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The Swamp

  • #67,261
  • Jun 10, 2020 4:59pm Jun 10, 2020 4:59pm
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
Start closing below 1332 tomorrow. ... would help.. We need retailers to start buying (close underwater shorts)the dip to flip it. at 1378ish now.

-1292 Friday.
those who can, do. those who cant, talk about those who can
  • #67,262
  • Jun 10, 2020 5:09pm Jun 10, 2020 5:09pm
Quoting KiwiTrada
gy has tapped important support 136 50 do or die for both bull or bear
gold also possible cheap entry 1737 89 sl above 1740
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  • #67,263
  • Jun 10, 2020 5:20pm Jun 10, 2020 5:20pm
Quoting gatorinla
{quote} Start closing below 1332 tomorrow. ... would help.. We need retailers to start buying (close underwater shorts)the dip to flip it. at 1378ish now. -1292 Friday.
There will be a dip to buy on the 1 or 4 hour chart to buy when it comes it will not drive up but down instead.
  • #67,264
  • Jun 10, 2020 5:22pm Jun 10, 2020 5:22pm
Quoting gatorinla
{quote} I took a swing and missed (canceled it, options over). But it may be worse for some shorts. Who was using the 1390 option to protect underwater shorts position. Another push up, may cause those who bought the protection to close.
Quoting gatorinla
{quote} Usdx is testing 3 supports I use. 95.88 the lower one. 96.23 below it atm. Close wise for week trend at 96.35. month support at 95.43. if the week closes below 96.35. Then month support is up. Month R on the eu is 1492 ( month close wise). Eu bears lost their week R last week. Usdx may loose its weekly trend support Friday. If so the channel posted earlier top is 159x. 100 pips above 1492.
Quoting gatorinla
{quote} I'm not predicting this. I'm noting the chances are increasing. If the week closed now, 1492 or more is likely If the usd closes below 96.35. Atm the usd is at 96.17. upon close dont mean a immediate eu rise. It just means its likely to rise within a 0770- unknown new high 1592+ range. It means the chances of 0770 are decreasing.
week is still open. month range is tapped here too.
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those who can, do. those who cant, talk about those who can
  • #67,265
  • Jun 10, 2020 5:30pm Jun 10, 2020 5:30pm
Quoting gatorinla
{quote} Start closing below 1332 tomorrow. ... would help.. We need retailers to start buying (close underwater shorts)the dip to flip it. at 1378ish now. -1292 Friday.
  • #67,266
  • Jun 10, 2020 5:40pm Jun 10, 2020 5:40pm
Quoting KiwiTrada
gy has tapped important support 136 50 do or die for both bull or bear
"nice" 1 tap and crushed it next fence 136.20ish then 136???
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  • #67,267
  • Jun 10, 2020 5:56pm Jun 10, 2020 5:56pm
Quoting KiwiTrada
{quote} "nice" 1 tap and crushed it next fence 136.20ish then 136???
this is H&S neckline break in progress best seen 4hr chart, norm would require a retest, if successful targets are 132 75 - 133 25!!
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  • #67,268
  • Jun 10, 2020 6:06pm Jun 10, 2020 6:06pm
Quoting KiwiTrada
{quote} this is H&S neckline break in progress best seen 4hr chart, norm would require a retest, if successful targets are 132 75 - 133 25!!
retest of neckline break in progress 136 43 if it holds possible cheap entry with sl above 136 50
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  • #67,269
  • Jun 10, 2020 6:59pm Jun 10, 2020 6:59pm
some fundamental stuff if you all interested.

Powell was extremely dovish about rates - bearish usd

Yield curve control is bearish equities as it means less QE in the long run. Bearish equities is usually bullish usd during these times. But because fed didn't seem ready to talk about it yesterday, it is likely the prevailing trend will remain bearish usd. However if fed starts to hint more about ycc, then dollar should start to rally. Until then, I'll remain bearish dollar.

