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The Swamp

  • #93,601
  • Dec 17, 2021 9:51am Dec 17, 2021 9:51am
Quoting DMA Trader
{quote} problem is people are speculating that Markets going down because of Omicrom and other will put FED on hold so they sell USD so if markets go down they wil bid eur/usd also same thing on bonds. only a panic will help the dollar now.
closing 1H here we have all TF's pointing bearish
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,602
  • Dec 17, 2021 9:52am Dec 17, 2021 9:52am
Quoting gatorinla
{quote} The next 55 min should move.. Don't trade against that direction. {image}
let's kill this animal !
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,603
  • Dec 17, 2021 10:01am Dec 17, 2021 10:01am
Quoting gatorinla
{quote} The next 55 min should move.. Don't trade against that direction. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
those who can, do. those who cant, talk about those who can
  • #93,604
  • Dec 17, 2021 10:03am Dec 17, 2021 10:03am
Quoting gatorinla
{quote} {image}
here in this area to 1.1260 RSI will be pretty low
gonna take some at 1.1260 hope it gets there
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,605
  • Dec 17, 2021 10:04am Dec 17, 2021 10:04am
Quoting DMA Trader
{quote} 1.131 closed 1h below. nice let's attack those bulls {image}
You are good.
  • #93,606
  • Dec 17, 2021 10:23am Dec 17, 2021 10:23am
closed my s for now.. I will try to build on a 1min s snowball later.
those who can, do. those who cant, talk about those who can
  • #93,607
  • Dec 17, 2021 10:25am Dec 17, 2021 10:25am
Quoting DMA Trader
{quote} here in this area to 1.1260 RSI will be pretty low gonna take some at 1.1260 hope it gets there
I will try again later.. Its not meeting my criteria atm. Shooting from the hip and thinking 1298. May be a place to short. Everything i see is bearish.. It may not bounce there. But it has a possible sweet spot there with some R to help keep
those who can, do. those who cant, talk about those who can
  • #93,608
  • Dec 17, 2021 10:39am Dec 17, 2021 10:39am
Quoting gatorinla
{quote} I will try again later.. Its not meeting my criteria atm. Shooting from the hip and thinking 1298. May be a place to short. Everything i see is bearish.. It may not bounce there. But it has a possible sweet spot there with some R to help keep
No secret about 1291 .. I want to say 1291/92 because it contributed in the past. It was below the 1h dynamic. So did 1298 1307 1310 1316 1323 blah blah.

I use 1298 because its normal. Plus it has its some dynamic there.
those who can, do. those who cant, talk about those who can
  • #93,609
  • Dec 17, 2021 10:43am Dec 17, 2021 10:43am
Quoting gatorinla
closed my s for now.. I will try to build on a 1min s snowball later.
perfect . had my tp a few pips below and did not get it
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,610
  • Dec 17, 2021 10:43am Dec 17, 2021 10:43am
Quoting Connors
{quote} You are good.
lucky
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,611
  • Dec 17, 2021 10:45am Dec 17, 2021 10:45am
Quoting gatorinla
{quote} I will try again later.. Its not meeting my criteria atm. Shooting from the hip and thinking 1298. May be a place to short. Everything i see is bearish.. It may not bounce there. But it has a possible sweet spot there with some R to help keep
the minute indices lost they jump selling the dollar
today is also OPEX and that big rally was sold. if we closed indices at lower lows for example sub 4600 SPX i think we've seen the low for EURUSD already.

that's the range case. also that 1.1267 i think it was hit mine were this time at 1.1260
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,612
  • Dec 17, 2021 11:09am Dec 17, 2021 11:09am
Quoting gatorinla
{quote} No secret about 1291 .. I want to say 1291/92 because it contributed in the past. It was below the 1h dynamic. So did 1298 1307 1310 1316 1323 blah blah. I use 1298 because its normal. Plus it has its some dynamic there.
I little uneasy here. i closed my trade because, most often. London is all you get. Yesterday I stated the importance of 1291. PA below it would be bearish. ATM pa is below it. To seal that up. Pa below 1264.5 would make 1291 stronger R. The low atm is above 1264.5. So if pa goes to make a lower low today, 1264.5 and less. That would help 1291 R hold back a bounce. I dont count that out yet. Its just usually best to close those trade around London., Because most often the move is over. Pending at 1298..
those who can, do. those who cant, talk about those who can
  • #93,613
  • Dec 17, 2021 11:13am Dec 17, 2021 11:13am
Quoting DMA Trader
{quote} the minute indices lost they jump selling the dollar today is also OPEX and that big rally was sold. if we closed indices at lower lows for example sub 4600 SPX i think we've seen the low for EURUSD already. that's the range case. also that 1.1267 i think it was hit mine were this time at 1.1260
I just think its within week support. Some took profit like me because LC. That's just normal.. Plus adr reached at 1274
those who can, do. those who cant, talk about those who can
  • #93,614
  • Dec 17, 2021 11:57am Dec 17, 2021 11:57am
Quoting DMA Trader
{quote} the minute indices lost they jump selling the dollar today is also OPEX and that big rally was sold. if we closed indices at lower lows for example sub 4600 SPX i think we've seen the low for EURUSD already. that's the range case. also that 1.1267 i think it was hit mine were this time at 1.1260
I now know your age. You are at least born 1978. I know I am right.
  • #93,615
  • Dec 17, 2021 12:03pm Dec 17, 2021 12:03pm
Quoting Connors
{quote} I now know your age. You are at least born 1978. I know I am right.
no no ) some years later
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,616
  • Dec 17, 2021 12:04pm Dec 17, 2021 12:04pm
Quoting Steamroller
{quote} Do you think the contagion will hit the indices? or just other emerging market currencies? or do you mean in a literal sense i.e. anybody connected to business in Turkey will be impacted.
@Steamroller for you just what we were talking today

