The Swamp | Page 5439 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #108,761
  • May 12, 2023 7:13am May 12, 2023 7:13am
Quoting Boulder
5/12 trading levels 1.1013 1.0969 1.0942 1.0888 1.0861 1.0817 next to print 1.0942 or 1.0888
5/12 trading levels

1.1013
1.0969
1.0942

1.0888
1.0861
1.0817

1.0888 printed , next to print 1.0861 or 1.0942... day range low 1.0854 .. day range high 1.0967
  • #108,762
  • May 12, 2023 7:17am May 12, 2023 7:17am
Quoting Boulder
{quote} day EMA 50 at 1.0894 not mean the support will hold.... I have stop loss intact... I can give the level a try ,, I still can add 5 more positions for this long series...
The chf is hitting this R also.
It was soft last time. So I put the entry higher than the R
Attached Image (click to enlarge)
Click to Enlarge Name: 0.9936 bottom rise breakout 9-28-2022 5m.png Size: 5 KB
those who can, do. those who cant, talk about those who can
  • #108,763
  • May 12, 2023 7:22am May 12, 2023 7:22am
Quoting Boulder
{quote} you are brave,,
Need another ride to the Stanley.
Inserted Video
those who can, do. those who cant, talk about those who can
  • #108,764
  • May 12, 2023 7:24am May 12, 2023 7:24am
Hi Guys

If USDX maintain this price by end of day, its a weekly breakout?
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 7 KB
  • #108,765
  • May 12, 2023 7:32am May 12, 2023 7:32am
Quoting Boulder
{quote} 5/12 trading levels 1.1013 1.0969 1.0942 1.0888 1.0861 1.0817 1.0888 printed , next to print 1.0861 or 1.0942... day range low 1.0854 .. day range high 1.0967
I closed the GBP with about 1.5%. I'm in no hurry to take a trade until is hits S/R. I put the CHF entry a few pips higher than the R. Because to the left of the chart it punched through a little. Had i put it at the actual R it would of triggered.

Inserted Video
those who can, do. those who cant, talk about those who can
  • #108,766
  • May 12, 2023 7:36am May 12, 2023 7:36am
Quoting Invincibl3
Hi Guys If USDX maintain this price by end of day, its a weekly breakout? {image}
sure, but will it go up after? We dont know. Just being honest. A breakout is easy to see in hindsight. Lots a failed ones that go nowhere in real time. Find a support. Figure the risk to it before committing to the size of the trade. That is one of the biggest mistakes made. Placing a generic size trade that fits all. Adjust its size to the risk you want to take. Using the SL level as a guide.
those who can, do. those who cant, talk about those who can
  • #108,767
  • May 12, 2023 8:06am May 12, 2023 8:06am
let see bulls can take over 1.0902 at M5 to start...
  • #108,768
  • May 12, 2023 8:12am May 12, 2023 8:12am
Quoting Boulder
{quote} 5/12 trading levels 1.1013 1.0969 1.0942 1.0888 1.0861 1.0817 1.0888 printed , next to print 1.0861 or 1.0942... day range low 1.0854 .. day range high 1.0967
EC may give a double negative.. The chf may be a lot stronger verse the euro after breaking this support. Added with the chf/usd unable to get above that R posted. If these continues the eu will receive both of these negatives and drop as much as these 2 move combined. That eu could move in 1 day both of these adr combined. As they sit atm. Its not a good look for the eu long.
Attached Image (click to enlarge)
Click to Enlarge Name: 0.9936 bottom rise breakout 9-28-2022 5m.png Size: 6 KB
those who can, do. those who cant, talk about those who can
  • #108,769
  • May 12, 2023 8:15am May 12, 2023 8:15am
Quoting Boulder
let see bulls can take over 1.0902 at M5 to start...
TO me 1.0954 before 1.0865 but
  • #108,770
  • May 12, 2023 8:24am May 12, 2023 8:24am
Quoting chess king
{quote} TO me 1.0954 before 1.0865 but
I wish 1.0954 first... I would be out of my longs by then,, start shorting this,,,,
  • #108,771
  • May 12, 2023 8:29am May 12, 2023 8:29am
The eur/chf closed the 4h 8h below 0.9733. It was support.. it may be turning into R
Attached Image (click to enlarge)
Click to Enlarge Name: 0.9936 bottom rise breakout 9-28-2022 5m.png Size: 5 KB
those who can, do. those who cant, talk about those who can
  • #108,772
  • May 12, 2023 8:30am May 12, 2023 8:30am
Quoting Boulder
{quote} I wish 1.0954 first... I would be out of my longs by then,, start shorting this,,,,
just in case bulls can close above 1.0916 at M15, I will add more longs then...I am still waiting bulls to close above 1.0902 at M5 for longs to have some hope..
  • #108,773
  • Edited 9:35am May 12, 2023 9:22am | Edited 9:35am
Quoting gatorinla
{quote} The chf is hitting this R also. It was soft last time. So I put the entry higher than the R {image}
uc broke and closed above that R. It now may form support. That's not the best sign for a eu long.
I'm looking to long the uc. Tp on chart. About 100 pips.
If the uc goes up while the ec remains bearish under ec R. That 100 uc pips up will be added to whatever ec drops. That amount will be reflected on a eu drop. If done simultaneously. That probably wont happen. They will probably equalize with some stalling. If not, that's about 260 pips on the eu. If all this happens. The real figure should be somewhere between 160 and 260. That's below 1.0835. I expect a stall 1.0835/40, maybe a reversal there
Attached Image (click to enlarge)
Click to Enlarge Name: 0.9936 bottom rise breakout 9-28-2022 5m.png Size: 5 KB
those who can, do. those who cant, talk about those who can
  • #108,774
  • May 12, 2023 9:23am May 12, 2023 9:23am
Quoting gatorinla
{quote} sure, but will it go up after? We dont know. Just being honest. A breakout is easy to see in hindsight. Lots a failed ones that go nowhere in real time. Find a support. Figure the risk to it before committing to the size of the trade. That is one of the biggest mistakes made. Placing a generic size trade that fits all. Adjust its size to the risk you want to take. Using the SL level as a guide.

