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The Swamp

  • #72,821
  • Jul 31, 2020 6:37am Jul 31, 2020 6:37am
Quoting TuTang
{quote} Yes. Is it Eu That provide liquidity for others? So later EU will stall whilst other fall.
EU is falling it should have been 1756 when it was @1780 the other pair behaved while EU did not.. Its unloading.. UCAD is locked in a range waiting to blowout in a direction..
  • #72,822
  • Jul 31, 2020 6:41am Jul 31, 2020 6:41am
Quoting nessus94
{quote} Usd at some point, i would prefer euro to load in but not gonna happen no one Want the dollar, it went from best currency to total shit, good for your trip to usa
bring a mask. Europe isn't getting getting U.S. tourist $ atm either. That's about 10% of ezone gdp. World cluster fuck is coming.
those who can, do. those who cant, talk about those who can
  • #72,823
  • Jul 31, 2020 6:52am Jul 31, 2020 6:52am
I was waiting all day a down move until at least 1.1844.

And now go with the bull at 1830 sl set, tp free

I believe we will finish the week above 1.19
Stay green boys !
  • #72,824
  • Jul 31, 2020 6:55am Jul 31, 2020 6:55am
Quoting q_import
{quote} EU is falling it should have been 1756 when it was @1780 the other pair behaved while EU did not.. Its unloading.. UCAD is locked in a range waiting to blowout in a direction..
I see. Not sure which direction but that seems big. It happened at 1.143
  • #72,825
  • Edited 7:10am Jul 31, 2020 6:56am | Edited 7:10am
Quoting TuTang
{quote} I got same signal. But it can still reverse now.

This is just like Dec 2014, only in reverse: no data at time suggested what would happen, but price was attracted to 1.21111 (50% fibo from 2000-2008 rise) and when it tripped that level, it took only 3 weeks to go down 10 figs. on Jan 23rd eu hit 1.1097 (I went back and read the EURUSD forum from late 2014 - interesting read!)

--- THE CHART PREVIEWS, BUT IT DOESN'T POST --- wtf?

If that were to replay in reverse, hitting 1.21111 again in a few days, we would be at 1.3000+ Sept 1.

This rise is occurring without US debt selling or share selling so it's NOT asset flow driven. Someone just wants the price to go up. And, they're getting help from nonsensical jawboning, for example: the EU agrees on a mutual debt suicide pact and the euro soars??? And, of course things are just soooo bad in the ole US of A (it's prolly all DT's fault!). And then there is retail FX over leveraged and loaded up with stimulus money, just itching to short the hell out of anything that looks like its risen too far too fast. So what's to stop it from hitting 1.3?
  • #72,826
  • Jul 31, 2020 6:57am Jul 31, 2020 6:57am
Quoting 1candlepower
{quote} This is just like Dec 2014, only in reverse: no data at time suggested what would happen, but price was attracted to 1.21111 (50% fibo from 2000-2008 rise) and when it tripped that level, it took only 3 weeks to go down 10 figs. on Jan 23rd eu hit 1.1097 (I went back and read the EURUSD forum from late 2014 - interesting read!) {image} If that were to replay in reverse, we would be at 1.3000+ Sept 1. This rise is occurring without US debt selling or share selling so it's NOT asset flow driven. Someone just wants the price to go up. And,...
Profit taking.
  • #72,827
  • Jul 31, 2020 7:06am Jul 31, 2020 7:06am
Quoting Anubisval
I was waiting all day a down move until at least 1.1844. And now go with the bull at 1830 sl set, tp free I believe we will finish the week above 1.19 Stay green boys !
Moved the sl on profit just to have no pain.
  • #72,828
  • Jul 31, 2020 7:08am Jul 31, 2020 7:08am
Quoting gatorinla
{quote} sure, but its mostly made off the past. The euro went to 1.6 off the belief the ez would never break up. One of the biggest ez trading partners has gone (UK). Now China is locked down. In the near future, those luxury items bought from China/Asia customers is slowing. Such as beamers etc. If one is locked down from traveling to ones job. That leaves less $ to buy luxury stuff from the Ez. Less $ to buy ez cheeses, wine, travel, etc.
Quoting gatorinla
{quote}When a country has a 2% economy. It dont take much trade cut to make that number negative. Its not just China/Asia affected. Australia relies on Asia for 71 % of its trade. Considering its economy size. It dont take much to shave a few points off. It dont take much to shave a point or 2 off the world economy. Everything is interconnected. If the world slows traveling, we all will feel it. Those Boeing jets are already hurting.
Quoting gatorinla
{quote}
Caterpillar is in line to tack a dump. Oil and so forth will take a hit.. Too many scenarios to think about. Did I mention GB markets weighted in oil related industry? Such as BP. WE wrap all the crap we buy in oil based plastic. Those jets run on kerosine (jet fuel). Baltic dry shipping is hurting. That will hurt Southern Europe. What about Russia's oil economy and the Middle East. Its all connected. Less oil $ means less BMW demand. The eurozone economy today. Is not as safe as a chart, even 1 month ago appears.
Quoting gatorinla
{quote}
I'm not saying the sky is falling. I'm saying a cat 5 hurricane is on the radar. Its heading for us all. The ez is not as safe as it was. None of us are. Lets pray the hurricane dies before reaching the shore. If it does, we still should expect some rain and winds. Its coming whether we are ready or not. Wishful thinking is not going to stop this. Nobody but a fool can say what will happen with certainty. We haven't had a economy like this ever before. And we haven't had a pandemic to test us. I hope it dont this time.
Some of this worked, some didnt. The stock markets are still on a rise. Oil couldn't rise. It seems like 2007/mid 2008 all over again. The u.s. has shaved 33% of its GDP, that's coming to the world in time.
those who can, do. those who cant, talk about those who can
  • #72,829
  • Jul 31, 2020 7:13am Jul 31, 2020 7:13am
a move above 1.1850 will cancel the bear strength
Make money by doing the opposite of Giveachance aka loser
  • #72,830
  • Jul 31, 2020 7:18am Jul 31, 2020 7:18am
Quoting gatorinla
{quote}{quote}{quote}{quote} Some of this worked, some didnt. The stock markets are still on a rise. Oil couldn't rise. It seems like 2007/mid 2008 all over again. The u.s. has shaved 33% of its GDP, that's coming to the world in time.

