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The Swamp

  • #93,621
  • Dec 17, 2021 10:38am Dec 17, 2021 10:38am
this could get real quick..
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those who can, do. those who cant, talk about those who can
  • #93,622
  • Dec 17, 2021 10:40am Dec 17, 2021 10:40am
Quoting DMA Trader
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
out with some
still have some surprised a little by the eur weakness.
maybe i will take some profits in USD/CHF

but last hour of US markets could see some weakness.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,623
  • Dec 17, 2021 10:44am Dec 17, 2021 10:44am
Quoting Connors
{quote} 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..
))) I'm a few years younger but got really young into Markets. i think my first stock was bot in in 1996 ) i am mostly into stocks not FX but mainly post here because of Gator. i read no other things on FF
I also have Jewish roots )

see you next week buddy
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,624
  • Dec 17, 2021 10:47am Dec 17, 2021 10:47am
Quoting gatorinla
this could get real quick.. {image}
we are going very fast hope we get some bounces
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,625
  • Dec 17, 2021 10:48am Dec 17, 2021 10:48am
Quoting DMA Trader
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 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...

Fed Governor Christopher Waller (voting of FOMC member) in Q&A says that "March is a live meeting for the first rate hike"; says Fed should start reducing balance sheet within 1-2 meetings after liftoff - CNBC
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,626
  • Dec 17, 2021 10:51am Dec 17, 2021 10:51am
Quoting gatorinla
{quote} Lets not forget techs.. Pa. didnt break real tech levels.. Those big boys use specific levels like 1323. A isolator etc is just saying "I'm gonna kick your ass". A true level like 1323 just sits in a corner sipping on whiskey. Pa was ejected from 136x and fell below 1323 now. Timing is the hard part. I wouldn't be surprised to take out 1260 today. See what happens with 1292..
The sad thing is, I closed already for London fix.
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those who can, do. those who cant, talk about those who can
  • #93,627
  • Dec 17, 2021 10:54am Dec 17, 2021 10:54am
Quoting gatorinla
{quote} The sad thing is, I closes already for London fix. {image}
We may see some air next week..
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those who can, do. those who cant, talk about those who can
  • #93,628
  • Dec 17, 2021 11:10am Dec 17, 2021 11:10am
Quoting gatorinla
{quote} We may see some air next week.. {image}
the only thing i see hitting dollar at this point is Stock Market going down.
and this is easy but also stocks have been hit already so maybe a bounce Santa Rally happens.

if Markets go up FED will say Market are pricing in the rates so eur/usd should go down

If Markets go down we will speculate that FED will chicken so EUR can go up

but that' just speculating on short term because at this point ECB is way beyond the curve
so at this point its just a matter of selling rallies imo.
i hope we do get some rally because looking on the last 5m candles. we just go down and that bearish pennant we talked about now look almost as breaking

i would not touch any longs at this point even if we go to your 1.08
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,629
  • Dec 17, 2021 11:13am Dec 17, 2021 11:13am
Quoting gatorinla
{quote} We may see some air next week.. {image}
it will also be lowest weekly eur/usd close since May 2020. so people will still look on weekly support. but once it breaks. . .
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,630
  • Dec 17, 2021 1:06pm Dec 17, 2021 1:06pm
Quoting DMA Trader
{quote} the only thing i see hitting dollar at this point is Stock Market going down. and this is easy but also stocks have been hit already so maybe a bounce Santa Rally happens. if Markets go up FED will say Market are pricing in the rates so eur/usd should go down If Markets go down we will speculate that FED will chicken so EUR can go up but that' just speculating on short term because at this point ECB is way beyond the curve so at this point its just a matter of selling rallies imo. i hope we do get some rally because looking on the last 5m...
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those who can, do. those who cant, talk about those who can
  • #93,631
  • Dec 17, 2021 2:19pm Dec 17, 2021 2:19pm
Heading to Monthly S2 I believe. 1.0950s. Damn.No Santa strippers for me. Agghh!
  • #93,632
  • Edited 10:46am Dec 18, 2021 10:28am | Edited 10:46am
Quoting gatorinla
{quote} {image}
i'm just looking into charts.

