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The Swamp

  • #78,941
  • Nov 26, 2020 5:52am Nov 26, 2020 5:52am
Quoting Steamroller
I was thinking thin liquidity. Can you really trust moves like today without the US playing?
Nope. Tight stops, small risk, maybe higher reward. GU still dropping slowly
  • #78,942
  • Nov 26, 2020 5:54am Nov 26, 2020 5:54am
Quoting Blackopal
{quote} At the same time, on smaller TF, 15M, 2 Bullish engulfing candles. I bought a little on the first one. Similar scenario on NU Just a small play on each, tight stops. I can't stay up late to play. {image}
I have not shorted today.. only longs. I maybe completely wrong.. I am playing for the month end rebalancing...this may last till Dec 1st..
I wont hold longs for a long time.. just cash and go..
booked another +12 here
by the way, I am net short.. just playing longs for short term profits.
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  • #78,943
  • Nov 26, 2020 5:59am Nov 26, 2020 5:59am
not much bulls action in swiss yet.... still waiting..
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  • #78,944
  • Nov 26, 2020 6:02am Nov 26, 2020 6:02am
AN H&S is interesting me still. Yesterday's candle touched neckline, closed Bearish engulfing. Measurement indicates potential NU near parity with AU.
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  • #78,945
  • Nov 26, 2020 6:06am Nov 26, 2020 6:06am
AudUsd H1 finally flip to downtrend.. lets see it can go down to where it belongs 7220s...
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  • #78,946
  • Nov 26, 2020 6:10am Nov 26, 2020 6:10am
Quoting Boulder
{quote} I have not shorted today.. only longs. I maybe completely wrong.. I am playing for the month end rebalancing...this may last till Dec 1st.. I wont hold longs for a long time.. just cash and go.. booked another +12 here by the way, I am net short.. just playing longs for short term profits. {image}

I feel the same Boulder. Only longs on EU, AU and NU now. But tight stops. If stock markets correct, virus panic returns etc, AU and NU will probably lead the corresponding currency reset down. I've been shorting GU though. I just can't find any reason for confidence to long that one.
  • #78,947
  • Nov 26, 2020 6:11am Nov 26, 2020 6:11am
Quoting Blackopal
AN H&S is interesting me still. Yesterday's candle touched neckline, closed Bearish engulfing. Measurement indicates potential NU near parity with AU. {image}
for AudNzd . watch for 1.05.. to see bulls can hold at H4 close or not
bearish in big time frames....
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  • #78,948
  • Nov 26, 2020 6:14am Nov 26, 2020 6:14am
Quoting Blackopal
{quote} I feel the same Boulder. Only longs on EU, AU and NU now. But tight stops. If stock markets correct, virus panic returns etc, AU and NU will probably lead the corresponding currency reset down. I've been shorting GU though. I just can't find any reason for confidence to long that one.
GU.. just don't want brexit news this two days...

#Brexit - #UK's Johnson wants face to face talks to resume before the end of the week but up to the #EU to decide
  • #78,949
  • Nov 26, 2020 6:33am Nov 26, 2020 6:33am
Quoting Boulder
{quote} GU.. just don't want brexit news this two days... #Brexit - #UK's Johnson wants face to face talks to resume before the end of the week but up to the #EU to decide
It just keeps dragging out doesn't it?

"Officials in Britain and the EU say the talks are still snagged on two main issues, fair competition guarantees and fisheries, but neither, so far, have shown a willingness to shift enough on either to make way for any breakthrough."
European Commission chief Ursula von der Leyen said on Thursday the EU was ready for the possibility of Britain leaving the bloc without a new trade accord despite “genuine progress” in the tortuous Brexit talks.
An official involved in the negotiations said a deal was possible, but not likely before the weekend at the earliest. An EU diplomat said it was more likely to come next week.
  • #78,950
  • Edited 7:09am Nov 26, 2020 6:47am | Edited 7:09am
While I am waiting for trades to play out.. I am reading this currency trading book.. quite interesting...

bird watching in lion country

https://vdocuments.mx/bird-watching-...n-country.html
  • #78,951
  • Nov 26, 2020 7:17am Nov 26, 2020 7:17am
The unofficial trade issues with China are almost certainly the reason the AU hasn't broken higher. This article is about the coal, Australia's 2nd largest export earner, but it's not the only commodity the Chinese are using to put pressure on Australia.

https://www.reuters.com/article/colu...-idUSL1N2IC06R
  • #78,952
  • Nov 26, 2020 8:11am Nov 26, 2020 8:11am
some R may be at 1914.. pa may reach for 1913.

The same numbers on the way up may be relevant now. A big one was at 1908.5.. pa is below it now. but above the other at 1880.. so it may not reach 1913.

Support 1881/78 and some above. to pass the s or r closes may e needed to hold.
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those who can, do. those who cant, talk about those who can
  • #78,953
  • Nov 26, 2020 8:19am Nov 26, 2020 8:19am
Quoting gatorinla
some R may be at 1914.. pa may reach for 1913. The same numbers on the way up may be relevant now. A big one was at 1908.5.. pa is below it now. but above the other at 1880.. so it may not reach 1913. Support 1881/78 and some above. to pass the s or r closes may e needed to hold. {image}
1880 and 1908. 1935 earlier , 1965 was not reached. It ma never be reached with usd holding support.
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those who can, do. those who cant, talk about those who can
  • #78,954
  • Nov 26, 2020 8:27am Nov 26, 2020 8:27am
lots of minor support levels below 1880.. 1775.6 is not on most peoples mind. Its a large level to me. if it reaches, it may be some support. but if it breaks, it should become R later. If it breaks ditto with 1719. and later 1695, 1643, 1639, 1612
those who can, do. those who cant, talk about those who can
  • #78,955
  • Nov 26, 2020 8:31am Nov 26, 2020 8:31am
eu lc day was lower. Also below 1908.5
those who can, do. those who cant, talk about those who can
  • #78,956
  • Nov 26, 2020 8:41am Nov 26, 2020 8:41am
no big support for gu until 3176 and 3169. Day wise if the day closes below 3260. it opens up.. Yes numbers are big. Fast moves like the one up, didnt build support zones for the way down.
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those who can, do. those who cant, talk about those who can
  • #78,957
  • Nov 26, 2020 9:05am Nov 26, 2020 9:05am
Thanksgiving Day...
Inserted Video
I am who I am
  • #78,958
  • Nov 26, 2020 3:16pm Nov 26, 2020 3:16pm
Quoting imwim
Thanksgiving Day... https://www.youtube.com/watch?v=-h2g3Ic_ba8
he is on the tube now lying/crying
those who can, do. those who cant, talk about those who can
  • #78,959
  • Edited 5:58pm Nov 26, 2020 5:07pm | Edited 5:58pm
Quoting Blackopal
{quote} At the same time, on smaller TF, 15M, 2 Bullish engulfing candles. I bought a little on the first one. Similar scenario on NU Just a small play on each, tight stops. I can't stay up late to play. {image}
Closed half my NU longs .7009=12 pips...small but enough to take the wife out for an Aussi style Thanksgiving dinner

Shorting EC 1.5513 & 17

Bought a little bit of Aussi .7355

Closed EU longs 1.1914....18 pips
  • #78,960
  • Nov 26, 2020 5:18pm Nov 26, 2020 5:18pm
Quoting gatorinla
{quote} he is on the tube now lying/crying
Spreading Thanksgiving cheer. Happy guy
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Agola1