The Swamp | Page 3446 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #68,901
  • Jun 22, 2020 10:32am Jun 22, 2020 10:32am
Quoting gellowmellow
+ updated daily chart {image} ++ H4 SMA100: 1252 H1 SMA100 protecting the bears is taken out, now SMA200 at 1272. Tiny lots for 10 pips 10 pips while still ranging.
that is what I saw + H4 downtrend stop 1266.. ,,lets see bears can hold it..1.5 hour to go...
  • #68,902
  • Jun 22, 2020 10:37am Jun 22, 2020 10:37am
Bears: 1h candle using candle needs -1243 close. I think 1237 better (-1210/44 improvement ). of course below the wedge bottom later is best.

Bulls: need to break the wedge top.. clear cut..

Scalpers play between the lines. Near 126x short.. near 116x long and wherever it looks good.. between the 2 roughly 1210. below 1210 passes my trending area for shorting. 1210/1244. pa is on the stronger side of 1244 trend area, blocked by upper wedge tl and Boulder's 4h.

adr spent

ej looks weaker than eu rise.. ej is in the mid trend range.. (119.94/120.60).. ej back below 119.94 closing would weigh on eu.. below 119.43 looks to open a floor. atm ej at 120.25
those who can, do. those who cant, talk about those who can
  • #68,903
  • Jun 22, 2020 10:42am Jun 22, 2020 10:42am
Quoting gatorinla
Bears: 1h candle using candle needs -1243 close. I think 1237 better (-1210/44 improvement ). of course below the wedge bottom later is best. Bulls: need to break the wedge top.. clear cut.. Scalpers play between the lines. Near 126x short.. near 116x long and wherever it looks good.. between the 2 roughly 1210. below 1210 passes my trending area for shorting. 1210/1244. pa is on the stronger side of 1244 trend area, blocked by upper wedge tl and Boulder's 4h. adr spent
hope downtrend hold.. but time is not on bear side,,,37 units has run for H4 downtrend already....that is 6 plus days run by bears... so bears be careful
  • #68,904
  • Jun 22, 2020 10:59am Jun 22, 2020 10:59am
Quoting Boulder
{quote} hope downtrend hold.. but time is not on bear side,,,37 units has run for H4 downtrend already....that is 6 plus days run by bears... so bears be careful
thinking the same, since Friday lc. more so now.. But its not over till the fat lady sings. Upper wedge tl remains, until it dont. Like it applied Friday to the lower wedge tl. No need to pop those corks yet. Relax she will allow when ready.

Inserted Video
those who can, do. those who cant, talk about those who can
  • #68,905
  • Jun 22, 2020 11:01am Jun 22, 2020 11:01am
Quoting gatorinla
{quote} thinking the same, since Friday lc.
Eu driven by EurGbp and EurJpy atm..... lets see pa can retrace some later todayy,,,
  • #68,906
  • Edited 2:41pm Jun 22, 2020 11:08am | Edited 2:41pm
Quoting ill_be_back
{quote} 1.12117 then will Buy again after pull back to 1260
Pending SHORT
Cancelled
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 5 KB
A good trader follows his rules, but great trader knows when to break them
  • #68,907
  • Jun 22, 2020 11:15am Jun 22, 2020 11:15am
Quoting Boulder
{quote} Eu driven by EurGbp and EurJpy atm..... lets see pa can retrace some later todayy,,,
So, are we cancelling shorts. Or holding a little longer? I got one in the red at the moment
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20200622-181510_MetaTrader 4.jpg Size: 43 KB
  • #68,908
  • Jun 22, 2020 11:19am Jun 22, 2020 11:19am
Quoting mars1
{quote} So, are we cancelling shorts. Or holding a little longer? I got one in the red at the moment{image}
holding.. it cant go much higher then 1270
actually norm retrace 1236 even lower
  • #68,909
  • Jun 22, 2020 11:25am Jun 22, 2020 11:25am
Quoting mars1
{quote} So, are we cancelling shorts. Or holding a little longer? I got one in the red at the moment{image}
in 40 mins.. wait to see bears can hold 1266 at H4 close or not.. if not.. I will start to hedge longs and try to close my shorts whenever I have a chance ,,,
  • #68,910
  • Jun 22, 2020 11:28am Jun 22, 2020 11:28am
last refills here 1257 and 1258.. I am done shorting today if these not TP out...
  • #68,911
  • Jun 22, 2020 11:29am Jun 22, 2020 11:29am
Quoting Boulder
{quote} Eu driven by EurGbp and EurJpy atm..... lets see pa can retrace some later todayy,,,
you may like some horns


