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The Swamp

  • #69,081
  • Jun 23, 2020 7:12am Jun 23, 2020 7:12am
DAX 96.47
  • #69,082
  • Jun 23, 2020 7:15am Jun 23, 2020 7:15am
Quoting mmccormac
The very large buying going on in the Yen is a caution flag... We will most likely have a run to "safe" assets over the next few days. I suppose it may be hedge funds covering some risk in case another situation like last night happens as well. Trade safe! {image}
Yeah, while U.S. corona cases are expanding.
those who can, do. those who cant, talk about those who can
  • #69,083
  • Jun 23, 2020 7:18am Jun 23, 2020 7:18am
I missed a tight stop ej long 120.34
those who can, do. those who cant, talk about those who can
  • #69,084
  • Jun 23, 2020 7:21am Jun 23, 2020 7:21am
Gold just hit new high. 1766.83 Previous was 1765.31
  • #69,085
  • Jun 23, 2020 7:22am Jun 23, 2020 7:22am
Quoting Boulder
{quote} bulls relentless, 1336 printed..my last level today if bulls can do it.. 1347.. that will be 114 adr if it reaches... good luck.. WP R2 ----------1.1347 DP R3 ----------1.1336 RU R2 ----------1.1317 WP R1 ----------1.1303 DP R2 ----------1.1297 RU R1 ----------1.1289 DP R1 ----------1.1273 MP R2 ----------1.1240 DP PP ----------1.1235 WP PP ----------1.1233 RU S1 ----------1.1233 RU S2 ----------1.1205
cleared my last line today 1347.. 115 adr atm... no retrace in sight,,,,I almost get stoppled out at 1350,,,,,

WP R2 ----------1.1347
DP R3 ----------1.1336
RU R2 ----------1.1317
WP R1 ----------1.1303
DP R2 ----------1.1297
RU R1 ----------1.1289
DP R1 ----------1.1273
MP R2 ----------1.1240
DP PP ----------1.1235
WP PP ----------1.1233
RU S1 ----------1.1233
RU S2 ----------1.1205

  • #69,086
  • Jun 23, 2020 7:22am Jun 23, 2020 7:22am
Quoting gatorinla
I missed a tight stop ej long 120.34
scratch..
those who can, do. those who cant, talk about those who can
  • #69,087
  • Jun 23, 2020 7:24am Jun 23, 2020 7:24am
Short EU 1.1344. Sl 15 pips

Tp open

Will put to BE as soon as unless i get stopped... biatch should fall from here

EDIT: moved SL to 1.1355
  • #69,088
  • Jun 23, 2020 7:26am Jun 23, 2020 7:26am
Quoting mmccormac
The very large buying going on in the Yen is a caution flag... We will most likely have a run to "safe" assets over the next few days. I suppose it may be hedge funds covering some risk in case another situation like last night happens as well. Trade safe! {image}
Something is f-up.
those who can, do. those who cant, talk about those who can
  • #69,089
  • Jun 23, 2020 7:30am Jun 23, 2020 7:30am
Quoting gatorinla
{quote} Something is f-up.

Yep... I have seen this before, but when it's big like this often it may lead by a day or more. I expect big selling in equities this week at some point, and most likely a turn back up for the dollar (even though it looks bearish as heck right now). We'll see, it's a caution flag though for sure.

