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The Swamp

  • #66,761
  • Jun 8, 2020 1:22am Jun 8, 2020 1:22am
Quoting gatorinla
{quote} 1h and 4h closed lower, bearish into 1285 support. need a-1285 close for me.
this area is very strong. acting like big support

morning
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,762
  • Jun 8, 2020 2:06am Jun 8, 2020 2:06am
Morning guys,

Lets see a long usdcad 3430 and see where it goes
COT: The precious data ignored
  • #66,763
  • Jun 8, 2020 2:09am Jun 8, 2020 2:09am
Quoting DMA Trader
{quote} this area is very strong. acting like big support morning
so 1.128 big support on EU H4(my system) but that's the line in the sand.
i woul be carefull at first at a fake break

Looking to short. still short from lower prices. did not add last week at the end . missing in action
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,764
  • Jun 8, 2020 2:10am Jun 8, 2020 2:10am
Quoting kuroro001
Morning guys, Lets see a long usdcad 3430 and see where it goes
i am looking also on WTI - i was talking on another thread about a box/range to top limit at 40. so e got that last night

most of the economies are reporting running at 80% capacity so if we go forward looking assets prices should reflect now full open economies.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,765
  • Jun 8, 2020 2:19am Jun 8, 2020 2:19am
Quoting kuroro001
Morning guys, Lets see a long usdcad 3430 and see where it goes
very nice monthly support here so. should work for a move.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,766
  • Jun 8, 2020 2:28am Jun 8, 2020 2:28am
Quoting DMA Trader
{quote} very nice monthly support here so. should work for a move.
I may join you building up a position starting small but only if w e get a h1 close aboe 1344 or if we go beloe 1.34 like another 50p drop. i woul keep the position since now monthly support is here.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,767
  • Jun 8, 2020 2:48am Jun 8, 2020 2:48am
Quoting kuroro001
Morning guys, Lets see a long usdcad 3430 and see where it goes
good potential for decent trade, daily double bottom could? be in place wont know until todays close
If you are new to Forex? Say Goodbye to your account!!
  • #66,768
  • Jun 8, 2020 2:48am Jun 8, 2020 2:48am
Quoting DMA Trader
{quote} i am looking also on WTI - i was talking on another thread about a box/range to top limit at 40. so e got that last night most of the economies are reporting running at 80% capacity so if we go forward looking assets prices should reflect now full open economies.
Yes, its possible to see oil at full upside but 40/41 may be temporary top
Overall i see 55/60 maybe higher

The thing i don't like with usdcad is the downside gaps, i know its a retail trap but its always filled (it may takes time but it gets filled)
next one is 3230, so close and so far
COT: The precious data ignored
  • #66,769
  • Jun 8, 2020 2:53am Jun 8, 2020 2:53am
Quoting KiwiTrada
{quote} good potential for decent trade, daily double bottom could? be in place wont know until todays close

Yes i start to build for a retrace but reversal i doubt it
+ plenty of hidden bullish div on lower tf on the way, but h4 i don't like
COT: The precious data ignored
  • #66,770
  • Jun 8, 2020 2:55am Jun 8, 2020 2:55am
Inserted Video
don't predict direction, but dance with flow of water
  • #66,771
  • Jun 8, 2020 3:39am Jun 8, 2020 3:39am
Quoting DMA Trader
{quote} so 1.128 big support on EU H4(my system) but that's the line in the sand. i woul be carefull at first at a fake break Looking to short. still short from lower prices. did not add last week at the end . missing in action
last h close bullish
now this h bearish but it's nbot closed so let's see next 23 minutes for 1.13 or below.
imo same thing as friday . until we close below 1.127 no reason to add to my short.

i may hedge to some longs. but move was big so far so i may be late to the party also have a lot of meetings for restarting here.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,772
  • Jun 8, 2020 3:45am Jun 8, 2020 3:45am
still too many sellers
Attached Image (click to enlarge)
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  • #66,773
  • Jun 8, 2020 3:48am Jun 8, 2020 3:48am
Quoting Tekin
still too many sellers {image}
Still space left on the upside for the euro

But cad/nzd/aud look limited

Attached Image

Numbers are % bullishness
COT: The precious data ignored
  • #66,774
  • Jun 8, 2020 4:08am Jun 8, 2020 4:08am
lets see if the h4 div plays out, else 3360 next support

Attached Image
COT: The precious data ignored
  • #66,775
  • Jun 8, 2020 4:18am Jun 8, 2020 4:18am
Goodmorning everyone, EU can’t break support so far. I scalped one long during LO. I have two possible scenario’s. Either price breaks support, retest it and I short it for the big coming correction. Or price breaks resistance at DPP (1,1317) and retest the high of last week. Either way I am good. I closed 50% of my short position from far below. The other half may run 4 ever hahah. Took the loss, no problem.

Green pips to everyone and have a nice and peaceful trading week!
  • #66,776
  • Jun 8, 2020 4:48am Jun 8, 2020 4:48am
Quoting kuroro001
{quote} Yes, its possible to see oil at full upside but 40/41 may be temporary top Overall i see 55/60 maybe higher The thing i don't like with usdcad is the downside gaps, i know its a retail trap but its always filled (it may takes time but it gets filled) next one is 3230, so close and so far
got into this one small just starting
if it goes up i am adding above 1.344 h1 close
if it goes down i am adding every 30-50 pips. and hold them

position small again. i am already exposed on EU on a lelvel that another 100-200 pips up will make me uncomfortable.
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
  • #66,777
  • Jun 8, 2020 4:51am Jun 8, 2020 4:51am
Quoting KiwiTrada
good potential for short nu gu & gy?? weekly and daily charts
gu gy starting to push nu little tardy
If you are new to Forex? Say Goodbye to your account!!
  • #66,778
  • Jun 8, 2020 5:11am Jun 8, 2020 5:11am
Good morning, from newsqawk.. Eur 1.1293 atm..
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  • #66,779
  • Jun 8, 2020 5:13am Jun 8, 2020 5:13am
Quoting DMA Trader
{quote} got into this one small just starting if it goes up i am adding above 1.344 h1 close if it goes down i am adding every 30-50 pips. and hold them position small again. i am already exposed on EU on a lelvel that another 100-200 pips up will make me uncomfortable. {image}
I'm adding too, but only for retrace towards 3550 more or less
Because i'm super bullish oil, i don't know how it'll affect the loonie

And looking at the downside for GU
COT: The precious data ignored
  • #66,780
  • Jun 8, 2020 5:24am Jun 8, 2020 5:24am
EU 6/8/2020 trading levels,, next to print 1277 or 1348

DP R2 ----------1.1382
WP R1 ----------1.1366
DP R1 ----------1.1357
RU R2 ----------1.1348
RU R1 ----------1.1319
DP PP ----------1.1317
DP S1 ----------1.1277
RU S1 ----------1.1261
WP PP ----------1.1258
DP S2 ----------1.1252
MP R2 ----------1.1240
RU S2 ----------1.1232
DP S3 ----------1.1212
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