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The Swamp

  • #66,061
  • Jun 2, 2020 7:57am Jun 2, 2020 7:57am
Quoting jaylovin
{quote} Gbpjpy - 135.00 target hit. Remaining one mock trade long target: Eurjpy - 121.05

eurjpy target hit 121.05

jeez if only I took these trades for real.. Would have been shy of 500 pips in less then 2 days... anyways the system still has influence so will wait for further signals to appear.
  • #66,062
  • Jun 2, 2020 8:07am Jun 2, 2020 8:07am
Quoting thelws
There's no trigger to short eurusd. At this rate it will continue to go up. Probably a chance will come on thursday when ecb speaks. For now it seems like it will slowly creep up. It has already ignored china's trade news and riots in US. The only indicator I can trust right now is price action.
it is exactly at this point when nobody sees any reason for EUR to go down that a reversal is possible.
A few weeks ago nobody wanted to take any long because an price action was all in for shorts
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,063
  • Jun 2, 2020 8:13am Jun 2, 2020 8:13am
Quoting DMA Trader
{quote} it is exactly at this point when nobody sees any reason for EUR to go down that a reversal is possible. A few weeks ago nobody wanted to take any long because an price action was all in for shorts
I'm not saying that it won't go down. I personally think the upmove is overdone. There has to be a pullback of some sort for people to reload if they want to.

But nobody is going to initiate the sell off unless there's a trigger.

At first I thought that trigger would be china's hk. But market ignored that.
Then I thought it was China halting soy purchases. But market ignored that.
Then I thought riots would do something. But market ignored that too.

At this point there's no reason to be short. Maybe we will see some shorts tomorrow in preparation for ecb talk. But right now all I can see is higher high and higher low.
  • #66,064
  • Jun 2, 2020 8:15am Jun 2, 2020 8:15am
Quoting DMA Trader
{quote} here we go with important levels on all assets. keep in mind most of retail is short RISK this was my most important idea in the last weeks looking at every stops on futures after market hours or premarket most of the moves were into big highs. and stops so now i think at this week COT report we will get a more balance view. some big money closing position on longs and retail will probably close more shorts. that doesn mean we go down but at least we are getting the move COT implied. so imho this moves are now balanced and risk of huge move...
i usually don' post material that i pay to get
however i've seen this going public

so another idicator that on the short term some pullback in Risk is ... possible and healthy
Attached Image (click to enlarge)
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,065
  • Jun 2, 2020 8:20am Jun 2, 2020 8:20am
Quoting DMA Trader
{quote} i usually don' post material that i pay to get however i've seen this going public so another idicator that on the short term some pullback in Risk is ... possible and healthy {image}
The guys in my office has been talking about a collapse of risk for almost 2 months now. But market kept going higher. And again... there's no trigger to risk off.

Something has to happen for market to change it's mind.
  • #66,066
  • Jun 2, 2020 8:24am Jun 2, 2020 8:24am
Quoting mars1
{quote} I see you getting brave
Momentum eu is still strong. Just hope my ac will hold.
  • #66,067
  • Jun 2, 2020 8:25am Jun 2, 2020 8:25am
Quoting thelws
{quote} The guys in my office has been talking about a collapse of risk for almost 2 months now. But market kept going higher. And again... there's no trigger to risk off. Something has to happen for market to change it's mind.
I look at it reverse to that. The powers that be, don't know who they are, don't care, already know what they want to happen in the market and at what levels. They will use a piece of news to get to those levels if they can. It's not a huge difference in thinking.
  • #66,068
  • Jun 2, 2020 8:27am Jun 2, 2020 8:27am
Quoting HockMan
{quote} Momentum eu is still strong. Just hope my ac will hold.
Tell me you didn't sit there like the house at the side of the road letting it go against you? Without you at least trying to scalp along the way in the opposite direction say at half size in case the scalps got caught?
  • #66,069
  • Jun 2, 2020 8:28am Jun 2, 2020 8:28am
Quoting HockMan
{quote} Momentum eu is still strong. Just hope my ac will hold.
I would read this over and over again until it sinks in, traders and academy’s swear by this skill set for good reason... all the best

