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The Swamp

  • #105,581
  • Nov 11, 2022 11:40am Nov 11, 2022 11:40am
Just letting some know. My sight is starting to suck. I cant type. So this in 1 finger typing. So when i write numbers and they dont match the chart. let me know.
those who can, do. those who cant, talk about those who can
  • #105,582
  • Nov 11, 2022 11:42am Nov 11, 2022 11:42am
Quoting charlienoble
I overwrote my fib with the old algo fib you posted years ago. Is very helpful
It helps a little with the risk. You should have a target before entry. That helps figuring how much in pips you want to risk. You dont want to risk 20 pips to make 3.. Find a better entry with support or Resistance at your back. risk 20 to make 100+
those who can, do. those who cant, talk about those who can
  • #105,583
  • Nov 11, 2022 11:55am Nov 11, 2022 11:55am
Quoting fontu
Pa looks no intention breaks 0349 so soon , few weeks to months even! while targets at low still like 0.9866! {image} {image} {image} {image}
spot on
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those who can, do. those who cant, talk about those who can
  • #105,584
  • Nov 11, 2022 12:00pm Nov 11, 2022 12:00pm
I dont know if it will fall once 1.0349 is reached. Often 43 slip pips will hold it. All your indicators will be bullish. Pa will be under the day 200 ema at 1.0388ish. It may be a time to hunt in this tall grass above 1.0349. Close losers w/o overextending or overleverage. You dont need a mega trade to make money.
those who can, do. those who cant, talk about those who can
  • #105,585
  • Nov 11, 2022 12:30pm Nov 11, 2022 12:30pm
Quoting gatorinla
{quote} Original chart. {image}
I had something similar... started buying at 9565... still long, macro targets are much higher.... but I typically hold positions for 6 months or more...

certainly an interesting time to be trading at this level ... holiday friday afternoon after a outsized Fundie driven trend shattering move...
  • #105,586
  • Nov 11, 2022 12:40pm Nov 11, 2022 12:40pm
Quoting Wulfgar
{quote} I had something similar... started buying at 9565... still long, macro targets are much higher.... but I typically hold positions for 6 months or more... certainly an interesting time to be trading at this level ... holiday friday afternoon after a outsized Fundie driven trend shattering move...
that swap must suck
those who can, do. those who cant, talk about those who can
  • #105,587
  • Nov 11, 2022 12:43pm Nov 11, 2022 12:43pm
Quoting gatorinla
{quote} that swap must suck
Yeah, its been heinous for sure.... but with the yen pairs running 5000pts in under a year it more than gets paid for...
  • #105,588
  • Nov 11, 2022 12:48pm Nov 11, 2022 12:48pm
200 day
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those who can, do. those who cant, talk about those who can
  • #105,589
  • Nov 11, 2022 12:55pm Nov 11, 2022 12:55pm
Quoting gatorinla
200 day {image}
Was just looking at that also, that is where I'm going to try.
  • #105,590
  • Nov 11, 2022 1:19pm Nov 11, 2022 1:19pm
Quoting Wulfgar
{quote} Yeah, its been heinous for sure.... but with the yen pairs running 5000pts in under a year it more than gets paid for...
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those who can, do. those who cant, talk about those who can
  • #105,591
  • Nov 11, 2022 4:00pm Nov 11, 2022 4:00pm
took a small short at 1.036 8 pip stop. Had a fib level there.
  • #105,592
  • Nov 11, 2022 5:13pm Nov 11, 2022 5:13pm
Quoting charlienoble
took a small short at 1.036 8 pip stop. Had a fib level there.
I dont think much changed with ez But maybe russia talking about ending Ukraine invasion will help. If not the u.s. will still have the energy advantage over ez. If it cant make 1.0806.. The next lower then .9695 is .9332. One or the other will be next. The road not taken may be the other after. When at one.. Look for a bounce to the other opposite
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those who can, do. those who cant, talk about those who can
  • #105,593
  • Edited 6:29pm Nov 11, 2022 6:17pm | Edited 6:29pm
Quoting gatorinla
{quote} I dont think much changed with ez But maybe russia talking about ending Ukraine invasion will help. If not the u.s. will still have the energy advantage over ez. If it cant make 1.0806.. The next lower then .9695 is .9332. One or the other will be next. The road not taken may be the other after. When at one.. Look for a bounce to the other opposite {image}
PS 1.0349 is/was one, .9595 is/was one. So is 0.77 and 0.7992
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those who can, do. those who cant, talk about those who can
  • #105,594
  • Nov 11, 2022 9:47pm Nov 11, 2022 9:47pm
Quoting gatorinla
I dont know if it will fall once 1.0349 is reached. Often 43 slip pips will hold it. All your indicators will be bullish. Pa will be under the day 200 ema at 1.0388ish. It may be a time to hunt in this tall grass above 1.0349. Close losers w/o overextending or overleverage. You dont need a mega trade to make money.