True also ... There are many failed one's too ... Not sure why I have been monitoring this line many months ... 4 times it respected by rejecting and now looks like maybe breaking out ... just curious on what would be the outcome ... anyway this is weekly ... maybe slow to play out ... I really love the way you analyze the risk ... I'm still learning ... a lot to learn from you guys ... sure, i have been trading with SL ... sometimes trading with emotion, i need to fix this, be emotionless and just stick to SL. Need to learn keep loses at minimal. Thank you for your input bro.
  • #108,775
  • May 12, 2023 9:31am May 12, 2023 9:31am
Quoting Boulder
long some 1.0889
I don't like Eur longs today ... I did have a few times to get out this with profit.. I didn't take it...
  • #108,776
  • May 12, 2023 9:38am May 12, 2023 9:38am
Quoting Boulder
{quote} just in case bulls can close above 1.0916 at M15, I will add more longs then...I am still waiting bulls to close above 1.0902 at M5 for longs to have some hope..
The uc close above R, was more bad news for eu longs
Attached Image (click to enlarge)
Click to Enlarge Name: 0.9936 bottom rise breakout 9-28-2022 5m.png Size: 5 KB
those who can, do. those who cant, talk about those who can
  • #108,777
  • May 12, 2023 9:41am May 12, 2023 9:41am
Quoting gatorinla
{quote} The uc close above R, was more bad news for eu longs {image}
I probably get stop out today... let see...
my last pending still waiting for trigger at 1.0861.. after that I will embrace whatever happens...either stop out or make some profit...
  • #108,778
  • May 12, 2023 9:43am May 12, 2023 9:43am
Quoting Invincibl3
{quote} True also ... There are many failed one's too ... Not sure why I have been monitoring this line many months ... 4 times it respected by rejecting and now looks like maybe breaking out ... just curious on what would be the outcome ... anyway this is weekly ... maybe slow to play out ... I really love the way you analyze the risk ... I'm still learning ... a lot to learn from you guys ... sure, i have been trading with SL ... sometimes trading with emotion, i need to fix this, be emotionless and just stick to SL. Need to...
Good luck.. This separates us from our money
those who can, do. those who cant, talk about those who can
  • #108,779
  • May 12, 2023 9:49am May 12, 2023 9:49am
Quoting Boulder
{quote} I probably get stop out today... let see... my last pending still waiting for trigger at 1.0861.. after that I will embrace whatever happens...either stop out or make some profit...
I got stopped on the uc short. I placed long before it was hit w/o emotion. The stop was a calculated 6% of the possible move anticipated. It was wrong. So it took my .25%. I'm glad i closed the gbp.. new short gbp chart coming
GBP broke support + 6% of slip
those who can, do. those who cant, talk about those who can
  • #108,780
  • May 12, 2023 9:50am May 12, 2023 9:50am
Quoting gatorinla
{quote} I got stopped on the uc short. I placed long before it was hit w/o emotion. The stop was a calculated 6% of the possible move anticipated. It was wrong. So it took my .25%. I'm glad i closed the gbp.. new short gbp chart coming
1.5% DD atm.. plan to take 4% stop
I cancel the pending 1.0861
311 traders viewing now