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The Swamp

  • #78,561
  • Nov 19, 2020 3:09pm Nov 19, 2020 3:09pm
Quoting DMA Trader
{quote} there is no triple top right ? )) GU
dono.. sometimes 4 top
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those who can, do. those who cant, talk about those who can
  • #78,562
  • Nov 19, 2020 3:47pm Nov 19, 2020 3:47pm
Quoting Connors
Current price action feels like consolidation into resistance. Can't short it, can't buy it.. Weird..
I wasn't wrong I guess. This can easily get to 1.2060s now if day closes above 1.1876.
  • #78,563
  • Nov 19, 2020 4:16pm Nov 19, 2020 4:16pm
fyi.. Fed less QE now ???
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  • #78,564
  • Nov 19, 2020 4:18pm Nov 19, 2020 4:18pm
Quoting Boulder
last shorts today Eur 1864 and Aud 7285... if not TP out,, I am done today ,,, Eur testing H1 downtrend stop at 1.1855.7.. let see bears can defend it....40 mins to go...
AudUsd TP out first..+10
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  • #78,565
  • Nov 19, 2020 4:25pm Nov 19, 2020 4:25pm
EurUsd Datapoints atm.. bullish cross board...after bulls defended H4 uptrend stop this morning..
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  • #78,566
  • Nov 19, 2020 4:26pm Nov 19, 2020 4:26pm
Swiss bulls have not given up H4 uptrend..
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  • #78,567
  • Nov 19, 2020 4:28pm Nov 19, 2020 4:28pm
AudUsd. bears still held H1 and H4 downtrend even with good employment news..
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  • #78,568
  • Nov 19, 2020 4:38pm Nov 19, 2020 4:38pm
Quoting Boulder
EurUsd Datapoints atm.. bullish cross board...after bulls defended H4 uptrend stop this morning.. {image}

Sometimes luck can go either way. It went my way when I closed all shorts before having a sleep. If I'd stayed up another hour I'd have shorted a couple of times on the way up to here and would be under a bit of water. Brexit deal on, not on, on again. Round and round we go.
  • #78,569
  • Nov 19, 2020 4:44pm Nov 19, 2020 4:44pm
Quoting Blackopal
{quote} Sometimes luck can go either way. It went my way when I closed all shorts before having a sleep. If I'd stayed up another hour I'd have shorted a couple of times on the way up to here and would be under a bit of water. Brexit deal on, not on, on again. Round and round we go.
I thought about you that time when everything was flying high with stimulus news..... what a smart move by what you did ...
  • #78,570
  • Nov 19, 2020 4:46pm Nov 19, 2020 4:46pm
I think this might come to some effect later.

S&P 500 futures drop as Mnuchin pulls plug on Fed emergency lending programmes

https://www.fxstreet.com/news/sp-500...paign=analysis


Traders will be keeping an eye on how the market reaction continues at the reopen of futures trade at 23:00GMT, and then how European participants digest the move when they begin to arrive from 06:00GMT on Friday.
FX markets do not seem as bothered, though minor downside has been seen in some of the more risk-sensitive currencies (AUD, NZD, CAD) in recent trade. Perhaps if any adverse reaction continues to extend during Friday’s Asia session, this could have more read across to FX (havens such as USD, CHF and JPY would likely outperform in this scenario).
  • #78,571
  • Nov 19, 2020 5:20pm Nov 19, 2020 5:20pm
Quoting Boulder
I think this might come to some effect later. S&P 500 futures drop as Mnuchin pulls plug on Fed emergency lending programmes https://www.fxstreet.com/news/sp-500...paign=analysis Traders will be keeping an eye on how the market reaction continues at the reopen of futures trade at 23:00GMT, and then how European participants digest the move when they begin to arrive from 06:00GMT on Friday. FX markets do not seem...
Yes, EU closed green day. GU recovered most of it's losses, but still closed red day, so a bit odd that EU did so well out of Brexit news, but GU lagged. AU did not get as much pump from news as EU, still closed red day. Even NU closed red, but recovered most losses, did better than AU. Gold gapped down open here in Aus just now. From about 1866.75 to 1861.30. Now little bounce 1863.3. Market not trusting Brexit "news", and still cautious with shutdowns and virus raging.
  • #78,572
  • Nov 19, 2020 5:35pm Nov 19, 2020 5:35pm
Quoting Boulder
I think this might come to some effect later. S&P 500 futures drop as Mnuchin pulls plug on Fed emergency lending programmes https://www.fxstreet.com/news/sp-500...paign=analysis Traders will be keeping an eye on how the market reaction continues at the reopen of futures trade at 23:00GMT, and then how European participants digest the move when they begin to arrive from 06:00GMT on Friday. FX markets do not seem...

That didn't take long. The Fed, as we suspected, is furious, issuing a statement:
"The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy."
For the Fed to publicly respond so quickly is quite a change of regime for the typically stoic and 'independent' entity
  • #78,573
  • Nov 19, 2020 5:40pm Nov 19, 2020 5:40pm
Quoting Blackopal
{quote} That didn't take long. The Fed, as we suspected, is furious, issuing a statement: "The Federal Reserve would prefer that the full suite of emergency facilities established during the coronavirus pandemic continue to serve their important role as a backstop for our still-strained and vulnerable economy." For the Fed to publicly respond so quickly is quite a change of regime for the typically stoic and 'independent' entity
I am just glad markets are selling the news now...
  • #78,574
  • Nov 19, 2020 5:42pm Nov 19, 2020 5:42pm
Quoting Blackopal
AN is digging in too deep to be a double bottom. I'll keep an eye on it to see where it closes the day. The Head and Shoulder pattern on it has a potential target of around 470 pips. Fundamentally I can't see the likelyhood of that happening, but then again I didn't expect EN to drop 800 in a month. {image} {image}

Just for fun, I took a tiny short at 1.0529 to leave on AN Head and Shoulder pattern. May adjust later, see if it continues down or retrace to neckline I might add a little. It did continue down thru Thursday session, daily candle red.
  • #78,575
  • Nov 19, 2020 5:48pm Nov 19, 2020 5:48pm
Quoting Boulder
{quote} I am just glad markets are selling the news now...
I trust the EU Brexit news more than the U.S. stimulus. U.S. is so divided, and trump is irrational and still has so much influence. Mnuchin probably doing what trump tells him to. Putin couldn't be happier with how disruptive trump is at this stage. You should do well on Friday's session, shaping up to be volatile.
  • #78,576
  • Nov 19, 2020 8:07pm Nov 19, 2020 8:07pm
fyi
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  • #78,577
  • Nov 20, 2020 3:11am Nov 20, 2020 3:11am
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Quoting Boulder
last shorts today Eur 1864 and Aud 7285... if not TP out,, I am done today ,,, Eur testing H1 downtrend stop at 1.1855.7.. let see bears can defend it....40 mins to go...
Good morning.. flat this Eu here 1859 and more +18 for now.. ...
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  • #78,578
  • Nov 20, 2020 3:16am Nov 20, 2020 3:16am
testing M30 uptrend stop 1866 atm...let see bulls can hold...14 mins to go...
  • #78,579
  • Nov 20, 2020 3:25am Nov 20, 2020 3:25am
fyi
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  • #78,580
  • Nov 20, 2020 3:31am Nov 20, 2020 3:31am
Eur datapoints atm.. M30 just reversed to downtrend....
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