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The Swamp

  • #8,581
  • Aug 24, 2016 10:09am Aug 24, 2016 10:09am
Short
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A good trader follows his rules, but great trader knows when to break them
  • #8,582
  • Aug 24, 2016 10:32am Aug 24, 2016 10:32am
Anyone have a view on gold at current level???
  • #8,583
  • Aug 24, 2016 10:38am Aug 24, 2016 10:38am
Quoting gatorinla
{quote} eu 1241 r less i look to buy. some possible eu support 1235 area. it's not there yet. 1241 was/is a st target. so i will wait. gu to me is still seeking 39xx. pullbacks look attractive, uj stuck between s/r.. its also in that 100.50 mid range. when/ if eu reaches 1241 one may switch to a smaller tf. from there a scalp may give some decent pips toward 1.17 if held. the support at 1235 ish may limit s/l. pa wise if before going to 1241, if it goes to 1314. it may need a deeper move. to long, i prefer it go straight to 1241 mostly w/o 1314...
6 More pips for eu to reach 1241. Brilliant. Whats next after 1241???
  • #8,584
  • Aug 24, 2016 10:59am Aug 24, 2016 10:59am
LONG
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A good trader follows his rules, but great trader knows when to break them
  • #8,585
  • Aug 24, 2016 12:00pm Aug 24, 2016 12:00pm
Quoting Freelve
{quote} 6 More pips for eu to reach 1241. Brilliant. Whats next after 1241???
sometimes its best not to be greedy. i am looking for a bounce but don't have a target other than 1.247 LT. if it got to 1.17 test. that would be ok. atm its near 1266.. it may have some st R 1284 area +- 20/30.. it hasn't reached st 1241 yet and i am not watching. i have a pending slightly above. it may find support above 1235 st. but my stops r below 1235. i am treating 1235 as a supportive area. 1241/35 is kind of a pinpoint place to look for a bounce. its been to 1244 so i may be wrong.
those who can, do. those who cant, talk about those who can
  • #8,586
  • Aug 24, 2016 12:43pm Aug 24, 2016 12:43pm
Quoting Connors
{quote} Took a short just here @132.87 Stop 35pips. You still holding your short mate? EDIT: Stopped out
nah i use small stops. got stopped out too
  • #8,587
  • Aug 24, 2016 12:44pm Aug 24, 2016 12:44pm
Quoting longshot_nl
{quote} got stopped out. these are the next levels i look out for to buy towards 8779 or 8935 {image}
just came home from beach.
nice surprise. stop to be and let it rip.

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  • #8,588
  • Aug 24, 2016 1:23pm Aug 24, 2016 1:23pm
Quoting gatorinla
{quote} sometimes its best not to be greedy. i am looking for a bounce but don't have a target other than 1.247 LT. if it got to 1.17 test. that would be ok. atm its near 1266.. it may have some st R 1284 area +- 20/30.. it hasn't reached st 1241 yet and i am not watching. i have a pending slightly above. it may find support above 1235 st. but my stops r below 1235. i am treating 1235 as a supportive area. 1241/35 is kind of a pinpoint place to look for a bounce. its been to 1244 so i may be wrong.
 
You are right. Being greedy can hurt me. Closing position. I have to thank yoi though for 2 days of winning using your charts and no loss
 
