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The Swamp

  • #97,941
  • Mar 25, 2022 10:16am Mar 25, 2022 10:16am
Quoting Mitiblotch
{quote} When such happens I reduce my lottage drastically to be able to enter trades without feeling the pressure. Like today, I sold that stupid, idiotic, mad, foolish nonsensical GBPJPY but with 0.01 (hahahah...) just to take my revenge and closed it with plus 50 pips. I felt better. It wasn't much profit but I pulled 50 pips from the teeth of that dunce!
yeah i know the feeling.
like for example when i am stupid i mostly do the same reduce and fight the nonsense. but small just like you said.

for me it's important to stay in the market even when i am loosing. week started bad. i am very well position now. for any scenario and loss is ok

the other good way is just take a break and return next week. but for me loosing time from the tape is not ok
news fundies everything combined i need to feel the market if i don't feel i can understand market or miss some headlines
i am very bad trading. but i am over complicating thins usually but it's just the way i feel confident
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #97,942
  • Mar 25, 2022 10:20am Mar 25, 2022 10:20am
Quoting DMA Trader
{quote} yeah i know the feeling. like for example when i am stupid i mostly do the same reduce and fight the nonsense. but small just like you said. for me it's important to stay in the market even when i am loosing. week started bad. i am very well position now. for any scenario and loss is ok the other good way is just take a break and return next week. but for me loosing time from the tape is not ok news fundies everything combined i need to feel the market if i don't feel i can understand market or miss some headlines i am very bad trading....
i read tons of news daily it's amazing. FT Bloomberg terminal. and another fundies on stocks
then i only trade on price action and some basic TA . but i just can't trade without "knowing everything" from Ukraine to TSLA deliveries each week



funny thing is even when we are with family my wife tells me that nobody understand anything i am saying during dinner with other
cause i am just contradicting myself being bullish and bearish in the same time.

but for me reading the tape and executing fast and "knowing them all" and then decent MM is holly grail yet i am worse on explaining to others if they ask me something
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #97,943
  • Mar 25, 2022 10:31am Mar 25, 2022 10:31am
The usd at 117 is nothing but a normal retrace. That's it's pivot area. 50 year cycle. Fundi wise what has changed since 2009.. The oil balance has changed. From a net importer to equalization.
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those who can, do. those who cant, talk about those who can
  • #97,944
  • Mar 25, 2022 10:39am Mar 25, 2022 10:39am
OIl back o green
Gold to highs -


