The Swamp | Page 3293 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #65,841
  • May 31, 2020 10:45pm May 31, 2020 10:45pm
Quoting gatorinla
{quote}
Than you gained "the loss of opportunity".
Compounding is the way to make money.
Compounding is a way to lose money.
Sometimes the pair dont go back to where it started.
Nothing wrong with cutting all positions.
Gold!

I find cutting early easier because my account might not handle 400-500 pips against my trades.
The feeling of admitting loss sucks but hurts more seeing big negatives and having the feeling of uncertainties, false hopes.
But if you have a big well like Boulder's, holding longer and waiting for the the right time to close/profit it is actually ideal.

In the end, if you fail to plan, you are planning to fail.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #65,842
  • May 31, 2020 11:13pm May 31, 2020 11:13pm
Since we're now trading EU again above daily SMA200, let's look some history.
Note that below are focused only on SMA200 and years 2018+.

May 2018, EU went down SMA and never returned.
Day after day, as it tries to approach, it just gets pushed back below.

Attached Image


Not only until June last year where it breaks up but eventually went down.
7 daily candles, distance from SMA to highest around 60 pips.

Attached Image


Next is December last year 'til January of this year then it heads south.
1 month daily candles, distance from SMA to highest around 90 pips.

Attached Image


And of course, 2 instances last March with the Corona event.

12 daily candles, distance from SMA to highest around 400 pips.

Attached Image


2 daily candles, distance from SMA to highest around 60 pips.

Attached Image


Since last week, today is the 4th daily candle above, distance from SMA to highest so far around 100 pips.

Attached Image


You decide what does above say.
SMA today around 1010, I'll probably make both long and a short if we touch this area.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #65,843
  • Edited 11:27pm May 31, 2020 11:15pm | Edited 11:27pm
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...
yeah, 4h 1145 is fragile at best. 1h is 1140.. The longs have increased from 30 to 32. Still some upward pressure. the last 1h red engulfed the previous. Nothing real exciting. need - 1121 next h
those who can, do. those who cant, talk about those who can
  • #65,844
  • May 31, 2020 11:17pm May 31, 2020 11:17pm
Quoting gatorinla
{quote} yeah, 4h 1145 is fragile at best. 1h is 1140.. The longs have increased from 30 to 32. the next h below 1129 may be a sign. Still some upward pressure. the last 1h red engulfed the previous. Nothing real exciting.
Yes below 29 first and then below 11098, 43 mins left.


Watching ej, just mover sl to b.e avaun, im sure one could draw a tl intraday and perhaps hourly from friday or so, again no comp so cant see but closes starting in zoomed in tf may start chain reaction

It could be something small, zoomed in always gives tighter entries. Below 1.11328 is a ll with a lh on m5 and also head and shoulders, someone with a dodgy right (or left) shoulder.
  • #65,845
  • May 31, 2020 11:22pm May 31, 2020 11:22pm
Quoting Don96
{quote} Yes below 29 first and then below 11098, 43 mins left. Watching ej, just mover sl to b.e avaun, im sure one could draw a tl intraday and perhaps hourly from friday or so, again no comp so cant see but closes starting in zoomed in tf may start chain reaction It could be something small, zoomed in always gives tighter entries. Below 1.11328 is a ll with a lh on m5 and also head and shoulders, someone with a dodgy right (or left) shoulder
I removed 1129... i must be drunk.. different platforms.. use -1121
those who can, do. those who cant, talk about those who can
  • #65,846
  • May 31, 2020 11:31pm May 31, 2020 11:31pm
Quoting Don96
{quote} Yes below 29 first and then below 11098, 43 mins left. Watching ej, just mover sl to b.e avaun, im sure one could draw a tl intraday and perhaps hourly from friday or so, again no comp so cant see but closes starting in zoomed in tf may start chain reaction It could be something small, zoomed in always gives tighter entries. Below 1.11328 is a ll with a lh on m5 and also head and shoulders, someone with a dodgy right (or left) shoulder.
I feel the small low needs to break, looks like it could wedge/bull flag make it what you will, i think both options can be played with small risk intraday. Im short and holding, half an hour close below 29 is better for me

Quoting gatorinla
{quote} I removed 1129... i must be drunk.. different platforms.. use -1121
I have h4 turns below open at 1.11215 ish?

If they force a close below, it probably usually isnt coincidence. 26 min

Ej 119 58... 30 pips 25 mins, possible... but below 83 may suffice for a small pullback

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
71.6%...

Quoting Don96
{quote} I feel the small low needs to break, looks like it could wedge/bull flag make it what you will, i think both options can be played with small risk intraday. Im short and holding, half an hour close below 29 is better for me {quote} I have h4 turns below open at 1.11215 ish? If they force a close below, it probably usually isnt coincidence. 26 min Ej 119 58... 30 pips 25 mins, possible... but below 83 may suffice for a small pullback {quote} 71.6%...
Meh, i may have double shorts on the wrong pair...

