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The Swamp

  • #8,281
  • Aug 5, 2016 9:47am Aug 5, 2016 9:47am
Quoting aweer
{quote} My bias: if 1.0960 broken eu will test 1.082x
0963 always a fork in the road. If we get there I will also be watching closely for which side to pick. (Close shorts or hold in my case). Another fork in the road we may see first is the area between 1090 and 1104 with 1115/8 as an extreme. That's my take.
  • #8,282
  • Aug 5, 2016 11:17am Aug 5, 2016 11:17am
OK closing shop for the week. Red day but it is ok. Was waiting for 1.1059 yesterday for entry, didnt happen. Anyway, thanks everyone. Especially Gator, your views are priceless.

Good weekend everyone!
  • #8,283
  • Aug 5, 2016 12:22pm Aug 5, 2016 12:22pm
Topping up eu short a litte here at 1102. Stops at 1210 now for a risk of -11. Good weekend all.
  • #8,284
  • Aug 5, 2016 2:54pm Aug 5, 2016 2:54pm
Looking at the daily charts and up, it looks like a serious NZD selloff is gonna happen next week imho. If you look at AN on the weekly, engulfing candle, on the monthly the previous month a hammer.

NU on the weekly down, even GN on the weekly a hammer, looks ready for a lot of pips in my opinion. Will be looking to sell NU around 0,717x, maybe even try a buy of GN but I am not sure of the strength of the pound, so maybe NU would be the better choice.
  • #8,285
  • Edited 3:02am Aug 6, 2016 2:49am | Edited 3:02am
Quoting longshot_nl
{quote} haha, if my broker had an option for me to trade slaves i would probably do it. {quote} level still holds so i guess i keep my position. if a stop hunt i am out. but it seems there are still enough sellers. {image}
nfp dragged ej with it. ended up bouncing of s1 which i probably could not have known.
lost 6 pips but if my sl was 14 pips i would have lost 14 so its ok.
at one time +75 pips but was sleeping.
hope i get another shot at it but now its protected by a pa level.

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  • #8,286
  • Edited 10:59am Aug 6, 2016 10:38am | Edited 10:59am
I have a question i hope to get an answer on. I would really appreciate it. I also can't post anything better then i know.

Here is my view on usdchf daily chart.
Its fighting to become a bat or a butterfly.
imho its on the bat side although symmetry is mostly lost..

Attached Image (click to enlarge)
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on the 4h chart i want to enter short inside the congestion area and want an accurate entry so i can use a small stop loss.
My question is: after a target has been met will the mid still have any effect or is it done? What is the criteria for a fib to be 'done'?

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  • #8,287
  • Aug 6, 2016 12:03pm Aug 6, 2016 12:03pm
Hello Friends,
I am on holidays for the next 5 weeks, so i will not post my SR levels as usual, but i will try to post them on important days.

You all have a good month

Regards
Avir
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #8,288
  • Aug 7, 2016 8:48pm Aug 7, 2016 8:48pm
all quiet on the western front..

lets get this party started for the week..
  • #8,289
  • Aug 7, 2016 8:50pm Aug 7, 2016 8:50pm
fridays number was a very good one.. usd gained a lifeline. i was expecting some bounce if the number was good. the number was more than good. even so that gdp # was bad. plus with oil slipping, i wouldn't bet the farm on much usd legs just yet. bad gdp, and dropping oil. will not make raising easier for fed, is my thoughts.. time will make right or wrong. .. uj did reach 101.74 norm but not 102.46 target .. some R 102.51.8 ish
those who can, do. those who cant, talk about those who can
  • #8,290
  • Aug 7, 2016 8:52pm Aug 7, 2016 8:52pm
Quoting gatorinla
fridays number was a very good one.. usd gained a lifeline. i was expecting some bounce if the number was good. the number was more than good. even so that gdp # was bad. plus with oil slipping, i wouldn't bet the farm on much usd legs just yet. bad gdp, and dropping oil. will not make raising easier for fed, is my thoughts.. time will make right or wrong. gu never reached 3096 atm.. uj did reach 101.74 norm but not 102.46 target .. some R 102.51.8 ish
Nice analysis, USD weekend holds payed off well for me too. Long UJ quite strongly & short NZDUSD. Feel however that the real resistance for UJ is 103 area, this is where the true test of strength will be seen.