 

  1. Wells Fargo (WFC 48.03, -2.27, -4.5%): weakest performer in the sector, falling back below its 50-day moving average (49.62).
  2. Goldman Sachs (GS 381.58, -15.79, -4.0%): falling toward its 200-day moving average (377.46) after finding resistance at its 50-day moving average (399.43).
  3. Morgan Stanley (MS 97.28, -3.02, -3.0%): falling to its lowest level since mid-October after finding resistance near its 50-day moving average (714.55) earlier this week.
  4. Citigroup (C 59.42, -1.64, -2.7%): trading at its lowest level since early February.
  5. Bank of America (BAC 43.94, -1.06, -2.4%): surrendering the bulk of yesterday's gain.
  6. JPMorgan Chase (JPM 156.78, -3.63, -2.3%): fell past its 200-day moving average (158.94) to a three-month low before narrowing its loss. Bank agreed to pay $200 mln in fines to the SEC and CFTC.
  7. American Express (AXP 159.28, -3.72, -2.3%): falling back below its 200-day moving average (163.01) to a two-week low.
  8. Discover Financial (DFS 114.00, -1.72, -1.5%): trading near the midpoint of its range from Tuesday after finding resistance at its 200-day moving average (117.14) yesterday.
  9. Synchrony Financial (SYF 47.02, -0.60, -1.3%): fell past its 200-day moving average (46.93) before bouncing back above that mark.
  10. BlackRock (BLK 914.61, -6.94, -0.8%): falling back below its 50-day moving average (920.05).
  11. T. Rowe Price (TROW 190.96, +0.34, +0.2%): trading in the lower half of yesterday's range. Stock was upgraded to Outperform from Market Perform at BMO Capital Markets with a $246 target.
  12. MarketAxess (MKTX 411.37, +2.99, +0.7%): best performer in the sector, trading in the lower half of yesterday's range.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,617
  • Dec 17, 2021 12:09pm Dec 17, 2021 12:09pm
Strong on usd/cad
i have no position atm but with oil still stable and so much good data coming from CAD this was my best play against the dollar


this one is so many times leading so good to see dollar getting stronger against CAD

doesn't seem just a trade here.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,618
  • Dec 17, 2021 12:17pm Dec 17, 2021 12:17pm
Fed Governor Christopher Waller speech (voting FOMC member): He believes an increase in the target range for the federal funds rate will be warranted shortly after our asset purchases end

 

  1. One big uncertainty about this outlook, of course, is the Omicron variant. We still don't know how serious a public health threat it will be, so we don't know if it will slow the U.S. economy, as the Delta variant briefly did, or even possibly slow progress toward maximum employment. Cutting the other way, we also do not know if Omicron will exacerbate labor and goods supply shortages and add inflation pressure, derailing the moderation of inflation next year that is my baseline. Over the past couple of years, forecasters have gotten pretty used to sudden changes in the outlook, and my colleagues and I on the FOMC will adjust as needed.
  2. Turning to inflation, it is alarmingly high, persistent, and has broadened to affect more categories of goods and services, compared with earlier this year. Wages are rising, and business contacts are reporting in the Fed's Beige Book that they are comfortable passing on increases in input costs to their customers. I have argued for some time that there are upside risks to inflation, and with inflation exceeding the FOMC's 2 percent target for some time now, I strongly supported the Committee's decision this week to speed up the pace of the tapering of asset purchases. This action gives us increased flexibility to adjust monetary policy as needed in 2022.
  3. Assuming this new pace of reductions in our monthly asset purchases continues, the FOMC will end purchases in March. The appropriate timing for the first increase in the policy rate, of course, will depend on the evolution of economic activity, something that I will be closely monitoring. But given my expectations for inflation and labor market conditions, I believe an increase in the target range for the federal funds rate will be warranted shortly after our asset purchases end.

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,619
  • Dec 17, 2021 12:20pm Dec 17, 2021 12:20pm
Quoting DMA Trader
{quote} no no ) some years later

You are then lectured / thought in the old kitchen - where the real trade was made back then. My bad I am an old tart. Born 1975. A Jewish Turkish Mom - an Irish Father! Horrible combination ain't? Happy to be Queen's son now. I guess history always repeats itself but I never thought of myself in far East. Now I am checking property prices in Shang - Hai..

Once an immigrant, always an immigrant.. Since the Pyramids..
  • #93,620
  • Dec 17, 2021 12:29pm Dec 17, 2021 12:29pm
im going to take some off from eur. strange that is no pop here.

i would leave it to hit stop but weekend is coming
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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