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The Swamp

  • #100,181
  • May 3, 2022 9:44am May 3, 2022 9:44am
Quoting Boulder
also shorting gold on bounces.. {image}
Gold reversed it.. my gold shorts stopped out..
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  • #100,182
  • May 3, 2022 9:51am May 3, 2022 9:51am
Quoting Boulder
{quote} Gold reversed it.. my gold shorts stopped out.. {image}
very hard market
it's very rare i don't trade
i took some on euro but wasn't much

even without position i am "afraid" for tomorrow and weeks to come.

this is the hardest environment I've seen in the last 20 years.

and i did start investing after 9/11

2008/2009 - 2012/ 2020 - got them all

but i don't remember having such a market (stocks, bonds, credit spreads, money markets) and raising interest rates - Never
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,183
  • May 3, 2022 9:59am May 3, 2022 9:59am
Quoting DMA Trader
{quote} very hard market it's very rare i don't trade i took some on euro but wasn't much even without position i am "afraid" for tomorrow and weeks to come. this is the hardest environment I've seen in the last 20 years. and i did start investing after 9/11 2008/2009 - 2012/ 2020 - got them all but i don't remember having such a market (stocks, bonds, credit spreads, money markets) and raising interest rates - Never
My allowable risks today is 2.5%, which I have to flat a lot of trades..
not good to trade this kind market, just waste my time and energy.
I am holding some Eur shorts atm.. soon those are booked, I will stay sideline as well.. wait for FMOC tomorrow.
  • #100,184
  • May 3, 2022 10:19am May 3, 2022 10:19am
Quoting Boulder
{quote} My allowable risks today is 2.5%, which I have to flat a lot of trades.. not good to trade this kind market, just waste my time and energy. I am holding some Eur shorts atm.. soon those are booked, I will stay sideline as well.. wait for FMOC tomorrow.
I had a red day yesterday. Gold stopped, AJ stopped. Today one trade on that AJ, just a little green. I don't plan on making, or losing money till after NFP. I'm looking to get in the next few days with smaller positions, maybe at "pumped up" prices. I plan to hold, and cash out some green after NFP. Like i said, a pump would "price in" some bad NFP. A good NFP would have that negative pump, plus the good NFP to run with the trend.
those who can, do. those who cant, talk about those who can
  • #100,185
  • May 3, 2022 10:23am May 3, 2022 10:23am
Quoting gatorinla
{quote} I had a red day yesterday. Gold stopped, AJ stopped. Today one trade on that AJ, just a little green. I don't plan on making, or losing money till after NFP. I'm looking to get in the next few days with smaller positions, maybe at "pumped up" prices. I plan to hold, and cash out some green after NFP. Like i said, a pump would "price in" some bad NFP. A good NFP would have that negative pump, plus the good NFP to run with the trend.
For me, tomorrow I will focus on trend trading.. today just chop before FMOC..
  • #100,186
  • May 3, 2022 10:25am May 3, 2022 10:25am
Quoting Boulder
{quote} Gold reversed it.. my gold shorts stopped out.. {image}
Let her relax some. Find a R .. 1885 is a light one. 1895 .97 maybe better.. She is back above 1873.48.. Bears need to hold below. or she will rise..

