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The Swamp

  • #68,441
  • Jun 18, 2020 12:21am Jun 18, 2020 12:21am
Quoting ill_be_back
News will prolly screw all SHORTS {image}
good morning thanks.

im cancel my pending, i will chase it manually
  • #68,442
  • Jun 18, 2020 12:40am Jun 18, 2020 12:40am
Quoting gatenio
{quote} good morning thanks. im cancel my pending, i will chase it manually
News was a Plop
S/O at BE
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A good trader follows his rules, but great trader knows when to break them
  • #68,443
  • Jun 18, 2020 12:54am Jun 18, 2020 12:54am
Quoting axecap
{quote} why is yen still a safe haven.... go to for risk off?
u tell me
those who can, do. those who cant, talk about those who can
  • #68,444
  • Jun 18, 2020 12:55am Jun 18, 2020 12:55am
Quoting gatorinla
{quote} u tell me
Exactly, LOL!
  • #68,445
  • Jun 18, 2020 1:04am Jun 18, 2020 1:04am
Quoting gatorinla
{quote} u tell me
another example of meaningless indicators.
JPY is a safe heaven just like gold or "bitcoin" ? -

it's about PA - that;s all that maters. so was tulips safe heaven once upon a time

just like the discussion with PE on SPX or Nasdaq.

perception

market perception is that those Japanese people hold their own debt which means they will not sell them to lose their money and the country's money
and that doesn't even matter because the BOJ just like the FED can buy Japanese debt and just say on our balance sheet we have 10 trillions of debt
and nobody gives a flying duck because it's all just tickers and electronic money. and we can just hit

formac c: .fs:NTFS

and that's it

WARNING ALL DEBT on NON removable DISK
DRIVE C: will be lost!

Proceed with format (Y/N) _
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,446
  • Jun 18, 2020 1:05am Jun 18, 2020 1:05am
coz during asia session, the trustworthy, most liquid, most stable currency is the yen.
If you wanted to move large amounts of money, you would do it through the yen. You won't be moving eurusd during asia session for example. So you would trade euryen.

in europe session it would be EU.
in us session it would be dollar.

If a global risk event happened, the usual culprits will always be euro, usd, and yen

A lot of you have kinda the right idea that the yen is stable etc etc. But the real reason why it is because of flow. Forex is usually the instrument of choice for money to move around. Which is why sometimes forex is not a straight forward instrument to trade fundamentally.
  • #68,447
  • Jun 18, 2020 1:08am Jun 18, 2020 1:08am
Quoting DMA Trader
{quote} still have this one. but now prices are above my 1H with a support at 1.1246 next R 1.1265 after that all bullish again 1.12 very strong.
1h close below.
1h now going to 1.122 ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,448
  • Jun 18, 2020 1:10am Jun 18, 2020 1:10am
Quoting thelws
coz during asia session, the trustworthy, most liquid, most stable currency is the yen. If you wanted to move large amounts of money, you would do it through the yen. You won't be moving eurusd during asia session for example. So you would trade euryen. in europe session it would be EU. in us session it would be dollar. If a global risk event happened, the usual culprits will always be euro, usd, and yen
and that's the perception
and when you have confirmation in PA you act.

because they are all ponzi scheme just like bitcoin and gold that doesn't really produce anything.

the only thing that's real is a company that makes profit and has a futures positive cashflow. or a revenue that growing.

So buy the dip
done with my monthly rant
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,449
  • Jun 18, 2020 1:11am Jun 18, 2020 1:11am
Quoting gatorinla
{quote} u tell me
The assets they own are worth more than their economy. Value of assets exceeds GDP
Its all just one persons opinion
  • #68,450
  • Jun 18, 2020 1:11am Jun 18, 2020 1:11am
Quoting Tekin
{quote} you are right, so started to sell eu 1.1253 tp 1.1170 {image}

