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The Swamp

  • #102,021
  • Jul 5, 2022 2:44am Jul 5, 2022 2:44am
Took a long 0374. Will add
It's against the trends. Be careful.
Trade to enjoy... Money is after!
  • #102,022
  • Jul 5, 2022 2:49am Jul 5, 2022 2:49am
Its dropping, i thought it would take out 0488 first and get these. Before a new low.
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those who can, do. those who cant, talk about those who can
  • #102,023
  • Jul 5, 2022 2:53am Jul 5, 2022 2:53am
Quoting saninvestor
Took a long 0374. Will add It's against the trends. Be careful.
against all trends.. I started to collect some longs too...
  • #102,024
  • Jul 5, 2022 3:28am Jul 5, 2022 3:28am
Quoting saninvestor
Took a long 0374. Will add It's against the trends. Be careful.
Added 0332
Trade to enjoy... Money is after!
  • #102,025
  • Jul 5, 2022 3:48am Jul 5, 2022 3:48am
Quoting Piporro
euro in a deepshit energy crisis and more to come oil may go to $300plus if sanctions toughen isee parity a magnet with the quarter low close is sign
lower lows did it poke the bottom ?
  • #102,026
  • Jul 5, 2022 3:50am Jul 5, 2022 3:50am
Quoting Piporro
{quote} lower lows did it poke the bottom ?
oh shit longing the dips tsl
  • #102,027
  • Jul 5, 2022 3:52am Jul 5, 2022 3:52am
Quoting saninvestor
{quote} Added 0332
I don't think it is the right time to buy at least before 1.0280s.
  • #102,028
  • Jul 5, 2022 4:03am Jul 5, 2022 4:03am
longs reamed.. When will the shorts?.... Its 35 pips now below the 2003 low. That should have taken a lot of liquidity and added a lot of late shorts...
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those who can, do. those who cant, talk about those who can
  • #102,029
  • Jul 5, 2022 4:05am Jul 5, 2022 4:05am
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those who can, do. those who cant, talk about those who can
  • #102,030
  • Jul 5, 2022 4:08am Jul 5, 2022 4:08am
Quoting gatorinla
{image}

Weekly Mid S2 - 1.0221 & S1 - 1.0324
Ca. 1.0270s is all that is left I guess.

If your area which you show in the chart doesn't hold, it can certainly reach weekly S3 - 1.0070s with this kind of momentum so caution..
  • #102,031
  • Jul 5, 2022 4:14am Jul 5, 2022 4:14am
Quoting gatorinla
{image}
I collected enough longs.. stop loss and TP set.. go back to bed...will scalp trade in NY session
  • #102,032
  • Jul 5, 2022 4:19am Jul 5, 2022 4:19am
Quoting Connors
{quote} I don't think it is the right time to buy at least before 1.0280s.
yes. It can drop lower. I'm ready to add one more around 027x. Then will wait.
Trade to enjoy... Money is after!
  • #102,033
  • Jul 5, 2022 4:39am Jul 5, 2022 4:39am
Quoting Boulder
{quote} I collected enough longs.. stop loss and TP set.. go back to bed...will scalp trade in NY session
Its beyond the 30 pip threshold.. If there will be a search for liquidity... Where is it? All the late shorts, all the shorts stops piled at 0488+ 30, All the short stops piled up at 0614 + 30. All the short stops piled up at 0786 +..

But atm this looks more like the 2008 drop.. If she will hunt.. She better get off the pot.. 0488 is almost 200 away.. Ny could bounce about 30 pips.. That puts it back near 0340.. That NY bounce may be a sell.. . I'm on the side. for now.. I may scalp small positions with small stops later.

This is not a normal drop.. All the liquidity is North.. Anything down here is new money..
those who can, do. those who cant, talk about those who can
  • #102,034
  • Jul 5, 2022 4:47am Jul 5, 2022 4:47am
Quoting gatorinla
{quote} Its beyond the 30 pip threshold.. If there will be a search for liquidity... Where is it? All the late shorts, all the shorts stops piled at 0488+ 30, All the short stops piled up at 0614 + 30. All the short stops piled up at 0786 +.. But atm this looks more like the 2008 drop.. If she will hunt.. She better get off the pot.. 0488 is almost 200 away.. Ny could bounce about 30 pips.. That puts it back near 0340.. That NY bounce may be a sell.. . I'm on the side. for now.. I may scalp small positions with small stops later. This is not a normal...
in 2008 there was low liquidity and few buyers. It wont rise till market makers buy..
those who can, do. those who cant, talk about those who can
  • #102,035
  • Jul 5, 2022 4:55am Jul 5, 2022 4:55am
Quoting gatorinla
{quote} Its beyond the 30 pip threshold.. If there will be a search for liquidity... Where is it? All the late shorts, all the shorts stops piled at 0488+ 30, All the short stops piled up at 0614 + 30. All the short stops piled up at 0786 +.. But atm this looks more like the 2008 drop.. If she will hunt.. She better get off the pot.. 0488 is almost 200 away.. Ny could bounce about 30 pips.. That puts it back near 0340.. That NY bounce may be a sell.. . I'm on the side. for now.. I may scalp small positions with small stops later. This is not...
The way you explain this market.. I just love it.. Marking this post.
  • #102,036
  • Jul 5, 2022 5:02am Jul 5, 2022 5:02am
Bloomberg is talking about the banks in Europe is having problems.. UK bad too..
those who can, do. those who cant, talk about those who can
  • #102,037
  • Jul 5, 2022 5:03am Jul 5, 2022 5:03am
Quoting saninvestor
{quote} yes. It can drop lower. I'm ready to add one more around 027x. Then will wait.
0427 is where I'm looking for tp those longs. It's now below the support. is it a month lower wick with a green body candle? Or a full body breakout? Who knows? I'm betting on a wick. I have my reasons. So I'm still ok with my longs. 0427 is my first level to reach. Above is 0581/95 and 0699/716.
I may regret. Let's see
Trade to enjoy... Money is after!
  • #102,038
  • Jul 5, 2022 5:05am Jul 5, 2022 5:05am
Quoting Connors
{quote} The way you explain this market.. I just love it.. Marking this post.
In 2008 it seemed the only rises was people closing shorts to tp.. It capitulated until the usdx hit a big ass multi year trendline. In 2008 it dropped to places it hadnt bee at in a while.. Like now there is not many old shorts here since 2003.. All the shorts now are new.. The longs are new.. Anything with a 1.02 handle should be fresh.. I'm sure some will come and say they have a short from 1.2... Maybe that's true.. They held it all that time the swap was against them...
those who can, do. those who cant, talk about those who can
  • #102,039
  • Jul 5, 2022 5:15am Jul 5, 2022 5:15am
On the eu drop in 2008 from 1.6.. The fed was cutting rates. The ECB wasn't cutting.. This time the fed is raising..
Yet the usd was stronger. The FED was printing TARP.
Oh just for the hell of it,, We may have entered a recession.. Also banks were in trouble worldwide.. This time the bank noise is starting in the EZ. Did Russia shut the valve yet.. Yeah that too..
those who can, do. those who cant, talk about those who can
  • #102,040
  • Jul 5, 2022 5:21am Jul 5, 2022 5:21am
The impossible is about to happen - @zerohedge on Twitter:

The impossible is about to happen: Germany's trade balance set to turn negative next month.
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