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The Swamp

  • #71,581
  • Jul 20, 2020 2:14am Jul 20, 2020 2:14am
Quoting gatenio
{quote} the drop still on.. it will drop more imo maybe even to the pivot again.
I have not done levels yet, I know 1464 is RU R2 , good place to short...
  • #71,582
  • Jul 20, 2020 2:14am Jul 20, 2020 2:14am
Quoting Boulder
{quote} I shorted 1461 and 1463 when I was up short time ago, and locked in +10 pips for now and leave it to run... lets see it can reach option level 1425 or 1400
if you can arrange it, i prefer it reach hell
  • #71,583
  • Jul 20, 2020 2:16am Jul 20, 2020 2:16am
Quoting Boulder
Good morning.. from newsqawk.. EU 1.1463 atm {image}

Good morning Boulder. It looks like there's some heavy weight in those option expiries.
  • #71,584
  • Jul 20, 2020 2:24am Jul 20, 2020 2:24am
Quoting Boulder
{quote} I shorted 1461 and 1463 when I was up short time ago, and locked in +10 pips for now and leave it to run... lets see it can reach option level 1425 or 1400
one stop out 1451 +10
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  • #71,585
  • Jul 20, 2020 2:28am Jul 20, 2020 2:28am
I just read on a news page which won't allow me to copy....Dutch Prime Minister Mark Rutte said EU leaders were making progress but warned discussions could still fall apart. And summit chairman Charles Michel urged them to make one last push on "mission impossible"

I still think the previous tweet was BS. Should drop back to at least 1.1420
  • #71,586
  • Jul 20, 2020 2:31am Jul 20, 2020 2:31am
EU 7/20 trading levels... next to print 1482 or 1406

RU R3 ----------1.1495
WP R2 ----------1.1488
DP R3 ----------1.1482
RU R2 ----------1.1464
DP R2 ----------1.1457
WP R1 ----------1.1451
MP R2 ----------1.1451
RU R1 ----------1.1449
DP R1 ----------1.1441
DP PP ----------1.1416
RU S1 ----------1.1406
DP S1 ----------1.1391
WP PP ----------1.1391
RU S2 ----------1.1387
DP S2 ----------1.1375
MP R1 ----------1.1375
RU S3 ----------1.1356
  • #71,587
  • Jul 20, 2020 2:32am Jul 20, 2020 2:32am
Quoting Blackopal
{quote} Closed half EG at .9118 from S .9131
Closed other short EG 91068
  • #71,588
  • Jul 20, 2020 2:33am Jul 20, 2020 2:33am
Quoting Blackopal
I just read on a news page which won't allow me to copy....Dutch Prime Minister Mark Rutte said EU leaders were making progress but warned discussions could still fall apart. And summit chairman Charles Michel urged them to make one last push on "mission impossible" I still think the previous tweet was BS. Should drop back to at least 1.1420
next hour.. better close below 1440 (current h candle)
  • #71,589
  • Jul 20, 2020 2:35am Jul 20, 2020 2:35am
Quoting gatenio
{quote} next hour.. better close below 1440 (current h candle)
24 minutes to go
  • #71,590
  • Jul 20, 2020 2:39am Jul 20, 2020 2:39am
fyi

EU leaders say progress in virus recovery summit, but warn talks could still fail

https://www.reuters.com/article/us-e...-idUSKCN24L068
  • #71,591
  • Jul 20, 2020 2:40am Jul 20, 2020 2:40am
EU leaders have edged closer to a compromise on a new long-term budget and a multi-billion euro coronavirus recovery fund and will reconvene on Monday (20 July) afternoon for a fourth day of negotiations.
After hours of bilateral meetings which began at midnight on Sunday, European Council president Charles Michel called time at 6am on Monday morning. Positions between member states are now much closer than they were at the beginning of the meeting but still far apart.
Michel is expected to present a new proposal that would rebalance the share of grants and loans at the request of the ‘Frugal Four’ states. According to various diplomatic sources, the landing zone would be between €390 and 400 billion in grants, as opposed to the original €500 billion.
Whether the final figure would amount to €750 billion, with €360 billion in loans, is still unclear but a new ‘negobox’ is on its way.
Italy, Spain, Portugal and Greece would like to see a more ambitious recovery fund with sufficient firepower to prop up their public finances weakened by the health crisis and the lockdown measures to contain it.
  • #71,592
  • Jul 20, 2020 2:56am Jul 20, 2020 2:56am
Still too bullish to short.... Pattern keep invalidating. Ill short higher. All XXUSD are ending swing
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  • #71,593
  • Jul 20, 2020 2:57am Jul 20, 2020 2:57am
The issue I'm seeing among my circle is this:
On one hand, the eu coming to an agreement is positive for euro no doubt.
The question is how much has the market priced in. Right now it seems market is positioning for an agreement.

So the question is when the announcement is made, will the market continue to bid up euro. Or will it be a buy the rumour, sell the fact case.

The expectation right now is for eu to continue to go higher until the announcement is made. After that nobody knows.

1.15 should be a point of contention. I would be very careful shorting early.
  • #71,594
  • Jul 20, 2020 2:58am Jul 20, 2020 2:58am
Quoting Boulder
{quote} I shorted 1461 and 1463 when I was up short time ago, and locked in +10 pips for now and leave it to run... lets see it can reach option level 1425 or 1400
stop out 1353 +10..
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  • #71,595
  • Jul 20, 2020 3:02am Jul 20, 2020 3:02am
Quoting thelws
The issue I'm seeing among my circle is this: On one hand, the eu coming to an agreement is positive for euro no doubt. The question is how much has the market priced in. Right now it seems market is positioning for an agreement. So the question is when the announcement is made, will the market continue to bid up euro. Or will it be a buy the rumour, sell the fact case. The expectation right now is for eu to continue to go higher until the announcement is made. After that nobody knows. 1.15 should be a point of contention. I would be very careful...
15-17 is possible maybe higher some people I know are talking about 18-20 because of inflation will shortly become an issue
Some are talking about parity...
  • #71,596
  • Jul 20, 2020 3:15am Jul 20, 2020 3:15am
Quoting q_import
{quote} 15-17 is possible maybe higher some people I know are talking about 18-20 because of inflation will shortly become an issue Some are talking about parity...
lol what time frame are they talking about? 3 months trade?
  • #71,597
  • Jul 20, 2020 3:32am Jul 20, 2020 3:32am
Broken Wedge on 1H target 1467-1504
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #71,598
  • Jul 20, 2020 3:45am Jul 20, 2020 3:45am
Quoting q_import
{quote} 15-17 is possible maybe higher some people I know are talking about 18-20 because of inflation will shortly become an issue Some are talking about parity...
15-17 is ok. I still have 1 1.112 retrace idk why it may be a missed.
  • #71,599
  • Jul 20, 2020 3:46am Jul 20, 2020 3:46am
Possible point for a bounce on DAX
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  • #71,600
  • Jul 20, 2020 3:55am Jul 20, 2020 3:55am
Still one last exhaustion move to the top side on good news from the EU Summit before the fall.
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