------
Fundamentals is bullish into a technical resistance (1420) for EU. For now I expect some profit taking to continue in EU - pushing down prices. But I'll start looking at going long again around 1320.
  • #67,270
  • Jun 10, 2020 7:06pm Jun 10, 2020 7:06pm
Quoting KiwiTrada
{quote} "nice" 1 tap and crushed it next fence 136.20ish then 136???
135 93 almost to the pip previous daily low, if it goes will be fresh air below ?:-)
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  • #67,271
  • Jun 10, 2020 7:21pm Jun 10, 2020 7:21pm
Eur 6/11/2020 trading levels.. next to print 1385 or 1349

RU R3 ----------1.1475
DP R3 ----------1.1474
DP R2 ----------1.1435
WP R2 ----------1.1433
RU R2 ----------1.1428
DP R1 ----------1.1411
RU R1 ----------1.1400
MP R3 ----------1.1385
DP PP ----------1.1373
WP R1 ----------1.1366
RU S1 ----------1.1349
DP S1 ----------1.1334
RU S2 ----------1.1317
DP S2 ----------1.1310
DP S3 ----------1.1272
RU S3 ----------1.1270
  • #67,272
  • Jun 10, 2020 7:35pm Jun 10, 2020 7:35pm
Quoting KiwiTrada
{quote} 135 93 almost to the pip previous daily low, if it goes will be fresh air below ?:-)
lmao fresh air under the feet stirred up a little bull action, not expecting it to survive asian session
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  • #67,273
  • Jun 10, 2020 8:08pm Jun 10, 2020 8:08pm
Quoting KiwiTrada
{quote} retest of neckline break in progress 136 43 if it holds possible cheap entry with sl above 136 50
ditto
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  • #67,274
  • Jun 10, 2020 8:09pm Jun 10, 2020 8:09pm
the 4h just made a new higher close.
those who can, do. those who cant, talk about those who can
  • #67,275
  • Edited 11:03pm Jun 10, 2020 8:26pm | Edited 11:03pm
SHORT
OUT 29+
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A good trader follows his rules, but great trader knows when to break them
  • #67,276
  • Jun 10, 2020 8:57pm Jun 10, 2020 8:57pm
Good morning!

Short EU 1387. Willing for more, just waiting for more candles.

Didn’t have chance to short last FOMC, was waiting above 1430 preferably 144x.

EU still bullish.
Peace is more valuable than success.
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  • #67,277
  • Edited 11:08pm Jun 10, 2020 10:34pm | Edited 11:08pm
Looks like the top is in for this cycle. Time to switch from trend trade to range trade.
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Ok to sell now. Look to re-engage longs around???

Opps - I did it again. I am new here and senior members do not approve of me giving levels.
Ecclesiastes 1:9
  • #67,278
  • Jun 10, 2020 10:55pm Jun 10, 2020 10:55pm
Quoting gellowmellow
Good morning! Short EU 1387. Willing for more, just waiting for more candles. Didn’t have chance to short last FOMC, was waiting above 1430 preferably 144x. EU still bullish.
TP out + 20.
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Peace is more valuable than success.
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  • #67,279
  • Jun 10, 2020 11:13pm Jun 10, 2020 11:13pm
Quoting gatorinla
{quote} 1390 held. unlikely to take out 1340 this last h. Time will tell. More likely to retest tl. {image}
Tl tested and pa ia below.. next 1340 is now 1347/44.. an h close below 1344 opens up some drop. See if 1344/47 now support becomes R. If so, 1090 may be calling. Baby steps.. A drop will cause more longs.. the canoe needs to unbalance the other way. 30/70 atm. A drop should cause some balance to long. A deep drop should further add longs.
those who can, do. those who cant, talk about those who can
  • #67,280
  • Jun 10, 2020 11:16pm Jun 10, 2020 11:16pm
Quoting gatorinla
{quote} Tl tested and pa ia below.. next 1340 is now 1347/44.. an h close below 1344 opens up some drop. See if 1344/47 now support becomes R. If so 1090 may be calling. Baby steps.. A drop will cause more longs.. the canoe needs to unbalance the other way. 30/70 atm. A drop should cause some balance to long. A deep drop should further add longs.
@Gator, if 134x doesn't hold what do you think of previous R at 1330? Seems a bounce here also likely.
Looking to reenter 137x but this train is fast, looks like we will have H4 engulfing lots of candles if ever.
Peace is more valuable than success.
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