ST bulls need 1895.97 closed above. After 1873.57.. 1873.57 is key here.. The close, the close.. The bigger the better... its always the close..
those who can, do. those who cant, talk about those who can
  • #100,187
  • May 3, 2022 10:27am May 3, 2022 10:27am
Quoting Boulder
{quote} Gold reversed it.. my gold shorts stopped out.. {image}
Just Recovered my gold loss and more...sideline on gold
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  • #100,188
  • May 3, 2022 10:35am May 3, 2022 10:35am
SHorted some US30 here 33337.. pending 33505
  • #100,189
  • May 3, 2022 10:38am May 3, 2022 10:38am
Quoting Boulder
{quote} For me, tomorrow I will focus on trend trading.. today just chop before FMOC..
Those little trends tomorrow will be the pump trend (pre NFP). On Friday, NFP can rip that away.
those who can, do. those who cant, talk about those who can
  • #100,190
  • May 3, 2022 10:40am May 3, 2022 10:40am
Quoting gatorinla
{quote} Those little trends tomorrow will be the pump trend (pre NFP). On Friday, NFP can rip that away.
Tomorrow will be the biggest trend.. FMOC day!!!!
  • #100,191
  • May 3, 2022 10:40am May 3, 2022 10:40am
Quoting Boulder
{quote} Just Recovered my gold loss and more...sideline on gold {image}
Your fighting a week that passed below 1873.57. It has not closed below 1873.57. On the week and month close. Its still bullish according to 1857
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those who can, do. those who cant, talk about those who can
  • #100,192
  • May 3, 2022 10:44am May 3, 2022 10:44am
Quoting gatorinla
{quote} Your fighting a week that passed below 1873.57. It has not closed below 1873.57. On the week and month close. Its still bullish according to 1857 {image}
no more gold positions.. just booked US30 shorts as well.. only Eur left with stop loss intact.. 10 more pips drop I might book Eur too..
I try to hold no positions before FMOC..
  • #100,193
  • May 3, 2022 10:50am May 3, 2022 10:50am
Quoting Boulder
{quote} Tomorrow will be the biggest trend.. FMOC day!!!!
Possible, beware of the S/R it pumps to, that may hold.

Hey on the month gold, this area was support. look to the left it was R too
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those who can, do. those who cant, talk about those who can
  • #100,194
  • May 3, 2022 11:04am May 3, 2022 11:04am
Quoting gatorinla
{quote} Possible, beware of the S/R it pumps to, that may hold. Hey on the month gold, this area was support. look to the left it was R too {image}
Left. gold month
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those who can, do. those who cant, talk about those who can
  • #100,195
  • May 3, 2022 11:11am May 3, 2022 11:11am
Quoting Boulder
{quote} no more gold positions.. just booked US30 shorts as well.. only Eur left with stop loss intact.. 10 more pips drop I might book Eur too.. I try to hold no positions before FMOC..
Booked all my Eur shorts here 1.0516.. done for the day
  • #100,196
  • Edited 1:43pm May 3, 2022 11:25am | Edited 1:43pm
Quoting gatorinla
{quote} AUD bulls are showing some weakness on the 12h close. {image} {image}
Inserted Video


Very nice day today

More to come..
  • #100,197
  • May 3, 2022 11:37am May 3, 2022 11:37am
Quoting Boulder
{quote} no more gold positions.. just booked US30 shorts as well.. only Eur left with stop loss intact.. 10 more pips drop I might book Eur too.. I try to hold no positions before FMOC..
That's why my back hurts.
those who can, do. those who cant, talk about those who can
  • #100,198
  • May 3, 2022 12:00pm May 3, 2022 12:00pm
Interesting chart.....


https://www.zerohedge.com/markets/pl...w-macro-trends
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Look Sharp/Trade Tight
  • #100,199
  • May 3, 2022 1:59pm May 3, 2022 1:59pm
Quoting PayTheLimit
Interesting chart..... https://www.zerohedge.com/markets/pl...w-macro-trends {image}
Were are all used to things going up in price (except electronics). Our brains are programed to believe things through life experience. In that time we have all saw prices rise on most things. When on the gold standard, and before the 1968 wars. Inflation was not like what we experienced the last 50 years. After WW2 a barrel of oil was just over 2.15 $. It remained in a range from 2.15 to 3.40$ until 1970 (about 23 years). The wars, embargo, gold standard, Vietnam funding, domestic oil production shrunk under 50%. All hit in a short period of time. Oil has moved higher since. The USD has mostly deflated That all slowed after the 2008 crash.

Today oil production is above 50% again. The U.S. is exporting oil again. The USD is getting stronger. We don't know how to act. Because this is not what we have seen most of our lives. China with it's energy deficit. May require less commodities. All those companies grew on energy subsidized by the Chinese government. When your building a war machine. You have less money to subsidize stuff. Just ask the Russians stealing tires from the Ukraine's.

That chart may be a weird Head and Shoulder. It may be ready to dive. The double bottom broke.

I can remember a 500$ Curtis Mathis Tv was the top of the line. Back then a tv, radio, or washing machine would last decades.
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those who can, do. those who cant, talk about those who can
  • #100,200
  • May 3, 2022 2:14pm May 3, 2022 2:14pm
FOMC day...before and after...
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I am who I am
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