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The Swamp

  • #67,541
  • Jun 11, 2020 4:05pm Jun 11, 2020 4:05pm
Quoting DMA Trader
{quote} maybe we are just getting started here. still have a long way to go to my shorts anyway today was my final day of meetings all over the country to restart economy ... now they talking about 2nd wave
the first wave never stopped here.
those who can, do. those who cant, talk about those who can
  • #67,542
  • Jun 11, 2020 4:07pm Jun 11, 2020 4:07pm
Quoting gatorinla
day close engulfed bear ..
first daily close below a 5 ema after 12 consecutive days closing above
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #67,543
  • Jun 11, 2020 4:09pm Jun 11, 2020 4:09pm
Quoting gatorinla
{quote}{quote}{quote} week is still open. month range is tapped here too. {image}
what a difference a day makes. most of the usd week erased.. flip on the eu day.
Attached Image
those who can, do. those who cant, talk about those who can
  • #67,544
  • Jun 11, 2020 4:09pm Jun 11, 2020 4:09pm
Attached Image
  • #67,545
  • Jun 11, 2020 4:13pm Jun 11, 2020 4:13pm
Quoting DMA Trader
so we are close to clising h4 bearish still on uptrend but something 1h in downtrend. 1.125 support than 1.12 R near 1.134
h4 is done
now we can rally to 1.133/4 shor i am shorting until that area then pause if we close above.
targeting 1.12 (should not be that hard) ...
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #67,546
  • Jun 11, 2020 4:18pm Jun 11, 2020 4:18pm
4 of the worst 25 days ever are in 2020
Attached Image
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #67,547
  • Jun 11, 2020 4:27pm Jun 11, 2020 4:27pm
GU, AU and EU need to go down more, imo they are still in Bull trends though today has given some light to the bear cause... tread with caution that it don't bite you in the ass

i am closing half my AU trade here to lock in some profits +55 pips... the other half at be... i still look to sell these pairs where i can.
  • #67,548
  • Jun 11, 2020 4:29pm Jun 11, 2020 4:29pm
Quoting kuroro001
{quote} killed -15
yes I have eyeball on levels around there 106 50 ish but yen appreciation is too strong to ignore, heavily load short geppy so left uy alone!!
If you are new to Forex? Say Goodbye to your account!!
  • #67,549
  • Jun 11, 2020 5:09pm Jun 11, 2020 5:09pm
Quoting DMA Trader
4 of the worst 25 days ever are in 2020 {image}
1/2 the year is left/
those who can, do. those who cant, talk about those who can
  • #67,550
  • Jun 11, 2020 5:41pm Jun 11, 2020 5:41pm
Nice chart. Not mine

https://uk.tradingview.com/chart/AUD...ity-in-AUDUSD/
  • #67,551
  • Jun 11, 2020 6:51pm Jun 11, 2020 6:51pm
6/12/2020 EU trading levels... next to print 1323 or 1260

RU R3 ----------1.1408
DP R2 ----------1.1402
MP R3 ----------1.1385
DP R1 ----------1.1375
WP R1 ----------1.1366
RU R2 ----------1.1355
DP PP ----------1.1331
RU R1 ----------1.1323
DP S1 ----------1.1287
DP S2 ----------1.1260
WP PP ----------1.1258
RU S1 ----------1.1258
MP R2 ----------1.1240
RU S2 ----------1.1226
DP S3 ----------1.1216
RU S3 ----------1.1173
  • #67,552
  • Jun 11, 2020 7:07pm Jun 11, 2020 7:07pm
Quoting ill_be_back
{quote} If this don't retrace add my face to this {image}
Photoshop your avatar or nickname on it? Eur looks like it's on a one way train. (That I'm not on)
  • #67,553
  • Edited 7:25pm Jun 11, 2020 7:12pm | Edited 7:25pm
i wanna see what happens at 1273/86.. wedge has broken;;
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 45 KB
those who can, do. those who cant, talk about those who can
  • #67,554
  • Jun 11, 2020 7:14pm Jun 11, 2020 7:14pm
Quoting thelws
{quote} actually something may be happening already. there's divergence between snp futures vs fx. Snp might limit down? Something's going on right now. One of them is lying
So turn out equities is pulling the fx market. And we're now back in sync.

