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The Swamp

  • #66,721
  • Jun 6, 2020 6:28am Jun 6, 2020 6:28am
Quoting Boulder
{quote} regarding to your 'Atm bears dont have a engulfed day.That may come' I happened to read something about that this morning...let wait to see bears can bring it down more next a few days... {image} {image}
12h is bearish (12 h candle engulfed).. but bearish. into 128x support.
those who can, do. those who cant, talk about those who can
  • #66,722
  • Jun 6, 2020 6:49am Jun 6, 2020 6:49am
Okay lets talk EU - me thinks it will edge for one more high... like i said 1.1450 is my line in the sand... i like the 1.1408 and 1.1435... monthly is making an expanding triangle pattern which i expect a move down... Hourly chart imo calls for a trickle upside for one more high or retest then down.... Bear in mind we are in this huge box Range on monthly chart too

But as always, the market needs to show its hands..
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  • #66,723
  • Jun 6, 2020 7:28am Jun 6, 2020 7:28am
Quoting gatorinla
{quote} I'm pretty simple about it. I see the bearish channel (chart). I saw the bears unable to break and hold. The 20 year trend line. I was and still willing to short after 1.128x breaks. But wont ignore what didnt & did happen. Its a support until. I can also see the close above 1241 didnt happen for bears. Last week's lc was higher. Indicative of a return to 1362/138x area next week. What did happen for bulls. It closed above 1241, and 128x. The month/week closed higher. The day closed above the 200 ma. Atm bears dont have a engulfed...
Same sentiments. My H1 bulls already exiting but H4 bulls are intact.
I have been waiting for your 1241 NFP wise, but never happen.

Any H4 close 124x, I'll place my aggressive shorts.
1260 breaks passable as well.
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But atm, my charts still screaming March high or probably 144x.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #66,724
  • Jun 6, 2020 9:19am Jun 6, 2020 9:19am
Quoting gatorinla
{quote} ej can decouple from eu.
I hope it does. Life will make more sense to me.
  • #66,725
  • Jun 6, 2020 9:50am Jun 6, 2020 9:50am
Friday LC was below Thu LC & Friday Daily Close below LC
More DOWN on Monday
Weekly LC Higher
Prolly go to Weekly NORM then UP
Possible Scenario for Monday
SHORT from Friday Norm to weekly Norm (Aqua)
Tue-Wed LONG from Weekly Norm (Peru) for a retest of the High or Higher
Attached Image
A good trader follows his rules, but great trader knows when to break them
  • #66,726
  • Jun 6, 2020 1:55pm Jun 6, 2020 1:55pm
Quoting ill_be_back
Friday LC was below Thu LC & Friday Daily Close below LC More DOWN on Monday Weekly LC Higher Prolly go to Weekly NORM then UP Possible Scenario for Monday SHORT from Friday Norm to weekly Norm (Aqua) Tue-Wed LONG from Weekly Norm (Peru) for a retest of the High or Higher {image}
Excellent chart. Thanks for posting
  • #66,727
  • Edited 5:37pm Jun 6, 2020 5:07pm | Edited 5:37pm
Quoting ill_be_back
Friday LC was below Thu LC & Friday Daily Close below LC More DOWN on Monday Weekly LC Higher Prolly go to Weekly NORM then UP Possible Scenario for Monday SHORT from Friday Norm to weekly Norm (Aqua) Tue-Wed LONG from Weekly Norm (Peru) for a retest of the High or Higher {image}
My near term R is very tight and ranges to 1308. Bears can gap -1280, its just that tight for me. once a close is below 1280. I have a few other potential bounces in a mine field short term 0969 support.. many smaller b4.. I will post as need be Sunday. next below 1280. I could even use -1281.. next below 1280, at 1248 dynamic. I need to recalculate any drop.. 1201 and so forth. I'm too lazy to look at norm atm
those who can, do. those who cant, talk about those who can
  • #66,728
  • Jun 6, 2020 5:11pm Jun 6, 2020 5:11pm
Quoting gatorinla
{quote} My near term R is very tight and ranges to 1308. Bears can gap -1280, its just that tight for me. once a close is below 1280. I have a few other potential bounces in a mine field shot term 0969 support.. many smaller b4.. I will post as need be Sunday. next below 1280. I could even use -1281.. next below 1280, at 1248 dynamic. I need to recalculate any drop.. 1201 and so forth. I'm too lazy to look at norm atm
1126.. No need to look w/o that -1280 close
those who can, do. those who cant, talk about those who can
  • #66,729
  • Jun 6, 2020 5:28pm Jun 6, 2020 5:28pm
Quoting gatorinla
{quote} I'm pretty simple about it. I see the bearish channel (chart). I saw the bears unable to break and hold. The 20 year trend line. I was and still willing to short after 1.128x breaks. But wont ignore what didnt & did happen. Its a support until. I can also see the close above 1241 didnt happen for bears. Last week's lc was higher. Indicative of a return to 1362/138x area next week. What did happen for bulls. It closed above 1241, and 128x. The month/week closed higher. The day closed above the 200 ma. Atm bears dont have a engulfed day. That...
Sometimes I get look to at 1 pair and make a decision with out looking at all the of influencing factors.. When I make those mistakes it hurts
When looking across all pairs with "EUR" in front as the base a different picture begins to come forward.

