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The Swamp

  • #65,821
  • May 31, 2020 5:55pm May 31, 2020 5:55pm
My imo for this week, i am not placing trades but lets see if these work out

EURUSD 1.1130 coming to start imo

GBPJPY 135.xx

EURJPY 121.05

AUDUSD - staying away

CADJPY - 78.60 if 78.00 holds
  • #65,822
  • May 31, 2020 5:59pm May 31, 2020 5:59pm
Reload my sell with 1.1135 stop still have hope
  • #65,823
  • Edited 7:34pm May 31, 2020 7:12pm | Edited 7:34pm
Interesting, au gu uc all moved 20+ against usd, eu moved 5 or so...

May get hourly entry at 25/26 with tight stop... safer above high.

Looks like it wants higher, retail shorts still 69%, if they start to long that can change quickly

Took a short ej at 119.93 stop at 98
  • #65,824
  • May 31, 2020 7:42pm May 31, 2020 7:42pm
Quoting gatorinla
{quote} using Friday's move alone is on the chart.. The day closed higher and tested week resistance. The 4h retraced with a bearish engulfing candle at week R. It went up after hitting 1h support. Later in the day after a retrace. The 1h and below turned up off bullish candles.. Friday's high, or the retrace low after look to be next. The month did close higher. The week closed higher (in a inside candle). The day closed higher. I think chances are better than 50/50 the high area is to be tested. using the day candle while ignoring the rest. 1137...
add; 1160/64 area may also be R. Looking for a top.. somewhere 1137/1250 area.
those who can, do. those who cant, talk about those who can
  • #65,825
  • May 31, 2020 7:49pm May 31, 2020 7:49pm
Quoting Don96
Interesting, au gu uc all moved 20+ against usd, eu moved 5 or so... May get hourly entry at 25/26 with tight stop... safer above high. Looks like it wants higher, retail shorts still 69%, if they start to long that can change quickly Took a short ej at 119.93 stop at 98
Move stop to b.e, 1:2 RR, if i can get a runner then bonus

Would need to start with hourly closes below 83, eu below 15 minimum, its a start... looks like someone didnt/doesnt want the eu close. I dont really like week open pa. And babk holidays in europe tomorrow
  • #65,826
  • May 31, 2020 7:56pm May 31, 2020 7:56pm
Quoting gatorinla
{quote} add; 1160/64 area may also be R. Looking for a top.. somewhere 1137/1250 area.
usdx may be bottoming. Month wise support here. Candle wise, I can't say bottom. Candle wise, bearish into support.
Attached Image (click to enlarge)
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those who can, do. those who cant, talk about those who can
  • #65,827
  • May 31, 2020 8:30pm May 31, 2020 8:30pm
Quoting Don96
{quote} Move stop to b.e, 1:2 RR, if i can get a runner then bonus Would need to start with hourly closes below 83, eu below 15 minimum, its a start... looks like someone didnt/doesnt want the eu close. I dont really like week open pa. And babk holidays in europe tomorrow
X2 eu stopped in small profit ej stopped b.e... looks like higher on eu, closes at 29 h4 and 35 h1 on radar

Quoting Don96
Interesting, au gu uc all moved 20+ against usd, eu moved 5 or so... May get hourly entry at 25/26 with tight stop... safer above high. Looks like it wants higher, retail shorts still 69%, if they start to long that can change quickly Took a short ej at 119.93 stop at 98
Back over 70%... most in profit shorts from retail have just been taken breakeven
  • #65,828
  • May 31, 2020 8:58pm May 31, 2020 8:58pm
Quoting Boulder
my accounts are on too.. I didn't do log out and in.. hope no issues...
Your 1h is very overextended. Its close to testing last weeks high.. I think it may turn soon since lc did its thing. It may relax.. Keep your eyes open..
those who can, do. those who cant, talk about those who can
  • #65,829
  • May 31, 2020 9:01pm May 31, 2020 9:01pm
Quoting Don96
{quote} X2 eu stopped in small profit ej stopped b.e... looks like higher on eu, closes at 29 h4 and 35 h1 on radar {quote} Back over 70%... most in profit shorts from retail have just been taken breakeven
H1 close at 34... 1 pip below previous high on hour close... it may mean nothing, there could be too much pressure to prevent a new high now
  • #65,830
  • May 31, 2020 9:05pm May 31, 2020 9:05pm
Quoting gatorinla
{quote} Your 1h is very overextended. Its close to testing last weeks high.. I think it may turn soon since lc did its thing. It may relax.. Keep your eyes open..
5 min top 1139. 4h top 1145
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those who can, do. those who cant, talk about those who can
  • #65,831
  • May 31, 2020 9:07pm May 31, 2020 9:07pm
Quoting gatorinla
{quote} 5 min top 1139. 4h top 1145 {image}
From where did you go short bro?
  • #65,832
  • May 31, 2020 9:10pm May 31, 2020 9:10pm
Quoting Jeremy1998
{quote} From where did you go short bro?
closed a long 1137.. short 1134
those who can, do. those who cant, talk about those who can
  • #65,833
  • May 31, 2020 9:12pm May 31, 2020 9:12pm
Quoting gatorinla
{quote} usdx may be bottoming. Month wise support here. Candle wise, I can't say bottom. Candle wise, bearish into support. {image}