I read your posts sins 2015.
You have my respect and my best wishes. You, Avir, Boulder, Connors.
Great and wise guys!
  • #72,831
  • Edited 7:29am Jul 31, 2020 7:19am | Edited 7:29am
Quoting TuTang
{quote} Profit taking.
Not if the profit takers are willing to wait for 1.3

Actually there WAS some profit taking at 1.1097 and there was about a 400p pullback; but, then if fell ANOTHER 10 figs - so I guess anyone who took profit too soon was kicking themselves.
  • #72,832
  • Jul 31, 2020 7:20am Jul 31, 2020 7:20am
Quoting nessus94
a move above 1.1850 will cancel the bear strength
keeping most of the powder dry. I had a pending 1925.. Some R 1901/50. I thought 1919 would have been hit. I swung and missed.
those who can, do. those who cant, talk about those who can
  • #72,833
  • Jul 31, 2020 7:24am Jul 31, 2020 7:24am
Quoting gatorinla
{quote} keeping most of the powder dry. I had a pending 1925.. Some R 1901/50. I thought 1919 would have been hit. I swung and missed.
lets see if 1.1905+ is temporary top for a move down below 1.17
Make money by doing the opposite of Giveachance aka loser
  • #72,834
  • Jul 31, 2020 7:24am Jul 31, 2020 7:24am
Quoting TuTang
{quote} Profit taking.
I have some pending sells in place no buys orders until the sells are hit.. so it a waiting game now..
Eu will be 1827 range then if its hit the counter order for buy pending will be 1852
I will start unloading long term and medium term positions if the sell get hit I will wait until next week to start more longer trades again..
  • #72,835
  • Jul 31, 2020 7:33am Jul 31, 2020 7:33am
u.s. earnings down, but spending up. that cant last long. inflation with less wages.
those who can, do. those who cant, talk about those who can
  • #72,836
  • Jul 31, 2020 7:38am Jul 31, 2020 7:38am
Quoting nessus94
{quote} lets see if 1.1905+ is temporary top for a move down below 1.17
maybe this.. I didnt think it was top yet. lets see.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 17 KB
those who can, do. those who cant, talk about those who can
  • #72,837
  • Jul 31, 2020 7:40am Jul 31, 2020 7:40am
Quoting gatorinla
{quote} maybe this.. I didnt think it was top yet. lets see. {image}
You got so many levels, i'm losing track of them

what are the most important to look lately?
Make money by doing the opposite of Giveachance aka loser
  • #72,838
  • Jul 31, 2020 7:45am Jul 31, 2020 7:45am
Quoting gatorinla
u.s. earnings down, but spending up. that cant last long. inflation with less wages.
Just a thought... I have doubled my account with DJI30 fall with covid-19 appearance. It was so easy.
Just sell at opening and close at the end of the day for 3 weeks, every day.
Now DJI30 is it is muuuuuch higher than it should be. Inflated like a balloon
When I will see signs of another tornado coming, hope I will be there to short the hell out of it.


US economy is held by the big IT companies. But whit this Donald Duck president and all the people spending more than they earn.... I do not see a Hollywood happy ending... Only a Halloween Massacre...
  • #72,839
  • Jul 31, 2020 8:28am Jul 31, 2020 8:28am
We had 50% fibo on 1.1820. Next 61.8 is 1.1800
  • #72,840
  • Jul 31, 2020 8:28am Jul 31, 2020 8:28am
Quoting gatorinla
{quote} bring a mask. Europe isn't getting getting U.S. tourist $ atm either. That's about 10% of ezone gdp. World cluster fuck is coming.
Thought the same for weeks watching equities rise in UK and US scratching my head thinking..Worldwide recession looming and equities flying higher...Amazon, Netflix and co. Yep makes sense but ...the rest?
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