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The Swamp

  • #67,241
  • Jun 10, 2020 1:50pm Jun 10, 2020 1:50pm
Quoting kuroro001
{quote} Long time no see How's life? trading good?
I pop in every now and then- my mofu trading is automated so I don't follow it much, nor pop in much unless shit hits the fan (all of 2020 haha)

Starting a business, and working my slave job as well. Lots to keep me busy, trying to avoid rioters and protesters as best I can.

How about you?
  • #67,242
  • Jun 10, 2020 1:57pm Jun 10, 2020 1:57pm
Quoting Pharm0r
{quote} I pop in every now and then- my mofu trading is automated so I don't follow it much, nor pop in much unless shit hits the fan (all of 2020 haha) Starting a business, and working my slave job as well. Lots to keep me busy, trying to avoid rioters and protesters as best I can. How about you?
Haha yes 2020 is crazy
But glad you are doing and going well

I'm good so far, i'm more involved into commodities (ETF), invest in it, and wait and relax
Forex is to get out of boredom on a daily basis
COT: The precious data ignored
  • #67,243
  • Jun 10, 2020 2:01pm Jun 10, 2020 2:01pm
Bought some EU at 1.1385, we'll see if it will continue its bull run at least until 1.146
  • #67,244
  • Jun 10, 2020 2:04pm Jun 10, 2020 2:04pm
Still dancing
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #67,245
  • Jun 10, 2020 2:17pm Jun 10, 2020 2:17pm
1359 or something is not hoog for me.
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #67,246
  • Jun 10, 2020 2:21pm Jun 10, 2020 2:21pm
Quoting gatorinla
{quote} let me take another shot.. the lower lc indicated it would test the lower area. That occurred before lc. .The low being 1342. The close being slightly higher means. The moment of close, it was already testing the low. You want the close to have enough distance, to cover the risk. I dont want to trade in front Fed. 1365/89 may be a short. But Like I said. The close tested the low. Sure it may do it again. Fed news makes it more of a gamble.
luckily it did work. I dont think it was worth the risk
those who can, do. those who cant, talk about those who can
  • #67,247
  • Jun 10, 2020 2:33pm Jun 10, 2020 2:33pm
I still think its bullish.. week R 1 is 1417.. So lets take the bear view or anti bull view. We need to know where things may change. A NY close below 1340, better 1337 would concern my view. Bulls need to continue holding 1390. A slide down will increase longs. Helping the canoe affect.
those who can, do. those who cant, talk about those who can
  • #67,248
  • Jun 10, 2020 3:09pm Jun 10, 2020 3:09pm
Quoting gatorinla
I still think its bullish.. week R 1 is 1417.. So lets take the bear view or anti bull view. We need to know where things may change. A NY close below 1340, better 1337 would concern my view. Bulls need to continue holding 1390. A slide down will increase longs. Helping the canoe affect.
1390 held. unlikely to take out 1340 this last h. Time will tell. More likely to retest tl.
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those who can, do. those who cant, talk about those who can
  • #67,249
  • Jun 10, 2020 3:26pm Jun 10, 2020 3:26pm
3 days of waiting I can finally put in a sell *dancing*
Inserted Video
  • #67,250
  • Jun 10, 2020 3:30pm Jun 10, 2020 3:30pm
Quoting jshear
{quote} I think things can change for you positively after FED tomorrow. I think today may be the top before FOMC. I hope for you and others it is. Wishing you and others well. Cheers Jeff


Glad to see Boulder that the euro came off it’s high’s today. Hope you are well and not too effected. Wishing you and others who are short a much lower euro in the coming weeks. It seems today’s spike high was a bull trap.Going into today I did feel today would be the top as per my posts the last few days. At one point while Chairman Powell was speaking I was concerned that the earlier spike high would be taken out.

Cheers

Jeff
I EAT PIPS
  • #67,251
  • Jun 10, 2020 3:35pm Jun 10, 2020 3:35pm
i need EU to break below 1.1320
and AU below 6933

Stop at BE on EU as it was a bad entry - if it gets hit, i will re enter... i was expecting 1.1433 to hit and it did so i am playing it cautiously.

AU also at BE, free trades all round
  • #67,252
  • Edited 3:53pm Jun 10, 2020 3:38pm | Edited 3:53pm
still manage my trades.. traded some lower shorts for higher shorts at 1.14s..booked some to minimize lower risk..
...
  • #67,253
  • Jun 10, 2020 3:44pm Jun 10, 2020 3:44pm
Quoting Boulder
still manage my trades.. traded some lower shorts for higher shorts at 1.14s..booked already to minimize lower risk.. ... {image}

Wow sorry to hear that you had to suffer a big loss doing so. I hope you make it all back soon.


Cheers

Jeff
I EAT PIPS
  • #67,254
  • Jun 10, 2020 3:52pm Jun 10, 2020 3:52pm
Quoting jshear
{quote} Wow sorry to hear that you had to suffer a big loss doing so. I hope you make it all back soon. Cheers Jeff
not much.. bigger positions on the top.. all worked out...
  • #67,255
  • Jun 10, 2020 3:52pm Jun 10, 2020 3:52pm
Price has been rejected by LIBOR Its a done deal. Enjoy the next 2 weeks.
one more bounce off of 1378 this will begin dropping slowly
  • #67,256
  • Jun 10, 2020 4:09pm Jun 10, 2020 4:09pm
Quoting q_import
Price has been rejected by LIBOR Its a done deal. Enjoy the next 2 weeks. one more bounce off of 1378 this will begin dropping slowly
would you please explain that concept by show and tell? thanks
  • #67,257
  • Jun 10, 2020 4:12pm Jun 10, 2020 4:12pm
another green day.. 1 month average range reached. week R 1. A test of 1340/32 and less may be a buy. 1332 support needs to hold. Or retrace may be deeper. 1h bearish engulfed. Bias bullish cautious, with little retrace since rise. 20 more days to go in the month, with a spent average range. Some retrace could flip the canoe with new buys. Once it flips, the bottom falls out.
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those who can, do. those who cant, talk about those who can
  • #67,258
  • Jun 10, 2020 4:22pm Jun 10, 2020 4:22pm
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  • #67,259
  • Jun 10, 2020 4:33pm Jun 10, 2020 4:33pm
Quoting Boulder
{quote} would you please explain that concept by show and tell? thanks
Its just the agreed price to loan money before the US session to banks around the world. As for show I will compile some charts just for you across all pairs and commodities.
Most of the time the price level is resitance or support in asian.. When FOMC or ECB important matter its a reference point of price. It doesnt matter whats talked about its about what the banks agree to help with..
Example if a friend buys a car and brags about how amazing it will be but forgets to talk about the interest rate and the payments that make him broke weekly.
  • #67,260
  • Jun 10, 2020 4:56pm Jun 10, 2020 4:56pm
gy has tapped important support 136 50 do or die for both bull or bear
If you are new to Forex? Say Goodbye to your account!!
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