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The Swamp

  • #71,101
  • Jul 10, 2020 3:34pm Jul 10, 2020 3:34pm
Quoting Maroc-Ismail
I see shorts are still alive. I added on 1,1296. Will close before day ends. If I only did place my stops 2 pips higher, all positions would’ve survived. It’s no big deal, I am still green for today including my positions from this morning. {image}
Closed +36. Made back all the losses
  • #71,102
  • Edited Jul 11, 2020 1:46am Jul 10, 2020 10:08pm | Edited Jul 11, 2020 1:46am
Bullish Pennant or Descending triangle?, formed at close of trade on Friday. I think it's a bullish pennant.

A Pennant pattern is a continuation chart pattern, seen when a security experiences a large upward or downward movement, followed by a brief consolidation, before continuing to move in the same direction. A Pennant pattern has to be preceded by a strong up or down move that resembles a flagpole. If there isn’t a flagpole, then it's a triangle and not a Pennant
https://www.dailyfx.com/education/te...t-pattern.html

Descending Triangle- Sometimes a reversal pattern. Measurement indicates 30 pip move. Generally regarded as bearish. This quote from https://www.warriortrading.com/desce...angle-pattern/
"The Descending Triangle Pattern
In the paragraph above, I wrote about specific patterns operating differently depending on the market you trade.
The Descending Triangle Pattern is an excellent example of different results in different markets. In Forex, the Descending Triangle Pattern is an overwhelmingly bearish pattern – it is one of the most sought out shorting patterns in Forex.
For the stock market, Bulkowski has a total inverse performance to Forex for the descending triangle.
In fact, the performance rate for the descending triangle pattern on a break higher is an astonishing 55 out of 59."
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  • #71,103
  • Edited Jul 11, 2020 2:12am Jul 10, 2020 10:39pm | Edited Jul 11, 2020 2:12am
Triangle on the daily TF. Measurement indicates appx. 300 pip target on break out. It wouldn't take much of a stretch of imagination to call those separate big bull candles leading to the triangle a "flagpole", which would imply that this is a bullish pennant. So I've added a zoomed in weekly chart of this bullish pennant...
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  • #71,104
  • Edited 11:26pm Jul 10, 2020 11:08pm | Edited 11:26pm
On weekly I have down trend at 1.1387 drawn from 2018 (this chart). Another weekly downtrend from 2014 comes in about 1.1650. From 2008 comes in about 1.1800
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  • #71,105
  • Jul 11, 2020 2:06am Jul 11, 2020 2:06am
Good interview..
Inserted Video
  • #71,106
  • Jul 11, 2020 2:08am Jul 11, 2020 2:08am
Just to give you an idea about what is happening in London since 4th of July grand opening of economy in after COVID-19 ?

i will share some personal video's , pre-pandemic , during lock-down and from whatever i capture Tonight
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,107
  • Jul 11, 2020 4:03am Jul 11, 2020 4:03am
Shorts dollar need to get worried

Attached Image


Dealers most bullish since 2014....just when dollar went through the roof

Make your own decision
COT: The precious data ignored
  • #71,108
  • Jul 11, 2020 8:22am Jul 11, 2020 8:22am
Hi all,

I'm new here and would like to learn from you guys. I've been looking at the forum for a while now, and would like to seek your advice on whether i'm placing the indicators right. I've attached my analysis, the larger fibo is based on 4H chart, from the swing low (1 Jul) to the swing high (9 Jul), and the smaller fibo is based on 1H chart, swing low (10 Jul) to swing high (10 Jul).

From the chart, it looks like a 1H bullish chart with the price retracing to right at the 38.2 levels of both fibo indicators when the market closed. Based on the length of the most recent upswing (~50 pips), i predict a ~50 pip upswing until 1.35 which has served as resistance earlier in the H&S formation in the middle of the chart, then a retracement to 23.6/0 level of fib before going up to challenge the swing high of 1.37.

What do you guys think?
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  • #71,109
  • Jul 11, 2020 9:36am Jul 11, 2020 9:36am
Selling euro mid/long term?
h4/daily/weekly still selling, while h1 is still in buying mode.

