am
Quoting Boulder
{quote} I could not believe you, lol...probably thinking Eu all the time while you treating your patients... do you even hear them sometimes..or just tune them off
Hahaha... when I am off here I am completely off. I don't even remember anything about price. Same patients kept me off water, breakfast and lunch. Lol... When I am done I pick up my tablet.
  • #64,738
  • May 21, 2020 9:38am May 21, 2020 9:38am
Quoting Mitiblotch
{quote} I feel GU is about to spike hard.
...
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #64,739
  • May 21, 2020 9:38am May 21, 2020 9:38am
Shorted the morning and longed the afternoon - back to flat for the month... total hammering.. oh well
  • #64,740
  • May 21, 2020 9:39am May 21, 2020 9:39am
These moves on the EU look news based, but I don't see any big announcements to cause the two strong selloffs in the NY session. Any ideas?
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