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The Swamp

  • #66,461
  • Jun 4, 2020 6:44am Jun 4, 2020 6:44am
Quoting kuroro001
{quote} Indeed its not a good situation for the bears But h1 has such a massive bearish div, its still active, its rare to see such thing lasting that long without a deep correction IMO, this move up is the work of some Central banks. Looking at it, every dips and even tops are bought, until its not then it will be a free fall Above 1183 is all for the bulls this week, below it could be interesting
And btw that's why I hate trading divergence.. You know it is going to drop, but the question is when? If you can figure that out in trading, you have the key. I will load a shit ton of sell orders when I see this thing below 1,1183 again..
  • #66,462
  • Jun 4, 2020 6:45am Jun 4, 2020 6:45am
Quoting gatorinla
{quote} I wont take a short w/o a sign. 1362/65 I may look. A close Friday -1241 may help bears. 8 green day candles were rare..
Definately rare. But with this virus pandemic everything is rare
  • #66,463
  • Jun 4, 2020 6:47am Jun 4, 2020 6:47am
EU shorted 1260...with 40 pips stop ... will add....
  • #66,464
  • Jun 4, 2020 6:49am Jun 4, 2020 6:49am
Quoting Maroc-Ismail
{quote} And btw that's why I hate trading divergence.. You know it is going to drop, but the question is when? If you can figure that out in trading, you have the key. I will load a shit ton of sell orders when I see this thing below 1,1183 again..
Thing is you have bearish divergences, like very massive one, and inside it you have hidden bullish ones.

I guess the key here would be to wait for the market to drop, wait for a retrace with an hidden bearish div, and short that.

For now, i'm sure ECB is bidding the market like there is no tomorrow but it won't last
COT: The precious data ignored
  • #66,465
  • Jun 4, 2020 6:51am Jun 4, 2020 6:51am
Quoting gatorinla
{quote} I wont take a short w/o a sign. 1362/65 I may look. A close Friday -1241 may help bears. 8 green day candles were rare.. I cant take either trade atm. pa 80 pips above 1194 in the higher range of average. I should had longed it at 1194 support. I figured 8 days wasn't going to happen. My bad, I thought -1193 was coming.
will see LC then decide
A good trader follows his rules, but great trader knows when to break them
  • #66,466
  • Jun 4, 2020 6:52am Jun 4, 2020 6:52am
Quoting Boulder
EU shorted 1260...with 40 pips stop ... will add....
Wow 40 pip stop. Thats alot. But i am sure you have already calculated it
  • #66,467
  • Jun 4, 2020 6:54am Jun 4, 2020 6:54am
Quoting ill_be_back
{quote} will see LC then decide
Yeah, a sign... Still need the 1193 close.. its higher now.. I will post if it drops.
those who can, do. those who cant, talk about those who can
  • #66,468
  • Jun 4, 2020 7:03am Jun 4, 2020 7:03am
Quoting mars1
{quote} Wow 40 pip stop. Thats alot. But i am sure you have already calculated it
I only take 25..at 1285
  • #66,469
  • Jun 4, 2020 7:06am Jun 4, 2020 7:06am
Quoting ill_be_back
{quote} will see LC then decide
I'm not trading it. .. the 1277/90 has a few things..
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those who can, do. those who cant, talk about those who can
  • #66,470
  • Jun 4, 2020 7:06am Jun 4, 2020 7:06am
Quoting jaylovin
{quote} 1.1280 isn't the number we deserve, but the one we need
Okay so this hit. The question is whether it holds.

I took a short at 1.1274 here
  • #66,471
  • Jun 4, 2020 7:14am Jun 4, 2020 7:14am
Quoting gatorinla
{quote} I'm not trading it. .. the 1277/90 has a few things.. {image}
I had 3 reasons to trade 1277/90.. if It was with trend, i would short. 80 pips off 1194. 8 days are rare. fib 1289.5. I didnt take.
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those who can, do. those who cant, talk about those who can
  • #66,472
  • Jun 4, 2020 7:19am Jun 4, 2020 7:19am
Looks like 1.14 coming soon, hard to believe
COT: The precious data ignored
  • #66,473
  • Jun 4, 2020 7:20am Jun 4, 2020 7:20am
Quoting kuroro001
{quote} What does it mean?
it means she is in trades from 500 pips below
  • #66,474
  • Jun 4, 2020 7:20am Jun 4, 2020 7:20am
I don't know guys why you're so in a hurry to short with such a beautiful trend...

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Simplicity is the Ultimate Sophistication.
  • #66,475
  • Jun 4, 2020 7:24am Jun 4, 2020 7:24am
Quoting fx2022
{quote} it means she is in trades from 500 pips below
You may be lost in the wrong place.
those who can, do. those who cant, talk about those who can
  • #66,476
  • Jun 4, 2020 7:27am Jun 4, 2020 7:27am
Quoting fx2022
{quote} it means she is in trades from 500 pips below
You aren't helping yourself here, believe me.
  • #66,477
  • Jun 4, 2020 7:28am Jun 4, 2020 7:28am
Quoting gatorinla
{quote} I'm not trading it. .. the 1277/90 has a few things.. {image}
OUT with a LOSS
A good trader follows his rules, but great trader knows when to break them
  • #66,478
  • Jun 4, 2020 7:29am Jun 4, 2020 7:29am
I see a top at 1.1330/40 which is the last area for bears to defend before 1.15.
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  • #66,479
  • Jun 4, 2020 7:30am Jun 4, 2020 7:30am
Its heading towards 1785....cutting some losses
COT: The precious data ignored
  • #66,480
  • Jun 4, 2020 7:34am Jun 4, 2020 7:34am
Quoting Boulder
{quote} I only take 25..at 1285
My acct is gone. All gone
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