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The Swamp

  • #104,201
  • Sep 23, 2022 11:28am Sep 23, 2022 11:28am
Canada often got the remnants of U.S. Southern hurricanes. That has caused many floods in the past. Now with global warming. The warmer water is further North. Canada is getting its own hurricane. Just Imagine those North-Easters in the North East coming in winter.
those who can, do. those who cant, talk about those who can
  • #104,202
  • Sep 23, 2022 11:37am Sep 23, 2022 11:37am
Longs are against a good strong trend. You should have a reasonable hard stop loss. 45 pips was just from 1 example. I dont have enough big reversals to have a average worth talking about. Oher means below .9596 with some confirmation should be used.
those who can, do. those who cant, talk about those who can
  • #104,203
  • Sep 23, 2022 12:53pm Sep 23, 2022 12:53pm
It looks like non commercial got spanked. NC closed more short. Overall 4k more shorts were closed.
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those who can, do. those who cant, talk about those who can
  • #104,204
  • Sep 23, 2022 12:57pm Sep 23, 2022 12:57pm
I'll show them!! Wait. What?

https://www.yahoo.com/sports/protest...171256512.html
  • #104,205
  • Sep 23, 2022 1:07pm Sep 23, 2022 1:07pm
Quoting gatorinla
It looks like non commercial got spanked. NC closed more short. Overall 4k more shorts were closed. {image}
What does NY closing shorts mean for this pair, short term rise?
  • #104,206
  • Sep 23, 2022 2:25pm Sep 23, 2022 2:25pm
Happy weekend everyone! Next week is a brand new week
Patience, Emotion Control and Discipline.
  • #104,207
  • Edited 4:12pm Sep 23, 2022 3:58pm | Edited 4:12pm
Quoting Mitiblotch
{quote} What does NY closing shorts mean for this pair, short term rise?
Mid week at close. Retailers, and hedge funds were net long. We dont know what happened since. Atm it looks like someone closed a lot of longs, or added shorts. I think more shorts will close .9595/50 area. I think more longs will be added there. That is probably a place that tilts the balance to longs. Not that the main trend will change. The last one I see like this was 1250 pips. I think 1.0349 is not so far. At 750 ish pips.
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those who can, do. those who cant, talk about those who can
  • #104,208
  • Sep 23, 2022 4:28pm Sep 23, 2022 4:28pm
Lets not kid ourselves. Anything concerning fundis, trend, rates etc. look EU bearish. They are bearish. All I see here is a tech reason. I once thought that pa had to return to the inception mid, at 1.0835. The pool at 1.0805.5. 1250 pips off .9575/50 is damn close to 1.0835. I dont have any reasons to post this tin hat theory. This just happens to fit a puzzle.
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those who can, do. those who cant, talk about those who can
  • #104,209
  • Sep 23, 2022 4:34pm Sep 23, 2022 4:34pm
1.0835 Is probably a big R now.
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those who can, do. those who cant, talk about those who can
  • #104,210
  • Edited Sep 24, 2022 4:20am Sep 23, 2022 5:09pm | Edited Sep 24, 2022 4:20am
0.533/1.6037=1.0835.5. 61.8% =.9607. .9596 is the algo/pool. Scene of the crime at 1.0835.
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those who can, do. those who cant, talk about those who can
  • #104,211
  • Edited 5:35am Sep 25, 2022 5:24am | Edited 5:35am
Quoting gatorinla
0.533/1.6037=1.0835.5. 61.8% =.9607. .9596 is the algo/pool. Scene of the crime at 1.0835. {image} {image}
If pa is to bounce a decent amount. This area 0.960x/0.9596/0.950ish area has a lot of dotted I's and crossed T's. This is larger then the others over the last few months. Most of those worked, .9780 did not. This larger pool 0.9596 attractant. So close to FOMC probably was most of the reason 0.9780 didnt work. The 4 working ones total was over 300 pips each. (+1200 gain). The last one a -50 pips loss. I think the larger players are watching this 0.9596 area. To closes shorts.

The long for .9780 failed. It was also a tp point from 1.0159.
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those who can, do. those who cant, talk about those who can
  • #104,212
  • Edited 5:47am Sep 25, 2022 5:36am | Edited 5:47am
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Quoting gatorinla
{quote} If pa is to bounce a decent amount. This area 0.960x/0.9596/0.950ish area has a lot of dotted I's and crossed T's. This is larger then the others over the last few months. Most of those worked {image}
This is not a snowball strategy. This one to be held, or take a loss. Later entry's will lesson the reward, to risk factor. Directional trend wise, the risk is greater (falling knife(. Directional is one trend trending method. PA has other trends less talked about.
those who can, do. those who cant, talk about those who can
  • #104,213
  • Sep 25, 2022 5:37am Sep 25, 2022 5:37am
With GBP spectacular week last week what are your thoughts on the 1760 short
  • #104,214
  • Sep 25, 2022 8:59am Sep 25, 2022 8:59am
Quoting charlienoble
With GBP spectacular week last week what are your thoughts on the 1760 short
I think it had a chance to bounce and didnt 1.0875 area. The low atm is less than 40 pips below it. 1.0720 area may be a better spot. Its very bearish coming into these pools.
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those who can, do. those who cant, talk about those who can
  • #104,215
  • Sep 25, 2022 9:36am Sep 25, 2022 9:36am
Quoting charlienoble
With GBP spectacular week last week what are your thoughts on the 1760 short
I'm not the best trader, but I would wait to see what the new government's announcements are and what the backbenchers reactions are to GBP weakening. Very risky to enter a long at the moment due to the downside momentum.
  • #104,216
  • Sep 25, 2022 9:40am Sep 25, 2022 9:40am
Quoting Steamroller
{quote} I'm not the best trader, but I would wait to see what the new government's announcements are and what the backbenchers reactions are to GBP weakening. Very risky to enter a long at the moment due to the downside momentum.
Yeah, no doubt. If it goes much further Truss is going to enjoy a remarkably short time as PM
  • #104,217
  • Sep 25, 2022 9:42am Sep 25, 2022 9:42am
Quoting Steamroller
{quote} I'm not the best trader, but I would wait to see what the new government's announcements are and what the backbenchers reactions are to GBP weakening. Very risky to enter a long at the moment due to the downside momentum.
if GU goes up it still needs a liquidity grab imo
  • #104,218
  • Sep 25, 2022 9:47am Sep 25, 2022 9:47am
You can short a low, or wait for a bounce to short it. Its always a gamble. Price is less than 400 pips from ALT low.
those who can, do. those who cant, talk about those who can
  • #104,219
  • Sep 25, 2022 9:51am Sep 25, 2022 9:51am
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https://www.keycurrency.co.uk/gbp-to-usd/
those who can, do. those who cant, talk about those who can
  • #104,220
  • Sep 25, 2022 9:57am Sep 25, 2022 9:57am
GBP is 3% from ALT low. 314 pips.
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those who can, do. those who cant, talk about those who can
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