Inserted Video


Inserted Video

Inserted Video
those who can, do. those who cant, talk about those who can
  • #68,912
  • Jun 22, 2020 11:31am Jun 22, 2020 11:31am
Quoting gatorinla
{quote} you may like some horns https://www.youtube.com/watch?v=x-Yi762sQTo https://www.youtube.com/watch?v=djaBEcxSYOw https://www.youtube.com/watch?v=NDSBV0vTfTo
omg.. I always love horns......beautiful music,,,,thanks...
  • #68,913
  • Jun 22, 2020 11:55am Jun 22, 2020 11:55am
Quoting mars1
{quote} So, are we cancelling shorts. Or holding a little longer? I got one in the red at the moment{image}
You must manage your own trades according to your risk/probability rules... That being said these formations appear to be bull flags that are breaking up north. If you look at A/U it’s obvious it’s already broken but must close the day up there for confirmation.

Equities, oil, copper, esc. are all up which does not favor shorts (atm).

You might be able to exit your trade even if it does break the flag north but that’s something you must determine how/if you want that risk & what your exit plan is if it runs further with no retrace.

Hope you get it managed into profit.
  • #68,914
  • Jun 22, 2020 11:55am Jun 22, 2020 11:55am
Quoting Boulder
{quote} omg.. I always love horns......beautiful music,,,,thanks...
relax
Inserted Video
those who can, do. those who cant, talk about those who can
  • #68,915
  • Jun 22, 2020 11:58am Jun 22, 2020 11:58am
Quoting gatorinla
{quote} relax https://www.youtube.com/watch?v=9Wu1...E2FD7202FB4326
I should have listened to you the whole time about eu instead of those youtubers .,,
  • #68,916
  • Jun 22, 2020 12:14pm Jun 22, 2020 12:14pm
Quoting Boulder
{quote} in 40 mins.. wait to see bears can hold 1266 at H4 close or not.. if not.. I will start to hedge longs and try to close my shorts whenever I have a chance ,,,
bears held at H4 close
  • #68,917
  • Jun 22, 2020 12:15pm Jun 22, 2020 12:15pm
Will hedge my short and flip to long once wedge is broken, unexpected day for me but have prepared for big bear-bull battle this week.

DX H4 cloud perspective also not looking good (same as EU).
I hate thinning clouds as PA usually dive or fly to them...

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 53 KB


Said last time I treat PA as 'early reversal' because I was waiting for PA to get past through the thinning cloud.
Larger cloud reinforces the trend, but it is useless if PA goes to the other side before that. -.-
Will have closure by tomorrow or Wed probably, some strong H4 support there as well.

Bedtime for now, zzz.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #68,918
  • Edited 12:29pm Jun 22, 2020 12:18pm | Edited 12:29pm
Quoting Boulder
{quote} I should have listened to you the whole time about eu instead of those youtubers .,,
I know when I'm wrong, not always. But most of the time.

Here at this upper tl wedge pattern. Its a short with a stop. Friday it was a long with a stop. Its easy to say it now about Friday. It was not so easy then. The same concerning 1266 ish and upper wedge tl today. It hasn't broke, lc week was lower. Although Monday lc is higher, let it test near highs. Look to long if it breaks wedge.. But short if it dont. When everyone is celebrating, its usually the wrong time.

Week wise 1260/1352 is a textbook short.. The wedge upper tl will determine if we reverse to test the lower.

I posted this days ago.

With 100% certainty, if the upper tl holds. Than the lower tl will be tested. All you have to do, is figure out your upper tl stop risk.

its not about right or wrong, its about gaining more than risk.
those who can, do. those who cant, talk about those who can
  • #68,919
  • Jun 22, 2020 12:25pm Jun 22, 2020 12:25pm
Quoting gatorinla
{quote} I know when I'm wrong, not always. But most of the time. Here at this upper tl wedge pattern. Its a short with a stop. Friday it was a long with a stop. Its easy to say it now about Friday. It was not so easy then. The same concerning 1266 ish and upper wedge tl today. It hasn't broke, lc week was lower. Although Monday lc is higher, let it test near highs. Look to long if it breaks wedge.. But short if it dont. When everyone is celebrating, its usually the wrong time.
ok.. I will be patient with my shorts ........
  • #68,920
  • Jun 22, 2020 12:29pm Jun 22, 2020 12:29pm
Quoting gellowmellow
Will hedge my short and flip to long once wedge is broken, unexpected day for me but have prepared for big bear-bull battle this week. DX H4 cloud perspective also not looking good (same as EU). I hate thinning clouds as PA usually dive or fly to them... {image} Said last time I treat PA as 'early reversal' because I was waiting for PA to get past through the thinning cloud. Larger cloud reinforces the trend, but it is useless if PA goes to the other side before that. -.- Will have closure by tomorrow or Wed probably, some strong H4 support there...
I like your analysis.. keep it up...
422 traders viewing now, 1 is registered:
turnfx