I've also been trading/watching these levels on the usdx, but I see a possible extension down to the 97.550 area if the current doesn't hold which should put the E/U around 1.1190/1.1200... This is of course if it doesn't stop where it's at, but that said we may have another small push up with US equities before a nice retrace which could also possibly drive it to that level.

I've been looking at this breakout on both pairs and it seems the extension has to be close to exhausted before at least a pull back to the 1.1000 area on E/U (135ish pips down) where sellers on usdx and buyers on e/u can possibly consider a reload.
  • #65,834
  • May 31, 2020 9:15pm May 31, 2020 9:15pm
Quoting gatorinla
{quote} 5 min top 1139. 4h top 1145 {image}
Seeing the same

H4 needs the closes below 1.11295 to start, 3h below 98 better... asian session bank holiday low volume, not counting on it.

As mentioned gu au uc all rose x2 eu, oil related?, i only checked intraday, ucad looks like its breaking lower on all tf
  • #65,835
  • May 31, 2020 9:16pm May 31, 2020 9:16pm
Quoting mmccormac
{quote} I've also been trading/watching these levels on the usdx, but I see a possible extension down to the 97.550 area if the current doesn't hold which should put the E/U around 1.1190/1.1200... This is of course if it doesn't stop where it's at, but that said we may have another small push up with US equities before a nice retrace which could also possibly drive it to that level. I've been looking at this breakout on both pairs and it seems the extension has to be close to exhausted before at least a pull back to the 1.1000 area on E/U (135ish...
I see it too.. the candles gave a stop price..

15 min now.
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those who can, do. those who cant, talk about those who can
  • #65,836
  • May 31, 2020 9:21pm May 31, 2020 9:21pm
Quoting Don96
{quote} Seeing the same H4 needs the closes below 1.11295 to start, 3h below 98 better... asian session bank holiday low volume, not counting on it. As mentioned gu au uc all rose x2 eu, oil related?, i only checked intraday, ucad looks like its breaking lower on all tf
Yeah, I'm aggressive on the over extension. The 4h has already drawn a line Friday. Thinking 0936 reward versus risk.
those who can, do. those who cant, talk about those who can
  • #65,837
  • May 31, 2020 9:31pm May 31, 2020 9:31pm
Quoting gatorinla
{quote} Yeah, I'm aggressive on the over extension. The 4h has already drawn a line Friday.
Likewise,

Careful of gu/au pulling eu... looks like could break north smaller tf. Eg also looks like could... may stall anything on eu
  • #65,838
  • May 31, 2020 9:44pm May 31, 2020 9:44pm
Quoting gatorinla
{quote} Yeah, I'm aggressive on the over extension. The 4h has already drawn a line Friday. Thinking 0936 reward versus risk.
I am on sideline as eu is still strong upward. No definite sign of breaking lower. Equity is running low atm
  • #65,839
  • May 31, 2020 9:45pm May 31, 2020 9:45pm
Quoting Don96
{quote} Likewise, Careful of gu/au pulling eu... looks like could break north smaller tf. Eg also looks like could... may stall anything on eu
71% short... still adding, i would be very surprised if this is the high, i am wrong at 41.

Quoting Don96
{quote} 71% short... still adding, i would be very surprised if this is the high, i am wrong at 41.
Spike north take some stops? 8 mins until hourly close...

Triangle on ej...
  • #65,840
  • May 31, 2020 10:36pm May 31, 2020 10:36pm
Quoting Don96
{quote} 71% short... still adding, i would be very surprised if this is the high, i am wrong at 41. {quote} Spike north take some stops? 8 mins until hourly close... Triangle on ej...
Gu did the opposite and dropped, eu hardly followed. EJ still in triangle and could be about to break lower... triple top, i am super zoomed in and trading througj mobile, all higher tf seem bullish but they always will be at the high until its too late and people get stuck long. As gator mentioned, inflicting as much pain as possible. Eu will break the range at some point

My 2 eu shorts so far missed sl by 1 pip, i will b.e if we drop 10...
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