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The Swamp

  • #110,741
  • Jul 27, 2023 3:04pm Jul 27, 2023 3:04pm
this trader Mike’s tweet.

Us traders are very misunderstood beings
Only we understand each other
Outsiders will never begin to comprehend the grit it takes to succeed at this
You may be called a gambler
Lazy
Told to grow up
I've heard it all when I was starting out
They dont see the hours of data collection
They dont see the blown up accounts
They dont see hours of video lessons you've watched
They dont see the relentless grind that is takes to do this shit
Lazy people dont eat in this game. They get fuckin eaten
A lazy successful trader does not exist
The grind to make this happen is something ruthless something ugly
You will be misunderstood and that's fine
You dont need anyone to believe in you except YOU
A belief in yourself will take you wherever you wanna go
Believe that
  • #110,742
  • Jul 27, 2023 4:09pm Jul 27, 2023 4:09pm
Quoting Boulder
this trader Mike’s tweet. Us traders are very misunderstood beings Only we understand each other Outsiders will never begin to comprehend the grit it takes to succeed at this You may be called a gambler Lazy Told to grow up I've heard it all when I was starting out They dont see the hours of data collection They dont see the blown up accounts They dont see hours of video lessons you've watched They dont see the relentless grind that is takes to do this shit Lazy people dont eat in this game. They get fuckin eaten...
0991 1004? has some R.
those who can, do. those who cant, talk about those who can
  • #110,743
  • Jul 27, 2023 4:12pm Jul 27, 2023 4:12pm
7/28 Friday trading levels

1.1213
1.1142
1.1099

1.1029 PP

1.0959
1.0915
1.0845

next to print 1.0959 or 1.1029...
  • #110,744
  • Jul 27, 2023 4:20pm Jul 27, 2023 4:20pm
Quoting Boulder
7/28 Friday trading levels 1.1213 1.1142 1.1099 1.1029 PP 1.0959 1.0915 1.0845 next to print 1.0959 or 1.1029...
I'm thinking 1.1044 plus some slip is a solid R. 1004 may be one too.
099/92 has some R too. but its not so far.. It may need some elbow room. But i dont see a healthy bulls at all.
I dont think so much about breaking 1004.. If it was able to get above 1025 has some mid R.
It may be attracted to 0991/92 into NY

Trend resumptions dont retrace much early on. Moves after FOMC often dont retrace either. Often they last for weeks..
You got both worlds here.
those who can, do. those who cant, talk about those who can
  • #110,745
  • Jul 27, 2023 8:47pm Jul 27, 2023 8:47pm
Quoting gatorinla
{quote} I'm thinking 1.1044 plus some slip is a solid R. 1004 may be one too. 099/92 has some R too. but its not so far.. It may need some elbow room. But i dont see a healthy bulls at all. I dont think so much about breaking 1004.. If it was able to get above 1025 has some mid R. It may be attracted to 0991/92 into NY Trend resumptions dont retrace much early on. Moves after FOMC often dont retrace either. Often they last for weeks.. You got both worlds here.
Typo here 0991/92 correct
those who can, do. those who cant, talk about those who can
  • #110,746
  • Jul 27, 2023 8:56pm Jul 27, 2023 8:56pm
Quoting Boulder
7/28 Friday trading levels 1.1213 1.1142 1.1099 1.1029 PP 1.0959 1.0915 1.0845 next to print 1.0959 or 1.1029...
If it makes it there, it may be a decent short. I'm thinking it wont go there. I'm hopeful it can make 0991.x
those who can, do. those who cant, talk about those who can
  • #110,747
  • Jul 27, 2023 9:22pm Jul 27, 2023 9:22pm
I dont think 1050 will happen. There is a decent option there. I hope it would get there. I doubt 1044 will let it.. 1.9b
ATM todays low is 0970.x. ADR has risen to 76 pips. ADR off atm low is 1046. That's close to 1044. Its close to the 1.9 option. I dont think its going there. But it does have a chance. As long as tomorrow closes below 1044 My bear is still strong. A deviation to 1044/50 wouldn't hurt it. Out of caution, I closed some shorts. I will add them on a rise.
I dont think pa can pass 1004. But I dont want to give 60 pips back.
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those who can, do. those who cant, talk about those who can
  • #110,748
  • Jul 27, 2023 9:41pm Jul 27, 2023 9:41pm
If pa can manage to reach those options. ADR will be reached. So the hour following the expiration will probably run back to 1.0991X. The current yesterday low, to the yesterday high, 50% mark is 1057. 1057 + some slip and spread may be a good s/l. To short a bounce back to 1.0991x or resumption of the bear trend. 1044/50/57 could be a cherry short. If it bounces there. If it met options 1050. The day trade short tp is about 59 pips.
those who can, do. those who cant, talk about those who can
  • #110,749
  • Jul 27, 2023 9:49pm Jul 27, 2023 9:49pm
I'm skeptical on a bounce to 1050. But there is a decent size option there. It dont hurt to have a plan before hand. The R/R justifies it. ADR is there. A 50% retrace is there. PA may not come. But i got a plan if it does. Planning is free. R/R is calculated before the emotion.
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those who can, do. those who cant, talk about those who can
  • #110,750
  • Jul 27, 2023 10:01pm Jul 27, 2023 10:01pm
I'm looking for any reason for pa to bounce all i found atm in week average range at 0974. Day 50 at 0969
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  • #110,751
  • Jul 27, 2023 11:00pm Jul 27, 2023 11:00pm
Oh well its out of my hands. Maybe they can pump it before news release.
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those who can, do. those who cant, talk about those who can
  • #110,752
  • Jul 27, 2023 11:41pm Jul 27, 2023 11:41pm
Took a small gbp long off the week range hit. tp 1.2848, about 78 pips. I may take another before 1.2700