maybe some NATO announcement today - what is the market anticipating ? doesn't look good
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #97,945
  • Mar 25, 2022 10:40am Mar 25, 2022 10:40am
shorted this one but boy is USD getting sold
now usd/cad below 1.25
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #97,946
  • Mar 25, 2022 10:55am Mar 25, 2022 10:55am
In 2008 when the USD was at it's low. The U.S. Was producing less oil than today. The price of oil increased mostly from 1970 to 2008. So as a net oil importer that hurt the usd (usd spent to other countries). Oil weakened the USD. Now as a net exporter higher oil helps the U.S.D (money is paid to the U.S.) oil is in every fiber of the economy. Its multiplied with each purchase you make (for your widget). From the taking of the raw material out the ground. To the ships, rail and trucks that delivered it to the manufacture. From the machinery used to make the widget. To the truck that delivered it to Walmart. From the packaging to the tires on your car bringing the widget home. Each step involves oil. At each step someone has their handout to increase the price. That's how it works. So anyone in the the chain increases their % to make a profit. As oil goes up even with the same %. The price rises. Oil is embedded much more than people think in the price.
The producer (U.S.) of oil gains in multiples. The ones who dont have oil pay a premium. Japan, Europe and China will pay a premium. The U.S. will gain an edge with the multipliers. Its cheaper to build where the materials and energy is. Higher oil helps the USD now.
those who can, do. those who cant, talk about those who can
  • #97,947
  • Mar 25, 2022 10:59am Mar 25, 2022 10:59am
Quoting Boulder
never level to print.. either 0983 or 1044...
0983 hit.. I longed some here 0982 and 0984
  • #97,948
  • Mar 25, 2022 11:03am Mar 25, 2022 11:03am
Quoting saninvestor
{quote} Bears need H1 close below 0985 to accelerate down imo.
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Trade to enjoy... Money is after!
  • #97,949
  • Mar 25, 2022 11:05am Mar 25, 2022 11:05am
Quoting DMA Trader
shorted this one but boy is USD getting sold now usd/cad below 1.25 {image}
Some discrepancies on EU. But since interest rate raise in the US, it is now normal for price to sell every Wednesday and every Friday. Lets see where they close. But I didn't expect it to properly break 1000 today. Red Friday as always.
  • #97,950
  • Mar 25, 2022 11:09am Mar 25, 2022 11:09am
Now see if 0989 slaps it to 0966/71 and below
those who can, do. those who cant, talk about those who can
  • #97,951
  • Mar 25, 2022 11:17am Mar 25, 2022 11:17am
Quoting gatorinla
Its getting close to Q1 close 1.0835.5. is there. 0989 may play a part to getting to 0835. Things can start getting volatile here. Tomorrow being Friday, 0989 could make some wtf jerky moves toward 0835, or 1065. 1065/1142. Next week the same. Earlier the 12 h closed below 0989. This is larger than 0971/66. A big close below 0989 may force 0971/66 to fold. Atm the largest number is the 12h. Last week closed above 0989. That's why this week's close may change that. That may affect the outlook on the Q close. I dont know how this month ends. But if...
Same play..
those who can, do. those who cant, talk about those who can
  • #97,952
  • Mar 25, 2022 12:10pm Mar 25, 2022 12:10pm
Williams: If appropriate to raise rates 50bps at a meeting, ‘I will do that’
Trade to enjoy... Money is after!
  • #97,953
  • Mar 25, 2022 12:23pm Mar 25, 2022 12:23pm
I closed the bulk of eu shorts. I may regret. I have a gold long still. I also just longed the cad. tp 1.2519. Do it all over next week. I left a pending eu short at 1034, just in case.
those who can, do. those who cant, talk about those who can
  • #97,954
  • Mar 25, 2022 12:35pm Mar 25, 2022 12:35pm
Quoting gatorinla
I closed the bulk of eu shorts. I may regret. I have a gold long still. I also just longed the cad. tp 1.2519. Do it all over next week. I left a pending eu short at 1034, just in case.
hi gator, is that a possibility if USDCAD will going to 1.28 - 1.29 again?
trendline is already broken.
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  • #97,955
  • Mar 25, 2022 12:43pm Mar 25, 2022 12:43pm
Quoting Boulder
{quote} 0983 hit.. I longed some here 0982 and 0984
tp1
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  • #97,956
  • Mar 25, 2022 1:14pm Mar 25, 2022 1:14pm
Quoting Boulder
{quote} 0983 hit.. I longed some here 0982 and 0984
2nd Tp as well... done with week.. have a nice weekend.
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  • #97,957
  • Mar 25, 2022 2:56pm Mar 25, 2022 2:56pm
Quoting hans91
{quote} hi gator, is that a possibility if USDCAD will going to 1.28 - 1.29 again? trendline is already broken. {image}
There is a war in Ukraine. Most of the west has placed sanctions on Russia. Somehow the market thinks that helps Canada. Maybe the wheat (agriculture) exports. I dont know. Canada exports, almost all its oil to the USA. Still its just 6% of its GDP from oil. The USA GDP from oil is 8%. I dont know why the CD is so strong. Its killing the yen. It dont look to be losing any power. I dont see that retrace anytime soon. Maybe it will some 1.2424 area.. Easier money to be made elsewhere.
those who can, do. those who cant, talk about those who can
  • #97,958
  • Mar 25, 2022 2:56pm Mar 25, 2022 2:56pm
COT report on 3/22.. hedge funds added Eur longs this week
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  • #97,959
  • Mar 25, 2022 2:59pm Mar 25, 2022 2:59pm
Quoting Boulder
COT report on 3/22.. hedge funds added Eur longs this week {image}
On the contrary to Eur, they added pound shorts this week per Cot 3/22
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  • #97,960
  • Mar 25, 2022 3:00pm Mar 25, 2022 3:00pm
I give it 50/50 the eu drops to -0971/66 before close.
those who can, do. those who cant, talk about those who can
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