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The Swamp

  • #72,901
  • Aug 2, 2020 1:56pm Aug 2, 2020 1:56pm
Looking to take some profits at 1.1732 level if reached, holding upper level entries then adding back into shorts on the bounce
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  • #72,902
  • Aug 2, 2020 2:31pm Aug 2, 2020 2:31pm
Hello everyone,
quick question: when adding to your winner, where do you put your sl for first and second entry?

Thanks
  • #72,903
  • Aug 2, 2020 4:29pm Aug 2, 2020 4:29pm
The Media was selling the UJ intervention really hard this week.. I will be buying to 1828 then wait for NY.. Stop is tight..
Strange.. issue. Multiple block trades for GU 1.22 strike went out last month. I didnt know how to take it.. (I felt confused) especially the COT data..
NZD makes sense to me.. but others not so much.. Its like being in a plane and its leaning to much to one side and they have to turn it into another direction..
  • #72,904
  • Aug 2, 2020 5:12pm Aug 2, 2020 5:12pm
Quoting q_import
The Media was selling the UJ intervention really hard this week.. I will be buying to 1828 then wait for NY.. Stop is tight.. Strange.. issue. Multiple block trades for GU 1.22 strike went out last month. I didnt know how to take it.. (I felt confused) especially the COT data.. NZD makes sense to me.. but others not so much.. Its like being in a plane and its leaning to much to one side and they have to turn it into another direction..
Last week COT, noncommercials net longs in euro futures are the highest ever too..
  • #72,905
  • Edited 6:16pm Aug 2, 2020 5:30pm | Edited 6:16pm
Quoting Boulder
{quote} Last week COT, noncommercials net longs in euro futures are the highest ever too..
idk yet where to go im just ranging at the moment 1850 seems like an easy target..
If those are new people to forex it may get faded it almost to good to pass up.. If they are sells we will rise vise versa buys.
Almost every time there is huge volume it gets faded at least when I am paying attention to the volume this is unknown territory to me..
If this is SEASONAL cycle it could explain the volume..
  • #72,906
  • Aug 2, 2020 5:50pm Aug 2, 2020 5:50pm
lc closed higher month week day etc. some light month R 1794, and tl 1805 other R 8010/13/15 h close wise. lots of meaningful R 180x/015 ish.

Summarize. Its against trend, some R 1794/8015. Plus Month, week and day lc usually want a retest of high.
those who can, do. those who cant, talk about those who can
  • #72,907
  • Aug 2, 2020 7:22pm Aug 2, 2020 7:22pm
After a long time Asia buying dollars..guess there will be dollar buying till jobs data
  • #72,908
  • Aug 2, 2020 7:27pm Aug 2, 2020 7:27pm
Quoting gatorinla
lc closed higher month week day etc. some light month R 1794, and tl 1805 other R 8010/13/15 h close wise. lots of meaningful R 180x/015 ish. Summarize. Its against trend, some R 1794/8015. Plus Month, week and day lc usually want a retest of high.
just like when 0770 tl 26 year tl was breached to 0634 and rejected, the 12 year tl at 1806 rejected the month close so far. .
those who can, do. those who cant, talk about those who can
  • #72,909
  • Aug 2, 2020 7:38pm Aug 2, 2020 7:38pm
EU Long TP 1824
Then Short at that level it should be NY or tomorrow by then..

GN everyone have a great trading day
  • #72,910
  • Aug 2, 2020 7:40pm Aug 2, 2020 7:40pm
Quoting gatorinla
{quote} just like when 0770 tl 26 year tl was breached to 0634 and rejected, the 12 year tl at 1806 rejected the month close so far. .
dazed and confused with a 2890 ej target..
those who can, do. those who cant, talk about those who can
  • #72,911
  • Aug 2, 2020 7:48pm Aug 2, 2020 7:48pm
Quoting gatorinla
{quote} dazed and confused with a 2890 ej target..
Do you know why is UJ running like mad it hit 104.18 boj talked about fx stability soon after it has move 200 pips now hit 106.41