I could of taken the same trade on the eu. But the potential tp is about 1/2 the pips at 0991

I got a short pending on EG..
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those who can, do. those who cant, talk about those who can
  • #110,753
  • Jul 27, 2023 11:55pm Jul 27, 2023 11:55pm
Potential gbp short 2847/70.
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those who can, do. those who cant, talk about those who can
  • #110,754
  • Jul 28, 2023 4:35am Jul 28, 2023 4:35am
Quoting gatorinla
Took a small gbp long off the week range hit. tp 1.2848, about 78 pips. I may take another before 1.2700 I could of taken the same trade on the eu. But the potential tp is about 1/2 the pips at 0991 I got a short pending on EG.. {image}
eg at .8554 now.. it may go to .860x ish. If it does the eu may soon go to 0991. 1044/50 dont look good. Those options look to be wasted
those who can, do. those who cant, talk about those who can
  • #110,755
  • Jul 28, 2023 4:38am Jul 28, 2023 4:38am
Quoting gatorinla
Potential gbp short 2847/70. {image}
update gu 36 pipd higher atm 30 pips till tp
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those who can, do. those who cant, talk about those who can
  • #110,756
  • Jul 28, 2023 4:43am Jul 28, 2023 4:43am
The eu is a 100 pip whore... 0942 was the leg it may find support. so it may test 1044. I was sleeping and missed it.
1025 is 1/2 way to 1108. 0991/92 has its best shot off 0942 today early in U.S. session or before. Options may be too far at 1050, but this is the best support to do it.
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those who can, do. those who cant, talk about those who can
  • #110,757
  • Jul 28, 2023 4:58am Jul 28, 2023 4:58am
Quoting gatorinla
{quote} I added 1 pip to adr 73. 0942 +74 is 1016 in reversed engineering. After close tonight. 1016ish may cap it. But 1004 may develop as R also. 1.004 -74 puts pa below 0942..0930, and less, is probable. If the fix ix below 1.004
Reversed engineered off 0942 can be eu going to 1019 using adr. Near 1025. 31 pips from options. But above 0991. If it makes it somewhere like 1050 for expiry. The following hour will most likely whip down hard to 0991 or less. If pa is at 1050 for expiration. The odds are is will drop 59 pips or more the following h.. Don't get caught in the drop against your long. It will make you believe its breaking out North. Its probably trapping you to slam back to 0942 and less.
those who can, do. those who cant, talk about those who can
  • #110,758
  • Jul 28, 2023 5:04am Jul 28, 2023 5:04am
Quoting gatorinla
{quote} Reversed engineered off 0942 can be eu going to 1019 using adr. Near 1025. 31 pips from options. But above 0991. If it makes it somewhere like 1050 for expiry. The following hour will most likely whip down hard to 0991 or less. If pa is at 1050 for expiration. The odds are is will drop 59 pips or more the following h.. Don't get caught in the drop against your long. It will make you believe its breaking out North. Its probably trapping you to slam back to 0942 and less.
GU 1.2848ish is a similar story
Inserted Video
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  • #110,759
  • Jul 28, 2023 5:14am Jul 28, 2023 5:14am
Quoting gatorinla
{quote} eg at .8554 now.. it may go to .860x ish. If it does the eu may soon go to 0991. 1044/50 dont look good. Those options look to be wasted
I closed the eg long. I dont like they way it acts close to .8566.. It could resist 8566.
those who can, do. those who cant, talk about those who can
  • #110,760
  • Jul 28, 2023 5:19am Jul 28, 2023 5:19am
Quoting gatorinla
{quote} I closed the eg long. I dont like they way it acts close to .8566.. It could resist 8566.
Yea EG not acting right.. .8566 may be resistance. If it gets above .8566 it may turn to support.
If its R. the Gu may/will make 1.2848/49 before the eu makes its move. EG caught under .8566 R. Means the gu rises first. Once gu is at 1.2848 it may fall. The eu rise then, but eg still under .8566. EG may also be stuck near week average range at .8585. I thought it may rise from it. But not if it cant get above 8566.
those who can, do. those who cant, talk about those who can
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