Some of the fundamental guys in my office still think that the high is yet to come quoting snp is right at the 200sma right now. If you think that you want to be long risk, right now would be a good place to enter. Which means that it would also be a good area to start going long eurusd in fx.

But my technical opinion is that we will continue to see some risk off. I'm bearish EU for the near term. If we want to shake the fundamental views, price needs to drop a lot more. For now, bearish but cautious of bulls.
  • #67,555
  • Jun 11, 2020 7:16pm Jun 11, 2020 7:16pm
Quoting thelws
{quote} So turn out equities is pulling the fx market. And we're now back in sync. Some of the fundamental guys in my office still think that the high is yet to come quoting snp is right at the 200sma right now. If you think that you want to be long risk, right now would be a good place to enter. Which means that it would also be a good area to start going long eurusd in fx. But my technical opinion is that we will continue to see some risk off. I'm bearish EU for the near term. If we want to shake the fundamental views, price needs to drop a lot...
just had a 1800+ DOW down day... who wants to catch that falling knife...
  • #67,556
  • Jun 11, 2020 7:24pm Jun 11, 2020 7:24pm
Quoting Boulder
{quote} just had a 1800+ DOW down day... who wants to catch that falling knife...
You have no idea how deep the pockets of these fundamental guys are lol.
The fund im in is about 4yards. The 2 chief traders are fundamental guys. For them money flow seem to take on a higher priority. And at this point they don't believe that the gravy train is over. Just because of their seniority, I respect their opinion.

They did say that price has to drop a lot more for their opinion to change.
  • #67,557
  • Jun 11, 2020 7:25pm Jun 11, 2020 7:25pm
Line up some EU shorts here from 1285 to 1294.. will add overnight...TP 1258
  • #67,558
  • Jun 11, 2020 7:27pm Jun 11, 2020 7:27pm
Anyway, I'm bearish myself. As I trust my own technicals.

I have shorts lined up from 1300-1320.

If price doesn't go there I'll start chasing shorts.
  • #67,559
  • Jun 11, 2020 7:37pm Jun 11, 2020 7:37pm
Quoting thelws
{quote} So turn out equities is pulling the fx market. And we're now back in sync. Some of the fundamental guys in my office still think that the high is yet to come quoting snp is right at the 200sma right now. If you think that you want to be long risk, right now would be a good place to enter. Which means that it would also be a good area to start going long eurusd in fx. But my technical opinion is that we will continue to see some risk off. I'm bearish EU for the near term. If we want to shake the fundamental views, price needs to drop a lot...
investors are realizing 20+X earnings are expensive when the customer base is gone. Sticking to lower end necessity stocks may be best. For some reason people are following a heard. Are thinking things will be normal in a few months. It's like Coke verses Pepsi. At the end of the day. Its just sugar water. Its not the cure for cancer. The caffeine and marketing has you coming back. Nobody really needs it. People need to start thinking like Buffet, raised by depression era parents. The economy not coming out of this in the Fall, or in 2 years. You dont get deeper pockets than Buffet.

I'm talking about equities. The eu can decouple from equities like it does at times.
those who can, do. those who cant, talk about those who can
  • #67,560
  • Jun 11, 2020 7:41pm Jun 11, 2020 7:41pm
Quoting gatorinla
{quote} investors are realizing 20+X earnings are expensive when the customer base is gone. Sticking to lower end necessity stocks may be best. For some reason people are following a heard. Are thinking things will be normal in a few months. It's like Coke verses Pepsi. At the end of the day. Its just sugar water. Its not the cure for cancer. The caffeine and marketing has you coming back. Nobody really needs it. People need to start thinking like Buffet, raised by depression era parents. The economy not coming out of this in the Fall, or in 2 years....
I do agree with you. It's just that the guys holding all the big money thinks they can outsmart the market. Or at least get out before the gravy train stops.

Well for someone like me, I'll just try to be as nimble as possible and not hold any views. I don't need to anyway. I'm no where big enough to matter.
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