quit enough
  • #68,451
  • Jun 18, 2020 1:13am Jun 18, 2020 1:13am
Quoting DMA Trader
{quote} it was a bubble. years before you had a decade of gdp growth above 10% even reach 15% 100m population split on 6000 islands. About 73 percent of Japan is forested, mountainous and unsuitable for agricultural, industrial or residential use As a result, the habitable zones, mainly located in coastal areas, have extremely high population...
I dont want to go into too big of a discussion. There was a little thing called WW2. Some nations were defeated. After, those countries infrastructure was rebuilt. Using a lot of monetary help from the U.S. They became great trading partners with the US. They were given a lot of perks. One being they didnt have to spend a lot of $ on defense. The U.S. had a policy of helping countries, because it was cheaper than wars. Now those countries are direct competition in trade. Japan has few natural resources used in heavy industrial production. So they will always be reliant on imported raw or recycled materials. Things in the U.S, have changed. Not only the national debt. The leading philosophy is leading toward less help toward those countries.
those who can, do. those who cant, talk about those who can
  • #68,452
  • Jun 18, 2020 1:14am Jun 18, 2020 1:14am
just woke up ,, saw a couple triggered and out +20
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  • #68,453
  • Jun 18, 2020 1:16am Jun 18, 2020 1:16am
Quoting gatorinla
{quote} I dont want to go into too big of a discussion. There was a little thing called WW2. Some nations were defeated. After, those countries infrastructure was rebuilt. Using a lot of monetary help from the U.S. They became great trading partners with the US. They were given a lot of perks. One being they didnt have to spend a lot of $ on defense. The U.S. had a policy of helping countries, because it was cheaper than wars. Now those countries are direct competition in trade. Japan has few natural resources used in heavy industrial production....
and Japan was one of the country's that was not help by US
and was the only one that was bomb with nuclear in 1945
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,454
  • Jun 18, 2020 1:18am Jun 18, 2020 1:18am
Quoting DMA Trader
{quote} another example of meaningless indicators. JPY is a safe heaven just like gold or "bitcoin" ? - it's about PA - that;s all that maters. so was tulips safe heaven once upon a time just like the discussion with PE on SPX or Nasdaq. perception market perception is that those Japanese people hold their own debt which means they will not sell them to lose their money and the country's money and that doesn't even matter because the BOJ just like the FED can buy Japanese debt and just say on our balance sheet we have 10 trillions of debt and nobody...
yeah, but those older debt holders die off each day. The younger crowd have a different outlook. The ratio of workers supporting the old is rising all the time.
those who can, do. those who cant, talk about those who can
  • #68,455
  • Jun 18, 2020 1:20am Jun 18, 2020 1:20am
next TP 1229 before refill
  • #68,456
  • Jun 18, 2020 1:20am Jun 18, 2020 1:20am
Quoting DMA Trader
{quote} and Japan was one of the country's that was not help by US and was the only one that was bomb with nuclear in 1945
We disagree.
those who can, do. those who cant, talk about those who can
  • #68,457
  • Jun 18, 2020 1:23am Jun 18, 2020 1:23am
Quoting gatorinla
{quote} yeah, but those older debt holders die off each day. The younger crowd have a different outlook. The ratio of workers supporting the old is rising all the time.
ok so you die - your kid got your bond you tell him not to sell it. he sells it and BOJ buy the debt. and adds another % of debt to GDP

one day perception changes and everybody sells JPY. tomorrow or next 30 years

and buy's Elon MARs dust that goes up 500.000% up because an asteroid is coming to earth and we have to move in space

MArs Real Estate skyrockets.

16.03.2034 Mars Stock Exchange opens first transaction.

MMRX planet coin goes up big. retail money lose their savings because they were short om MMRX because it was a bubble.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,458
  • Jun 18, 2020 1:24am Jun 18, 2020 1:24am
Quoting gatorinla
{quote} We disagree.
we don't VIetnam was "helped" too after the war.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #68,459
  • Jun 18, 2020 1:25am Jun 18, 2020 1:25am
Quoting thelws
coz during asia session, the trustworthy, most liquid, most stable currency is the yen. If you wanted to move large amounts of money, you would do it through the yen. You won't be moving eurusd during asia session for example. So you would trade euryen. in europe session it would be EU. in us session it would be dollar. If a global risk event happened, the usual culprits will always be euro, usd, and yen A lot of you have kinda the right idea that the yen is stable etc etc. But the real reason why it is because of flow. Forex is usually...
well said...
  • #68,460
  • Jun 18, 2020 1:32am Jun 18, 2020 1:32am
Quoting DMA Trader
{quote} 1h close below. 1h now going to 1.122 ?
pretty much price stopped in that area
now we have 3 scenarios

we either hold that support and we go up.
R i would say 1.1265 since on H4 clrearly there is a range more than a trend or 1H

2nd we break the low and we fall
people go long because of super very important 1.12 and we fall more.

3rd scenario .
still something to happen in the next 24 hours to kill everybody on triple witch
vaccine coming today or tomorrow ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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