so gator, upon 1.0349 hit, EU will retrace to 1.007 - 1.008 ?
is it the last chance to long after retrace over 200 pips ?
  • #105,595
  • Nov 11, 2022 10:16pm Nov 11, 2022 10:16pm
Quoting hans91
{quote} so gator, upon 1.0349 hit, EU will retrace to 1.007 - 1.008 ? is it the last chance to long after retrace over 200 pips ?
I'm not 100%. If it would just be 1.0349 and no like size ones like 1.0806. I would be more confident. The rule i loosely use is about 1.0349/slip. Slip may be 43 ish pips. The problem the last one like 0.9595 was hit. The bounce later was 1250 pips. 1250 pips is closer to 1.0806. So it may fall anytime after 1.0349 was hit. I dont know. .9595 is taken from charts 20+ years old. 1.0349 and 1.0806 are less than 1 year old. The old divide was 1.0835. PA crossed it, and made a LL. The b/o to the LL was right about where pa sits now. This 1.0349 can be the new divide. The new R area.
If that be the case it may start acting like R here. It may test it. It may bounce to it several times. And being bearish run to those lower ones on the chart. 1.007x may not hold support. The best I can tell you is use whatever method you use to find a trade. Don't fight it if it looks to want 1.0808 or .9332. Those red lines are the stronger ones. The red ones have most potential for larger bounces. The previous one bounced 1250 pips. ATM this one bounced 828.
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those who can, do. those who cant, talk about those who can
  • #105,596
  • Nov 11, 2022 10:25pm Nov 11, 2022 10:25pm
Quoting hans91
{quote} so gator, upon 1.0349 hit, EU will retrace to 1.007 - 1.008 ? is it the last chance to long after retrace over 200 pips ?
Sometimes old strong support becomes new strong R.
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those who can, do. those who cant, talk about those who can
  • #105,597
  • Nov 11, 2022 10:29pm Nov 11, 2022 10:29pm
Quoting gatorinla
{quote} Sometimes old strong support becomes new strong R. {image}
indeed Gator, it has hit your 0349 quicker than I thought.
Patience, Emotion Control and Discipline.
  • #105,598
  • Nov 11, 2022 10:35pm Nov 11, 2022 10:35pm
Quoting gatorinla
{quote} Sometimes old strong support becomes new strong R. {image}
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those who can, do. those who cant, talk about those who can
  • #105,599
  • Nov 12, 2022 2:17am Nov 12, 2022 2:17am
Quoting gatorinla
{quote} I'm not 100%. If it would just be 1.0349 and no like size ones like 1.0806. I would be more confident. The rule i loosely use is about 1.0349/slip. Slip may be 43 ish pips. The problem the last one like 0.9595 was hit. The bounce later was 1250 pips. 1250 pips is closer to 1.0806. So it may fall anytime after 1.0349 was hit. I dont know. .9595 is taken from charts 20+ years old. 1.0349 and 1.0806 are less than 1 year old. The old divide was 1.0835. PA crossed it, and made a LL. The b/o to the LL was right about where pa sits now. This 1.0349...
thanks for the reply gator,but of course if 1.08 we may see Fed to give hints to cut rates, that we may see DXY will weaken faster, so far they still wanna hike rates to 4.5 - 5%.. i don't know if economy in US will struggle enough where i see news told us that massive layoffs happen in big tech company. it will affect DXY too so i think with that condition maybe DXY will weak further so that EU will fly to 1.08 for next year even to 1.1xx again before war occured but i might be wrong of course.
  • #105,600
  • Nov 14, 2022 3:37am Nov 14, 2022 3:37am
Tesla Model Y going out of control, causing havoc In China...
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