Edit: Most other markets are moving like normal so this looks to be some covert risk covering(hedging) by big $$.
  • #69,090
  • Jun 23, 2020 7:33am Jun 23, 2020 7:33am
Quoting mmccormac
{quote} Yep... I have seen this before, but when it's big like this often it may lead by a day or more. I expect big selling in equities this week at some point, and most likely a turn back up for the dollar (even though it looks bearish as heck right now). We'll see, it's a caution flag though for sure.
Yeah, me too.. What one is right? Is equities in for a big dump. Why is the usd not benefiting?
those who can, do. those who cant, talk about those who can
  • #69,091
  • Jun 23, 2020 7:39am Jun 23, 2020 7:39am
Quoting gatorinla
{quote} Yeah, me too.. What one is right? Is equities in for a big dump. Why is the usd not benefiting?
Ignore the marks on the chart pics... But look at the dates. I remember before the massive selloff in equities (the big one - 40%) the Yen was dumped before a massive buy back, but the dollar lagged.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU6M20Daily.png Size: 29 KB
Click to Enlarge Name: JY6M20Daily.png Size: 24 KB
Click to Enlarge Name: DXEM20Daily.png Size: 26 KB
  • #69,092
  • Jun 23, 2020 7:44am Jun 23, 2020 7:44am
Quoting mmccormac
{quote} Yep... I have seen this before, but when it's big like this often it may lead by a day or more. I expect big selling in equities this week at some point, and most likely a turn back up for the dollar (even though it looks bearish as heck right now). We'll see, it's a caution flag though for sure. Edit: Most other markets are moving like normal so this looks to be some covert risk covering(hedging) by big $$.
even if its covering.. Something is underlying this. Something is causing a yen safety run. the eu is 100 pips off 1420 high.. ej 400 pips from 124.40.. thats a 300 pip difference. I saw this a week back on some ej longs i had. I thought it would reach 124 again then. Your post made me look again. I bet the Fed is supplying usd liquidity.
those who can, do. those who cant, talk about those who can
  • #69,093
  • Jun 23, 2020 7:45am Jun 23, 2020 7:45am
Quoting Blackopal
Of the last 5 times the Dax came down to here, on the hourly, it went lower continuously without much of a pause for breath. Last time it went to 96.43, Currently it's 96.55

96.45 now, touched 96.39
  • #69,094
  • Jun 23, 2020 7:45am Jun 23, 2020 7:45am
Wow California cases 5019, Florida reporting next.
  • #69,095
  • Jun 23, 2020 7:48am Jun 23, 2020 7:48am
Quoting gatorinla
{quote} even if its covering.. Something is underlying this. Something is causing a yen safety run. the eu is 100 pips off 1420 high.. ej 400 pips from 124.40.. thats a 300 pip difference. I saw this a week back on some ej longs i had. I thought it would reach 124 again then. Your post made me look again. I bet the Fed is supplying usd liquidity.
Bingo.

They don't want the USD overly strong (to keep Liquidity in the market- USD)... They are the reason it stopped around 104ish on that big run up.

Edit: YouTube "Dollar milkshake theory". I don't agree with everything he says but it's an interesting point of view.
  • #69,096
  • Jun 23, 2020 7:49am Jun 23, 2020 7:49am
Closed my AJ longs minus 10, tried to BE but Yen is still getting stronger. So the risk currencies getting pumped for a dump?
  • #69,097
  • Jun 23, 2020 7:53am Jun 23, 2020 7:53am
OUT 16
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 3 KB
A good trader follows his rules, but great trader knows when to break them
  • #69,098
  • Jun 23, 2020 7:55am Jun 23, 2020 7:55am
If everyone runs for the exit door at one time it's still going to be really ugly... Even if the drunken carpenter is trying to cut out a bigger doorway for people to pass through.

Kind of like Soros & bank of England, or like the Swiss back around 2015 and the benchmark number they "will not allow price to breach".
  • #69,099
  • Jun 23, 2020 7:58am Jun 23, 2020 7:58am
Quoting mmccormac
{quote} Bingo. They don't want the USD overly strong (to keep Liquidity in the market- USD)... They are the reason it stopped around 104ish on that big run up.
possible they are for some reason or another. Evidently some big player or players needs some usd. With the eu run-up today, while the ej drops. Its more visible today. Since its the yen safety run, will equities tank?. Will the eu be forced to follow? The dow is up 125 atm.. Everything is up.

I want to know who is needing usd. So much so, enough usd is pumped to float everything.
those who can, do. those who cant, talk about those who can
  • #69,100
  • Jun 23, 2020 8:05am Jun 23, 2020 8:05am
One hour pin bars on EU, AU, NU

I just sold each of them. Small
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