The Swamp | Page 300 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #5,981
  • Edited 4:30pm Jun 16, 2016 11:35am | Edited 4:30pm
Quoting cspip
{quote} After 1.1134 looks to be heading back to 1.1206 and / or 1.1221
Possible sell around 1.1264/74
  • #5,982
  • Jun 16, 2016 11:40am Jun 16, 2016 11:40am
Quoting cspip
{quote} Possible sell around 1.1264
I think AU good option to SHORT
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 2 KB
A good trader follows his rules, but great trader knows when to break them
  • #5,983
  • Jun 16, 2016 11:51am Jun 16, 2016 11:51am
Quoting ill_be_back
{quote} I think AU good option to SHORT {image}

Haven't been following AU much, could go down for some, but also expecting to go back to 0.7433...
  • #5,984
  • Jun 16, 2016 11:58am Jun 16, 2016 11:58am
Quoting cspip
{quote} Haven't been following AU much, could go down for some, but also expecting to go back to 0.7433...
SL at BE
Lets see what happens
A good trader follows his rules, but great trader knows when to break them
  • #5,985
  • Jun 16, 2016 1:47pm Jun 16, 2016 1:47pm
Quoting ill_be_back
{quote} I think AU good option to SHORT {image}
7389 comes up in 2 scenarios. 7394 in another..7389 may be close R
those who can, do. those who cant, talk about those who can
  • #5,986
  • Edited 4:49pm Jun 16, 2016 1:49pm | Edited 4:49pm
Tiny Pending SHORT
cancelled
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 2 KB
A good trader follows his rules, but great trader knows when to break them
  • #5,987
  • Jun 16, 2016 1:55pm Jun 16, 2016 1:55pm
Quoting gatorinla
{quote} 7389 comes up in 2 scenarios. 7394 in another..7389 may be close R
Was S/O BE+2
A good trader follows his rules, but great trader knows when to break them
  • #5,988
  • Jun 16, 2016 2:17pm Jun 16, 2016 2:17pm
Quoting ill_be_back
{quote} Lost 3 in AU, But recovered & made some on NU {image} {image} {image}
  • #5,989
  • Jun 17, 2016 12:51am Jun 17, 2016 12:51am
a few levels I might consider considering....if not today, then next week...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 53 KB
Click to Enlarge Name: GBPJPYH1.png Size: 52 KB
Click to Enlarge Name: EURGBPH1.png Size: 70 KB
Look Sharp/Trade Tight
  • #5,990
  • Jun 17, 2016 12:54am Jun 17, 2016 12:54am
Quoting gatorinla
{quote} its answered in previous post. 100.5/.7 is an attraction. most times it goes there. its a larger move to get there. it takes time and will have many bounces. at this point in the game its moved over 2 thousand pips. the remainder is less than 20% of forecast move. so the r/r here is not as good as it once was. a new chance to get a short on a bounce 103.56 ish.. some R may be at 105.59 ish/. i am not advocating a long atm.. if i was to take one some sort of reversal evidence would help 103.56 ish. but i dont expect a bounce to change 100.5/.7...
Thanks for the kind reply

Are you saying you still have 68.09 in the cards?
  • #5,991
  • Jun 17, 2016 7:08am Jun 17, 2016 7:08am
Quoting cspip
{quote} Possible sell around 1.1264/74
After 50 pip drop from 1.1264, seems to going for ~1.1370 now...
  • #5,992
  • Jun 17, 2016 9:31am Jun 17, 2016 9:31am
On the weekly charts for the pound crosses, everywhere hammers. In my opinion, it looks ready for a relief rally in the pound crosses next week. It looks like the market doesn't believe in a Brexit.

The same for EU on the weekly, nice hammer.

EG nice inverted hammer on the weekly, the daily with some nice wicks.
  • #5,993
  • Jun 17, 2016 10:25am Jun 17, 2016 10:25am
Quoting ceetee
On the weekly charts for the pound crosses, everywhere hammers. In my opinion, it looks ready for a relief rally in the pound crosses next week. It looks like the market doesn't believe in a Brexit. The same for EU on the weekly, nice hammer. EG nice inverted hammer on the weekly, the daily with some nice wicks.
EG looks a bit sketch to be honest, if you look left on the weekly charts, you'll see many hammers that were nullified with a continuing upward swing. Monthly still indicates a bullish position to me, for the time being anyway. PA wise, monthly looks more able to go up than down at an estimated 70% chance.

