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The Swamp

  • #70,501
  • Jul 7, 2020 6:03am Jul 7, 2020 6:03am
hmnn decision time... to cut loss or maintain my long bias...
honestly such frustrating times for trend traders.
  • #70,502
  • Jul 7, 2020 6:13am Jul 7, 2020 6:13am
Quoting thelws
hmnn decision time... to cut loss or maintain my long bias... honestly such frustrating times for trend traders.
I reentered at 65 seeing that it held. The only thing giving me confidence in holding it is yesterday's candle. S/L at b/e
  • #70,503
  • Jul 7, 2020 6:21am Jul 7, 2020 6:21am
shorts added 1286.. will continue to reload every step up to 1327s.. unless bears give up H1 ...
  • #70,504
  • Jul 7, 2020 6:27am Jul 7, 2020 6:27am
Quoting tullamulla
{quote} I reentered at 65 seeing that it held. The only thing giving me confidence in holding it is yesterday's candle. S/L at b/e
will really need to see 1280 hold. Otherwise it will be more likely to test lower levels again.
Very frustrating times indeed.
Can't even move in the same direction for 2 days in a row.
  • #70,505
  • Jul 7, 2020 6:31am Jul 7, 2020 6:31am
Quoting q_import
{quote} Bought EU GU NU AU Stops are below the low - @100points Sells for the same orders are @ the stops..
nice on gu, took a sell from the pivot.
it slap me after 2 min.
  • #70,506
  • Jul 7, 2020 6:32am Jul 7, 2020 6:32am
Quoting thelws
{quote} will really need to see 1280 hold. Otherwise it will be more likely to test lower levels again. Very frustrating times indeed. Can't even move in the same direction for 2 days in a row.
Next level for me is 1500 points up or 1000 points down...
  • #70,507
  • Jul 7, 2020 6:35am Jul 7, 2020 6:35am
Quoting q_import
{quote} Next level for me is 1500 points up or 1000 points down...
lol are you sure you didn't accidentally add an extra 0?

1000 points is going to be a 1 year trade
  • #70,508
  • Jul 7, 2020 6:37am Jul 7, 2020 6:37am
Quoting thelws
{quote} lol are you sure you didn't accidentally add an extra 0? 1000 points is going to be a 1 year trade
point is pip/10
  • #70,509
  • Edited 6:51am Jul 7, 2020 6:39am | Edited 6:51am
Quoting thelws
{quote} lol are you sure you didn't accidentally add an extra 0? 1000 points is going to be a 1 year trade
ok it will move a penny.5 up or a penny down
TP for GU is 261, EU 144, NU 666,AU 708
GU will make it first
Cross pair action with YEN would have been the cherry on top
  • #70,510
  • Jul 7, 2020 6:55am Jul 7, 2020 6:55am
Quoting q_import
{quote} ok it will move a penny.5 up or a penny down TP for GU is 261, EU 144, NU 666,AU 708 GU will make it first Cross pair action with YEN would have been the cherry on top
with all the respect, too soon to know that.
gu in big range. eu, is untrending.
  • #70,511
  • Jul 7, 2020 6:59am Jul 7, 2020 6:59am
Quoting Boulder
shorts added 1286.. will continue to reload every step up to 1327s.. unless bears give up H1 ...
add a few here 1290-1292
  • #70,512
  • Jul 7, 2020 7:00am Jul 7, 2020 7:00am
Quoting gatenio
{quote} with all the respect, too soon to know that. gu in big range. eu, is untrending.
This is a money dump it will go back to normal soon... Logic will not work..
The time horizon is over their positions are very public
its to distort, close, or other the holdings
  • #70,513
  • Jul 7, 2020 7:01am Jul 7, 2020 7:01am
Add 1291, then see what NY will do.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #70,514
  • Jul 7, 2020 7:03am Jul 7, 2020 7:03am
closed above 1280 again. Back above bull level. It should make 1295 or 1302 minimal ..
those who can, do. those who cant, talk about those who can
  • #70,515
  • Jul 7, 2020 7:29am Jul 7, 2020 7:29am
Euro is 80% correlated to copper price (weekly basis), and copper producers are adding lots of short hedge lately.

On one side copper is adding shorts, other side euro asset managers are adding loads of longs....weird era
COT: The precious data ignored
  • #70,516
  • Jul 7, 2020 7:31am Jul 7, 2020 7:31am
Quoting kuroro001
Euro is 80% correlated to copper price (weekly basis), and copper producers are adding lots of short hedge lately. On one side copper is adding shorts, other side euro asset managers are adding loads of longs....weird era
I saw non-commercials reduced lots of Eur longs last week on 6/30 COT report... they have plenty more EU longs to unload....
  • #70,517
  • Jul 7, 2020 7:39am Jul 7, 2020 7:39am
Quoting gatorinla
The U.S. has an election coming up. WH is using a lot of rhetoric concerning virus and now Hong Kong. 2 carriers are in the area. No telling what this nut will do. He wants to put a spotlight on China, to take it off him. The closer to the election, the more unstable rhetoric should be expected. The one known outcome is, a attempt to self preserve WH. We live in dangerous times. Equities ignore losing the trade deal, or even worse.
Talk on the tube today about above. Equities may notice.
those who can, do. those who cant, talk about those who can
  • #70,518
  • Jul 7, 2020 7:51am Jul 7, 2020 7:51am
Quoting thelws
hmnn decision time... to cut loss or maintain my long bias... honestly such frustrating times for trend traders.
Day not over yet
Aiming for a new HIGH
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 4 KB
A good trader follows his rules, but great trader knows when to break them
  • #70,519
  • Jul 7, 2020 7:56am Jul 7, 2020 7:56am
Quoting Boulder
{quote} I saw non-commercials reduced lots of Eur longs last week on 6/30 COT report... they have plenty more EU longs to unload....
I agree about the unloading, but Assets managers are loading it big
While money managers are going short, but its still weak for them

Attached Image
COT: The precious data ignored
  • #70,520
  • Jul 7, 2020 7:56am Jul 7, 2020 7:56am
Quoting ill_be_back
{quote} Day not over yet Aiming for a new HIGH {image}
still holding on to my 1282 entry.
But quite careful now.
moved my stop to 1278
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