Good luck This week
Success is going from failure to failure without loss of enthusiasm.
  • #8,291
  • Aug 7, 2016 9:03pm Aug 7, 2016 9:03pm
gu eu closed a 4h above those dotted lines, s/r on chart
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those who can, do. those who cant, talk about those who can
  • #8,292
  • Edited 4:10am Aug 8, 2016 3:55am | Edited 4:10am
Quoting edyraper
I've cancelled my UJ short 102.0x/3x pendings. Will watch 102.72/103.28 to short some.
Early bears might get in after 103.28, some pending there. 104.08 is what bears want. 103.24 S/R close wise. (usdjpy)
Attached Image
  • #8,293
  • Edited 5:46am Aug 8, 2016 5:27am | Edited 5:46am
Quoting longshot_nl
{quote} nfp dragged ej with it. ended up bouncing of s1 which i probably could not have known. lost 6 pips but if my sl was 14 pips i would have lost 14 so its ok. at one time +75 pips but was sleeping. hope i get another shot at it but now its protected by a pa level. {image}
disregard. no longer interested in buying this setup.
  • #8,294
  • Aug 8, 2016 5:39am Aug 8, 2016 5:39am
Quoting gatorinla
gu eu closed a 4h above those dotted lines, s/r on chart {image}
new dotted line for today.
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those who can, do. those who cant, talk about those who can
  • #8,295
  • Aug 8, 2016 5:44am Aug 8, 2016 5:44am
Quoting gatorinla
nibbling on eu L 1072 till 0963 ish.. got a small long on gu 3025.. giving 20... uj near 101.74 selling it till 102.60 ish was thinking 102.46.. {image}
missed the first reach at 102.46.. atm high 102.45
those who can, do. those who cant, talk about those who can
  • #8,296
  • Aug 8, 2016 5:47am Aug 8, 2016 5:47am
Quoting gatorinla
{quote} new dotted line for today. {image}
this is close wise. atm closes r below.. if they change above those dotted lines today. st bias changes to bull.. those above are s/r.. the same with below closes.
those who can, do. those who cant, talk about those who can
  • #8,297
  • Aug 8, 2016 6:06am Aug 8, 2016 6:06am
Quoting gatorinla
{quote} this is close wise. atm closes r below.. if they change above those dotted lines today. st bias changes to bull.. those above are s/r.. the same with below closes.
eu has closed below. after 1074 drop. see if it closes above that dotted 1102.. for things to st change.. closes r on bear side atm. that little pa described is what i look 4 if bear is giving up st
those who can, do. those who cant, talk about those who can
  • #8,298
  • Aug 8, 2016 6:19am Aug 8, 2016 6:19am
Quoting gatorinla
{quote} missed the first reach at 102.46.. atm high 102.45
Are you shorting this
  • #8,299
  • Aug 8, 2016 6:24am Aug 8, 2016 6:24am
Quoting pips-scout
{quote} Are you shorting this
not atm, that don't make me right. i had longs for nfp. the number was well above what i expected. i was s/o.. i bought and still hold the ones i took and posted friday.
those who can, do. those who cant, talk about those who can
  • #8,300
  • Aug 8, 2016 8:08am Aug 8, 2016 8:08am
Quoting gatorinla
{quote} eu has closed below. after 1074 drop. see if it closes above that dotted 1102.. for things to st change.. closes r on bear side atm. that little pa described is what i look 4 if bear is giving up st
expecting a close near 1.107x on the down side and 1.110x on the upside for today only ... no excitement for today ... dull day

nothing new same levels, same trades...

PJ
Re-Incarnated
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