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The Swamp

  • #71,221
  • Jul 14, 2020 9:24am Jul 14, 2020 9:24am
Quoting Boulder
{quote} Fed POMO $12 bil this morning, just more QE, ruined dollar and helped Eu run...
gotta wonder about the timing sometimes.
Everyone probably knows that the earnings season is going to be shit.
So fed chooses to intervene during earnings season.
  • #71,222
  • Jul 14, 2020 9:26am Jul 14, 2020 9:26am
Quoting Boulder
{quote} EU next to print 1362 or 1321 RU R3 ----------1.1416 DP R2 ----------1.1386 WP R2 ----------1.1383 RU R2 ----------1.1382 MP R1 ----------1.1375 DP R1 ----------1.1368 RU R1 ----------1.1362 WP R1 ----------1.1353 DP PP ----------1.1338 RU S1 ----------1.1321 DP S1 ----------1.1307 WP PP ----------1.1304 RU S2 ----------1.1301 DP S2 ----------1.1289 RU S3 ----------1.1267
EU cleared all my top levels but one 1416

RU R3 ----------1.1416
DP R2 ----------1.1386
WP R2 ----------1.1383
RU R2 ----------1.1382
MP R1 ----------1.1375
DP R1 ----------1.1368
RU R1 ----------1.1362
WP R1 ----------1.1353
DP PP ----------1.1338
RU S1 ----------1.1321
  • #71,223
  • Jul 14, 2020 9:26am Jul 14, 2020 9:26am
Quoting gellowmellow
break of MR1 might spike 'til 1400 or even 143x+
Bench mode... will wait for H4 candles to print or PA reaction on 143x+/133x-.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #71,224
  • Jul 14, 2020 9:27am Jul 14, 2020 9:27am
Short 1399 to 1395
  • #71,225
  • Jul 14, 2020 9:28am Jul 14, 2020 9:28am
Quoting Fxminer
Short 1399 to 1395
Brave, haha. Wish you green pips.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #71,226
  • Jul 14, 2020 9:29am Jul 14, 2020 9:29am
added some more at 1398 no stops but full hedge at 1403
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,227
  • Jul 14, 2020 9:31am Jul 14, 2020 9:31am
Quoting Avir
added some more at 1398 no stops but full hedge at 1403
that was early ... flat for now
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,228
  • Jul 14, 2020 9:31am Jul 14, 2020 9:31am
Eu short 1396 and 1398 and pending 1415
no more add unless TP out..
  • #71,229
  • Jul 14, 2020 9:34am Jul 14, 2020 9:34am
Quoting Fxminer
Short 1399 to 1395
More Short 1400
  • #71,230
  • Edited 10:47am Jul 14, 2020 9:35am | Edited 10:47am
Quoting Boulder
Eu short 1396 and 1398 and pending 1415 no more add unless TP out..
yup,,, more short at 1414 - No stops
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,231
  • Jul 14, 2020 10:43am Jul 14, 2020 10:43am
Pending SHORT
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A good trader follows his rules, but great trader knows when to break them
  • #71,232
  • Jul 14, 2020 10:44am Jul 14, 2020 10:44am
out of all long
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,233
  • Jul 14, 2020 10:45am Jul 14, 2020 10:45am
Is it the summer time/vacation time that is causing the markets to seem tough to trade? Of course there is the coronavirus news and there is the Trump trade wars with China, but it seems things are still difficult to follow recently.
  • #71,234
  • Jul 14, 2020 10:47am Jul 14, 2020 10:47am
Very strong buy pressure but i take my chances on the Risk : reward.

Trade 1: Shorts at 1.14050 (1/4 size)
Trade 2: Shorts at 1.14000 (1/4 size)

Pending levels
Pending Trade 3: Short at 936 (1/4 size)
Pending Trade 4: Short at 861 (1/4 size)
Pending Trade 5: Short at 813 (1/4 size)

TP 1/2 @ .3700 range.
TP 1/2 a@ .3500 range.

Stop loss for Trade 1 and 2: 4070
Rest trailing if triggered and set to b/e basis depending on PA where market goes in next 4 hours.

DXY looking nasty given where it is. 50/50 bounce or break. 9617.6 key to unlocking.
US Equities looking weaker tbh.

Correlation is off these days. So not sure if flight to safety for Eur or Dollar.

Stay safe. Market looking like it can go both ways.
Only thing left to play is Risk / Reward and if trading contrary, keep tight stops, small sizes.
There is no royal road to anything.
  • #71,235
  • Jul 14, 2020 10:48am Jul 14, 2020 10:48am
Quoting Avir
{quote} yup,,, more short at 1414 - No stops
deleted the pending short from 1403
No stops planed yet
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,236
  • Jul 14, 2020 11:40am Jul 14, 2020 11:40am
10th June high at 1422 is now in play,,, so far it dont looks like they want to break that top just yet, but after another green daily handle it is possible tomorrow
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,237
  • Jul 14, 2020 11:58am Jul 14, 2020 11:58am
short ej.. Now I need a tweet on china deal cancellation.. I got confidence on a stupid tweet to take peoples mind off Corona or Mary's book.
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those who can, do. those who cant, talk about those who can
  • #71,238
  • Jul 14, 2020 12:11pm Jul 14, 2020 12:11pm
Took em out at B/E. 1.14020. Was lucky to be able to get out without damage.
Don't like the strength of this at all. No trades pending.

Every single small retrace was met with strong bounce. PA starting to feel slightly exhausted but that might be because it is lunch. Sitting out till clearer direction.

Stay safe all. Happy trading.

There is no royal road to anything.
  • #71,239
  • Jul 14, 2020 12:25pm Jul 14, 2020 12:25pm
Quoting gatorinla
short ej.. Now I need a tweet on china deal cancellation.. I got confidence on a stupid tweet to take peoples mind off Corona or Mary's book. {image}
""Now I need a tweet on china deal cancellation""
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,240
  • Jul 14, 2020 12:48pm Jul 14, 2020 12:48pm
Quoting Avir
{quote} ""Now I need a tweet on china deal cancellation""
Trump will have conference at 5pm est.. I just heard
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