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The Swamp

  • #72,521
  • Jul 29, 2020 5:09am Jul 29, 2020 5:09am
Quoting Mitiblotch
W pattern after tryiing support at 1700 a couple of times. I see N.Y. touching 1770 tonight again. I dare not sell a W in an uptrend.
Well, 1770 got hit, but they waited till morning. Still holding buys and waiting for 1825 for final TP. FOMC may give it to me. From there I intend to sell to 1570, if the stars align.
  • #72,522
  • Jul 29, 2020 5:10am Jul 29, 2020 5:10am
Quoting gatorinla
{quote} man that was pretty shitty of you... now I'm gonna have that stupid song on my mind all day..
  • #72,523
  • Jul 29, 2020 5:14am Jul 29, 2020 5:14am
Quoting KiwiTrada
{quote} not weekly Monthly
virtually all pull backs from these (swissy) monthly levels were SNB interventions, with little warning, I feel that now being the norm, the signs are there, swissy starting to move now, watchout for the acceleration !!! dont get caught with pants around ankles
If you are new to Forex? Say Goodbye to your account!!
  • #72,524
  • Jul 29, 2020 5:42am Jul 29, 2020 5:42am
Quoting KiwiTrada
{quote} virtually all pull backs from these (swissy) monthly levels were SNB interventions, with little warning, I feel that now being the norm, the signs are there, swissy starting to move now, watchout for the acceleration !!! dont get caught with pants around ankles
Not sure about that but EU and GU bout to spill over.

m5 chart hold the key
  • #72,525
  • Jul 29, 2020 5:46am Jul 29, 2020 5:46am
Quoting TuTang
Buying Ucad and UCHF for FOMC positioning. Risk 10 pips if stopped out then ill stop trading til its done. @UCAD 1.3344 @UCHF 0.9148
B/E and off to the beach have a nice FOMC ppl
  • #72,526
  • Jul 29, 2020 6:14am Jul 29, 2020 6:14am
Apart from Gator's 1.1485, I guess 1.1670 is quite significant. Month close above and it may reach levels above 1.2400s.

If this will retrace, it is essential that we see daily closes below 1.1600 - 1.1596 to be precise.

Playing shorts for a test of 1.1600 at least but will be careful when/if it gets there.
  • #72,527
  • Jul 29, 2020 6:18am Jul 29, 2020 6:18am
Quoting Connors
Apart from Gator's 1.1485, I guess 1.1670 is quite significant. Month close above and it may reach levels above 1.2400s. If this will retrace, it is essential that we see daily closes below 1.1600 - 1.1596 to be precise. Playing shorts for a test of 1.1600 at least but will be careful when/if it gets there.

If we reach the selling area of 1.18x after FOMC tonight, how plausible do you see a sell-off rally down to 1.16 or 1.485?, with bulls so much in control that they will pursue a bullish monthly close on friday.
I don't know...
  • #72,528
  • Jul 29, 2020 6:25am Jul 29, 2020 6:25am
Quoting Kartveli
{quote} If we reach the selling area of 1.18x after FOMC tonight, how plausible do you see a sell-off rally down to 1.16 or 1.485?, with bulls so much in control that they will pursue a bullish monthly close on friday.
It is possible with profit taking but bulls are still clearly in control. 1.1600 is an easy target compared to 1.1485. Possible but difficult.
  • #72,529
  • Jul 29, 2020 6:28am Jul 29, 2020 6:28am
Quoting Connors
{quote} It is possible with profit taking but bulls are still clearly in control. 1.1600 is an easy target compared to 1.1485. Possible but difficult.
nothing easy..

i want eu will make the top again 1h/30m b4 LC.. i think that will be "easy" scalp down.
  • #72,530
  • Jul 29, 2020 6:32am Jul 29, 2020 6:32am
Quoting keongzai94
EU long 1.1745, TP 1.18 SL 1.1730
SL hit, will buy again at around 1.172-1.1725 level.
  • #72,531
  • Jul 29, 2020 6:40am Jul 29, 2020 6:40am
If it makes anyone feel better, I met a friend this morning who lost ca. 15 Mil USD with XAU,EUR,GBP shorts on Monday. He began with an amount of 1 Mil three years ago, gladly withdrawn his initial investment. Everything was good till March 2020,lost control and sadly lost it all. So long story short, losses are part of the game, don't torture yourself.
  • #72,532
  • Edited 7:14am Jul 29, 2020 7:02am | Edited 7:14am
If recent moves across the 100 + 200 sma's on the 5m cht hold, the 30p above should make 30 below, just touching 1700 soon. It only seems to happen when the 100 + 200 are positioned the way they are now. I have no idea why.

Sometimes, major S/R terminate it prematurely ( ... like the major TL at 1720 or the 38.2 fib of the big eu up move @ 1719 in the present case)
  • #72,533
  • Jul 29, 2020 7:03am Jul 29, 2020 7:03am
Look at this EU.
I’m a bit annoyed, lol.
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
  • #72,534
  • Jul 29, 2020 7:16am Jul 29, 2020 7:16am
Short gu @2973 stl 79
Last chance really.
  • #72,535
  • Jul 29, 2020 8:03am Jul 29, 2020 8:03am
"Took one little AU long 71.82 and pending 71.8 just to test buy the break of high. Will cut loss on a dip"

This was a failed experiment. I didn't like it from the minute I clicked the buy button. It may have eventually paid off, but I've cut it by buying again at .7170, waited til they balanced and out at BE.
  • #72,536
  • Jul 29, 2020 8:10am Jul 29, 2020 8:10am
Quoting TuTang
Short gu @2973 stl 79 Last chance really.
question for the bulls, will they make a lot of profits if they buy now 1.2983 ?
Make money by doing the opposite of Giveachance aka loser
  • #72,537
  • Jul 29, 2020 8:15am Jul 29, 2020 8:15am
Quoting nessus94
{quote} question for the bulls, will they make a lot of profits if they buy now 1.2983 ?
Seems possible but overextended twice already. Bulls may be whipped
  • #72,538
  • Jul 29, 2020 8:15am Jul 29, 2020 8:15am
Quoting nessus94
{quote} question for the bulls, will they make a lot of profits if they buy now 1.2983 ?
time will tell,
sold 2983, bearish crab

i will add 2995 and 3030
  • #72,539
  • Jul 29, 2020 8:22am Jul 29, 2020 8:22am
Quoting TuTang
{quote} Seems possible but overextended twice already. Bulls may be whipped

It's kept up with the EU run. Almost relentless. I shorted it for 20 pips yesterday. I'd be down 40 today if still holding. Today I'm up 35 on EG short. I would have no fundamental reason to short the Euro against the pound, only did it because of chart.
  • #72,540
  • Jul 29, 2020 8:23am Jul 29, 2020 8:23am
GU WPP + prev week's range at 2991.
Last week, it consumed its prev week's range also.

The weekly ignored SMA200 and might breakout above kumo.
GU looks like more room above than EU.

I guess all the answers on how DX becomes on the next days... it's also benefiting from DX weakness rather than pound strength.

This is just me...
Peace is more valuable than success.
LifeDrifts v1 [automated] All Time Return: -0.1%
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