The Swamp | Page 3594 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #71,861
  • Jul 22, 2020 5:33am Jul 22, 2020 5:33am
Quoting unlv_tj
What is up with the EUR strength this morning? It is just shooting up with no brakes.

I guess more to do with Dollar weakness
  • #71,862
  • Jul 22, 2020 5:36am Jul 22, 2020 5:36am
Quoting BearingBull
{quote} I guess more to do with Dollar weakness
The EURJPY is flying up to, right through a great supply zone. Is there some Euro news or is this maybe a risk on move due to possible 2nd round of US coronavirus relief packs?
  • #71,863
  • Jul 22, 2020 6:19am Jul 22, 2020 6:19am
IMHO that was the blow off top to finish the current uptrend before the pullback commences.

Lots of early shorts got blown accounts and FOMO longs adding right at the high.
  • #71,864
  • Jul 22, 2020 6:43am Jul 22, 2020 6:43am
Quoting suntan
IMHO that was the blow off top to finish the current uptrend before the pullback commences. Lots of early shorts got blown accounts and FOMO longs adding right at the high.
I have to ask myself why 2 days of correlation disruption EU UCHF we can see through it but are people paying attention?
It was a massive load of long contracts so are shorters providing liquidity?
  • #71,865
  • Jul 22, 2020 6:46am Jul 22, 2020 6:46am
I guess I am all set blow my account at 1.1598
  • #71,866
  • Jul 22, 2020 6:57am Jul 22, 2020 6:57am
Quoting suntan
IMHO that was the blow off top to finish the current uptrend before the pullback commences. Lots of early shorts got blown accounts and FOMO longs adding right at the high.
only problem is, price action doesn't seem to agree.
in fact it seems to want to go higher.
  • #71,867
  • Jul 22, 2020 6:59am Jul 22, 2020 6:59am
Quoting thelws
{quote} only problem is, price action doesn't seem to agree. in fact it seems to want to go higher.
It will they have to pay people for 2 days of sending emails phone calls getting everything setup.. Pulling peoples positions and re position entire portfolios this is not a cheap move .. disrupting the market flow.. I think this is a rocketship..
if this starts dropping by tomorrow it will break the NY High and keep going..
  • #71,868
  • Jul 22, 2020 7:07am Jul 22, 2020 7:07am
Quoting q_import
{quote} It will they have to pay people for 2 days of sending emails phone calls getting everything setup.. Pulling peoples positions and re position entire portfolios this is not a cheap move .. disrupting the market flow.. I think this is a rocketship.. if this starts dropping by tomorrow it will break the NY High and keep going..
Man XD. It will come soon 1.158x is text book. Ill enjoy free money GU for now
  • #71,869
  • Jul 22, 2020 7:21am Jul 22, 2020 7:21am
it's so frustrating, im just trading against an endless trend
why? why why why?
no matter how much I say it does not make sense I keep doing it when every fresh fish in the market makes money, I fight for how I do not lose money
  • #71,870
  • Jul 22, 2020 7:26am Jul 22, 2020 7:26am
Quoting TuTang
{quote} Man XD. It will come soon 1.158x is text book. Ill enjoy free money GU for now
Keep watching AUD and NZD look at UM and UC
You can see where is all starts.. and how each back each other up.
  • #71,871
  • Edited 7:47am Jul 22, 2020 7:30am | Edited 7:47am
Quoting q_import
{quote} Keep watching AUD and NZD look at UM and UC
Thanks for the Advice man . Ill see those target for the US open. Keep them in my book. This rally is the same bounce from 1.248x to 1.264x. Might not last long. Should see entry for correction move.
And of course then more bulls but I keep my 1.158x as level to track for M close this month on EU. lets see what happen
  • #71,872
  • Jul 22, 2020 7:34am Jul 22, 2020 7:34am
Quoting gatenio
it's so frustrating, im just trading against an endless trend why? why why why? no matter how much I say it does not make sense I keep doing it when every fresh fish in the market makes money, I fight for how I do not lose money
Markets alternate between trending and ranging. Now it is trending.
Last few weeks were ranging. Those weeks were hell for me because I'm a trend trader.
Now I'm making money.
Ram a square peg into a round hole and eventually it will fit at some point.
  • #71,873
  • Jul 22, 2020 7:40am Jul 22, 2020 7:40am
again buying more 1.16
easy money

1.17 tomorrow?
Make money by doing the opposite of Giveachance aka loser
  • #71,874
  • Jul 22, 2020 7:42am Jul 22, 2020 7:42am
DX almost at March low, a bit more or one day more of push.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #71,875
  • Jul 22, 2020 7:59am Jul 22, 2020 7:59am
accumulation of longs under the 1.16 resistance, then break up during new york
Make money by doing the opposite of Giveachance aka loser
  • #71,876
  • Jul 22, 2020 8:03am Jul 22, 2020 8:03am
Quoting gellowmellow
DX almost at March low, a bit more or one day more of push.
Quoting Connors
{quote} Pending short 1.1643/1.1649 conditional only for this week.
Patience is a virtue..
  • #71,877
  • Jul 22, 2020 8:07am Jul 22, 2020 8:07am
Quoting gatenio
it's so frustrating, im just trading against an endless trend why? why why why? no matter how much I say it does not make sense I keep doing it when every fresh fish in the market makes money, I fight for how I do not lose money

Why not take a few days off mate, I mean no trading but just monitoring the pa. You are a decent trader but it happens even to best of us. It is just a change in market conditions and probably you need to give some time to yourself to adapt. That's all.
  • #71,878
  • Jul 22, 2020 8:12am Jul 22, 2020 8:12am
Quoting thelws
{quote} only problem is, price action doesn't seem to agree. in fact it seems to want to go higher.
Let's see what NY has in store but 1.16 could be the top, pretty strong resistance there.
  • #71,879
  • Jul 22, 2020 8:20am Jul 22, 2020 8:20am
saved for now, will cut loss 1.1545, i hope
  • #71,880
  • Jul 22, 2020 8:22am Jul 22, 2020 8:22am
1595 was a big norm.. But on days like this, its best to shut up.
those who can, do. those who cant, talk about those who can
70 traders viewing now