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The Swamp

  • #66,201
  • Jun 2, 2020 10:51pm Jun 2, 2020 10:51pm
Quoting Mitiblotch
{quote} Overbought?
The banks are dropping massive amounts of contracts causing extreme spikes then it levels out and the breakout strategy no longer works.
Thats when gatorlina, you, and others I follow stragegies come into play an work wonderfully
  • #66,202
  • Jun 2, 2020 11:01pm Jun 2, 2020 11:01pm
turned on short grid. bed time.
those who can, do. those who cant, talk about those who can
  • #66,203
  • Edited 2:55am Jun 3, 2020 12:08am | Edited 2:55am
Quoting gatorinla
turned on short grid. bed time.
checking this 4h roll. Longs may be best from 1040, 0992, 0969, 0922. 08xx, 07xx test.eu tasted the 1208/09 R. Ej near 121.84. The candles on eu or ej haven't flipped yet. Bullish into Resistance atm. eu has some stronger R 122x and 1243 it may miss. I post that in case of being wrong. 122.01 on ej... Dont hold, or even trade. Without the concept of trades dont always work. Those are the outs. Beyond them, all bets are off.

back to bed, alarms set. out on a limb tonight. This looks toppish. eu high atm 1211. ej 121.80.

AJ 76.13 area may top.
those who can, do. those who cant, talk about those who can
  • #66,204
  • Jun 3, 2020 12:44am Jun 3, 2020 12:44am
Just a bit... Make or break. 1,1240. I really thought bulls couldn’t do this when they bounced from 1,0870. I had this in mind, but I thought it couldn’t happen because of the Euro weakness. I will short heavier on that 1,1237/45 area. Last man standing for the bears, or else we may say hi to 1,1380.
  • #66,205
  • Jun 3, 2020 1:30am Jun 3, 2020 1:30am
Quoting gellowmellow
Since we're now trading EU again above daily SMA200, let's look some history.
+ some statistics from previous 100 daily candles (Jan-'til yesterday), might help picking the top or positioning reversal trades.
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Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #66,206
  • Jun 3, 2020 1:56am Jun 3, 2020 1:56am
Good Morning!

Today's S/R Levels on MT4 Templates

EURO
EURO PINK

https://www.forexfactory.com/showthr...5#post12979415
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #66,207
  • Jun 3, 2020 2:26am Jun 3, 2020 2:26am
1.222 looks to be taken out. After this im seeing 1365 on chart. Any comments/view will be appreciated
  • #66,208
  • Jun 3, 2020 2:29am Jun 3, 2020 2:29am
Drop is coming I have all day.
  • #66,209
  • Jun 3, 2020 2:38am Jun 3, 2020 2:38am
Good morning.. from Newsqawk,, Eur 1.1215 atm
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  • #66,210
  • Jun 3, 2020 2:44am Jun 3, 2020 2:44am
Quoting mars1
1.222 looks to be taken out. After this im seeing 1365 on chart. Any comments/view will be appreciated
IF you disregard the corona-swings in march the last lower high is 1.1239. If that's taken out then we might target 1.1448 which is the 2017 midway. Or 1.1596 which is half of the 2yr bear. So it seems to me that both bulls and bears want this to go higher. I see a lot of pain already because there was no significant correction in the last 2 weeks but a bullish correction is also overdue for the last 2 years.
  • #66,211
  • Jun 3, 2020 2:44am Jun 3, 2020 2:44am
Eur datapoint atm... very close to weekly stop..
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  • #66,212
  • Jun 3, 2020 2:45am Jun 3, 2020 2:45am
Quoting Maroc-Ismail
Drop is coming I have all day.
feeling the same....or just started...
  • #66,213
  • Jun 3, 2020 2:48am Jun 3, 2020 2:48am
Quoting xav
{quote} IF you disregard the corona-swings in march the last lower high is 1.1239. If that's taken out then we might target 1.1448 which is the 2017 midway. Or 1.1596 which is half of the 2yr bear. So it seems to me that both bulls and bears want this to go higher. I see a lot of pain already because there was no significant correction in the last 2 weeks but a bullish correction is also overdue for the last 2 years.
Exactly. And that 1,1239 is going to be a pain in the ass. I am sure of it! Considering GU also at resistance, they both might drop today. GU I am not sure though, I am focussed on EU only these days.
  • #66,214
  • Edited 3:07am Jun 3, 2020 2:49am | Edited 3:07am
No Risk
S/O
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A good trader follows his rules, but great trader knows when to break them
  • #66,215
  • Jun 3, 2020 2:51am Jun 3, 2020 2:51am
6/2/2020 EU trading levels.. next to print 1240 or 1160

RU R3 ----------1.1249
DP R3 ----------1.1241
MP R2 ----------1.1240
RU R2 ----------1.1212
WP R2 ----------1.1211
DP R2 ----------1.1210
DP R1 ----------1.1191
RU R1 ----------1.1190
DP PP ----------1.1160
MP R1 ----------1.1151
WP R1 ----------1.1146
RU S1 ----------1.1145
  • #66,216
  • Jun 3, 2020 2:52am Jun 3, 2020 2:52am
Quoting Boulder
{quote} feeling the same....or just started...
Yes, M15 engulfed. Bears are going to hold your weekly stop with everything they have. Everything in my analysis comes together at 1,1240 and when I see your number, it only convinces me more. I know I am trading against the trend, but we got our reasons.
  • #66,217
  • Jun 3, 2020 2:54am Jun 3, 2020 2:54am
Quoting gatorinla
{quote} checking this 4h roll. Longs may be best from 1040, 0992, 0969, 0922. 08xx, 07xx test.eu tasted the 1208/09 R. Ej near 121.84. The candles on eu or ej haven't flipped yet. Bullish into Resistance atm. eu has some stronger R 122x and 1243 it may miss. I post that in case of being wrong. 122.01 on ej... Dont hold, or even trade. Without the concept of trades dont always work. Those are the outs. Beyond them, all bets are off. back to bed, alarms set. out on a limb tonight. This looks toppish. eu high atm 1211. ej 121.80. AJ 76.13 area may...
stress test on ej

I typo earlier 122.01 not 121.01
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those who can, do. those who cant, talk about those who can
  • #66,218
  • Jun 3, 2020 2:55am Jun 3, 2020 2:55am
I find it funny though when price is trending in a certain direction most of the ff members totally forget the other side. I haven’t read 1,08 or 1,07 for some time in a post, lol.

Maybe I shouldn’t say this, but my longer term target is still 1,03. So, don’t miss out selling these high levels if you are a a swing trader.
  • #66,219
  • Jun 3, 2020 2:57am Jun 3, 2020 2:57am
my view

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  • #66,220
  • Jun 3, 2020 2:58am Jun 3, 2020 2:58am
Quoting gatorinla
{quote} stress test on ej I typo earlier 122.01 not 121.01 {image}
This unstoppable EurJpy drives EurUsd up...probably because whole stock markets are up.....
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