They look to want a higher close h4... usually leads to a higher high... not always


1.11328 held again on small tf... (holding)




H4 got the higher close, it may trigger morr upside... h1 looks like its trying to move downside to me
  • #65,847
  • Jun 1, 2020 12:33am Jun 1, 2020 12:33am
Quoting Don96
{quote} I feel the small low needs to break, looks like it could wedge/bull flag make it what you will, i think both options can be played with small risk intraday. Im short and holding, half an hour close below 29 is better for me {quote} I have h4 turns below open at 1.11215 ish? If they force a close below, it probably usually isnt coincidence. 26 min Ej 119 58... 30 pips 25 mins, possible... but below 83 may suffice for a small pullback {quote} 71.6%... {quote} Meh, i may have double shorts on the wrong pair... They look to want a higher close...
This could be the clearout
  • #65,848
  • Jun 1, 2020 1:09am Jun 1, 2020 1:09am
It seems completely bullish to me above red circles upper is according to m15 lower is h1

am i wrong
Attached Image (click to enlarge)
Click to Enlarge Name: CA5A50D7-C918-43D9-B9FB-345F6DD1B6F8.jpeg Size: 475 KB
  • #65,849
  • Jun 1, 2020 1:12am Jun 1, 2020 1:12am
Quoting Tekin
It seems completely bullish to me above red circles upper is according to m15 lower is h1 am i wrong {image}
no, it bullish.
nothing to sell atm.

but it will go down to retest 1.106 imo, maybe lower. but it can change if price push it higher

i think if price can go back below 1.113 will gave some bearish signs
  • #65,850
  • Jun 1, 2020 1:22am Jun 1, 2020 1:22am
Quoting gatenio
{quote} no, it bullish. nothing to sell atm. but it will go down to retest 1.106 imo, maybe lower. but it can change if price push it higher i think if price can go back below 1.113 will gave some bearish signs
Hope so but doubt it. Stuck short eu already.
  • #65,851
  • Jun 1, 2020 1:24am Jun 1, 2020 1:24am
Quoting DMA Trader
Since I can't get out of GU long I am adding {image}
Morning
have a good trading week


out for + 100

and took also profit on my second add.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 2 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #65,852
  • Jun 1, 2020 1:25am Jun 1, 2020 1:25am
Quoting DMA Trader
{quote} Sold some EG also - nice price. {image}
out + 40
was just one.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 2 KB
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #65,853
  • Jun 1, 2020 1:28am Jun 1, 2020 1:28am
Quoting DMA Trader
{quote} that was a nice entry on GU did not close added another GU Have a great weekend guys and Girl {image}
exit also from the last one in the same price. about + 70 on GU

and close the remaining long. here. - i hould have left 1 open but profit was good

still short on EU and AUD. did not add yet.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #65,854
  • Jun 1, 2020 1:47am Jun 1, 2020 1:47am
Quoting HockMan
{quote} Hope so but doubt it. Stuck short eu already.
your shorts is too low bro,

the 0750 you have, bro.. deeeeep.

i don't know if your account will hold it, i see 1.12+ easy when i look on weekly chart. (hope it will)
the MAY sell off gave us bullish month

i took my last short at 1.106, i didnt imagine i will hold it with -100 pips.
so i only look to flat it and do rethinking.
last month was the awful month i ever had.
  • #65,855
  • Jun 1, 2020 1:53am Jun 1, 2020 1:53am
https://www.express.co.uk/news/world...atest-news/amp

Quoting jaylovin
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
Eurusd target hit
Cadjpy target hit
Audusd is still bullish, 68 levels to be watched now, there is a gap somewhere up there.

2 mock trade targets remain

Eurjpy - 121.05
Gbpjpy - 135.00

Eurusd even though struggling somewhat, 1.13 levels can't be ruled out.
  • #65,856
  • Jun 1, 2020 2:02am Jun 1, 2020 2:02am
Good morning, from Newsquawk....EurUsd ,,,1.1136 atm
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 74 KB
  • #65,857
  • Jun 1, 2020 2:06am Jun 1, 2020 2:06am
ES futures back at highs where we closed Friday
so riots had no impact just a little gap down now we are back up to highs.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #65,858
  • Jun 1, 2020 2:10am Jun 1, 2020 2:10am
Quoting Boulder
Good morning, from Newsquawk....EurUsd ,,,1.1136 atm {image}
It should slowly push downward to setup..
  • #65,859
  • Jun 1, 2020 2:14am Jun 1, 2020 2:14am
Quoting Boulder
Good morning, from Newsquawk....EurUsd ,,,1.1136 atm {image}
all lower than atm pa.
those who can, do. those who cant, talk about those who can
  • #65,860
  • Jun 1, 2020 2:21am Jun 1, 2020 2:21am
Quoting gatorinla
{quote} I removed 1129... i must be drunk.. different platforms.. use -1121
at 3 est close 1121 would be ok..
those who can, do. those who cant, talk about those who can
101 traders viewing now, 2 are registered:
paopao
,