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The Swamp

  • #69,601
  • Jun 26, 2020 4:31pm Jun 26, 2020 4:31pm
Quoting gatorinla
dow on the edge.. {image}
pa is sitting the same TL zoomed in in gold (in above post).. Newer tl pa is below (light blue). Pa is below the 200 ema/sma day. On the edge standing on a banana peel. Broke people buys less. People sheltering at home buy less. Corona makes this more likely. The 3 trillion looks to be absorbed in the run-up. A ponzi scheme needs fresh $ to keep it rising. If not, people run to the door.
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those who can, do. those who cant, talk about those who can
  • #69,602
  • Jun 26, 2020 8:24pm Jun 26, 2020 8:24pm
Putin puts a bounty on American soldiers. Trump finds out about it in March. Then tries to reward Russia with a G7 membership. No other response to punish Putin. No sanctions, no nothing. Not a damn peep from the coward. Putin and Kim Jung Un made a ass out of "the village idiot".
those who can, do. those who cant, talk about those who can
  • #69,603
  • Jun 26, 2020 8:37pm Jun 26, 2020 8:37pm
Quoting gatorinla
Putin puts a bounty on American soldiers. Trump finds out about it in March. Then tries to reward Russia with a G7 membership. No other response to punish Putin. No sanctions, no nothing. Not a damn peep from the coward. Putin and Kim Jung Un made a ass out of "the village idiot".
https://www.forbes.com/sites/mattper.../#74ab6bc57330
those who can, do. those who cant, talk about those who can
  • #69,604
  • Jun 26, 2020 9:24pm Jun 26, 2020 9:24pm
well said...
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  • #69,605
  • Jun 26, 2020 11:27pm Jun 26, 2020 11:27pm
Quoting Boulder
Today COT report... hedgefunds net long EurUsd again this week ending 6/23/2020.. a little too crowded trades out there.. thinking if they start to unload their EU longs,,,... {image}

ES contracts big players max long again
ES contracts for retail max short again

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #69,606
  • Jun 27, 2020 12:39am Jun 27, 2020 12:39am
Quoting DMA Trader
{quote} ES contracts big players max long again ES contracts for retail max short again
you all have a blessed weekend
Stay strong and healthy

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #69,607
  • Edited 11:36am Jun 27, 2020 11:04am | Edited 11:36am
Quoting mmccormac
{quote} Colorado has a pretty nice website & data stream for the corona virus... The Colorado death rate peaked quite awhile ago (early April) even though the cases did not, and now the percentage is very low vs. the new cases, take a look: https://covid19.colorado.gov/data/case-data

This guy might be correct... Infection rates are still up in Colorado, but as can be seen in the above link the death rate has had an enormous retraction over past 60 days (Looks comparable to flu lately). I’ve wondered why it peaked in April & is now so small compared to then.

Take a look & the Colorado site quoted above: https://www.yahoo.com/finance/m/c49f...tegist-is.html

edit: I’m not downplaying the impact of loosing even one person because of the virus, but only wanted to point out that the death trend seems to have drastically reduced from 60 days ago... I would like to see the virus even weaker in the coming days!
  • #69,608
  • Jun 28, 2020 5:52am Jun 28, 2020 5:52am
11250 then 11150 should be imminent ...
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twitter: @gettoefl
  • #69,609
  • Jun 28, 2020 11:13am Jun 28, 2020 11:13am
Quoting mmccormac
{quote} This guy might be correct... Infection rates are still up in Colorado, but as can be seen in the above link the death rate has had an enormous retraction over past 60 days (Looks comparable to flu lately). I’ve wondered why it peaked in April & is now so small compared to then. Take a look & the Colorado site quoted above: https://www.yahoo.com/finance/m/c49f...tegist-is.html edit: I’m not downplaying the impact of loosing even one person because of the virus, but only wanted to point...
its diluted with the young atm. The death rate spike is 2-3 weeks behind the new infections,
those who can, do. those who cant, talk about those who can
  • #69,610
  • Jun 28, 2020 11:21am Jun 28, 2020 11:21am
almost all timeframe charts.

https://www.forexfactory.com/showthr...1#post13030341
don't predict direction, but dance with flow of water
  • #69,611
  • Jun 28, 2020 12:05pm Jun 28, 2020 12:05pm
start point
3-month levels.
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don't predict direction, but dance with flow of water
  • #69,612
  • Jun 28, 2020 12:11pm Jun 28, 2020 12:11pm
now change to

1 week period and see the price reaction.
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don't predict direction, but dance with flow of water
  • #69,613
  • Jun 28, 2020 12:14pm Jun 28, 2020 12:14pm
now change to

daily period and see the most reactive levels.
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don't predict direction, but dance with flow of water
  • #69,614
  • Jun 28, 2020 12:16pm Jun 28, 2020 12:16pm
if my assumptions are correct, price should hit 1.1097 first on EU
  • #69,615
  • Jun 28, 2020 12:17pm Jun 28, 2020 12:17pm
now, 4h.
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don't predict direction, but dance with flow of water
  • #69,616
  • Jun 28, 2020 12:35pm Jun 28, 2020 12:35pm
did you get the point?
you need some reference points and you will play around it.
These points must have some fundamental background it can be CB levels major trend reversal point, there are so many ways to find\establish that points.
There are different combination of the time frame for every pair, even a pair can be traded with a lot of combinations.
I chose 3month simply bcz it is the institutional level and they react often around these level.

my aud/usd trade was base on this.
just draw 3 monthly levels on aud/usd and shift to daily/4h chart.

you can find your short area and possible target area.
don't predict direction, but dance with flow of water
  • #69,617
  • Edited 1:04pm Jun 28, 2020 12:38pm | Edited 1:04pm
Quoting jaylovin
if my assumptions are correct, price should hit 1.1097 first on EU
No, you should not fix the point it can or it can not it is just light sing not a destination

see post no1.i.e https://www.forexfactory.com/showthread.php?t=484850
don't predict direction, but dance with flow of water
  • #69,618
  • Jun 28, 2020 12:41pm Jun 28, 2020 12:41pm
many people ask me about my entry decisions.

This is one of them
more will appear with live trade.
don't predict direction, but dance with flow of water
  • #69,619
  • Jun 28, 2020 12:42pm Jun 28, 2020 12:42pm
Quoting priceaction1
{quote} No, you should not fix the point it can or it can not it is just light sing not a destination see post no1.
huh? everyone is entitled to an opinion to and cite their thoughts... mine is that I believe EU will head to 1.1097 first

ain't no harm in stating what i did
  • #69,620
  • Jun 28, 2020 5:06pm Jun 28, 2020 5:06pm
may not be a good idea..long some EU here 1219 ..think it may run for month end and qtr end some time these a couple of days......
Short side, next TP 1213 before add....
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