https://alpari.com/en/beginner/artic...nagement-tips/
  • #66,070
  • Jun 2, 2020 8:31am Jun 2, 2020 8:31am
Quoting swd
{quote} Tell me you didn't sit there like the house at the side of the road letting it go against you? Without you at least trying to scalp along the way in the opposite direction say at half size in case the scalps got caught?
Try to long eu and lock my shorts but not helping. So i am just sitting atm. Tks.
  • #66,071
  • Jun 2, 2020 8:40am Jun 2, 2020 8:40am
Quoting HockMan
{quote} Try to long eu and lock my shorts but not helping. So i am just sitting atm. Tks.
why not helping?
  • #66,072
  • Jun 2, 2020 8:43am Jun 2, 2020 8:43am
Quoting gatenio
{quote} why not helping?
If long atm, eu has to up 600 pips as my shorts already few hundreds in red. And if long dont go up strong, got stuck in short n long. Sorry my english not cery good. Tks.
  • #66,073
  • Jun 2, 2020 8:44am Jun 2, 2020 8:44am
Quoting HockMan
{quote} Momentum eu is still strong. Just hope my ac will hold.
Well if you have a large account with small lots then the 400 pips might work. Boulder only put in a 3 pip sl. So hardly any risk even if he loses that trade.
  • #66,074
  • Jun 2, 2020 8:46am Jun 2, 2020 8:46am
This is nuts,, I took a nap.. EJ went up another 80 pips....158 adr atm...
EJ Short one here 121.1 with 20 pips stop.. TP open
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  • #66,075
  • Jun 2, 2020 8:47am Jun 2, 2020 8:47am
Quoting Boulder
This is nuts,, I took a nap.. EJ went up another 80 pips....158 adr atm... EJ Short one here 121.1 with 20 pips stop.. TP open {image}
still using 25 lots per trade?
  • #66,076
  • Jun 2, 2020 8:49am Jun 2, 2020 8:49am
Quoting mars1
{quote} Well if you have a large account with small lots then the 400 pips might work. Boulder only put in a 3 pip sl. So hardly any risk even if he loses that trade.
Atm no big ac. I only trade small lots per trade. Used to trade big but lost all. No more balls. Even atm small lots are hurting. Tks.
  • #66,077
  • Jun 2, 2020 8:53am Jun 2, 2020 8:53am
Quoting Don96
{quote} 81 may give an entry, if so, lower hourly closes may eventually give 68 as an entry on retrace, 28 as support?
Trying to close hourly above prvious hour
  • #66,078
  • Jun 2, 2020 8:53am Jun 2, 2020 8:53am
EurJpy data points atm.... next to print 121.40 if bulls have it..... of course it has cleared all my today up levels,,,

MP R2 ----------121.40
WP R2 ----------120.65
RU R3 ----------120.36
DP R3 ----------120.28
MP R1 ----------120.11
RU R2 ----------120.11
DP R2 ----------120.07
WP R1 ----------119.98
RU R1 ----------119.96
DP R1 ----------119.94
DP PP ----------119.73
RU S1 ----------119.66
DP S1 ----------119.52
  • #66,079
  • Jun 2, 2020 8:55am Jun 2, 2020 8:55am
Quoting Boulder
This is nuts,, I took a nap.. EJ went up another 80 pips....158 adr atm... EJ Short one here 121.1 with 20 pips stop.. TP open {image}
EJ move stop loss to 121.41 .. MP R2 level.....30 pips stop
  • #66,080
  • Jun 2, 2020 8:59am Jun 2, 2020 8:59am
Quoting Boulder
{quote} EJ move stop loss to 121.41 .. MP R2 level.....30 pips stop
Difficult to short as eu is atrong
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