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The Swamp

  • #100,361
  • May 6, 2022 10:15am May 6, 2022 10:15am
nice liquidation on indices and stocks now up

this has to be the greatest game ever

and the perfect job

EUR/USD i would say 1.055 line in the sand. bulls above bears below.

it's getting a little bit easier i think - we will see.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,362
  • May 6, 2022 10:44am May 6, 2022 10:44am
Bulls are trying. A run back to this 4h candle lows may cement it's high. The candle wick is in the 0584.5 level. Back to this candles low looks to be rejection. It still needs to be below 0543. This is a tough one. Lots of conflict. The trend usually wins. You can see the wick 3 candles back.. The real fight is over 0584.5 and 0506.8.. notice the other wicks inability to close below 0506.8. Look at the horizontal at 0506.8 and wicks.
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those who can, do. those who cant, talk about those who can
  • #100,363
  • May 6, 2022 10:57am May 6, 2022 10:57am
Quoting gatorinla
Bulls are trying. A run back to this 4h candle lows may cement it's high. The candle wick is in the 0584.5 level. Back to this candles low looks to be rejection. It still needs to be below 0543. This is a tough one. Lots of conflict. The trend usually wins. You can see the wick 3 candles back.. The real fight is over 0584.5 and 0506.8.. notice the other wicks inability to close below 0506.8. Look at the horizontal at 0506.8 and wicks. {image}
This is just a battle in a war. The trend wins most of these. If today closes below 0506.8, the trend won. Clean chart here.
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those who can, do. those who cant, talk about those who can
  • #100,364
  • May 6, 2022 11:14am May 6, 2022 11:14am
Not recommending a long on the aud. A pending short .7258 area may be a good one to hold.. In the comfort of no pressure now. One could research it and place a pending with a justified stop loss. Without the emotion of doing it later.
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those who can, do. those who cant, talk about those who can
  • #100,365
  • May 6, 2022 11:17am May 6, 2022 11:17am
Quoting gatorinla
Aud around .7258 is looking interesting.. IT sucks being post FOMC. .7266 is beautiful.. {image} {image} {image}
Before after AUD, .7161 is about 1/2 way
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those who can, do. those who cant, talk about those who can
  • #100,366
  • May 6, 2022 2:51pm May 6, 2022 2:51pm
Quoting gatorinla
Bulls are trying. A run back to this 4h candle lows may cement it's high. The candle wick is in the 0584.5 level. Back to this candles low looks to be rejection. It still needs to be below 0543. This is a tough one. Lots of conflict. The trend usually wins. You can see the wick 3 candles back.. The real fight is over 0584.5 and 0506.8.. notice the other wicks inability to close below 0506.8. Look at the horizontal at 0506.8 and wicks. {image}
Its dropped now-0556 is what bears want. -0540 is better. -0506.8 or -0487 is preferred. to close. That's not looking promising with it testing 0556 atm. Its got a little more than an hour to close.
those who can, do. those who cant, talk about those who can
  • #100,367
  • May 6, 2022 2:53pm May 6, 2022 2:53pm
Too funny

https://twitter.com/alifarhat79/stat...03I4QRMe8lwrnw
  • #100,368
  • May 6, 2022 3:11pm May 6, 2022 3:11pm
May 3rd COT report, hedge funds sold more Eur and add more Eur shorts for the week,,
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  • #100,369
  • May 6, 2022 3:27pm May 6, 2022 3:27pm
Quoting Boulder
May 3rd COT report, hedge funds sold more Eur and add more Eur shorts for the week,, {image}
If EU gaps down 500 pips. I will buy you dinner. I got a coupon. But you need to dress up. No tongs this time. https://www.pandainn.com/
those who can, do. those who cant, talk about those who can
  • #100,370
  • May 6, 2022 5:00pm May 6, 2022 5:00pm
Does anyone think silver can go under 13$?
If it breaks support now, it may just do that.
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those who can, do. those who cant, talk about those who can
  • #100,371
  • May 6, 2022 8:42pm May 6, 2022 8:42pm
This is Gold,
Inserted Video


Mark Douglas - 10 Principles For Trading Consistency (Trading Psychology)






-every moment is unique and anything can happen
-each new outcome has no relation to the previous outcome (if get 3 winning trades in a row, you're gonna think next one is a winner but not true)
-learn to disconnect from each individual trade
-3 losers in a row feels like next will be loser except next trade is unknown
- the risk of an edge not working always exists
-each prediction from your analysis is always a guess
-capturing the favorable odds built into my edge over a series of trades has nothing to do with being right or wrong
  • #100,372
  • Edited 4:36pm May 7, 2022 4:26pm | Edited 4:36pm
Quoting Boulder
This is Gold, https://youtu.be/peft40rt2GU?t=8 Mark Douglas - 10 Principles For Trading Consistency (Trading Psychology) -every moment is unique and anything can happen -each new outcome has no relation to the previous outcome (if get 3 winning trades in a row, you're gonna think next one is a winner but not true) -learn to disconnect from each individual trade -3 losers in a row feels like next will be loser except next trade is unknown - the risk of an edge not working always exists -each prediction...
The best movie about forex trading ever. Get on first. Find strategy that gets on first. B.E. it and let the runners run. Stop the losers early. The losers don't get on first. You don't want losers. You only buy or sell S/R. With other tools to help. You don't trade until the odds are on your side. Get on first, or smaller losers.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #100,373
  • May 8, 2022 4:02pm May 8, 2022 4:02pm
Quoting gatorinla
{quote} Its dropped now-0556 is what bears want. -0540 is better. -0506.8 or -0487 is preferred. to close. That's not looking promising with it testing 0556 atm. Its got a little more than an hour to close.
gap open 0538
those who can, do. those who cant, talk about those who can
  • #100,374
  • May 8, 2022 4:05pm May 8, 2022 4:05pm
Open the Casino

Have a great trading week
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,375
  • May 8, 2022 7:18pm May 8, 2022 7:18pm
Funding secured
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,376
  • May 8, 2022 8:14pm May 8, 2022 8:14pm
I closed 1/2 an may try again at 0556
those who can, do. those who cant, talk about those who can
  • #100,377
  • May 8, 2022 8:36pm May 8, 2022 8:36pm
Quoting DMA Trader
Funding secured {image}
out
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,378
  • May 8, 2022 8:38pm May 8, 2022 8:38pm
Quoting gatorinla
I closed 1/2 an may try again at 0556
just saw aud, gbp
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,379
  • May 8, 2022 9:44pm May 8, 2022 9:44pm
Eu is looking very bearish . Sorry i closed those earlier. I have pending s at R's. Gold is above 187.57.. It was a support. I wont short it/or long it now. I will place a pending short 1892.x with a stop 1893, in case 1892.5x is the high R.. The spread is the reason the stop is so wide.

Eu may get into that 1.0506 support, I want to short a bounce. But it may not bounce
those who can, do. those who cant, talk about those who can
  • #100,380
  • May 8, 2022 10:01pm May 8, 2022 10:01pm
Quoting gatorinla
Eu is looking very bearish . Sorry i closed those earlier. I have pending s at R's. Gold is above 187.57.. It was a support. I wont short it/or long it now. I will place a pending short 1892.x with a stop 1893, in case 1892.5x is the high R.. The spread is the reason the stop is so wide. Eu may get into that 1.0506 support, I want to short a bounce. But it may not bounce
A lucky bounce at 0506may may get you 0552/76
those who can, do. those who cant, talk about those who can
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