The Swamp

We all got our popcorn. Feast or famine.

12h candles

EURUSD finding support at the 200 SMA channal on the 15 min chart. Better quality image this time.

Ms LaGarde speaks now

Federal Reserve Governor Lisa Cook speaks and the EURUSD goes up. Ms Lagarde speaks and the Euro goes down

another shot.

20 min out

8h candles. A close with Europe and U.S. markets open next h. + after employment news. Cam levels circled.

out. Filled on Long 08667. Flat

I had shorts on SPY and QQQ covered pre market for Lunch Money.

0874/77 next R. Bulls dont want to fall down now.

0876 too.
Bulls want to close above these today and Friday..
Its weakness not to.
Weakness to test 0862. Closing below 0862 more weakness.
Strength is to run up, and close above

TP hit. Feast!

8h beat 0877/76/74. 0889 not beat. Dynamic R (4h through day) is still in this area. Clear as mud. Break out with dynamic pressure resisting, or double top..

The numbers are so close. PA will hit them easily. A day/week close is needed. The 6 h closes in 1.5 hs

Thankfully I'm on the sidelines. Taking a break, see you at the London Close.

Weekly averaged range, 159 pips. ATM 222 pips. 140% of average. PA is 40% above week normal.

Lurker here as for a long while since muppet Cloggie days. Lost my previous account. Really love this thread.
Posting the following food for thought

Aussie looking cheap vis-a-vis commodities prices and reopening of China Aussie Copper / Iron ore / Coal.
Monthly chart looks pretty decent with good R:R if you are into swing trades.

0.65 needs to be taken convincingly. We have been bouncing and getting rejected a lot at those levels but if she goes, she blows (that's what they all say in the club ) But definitely looking to building size on this.

Sizing is for minimum 3 - 6 months and swap points is going to hurt for a bit but if it gets to where i think it's fair value for her given commodities then I'm looking at around .68 to .7.

Side note, i'm a professional commodities trader.

Don't like Euro at these levels. R:R doesn't make sense in anyway. My view is anything sub 1.06 is a buy and carry with stop loss around 1.05 and anything above 1.08 is a punt given fundies and macro.

Would rather look at single names equities for absolute returns.

I cant long eu with dynamic pressure, plus well above wk average range. I may try closer to 0942 59 83. PA is getting close to the month average range at 0934. I may nibble with little ones. I still have multiple little ones. Max risk will be less than 2%.
Since pa is in the Dynamic pressure etc. If the rise ends up back below 0874/77 to close today. That may be a reject.
Sometimes after a new HH, just being below 0474 can run some.
ADR 0905