I have a feeling GBP is just gasping for air right now before it's dunked again, but who knows for sure, USD/JPY looks pretty screwed in monthly.
  • #5,994
  • Jun 17, 2016 11:29am Jun 17, 2016 11:29am
eu keep testing the resistance at the 1.13 area. will it break today?

eu h1
Attached Image (click to enlarge)
Click to Enlarge Name: 2016617-132436.jpg Size: 167 KB
  • #5,995
  • Jun 17, 2016 11:39am Jun 17, 2016 11:39am
Quoting Wavves
{quote} EG looks a bit sketch to be honest, if you look left on the weekly charts, you'll see many hammers that were nullified with a continuing upward swing. Monthly still indicates a bullish position to me, for the time being anyway. PA wise, monthly looks more able to go up than down at an estimated 70% chance. I have a feeling GBP is just gasping for air right now before it's dunked again, but who knows for sure, USD/JPY looks pretty screwed in monthly.
True, but if you look at the daily of EG, some pretty big wicks four days in a row. Look also GN and GA, especially GN, some pretty big wicks a few days in a row. And the wick on GU is also quite big.

In my opinion, if there is no brexit the yen will get dropped like never before. GJ bounced exactly on a monthly level on the chart.
  • #5,996
  • Jun 17, 2016 11:49am Jun 17, 2016 11:49am
Quoting ceetee
{quote} True, but if you look at the daily of EG, some pretty big wicks four days in a row. Look also GN and GA, especially GN, some pretty big wicks a few days in a row. And the wick on GU is also quite big. In my opinion, if there is no brexit the yen will get dropped like never before. GJ bounced exactly on a monthly level on the chart.
Yeah I see the daily, not sure what to make of it right now. It did make a higher high from the first attempt at breaking the 0.794 resistance, but those 4 candle sell downs look scary, maybe it could bring it back down to around the 0.780 support level?
  • #5,997
  • Edited 12:03pm Jun 17, 2016 11:50am | Edited 12:03pm
Quoting stylinex
{quote} Thanks for the kind reply Are you saying you still have 68.09 in the cards?
i am saying its valid. it probably would take a world upset to get there. look at a month uj chart pre 2008. note a year before in june 2007 what the yen did. note what june 2015 what the yen did. note what happened 1 year later in july 2008 (worldwide economy). that move missed 68.09 target. courtesy of boj manipulation. manipulation is still present but yet the yen strengthens .. boj has lost its affect.. meanwhile the fed is trying to prevent disaster on a world scale by not raising. the fed has a double edge sword, not raising raises euro and yen's power.. hurting both ez and asia. the medicine may be worse than the disease.. i smell deflation worldwide. they are weakening the usd, when in reality it should rise..it will last till the dam topples..
those who can, do. those who cant, talk about those who can
  • #5,998
  • Jun 17, 2016 12:08pm Jun 17, 2016 12:08pm
Quoting gatorinla
{quote} i am saying its valid. it probably would take a world upset to get there. look at a month uj chart pre 2008. note a year before in june 2007 what the yen did. note what june 2015 what the yen did. note what happened 1 year later in july 2008. that move missed 68.09 target. courtesy of boj manipulation. manipulation is still present but yet the yen strengthens .. boj has lost its affect..
So, Japan currently has 227% debt to GDP, with a huge aging working population on their way out to retirement. Albeit their debt is mostly tied domestically, is this why so many investors see the Yen as a safe haven? The only chair partially covered in shit in the game of musical chairs, while all the other chairs are just straight splattered?
  • #5,999
  • Jun 17, 2016 12:12pm Jun 17, 2016 12:12pm
Quoting Wavves
{quote} Yeah I see the daily, not sure what to make of it right now. It did make a higher high from the first attempt at breaking the 0.794 resistance, but those 4 candle sell downs look scary, maybe it could bring it back down to around the 0.780 support level?
Possible double top on the weekly plus hammer and inverted hammer. In my opinion they don't believe in a Brexit and euro and pound will rise. EG could be down much lower on Friday.
  • #6,000
  • Jun 17, 2016 12:42pm Jun 17, 2016 12:42pm
Quoting Wavves
{quote} So, Japan currently has 227% debt to GDP, with a huge aging working population on their way out to retirement. Albeit their debt is mostly tied domestically, is this why so many investors see the Yen as a safe haven? The only chair partially covered in shit in the game of musical chairs, while all the other chairs are just straight splattered?
Lol.that gets my vote for metaphor of the week.- -Flat in currencies now as precaution against any big gaps coming out of the weekend. Not predicting that but seems like a jumpy market with all that's going on and like it wouldn't take much more than a poll or a tweet.- -Have a good weekend all. Next few trading days should be interesting to say the least.
29 traders viewing now