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The Swamp

  • #68,801
  • Jun 21, 2020 9:43am Jun 21, 2020 9:43am
Quoting Blackopal
{quote} Do you give any significance to the second last candle here in the wedge being bear engulfing? Also the low close on that candle is below the four previous candles
no, all a bearish candle does is suggest the support is to be tested. If the candle closed below the tl the answer is yes. If it breaks the tl, the candle will then have more significance. As much as I want to be bearish because I'm short. I cant overlook the week may ease enough to allow 1260 again. I'm short so I give bears the edge. I hope it gaps open below the (wedge) tl. I may be forced to close some shorts and re-enter after break. Or even long with the tl - a few as my stop, and target 1260.
those who can, do. those who cant, talk about those who can
  • #68,802
  • Jun 21, 2020 9:57am Jun 21, 2020 9:57am
Quoting Blackopal
{quote} Do you give any significance to the second last candle here in the wedge being bear engulfing? Also the low close on that candle is below the four previous candles
I drew the possible new channel to form using 3 points (light blue).. The red dotted center of the channel acted as support so far. Some confluence with the bottom of the wedge, 38.2. and center of the possible channel. It has to break or pa will bounce.. I think a h close below 1166/49 is positive for bears. 1063 would be the next fib for me.
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those who can, do. those who cant, talk about those who can
  • #68,803
  • Edited 11:24am Jun 21, 2020 11:12am | Edited 11:24am
There are a number of risk averse sensitive issues flaring over the weekend. India-China, China-Hong Kong, virus flaring up more. Trump could be influential this week. Increasingly desperate to improve his poll numbers and improve his diminished reelection odds. Possible response to China having announced this "China revealed a blueprint on Saturday night for a controversial new national security law, which critics say threatens political and civil freedoms in Hong Kong and broadens Beijing's direct control over the semi-autonomous city. Under the sweeping draft legislation, Beijing would be able to override Hong Kong's prized independent legal system and mainland officials will establish a national security office in Hong Kong, further eroding the city's autonomy. "

More deranged tweets coming soon. And this type of crap... "And in an interview with the Wall Street Journal President Trump said he believed China might have encouraged the international spread of the virus as a way to destabilise competing economies."

On the positive side, it looks as though he has come up with a fool proof method to eliminate corona virus. Stop testing for it. Next it will be excluded from mention on death certificates. Then no one else in the U.S. will die from it. Like a miracle, it will be gone.
  • #68,804
  • Jun 21, 2020 1:08pm Jun 21, 2020 1:08pm
;
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  • #68,805
  • Jun 21, 2020 2:42pm Jun 21, 2020 2:42pm
interesting...

https://www.zerohedge.com/markets/re...ther-usd-rally
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  • #68,806
  • Jun 21, 2020 3:09pm Jun 21, 2020 3:09pm
Quoting jaylovin
{quote} if I had kept it, it would be working really well.. instead I wimped out thinking Friday madness... the 73.38 short I took after is working out... first target 72.72 and final for me is 72.58 then will look elsewhere for a signal cheers
Price opened at 72.72 lol.. take 3/4 here. Be for 7258 target now
  • #68,807
  • Jun 21, 2020 3:27pm Jun 21, 2020 3:27pm
Quoting gatorinla
{quote} no, all a bearish candle does is suggest the support is to be tested. If the candle closed below the tl the answer is yes. If it breaks the tl, the candle will then have more significance. As much as I want to be bearish because I'm short. I cant overlook the week may ease enough to allow 1260 again. I'm short so I give bears the edge. I hope it gaps open below the (wedge) tl. I may be forced to close some shorts and re-enter after break. Or even long with the tl - a few as my stop, and target 1260.
Does this mean 1260 done already
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A good trader follows his rules, but great trader knows when to break them
  • #68,808
  • Jun 21, 2020 3:41pm Jun 21, 2020 3:41pm
Quoting ill_be_back
{quote} Does this mean 1260 done already {image}
its funny you ask this.. I once thought those norm levels did happen after market closes. years ago when oanada stayed open over the weekend i noticed this. even now with Xe i think price is doing this after hours. But the retailer is kept from the info.

I used to notice oanda would reach a level like norm (after hours). But b4 open, go back to the close price. Then later retake the targeted norm during normal hours. I stopped watching this when oanda stopped weekend trades. My answer now is. lets start watching this. I dont have a educated answer anymore.
those who can, do. those who cant, talk about those who can
  • #68,809
  • Jun 21, 2020 4:04pm Jun 21, 2020 4:04pm
Evening ,
i cant see no gap , Euro currently between 1.1145 & 1145
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #68,810
  • Jun 21, 2020 4:28pm Jun 21, 2020 4:28pm
Quoting Avir
Evening , i cant see no gap , Euro currently between 1.1145 & 1145
1181 here
those who can, do. those who cant, talk about those who can
  • #68,811
  • Jun 21, 2020 4:46pm Jun 21, 2020 4:46pm
Quoting gatorinla
{quote} 1181 here
sorry gator , i was meant to type 1185-89 +big spread.

some typo here, technical difficulties due to Fathers day
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #68,812
  • Jun 21, 2020 4:47pm Jun 21, 2020 4:47pm
Currently here
Mote: normally .5-.7 is my brokers spread
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #68,813
  • Jun 21, 2020 4:48pm Jun 21, 2020 4:48pm
Quoting ill_be_back
{quote} Does this mean 1260 done already {image}
I dont use 1260 as a norm for strength. I use it for an entry if the eu would bounce after a close (If the low wasn't tested, for week lc lower close.) i would look for a sign 1260/ week high. to short anticipating week lc would be tested (previous week low) within the next week (this week). I'ts not that it has to bounce. Its a sell area "if it bounced, b4 testing previous week's low area ".

in this case after lc. the low has already been tested. That tl needs to be taken out, or 1260 looks favorable.
those who can, do. those who cant, talk about those who can
  • #68,814
  • Jun 21, 2020 4:49pm Jun 21, 2020 4:49pm
Quoting Avir
{quote} sorry gator , i was meant to type 1185-89 +big spread. some typo here, technical difficulties due to Fathers day
a big spread was my high school fear.
those who can, do. those who cant, talk about those who can
  • #68,815
  • Jun 21, 2020 4:57pm Jun 21, 2020 4:57pm
1183 is some day r.. 1193 some week R.. 1218/49 is my bear trend R declining.
those who can, do. those who cant, talk about those who can
  • #68,816
  • Jun 21, 2020 5:08pm Jun 21, 2020 5:08pm
Wall Street down 1.51%
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  • #68,817
  • Jun 21, 2020 5:24pm Jun 21, 2020 5:24pm
Gold seems to be setting up to test May 18 high, possibly today. There's nothing above the top of the current daily candle except a wick.
  • #68,818
  • Edited 5:50pm Jun 21, 2020 5:26pm | Edited 5:50pm
Today's numbers, i mean Jun 22 ,

I will update the Templates later
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #68,819
  • Jun 21, 2020 5:26pm Jun 21, 2020 5:26pm
Quoting gatorinla
1183 is some day r.. 1193 some week R.. 1218/49 is my bear trend R declining.
just gonna wait till this spread to go down then i go to bed
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #68,820
  • Jun 21, 2020 5:40pm Jun 21, 2020 5:40pm
small pending shorts AU .6832, .6836 and Nu .6403 and .6407

and in a short AJ .7298
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