  • #8,589
  • Aug 24, 2016 3:41pm Aug 24, 2016 3:41pm
Quoting Connors
{quote} Took a short just here @132.87 Stop 35pips. You still holding your short mate? EDIT: Stopped out
the next level i have is 134.47/52
its a target and a 38.2 fib level and also a congestion area.
always small stop, my target is 131.13
  • #8,590
  • Aug 24, 2016 4:08pm Aug 24, 2016 4:08pm
its kinda shitty that gator is far more bullish on eu then me atm.
closed half my shorts because of rejection like pa and a bird in the hand.
if 1230/22 gets met or 1318 is met in about 18 hours from now i may get some shorts @ 1318 anyways.
  • #8,591
  • Aug 24, 2016 4:59pm Aug 24, 2016 4:59pm
Quoting longshot_nl
its kinda shitty that gator is far more bullish on eu then me atm. closed half my shorts because of rejection like pa and a bird in the hand. if 1230/22 gets met or 1318 is met in about 18 hours from now i may get some shorts @ 1318 anyways.
i have a sell limit @ .1326 ...price will make a re-trace to around that level before any possible shorts most probably.
Nothing stands in the way of a person's will -THE MYSTICS
  • #8,592
  • Aug 24, 2016 5:29pm Aug 24, 2016 5:29pm
Quoting Freelve
{quote} You are right. Being greedy can hurt me. Closing position. I have to thank yoi though for 2 days of winning using your charts and no loss
u owe me your first born. if gu manages to make 3332, it may get some type of slapdown. kiwi 7454 area .. uj 103.5.. later 1.39 on gu seems normal b4 drop. '' eg supportive .8509 ish area. a bounce to 8774 still likely when bear tires atm level 8511
those who can, do. those who cant, talk about those who can
  • #8,593
  • Aug 25, 2016 3:39am Aug 25, 2016 3:39am
EU - looking at the 1.1300/11 zone (R1/Daily high) to short. targeting S1 1.1235 & S2 1.1207 if Daily Pivot can be breached
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  • #8,594
  • Aug 25, 2016 4:43am Aug 25, 2016 4:43am
Quoting gatorinla
{quote} u owe me your first born. if gu manages to make 3332, it may get some type of slapdown. kiwi 7454 area .. uj 103.5.. later 1.39 on gu seems normal b4 drop. '' eg supportive .8509 ish area. a bounce to 8774 still likely when bear tires atm level 8511
Hahahaha. Well if you keep posting charts that make us good profits i'll give you my first born.
  • #8,595
  • Aug 25, 2016 4:45am Aug 25, 2016 4:45am
Quoting MaxDoom
EU - looking at the 1.1300/11 zone (R1/Daily high) to short. targeting S1 1.1235 & S2 1.1207 if Daily Pivot can be breached {image}
Will be watching those levels
  • #8,596
  • Aug 25, 2016 5:02am Aug 25, 2016 5:02am
Quoting Freelve
{quote} Will be watching those levels
well I see the stakes have increased around here lately, so if they pan out you will have to give me your second born I guess.....
is the money really worth it?
  • #8,597
  • Aug 25, 2016 5:06am Aug 25, 2016 5:06am
Quoting MaxDoom
EU - looking at the 1.1300/11 zone (R1/Daily high) to short. targeting S1 1.1235 & S2 1.1207 if Daily Pivot can be breached {image}

Hey man! Great to see your post again
I just took a short @1.1294, my fingers were itching. I have almost the same tp but since Gator has been caling 1.1241 for some time I will pay more attention closer we get there.
What is your general view Max, I know you have been shorting for a very long time this lousy crap and making a fortune but has your general view been changed? Gator and some other seniors predicting 1.17 and maybe above. You have any such levels on your chart even if you do will you use those levels just to short better?
I would love to hear your view for the medium term mate.

Have a fabulous trading day!
  • #8,598
  • Aug 25, 2016 5:09am Aug 25, 2016 5:09am
Quoting MaxDoom
{quote} well I see the stakes have increased around here lately, so if they pan out you will have to give me your second born I guess..... is the money really worth it?

According to the latest studies I read, raising a kid in UK, it costs you app. 847.000 GBP including everything up until he gets a BA degree.

So is the money really worth it, the charts need to be pretty good I guess
  • #8,599
  • Aug 25, 2016 5:20am Aug 25, 2016 5:20am
Quoting MaxDoom
{quote} well I see the stakes have increased around here lately, so if they pan out you will have to give me your second born I guess..... is the money really worth it?
Well if i had enough money to pay my wife off, then i could get away. On a serious note, there is nothing in this world that i would trade my family for, Except Bacon. LOL
  • #8,600
  • Aug 25, 2016 6:10am Aug 25, 2016 6:10am
Quoting Connors
{quote} Hey man! Great to see your post again I just took a short @1.1294, my fingers were itching. I have almost the same tp but since Gator has been caling 1.1241 for some time I will pay more attention closer we get there. What is your general view Max, I know you have been shorting for a very long time this lousy crap and making a fortune but has your general view been changed? Gator and some other seniors predicting 1.17 and maybe above. You have any such levels on your chart even if you do will you use those levels just to short better?...
greetings

There is a reason I have not been trading EU much of late, the medium/long term outlook is currently difficult to call.... the EU rate is at levels not seen since early 2000s leaving us with a bit of a blank canvas and the world economies are all fighting battles trying to balance employment, growth, rates etc. etc. so the differentiation between them is narrowed. and remember trading always comes down to direction and direction is easier to anticipate when the differentiation is greater than normal.

that said here is a monthly chart and clearly the price is consolidating below 1.15 at present, with a greater differentiation it would be normal to say it's going to retrace and head up or it's going to make another attempt at the low - but we don't have that. so for me I see the marked zone between 1.15/1.21 as a vaccum so if the price gets in there it is easy to see that there is room up to 1.21
to the downside the path is well trodden now and nothing to inspire new territory so I would expect continuation of the consolidation going forward rather than hard attempts at the lows.

so it really is hard to call it so I tend to find better opportunities elsewhere atm
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