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COT: The precious data ignored
  • #71,110
  • Edited 10:45pm Jul 11, 2020 10:34pm | Edited 10:45pm
Quoting TuTang
{quote} All my orders are missed by 3 pips..... only nu is running..... bad day
Its coming.. you will have a good day..
  • #71,111
  • Jul 12, 2020 4:19am Jul 12, 2020 4:19am
Quoting kuroro001
Selling euro mid/long term? h4/daily/weekly still selling, while h1 is still in buying mode. {image}
roadmap for next week
Attached Image
twitter: @gettoefl
  • #71,112
  • Edited 9:42am Jul 12, 2020 9:21am | Edited 9:42am
Amazon AMZN and Microsoft MSFT stocks - Nasdaq NDX NASDAQ100

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MT4, QChartist, Stooq, Alpha Vantage, TC 2000, TradingView, Yahoo Finance
  • #71,113
  • Jul 12, 2020 4:08pm Jul 12, 2020 4:08pm
Dr. Fauci's days are looking numbered. WH is trying to discredit him. https://en.wikipedia.org/wiki/Anthony_Fauci
those who can, do. those who cant, talk about those who can
  • #71,114
  • Jul 12, 2020 7:05pm Jul 12, 2020 7:05pm
Hopefully today will performing H & S
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  • #71,115
  • Jul 12, 2020 8:19pm Jul 12, 2020 8:19pm
Quoting gatorinla
{quote} higher week and day.. 1370 may be tested Monday.. Careful with eu shorts now till Monday. ej the opposite about shorts.. conflicting signals on euro pairs. Even so, 121.11 has a decent chance on ej Monday. After, this weeks low has a decent shot on ej Monday. Maybe eu 1370 test then, ej test Today's low area 120.26... It could be a momentum drop.
eu 1370 area, may be a short this week.. 1371/76 area R Monday and this week. Above this area is over extended. Eu 137x area looks like a bull magnet. A pull to 137x should let ej 121.11 rise or more to happen. After rise, ej may test last weeks low area or greater. That R at 137x on eu added with ej testing next weeks low. Would aid the eu to drop from 137x area.


Forecast..Eu to rise early Sunday/Monday 1355/76 ish. Later drop before Monday LC as ej is pulled down toward 120.2x or more..

If not Monday, the week forecast is exactly the same. But replace Friday with Monday.
those who can, do. those who cant, talk about those who can
  • #71,116
  • Jul 12, 2020 8:28pm Jul 12, 2020 8:28pm
Quoting gatorinla
Dr. Fauci's days are looking numbered. WH is trying to discredit him. https://en.wikipedia.org/wiki/Anthony_Fauci

It's difficult for decent and honourable people to survive in trump's sewer. Fauci's dedication to serving the public and his years of surviving the political arenas of previous administrations have sustained him against the odds. However, the pandemic and the abysmal response to it by trump's administration, combined with the close proximity to trump and poonce which Fauci has been required to endure, have ensured his inevitable demise. We can only hope that he and other honourable victims of this deceitful, vengeful and incompetent administration will have their positions, reputations and pride restored once these assholes are gone. But the damage is deep, and certainly terminal in many cases.
  • #71,117
  • Jul 12, 2020 8:32pm Jul 12, 2020 8:32pm
Quoting gatorinla
{quote} eu 1370 area, may be a short this week.. 1371/76 area R Monday and this week. Above this area is over extended. Eu 137x area looks like a bull magnet. A pull to 137x should let ej 121.11 rise or more to happen. After rise, ej may test last weeks low area or greater. That R at 137x on eu added with ej testing next weeks low. Would aid the eu to drop from 137x area. Forecast..Eu to rise early Sunday/Monday 1355/76 ish. Later drop before Monday LC as ej is pulled down toward 120.2x or more.. If not Monday, the week forecast is exactly the same....
ej wise 121.11 is a minimal #. It may be higher..
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those who can, do. those who cant, talk about those who can
  • #71,118
  • Jul 12, 2020 11:33pm Jul 12, 2020 11:33pm
Good morning it's new week.

Quoting gellowmellow
WPP next week around 1300, WR1 around 1350, MR1 at 1375. MPP will coincide with WS1 at 1250ish, 1250 vs 1375.
On my broker, WPP at 1302.
I'll play this 1252-1375 range for now, just careful as break of MR1 might spike 'til 1400 or even 143x+.
Wishing you green pips ahead!

PS I see the anticipated H&S is really forming (am not fan of patterns tho, ABC123, falling, rising, all these make me confuse haha).
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #71,119
  • Jul 12, 2020 11:41pm Jul 12, 2020 11:41pm
Quoting q_import
{quote} Its coming.. you will have a good day..
Finally, ill add more short as it go higher. Structure is giving....
  • #71,120
  • Jul 13, 2020 2:44am Jul 13, 2020 2:44am
Good morning.... from Newsqawk.. Eur1.1316 atm
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