Crazy PA.i thought yen will be bought
  • #72,912
  • Aug 2, 2020 7:52pm Aug 2, 2020 7:52pm
Quoting gatorinla
{quote} Here is where 1714 may get crushed. the 12 year tl was broken. Friday the was unable to hold it, for month's end. 4h support is at 1701. a 4h close below 1701, along with a day close below 1714. Give bears a better chance to fall. 1271, 1317, 1537 looks like magnets for bears. 1208/17 supports. pa can still be bullish at a 1208 retrace. 1177 is day support. But support is support until closed below/ {image}
safest long here up to 1683 ish.. you want a 4 close above 1702. A day ny above 1714. But pa may test 1683. The closes matter. some decent support expected 1683/114.. zoomed in med point 1701/04

light ej pullbacks may be bought, but it looks strong atm. Even so, light buys should have stops. Since eu is in the tl withdraw. stops are a must regardless.
those who can, do. those who cant, talk about those who can
  • #72,913
  • Aug 2, 2020 8:03pm Aug 2, 2020 8:03pm
Quoting euroboy2208
{quote} Do you know why is UJ running like mad it hit 104.18 boj talked about fx stability soon after it has move 200 pips now hit 106.41 Crazy PA.i thought yen will be bought
I had a long signal on Friday's close for 128.9. The eu is bullish in my guesstimate. But it is bullish to me even at 119x.. 1208 or 1272 also. After such a large move. Profit takers are waiting for a better price. So I expect the bullish ej to fall some too. 170x eu area is not too much to ask for. Its probably less than needed to interest the larger bulls. So keep a stop.. tp some on bounce. 1573 and less may be where larger $ are,
those who can, do. those who cant, talk about those who can
  • #72,914
  • Aug 2, 2020 8:52pm Aug 2, 2020 8:52pm
Quoting gatorinla
{quote} I had a long signal on Friday's close for 128.9. The eu is bullish in my guesstimate. But it is bullish to me even at 119x.. 1208 or 1272 also. After such a large move. Profit takers are waiting for a better price. So I expect the bullish ej to fall some too. 170x eu area is not too much to ask for. Its probably less than needed to interest the larger bulls. So keep a stop.. tp some on bounce. 1573 and less may be where larger $ are,
Thanks for some reasons I never understood these yen Pairs..
  • #72,915
  • Aug 2, 2020 9:46pm Aug 2, 2020 9:46pm
Let’s see how this plays out.
Currently short and close to a target level.

Price is now back to its rising trend line- is the trend still a friend to the buyers?
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  • #72,916
  • Aug 2, 2020 9:55pm Aug 2, 2020 9:55pm
DAX climbing steps. Does the current top pattern look familiar?
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  • #72,917
  • Aug 2, 2020 9:55pm Aug 2, 2020 9:55pm
Quoting q_import
The Media was selling the UJ intervention really hard this week.. I will be buying to 1828 then wait for NY.. Stop is tight.. Strange.. issue. Multiple block trades for GU 1.22 strike went out last month. I didnt know how to take it.. (I felt confused) especially the COT data.. NZD makes sense to me.. but others not so much.. Its like being in a plane and its leaning to much to one side and they have to turn it into another direction..
I have the same setup and target. But didnt take it
  • #72,918
  • Aug 3, 2020 12:03am Aug 3, 2020 12:03am
Quoting Blackopal
DAX climbing steps. Does the current top pattern look familiar? {image}
I stacked EU shorts from 1766 -77. GU from 1.3085- 3094. Still think both are bullish but I don't think the correction is over yet.
  • #72,919
  • Aug 3, 2020 12:13am Aug 3, 2020 12:13am
Corresponding pattern to DAX. Candles rise from flagpole on EU then drop, drop from flagpole on DAX, then rise. Traps.
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  • #72,920
  • Aug 3, 2020 12:37am Aug 3, 2020 12:37am
Quoting Blackopal
{quote} I stacked EU shorts from 1766 -77. GU from 1.3085- 3094. Still think both are bullish but I don't think the correction is over yet.
You might consider higher. 1812 is a magnet. Its coming london
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