EUR/USD short 1.128 for next week targeting new lows.
AUD/USD short 0.715 Stop 0.717 tp 0.710
EUR/GBP short 0.85 stop 0.854 - tp 0.84
USD/CAD long 1.285 stop 1.275 tp 1.3
EUR/CAD short 1.455 - stop 1.465 - tp 1.43
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,633
  • Edited 12:18pm Dec 18, 2021 11:52am | Edited 12:18pm
Quoting DMA Trader
{quote} i'm just looking into charts. EUR/USD short 1.128 for next week targeting new lows. AUD/USD short 0.715 Stop 0.717 tp 0.710 EUR/GBP short 0.85 stop 0.854 - tp 0.84 USD/CAD long 1.285 stop 1.275 tp 1.3 EUR/CAD short 1.455 - stop 1.465 - tp 1.43
Its still in that lower range. It made all the closes. to make me believe. Its going lower. So I will try to find a snowball to ride down. With the 1 min a 1250 and the h near 1300.. I can't say it will bounce. So maybe just add little ones until you get a large position. If it bounces 1291 and 97. That too looks promising with a st limited ceiling above 1300. Pa has closed below the week S. But it still didnt make a LL. In which I believe it will. I used to believe in Santa Clause too. I think its going down like a crack ho on a Friday night. So possible bounce entries.. 1250/55, 1288/94, 1291/94 heavy 1295/99. If it passes.. see if it closes below in a rejection. More so below 1291. The week did its job with the close below 1260. 1260 may be all we get too.. Its not an exact science. 1260 has a shot to shut down any bounce. I would use the 1250/99 area as a place to look for a position type short. Last week 1340/71. But we would be at the mercy of a Bullish breakout. Had the week closed above 1223, I think it would go north. Had the week closed below 1260 South. It closed below 1260.
those who can, do. those who cant, talk about those who can
  • #93,634
  • Dec 18, 2021 3:37pm Dec 18, 2021 3:37pm
UK study sites omicron is no less severe than Delta. But much more contagious. If true, this is not good.

LONDON — There is currently no evidence that the new Covid-19 omicron variant is any less severe than the delta variant, according to the early findings of a study by the U.K.’s Imperial College London.
“The study finds no evidence of Omicron having lower severity than Delta, judged by either the proportion of people testing positive who report symptoms, or by the proportion of cases seeking hospital care after infection,” a research team led by professor Neil Ferguson said Friday in a blog post accompanying the study.
The study used the data from the U.K. Health Security Agency and the U.K.’s health service for all PCR-confirmed Covid cases in England between Nov. 29 and Dec. 11.
However, the data included only 24 hospitalizations of patients suspected of having the omicron variant, with researchers saying “hospitalisation data remains very limited at this time.” The study is yet to be peer-reviewed.
The study estimates that the risk of reinfection with the omicron variant is 5.4 times greater than that of the delta variant.


https://www.cnbc.com/2021/12/17/no-e...-uk-study.html
those who can, do. those who cant, talk about those who can
  • #93,635
  • Dec 19, 2021 12:33am Dec 19, 2021 12:33am
this should be posted from time to time.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,636
  • Dec 19, 2021 12:35am Dec 19, 2021 12:35am
Quoting gatorinla
UK study sites omicron is no less severe than Delta. But much more contagious. If true, this is not good. LONDON — There is currently no evidence that the new Covid-19 omicron variant is any less severe than the delta variant, according to the early findings of a study by the U.K.’s Imperial College London. “The study finds no evidence of Omicron having lower severity than Delta, judged by either the proportion of people testing positive who report...

Europe already talking about lockdowns. so for a sentiment i think #omicron is bad. could scare Santa.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,637
  • Dec 19, 2021 12:42am Dec 19, 2021 12:42am
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Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #93,638
  • Dec 19, 2021 1:26am Dec 19, 2021 1:26am
Quoting gatorinla
UK study sites omicron is no less severe than Delta. But much more contagious. If true, this is not good. LONDON — There is currently no evidence that the new Covid-19 omicron variant is any less severe than the delta variant, according to the early findings of a study by the U.K.’s Imperial College London. “The study finds no evidence of Omicron having lower severity than Delta, judged by either the proportion of people testing positive who report...

EUR may open with a gap up. Situation is escalating.

"Netherlands to go into strict Christmas lock down."

https://www.reuters.com/business/hea...ia-2021-12-18/
  • #93,639
  • Dec 19, 2021 1:32am Dec 19, 2021 1:32am
Quoting gatorinla
UK study sites omicron is no less severe than Delta. But much more contagious. If true, this is not good. LONDON — There is currently no evidence that the new Covid-19 omicron variant is any less severe than the delta variant, according to the early findings of a study by the U.K.’s Imperial College London. “The study finds no evidence of Omicron having lower severity than Delta, judged by either the proportion of people testing positive who report...
HKUMed finds Omicron SARS-CoV-2 can infect 70 times faster and better than Delta in human bronchus but with less severe infection in lung (more than 10 times lower)...
https://www.med.hku.hk/en/news/press...ov-2-infection
I am who I am
  • #93,640
  • Dec 19, 2021 3:34am Dec 19, 2021 3:34am
Quoting gatorinla
UK study sites omicron is no less severe than Delta. But much more contagious. If true, this is not good. LONDON — There is currently no evidence that the new Covid-19 omicron variant is any less severe than the delta variant, according to the early findings of a study by the U.K.’s Imperial College London. “The study finds no evidence of Omicron having lower severity than Delta, judged by either the proportion of people testing positive who report...

Seems like early trading is pretty bearish RISK OFF.
could hit the dollar short term so maybe we do get a bounce in EUR/USD.

look for #omicron headlines in US.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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