I am not say im right or wrong. Just that it should be taken into account.
  • #66,730
  • Jun 6, 2020 5:44pm Jun 6, 2020 5:44pm
Quoting q_import
{quote} Sometimes I get look to at 1 pair and make a decision with out looking at all the of influencing factors.. When I make those mistakes it hurts When looking across all pairs with "EUR" in front as the base a different picture begins to come forward. I am not say im right or wrong. Just that it should be taken into account.
I argue for bears and bulls. Then try to make the stronger choice. I want to use the upper channel for a 50% retrace. But atm bears didnt break the first support i use. Bulls have the momentum into R 138x.. The euro is 100 pip whore. The retrace is 100 pips atm. Support or R is commonly overshot or retraces a multiple of 100. Friday high, 1383. Friday low 1277. March high 1491.
those who can, do. those who cant, talk about those who can
  • #66,731
  • Jun 6, 2020 5:55pm Jun 6, 2020 5:55pm
Quoting gatorinla
{quote} I argue for bears and bulls. Then try to make the stronger choice. I want to use the upper channel for a 50% retrace. But atm bears didnt break the first support i use. Bulls have the momentum into R 138x.. The euro is 100 pip whore. The retrace is 100 pips atm. Support or R is commonly overshot or retraces a multiple of 100.
The more I read the more I agree with you on so many level.
  • #66,732
  • Jun 6, 2020 6:23pm Jun 6, 2020 6:23pm
Quoting q_import
{quote} The more I read the more I agree with you on so many level.
as simple as it gets.

new 06xx low retraced to fib b4 the 1491 high... it retraces to one below.. not a whole lot to get exited about. Market makers want to screw the bears with as much pain as possible.. later they will do the same with the bulls..
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those who can, do. those who cant, talk about those who can
  • #66,733
  • Jun 6, 2020 6:39pm Jun 6, 2020 6:39pm
Quoting gatorinla
{quote} I wouldn't buy it... I rather hold small shorts (usd/mex) on rise, for the future. Years down the road.
I think several million was missed for some swamp regulars on this trade. usd/mex. One may be able to hold for years with the swap.
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those who can, do. those who cant, talk about those who can
  • #66,734
  • Jun 6, 2020 6:43pm Jun 6, 2020 6:43pm
Quoting gatorinla
if anyone wants to short silver. Your chance is here. 16.41 or 14.95 at current high is target. S anytime till above R.18.62 19.26.. {image}
Silver making a nice move. near 8% drop. Way more then eu move. 4 day move.
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those who can, do. those who cant, talk about those who can
  • #66,735
  • Jun 7, 2020 4:12am Jun 7, 2020 4:12am
Quoting gatorinla
{quote} I think several million was missed for some swamp regulars on this trade. usd/mex. One may be able to hold for years with the swap. {image}
........ if only i would have left that open ............
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,736
  • Jun 7, 2020 9:23am Jun 7, 2020 9:23am
Quoting mars1
Didnt realise i accidently changed lot to 80. If it went bad i would have got bashed hard{image}
don't worry, you can always open another demo account
  • #66,737
  • Jun 7, 2020 11:06am Jun 7, 2020 11:06am
relax before new trading week..
Inserted Video
  • #66,738
  • Jun 7, 2020 11:33am Jun 7, 2020 11:33am
Quoting Boulder
relax before new trading week.. https://youtu.be/0RF1mXxAhys
Some classical music for you
Inserted Video
those who can, do. those who cant, talk about those who can
  • #66,739
  • Jun 7, 2020 11:47am Jun 7, 2020 11:47am
Quoting gatorinla
{quote} Some classical music for you https://www.youtube.com/watch?v=pAgnJDJN4VA
  • #66,740
  • Jun 7, 2020 4:22pm Jun 7, 2020 4:22pm
EU shorted 1301
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