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The Swamp

  • #9,041
  • Sep 13, 2016 4:46am Sep 13, 2016 4:46am
Quoting gatorinla
{quote} china did better than forecast. i was looking for a catalyst to start a chain reaction. it didn't happen. the fuel is there, a spark is needed..
the follow up news for the pound and the euro was/is pro usd.. despite this, the move on the eu and gu drop is not a strong as such news warrants. no evidence to back this up atm.. eu 1222 and gu 3259 may play a role close wise.
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those who can, do. those who cant, talk about those who can
  • #9,042
  • Sep 13, 2016 5:01am Sep 13, 2016 5:01am
Quoting ZenNy
GA short 1.7659
Close 41 and 46 pips (two accounts)

I should have stayed more but today I was dithering all day long and made very bad mistakes..... so I took what was there to take some home at least... Lesson to be learnt.
trading is simple but is simple is not easy.
  • #9,043
  • Sep 13, 2016 5:03am Sep 13, 2016 5:03am
Quoting gatorinla
{quote} the follow up news for the pound and the euro was/is pro usd.. despite this, the move on the eu and gu drop is not a strong as such news warrants. no evidence to back this up atm.. eu 1222 and gu 3259 may play a role close wise. {image}
the uj st probably should have gone to 102.11. 102.65/103.05 may be a better place. st points above 102.11 to 102.65 r more looks like its trying to develop. its still developing. its not there yet.. later if it does develop, i may take a shot on the long from 101.73 101.41.. not lower, toward 102.65
those who can, do. those who cant, talk about those who can
  • #9,044
  • Sep 13, 2016 5:09am Sep 13, 2016 5:09am
Quoting gatorinla
{quote} the follow up news for the pound and the euro was/is pro usd.. despite this, the move on the eu and gu drop is not a strong as such news warrants. no evidence to back this up atm.. eu 1222 and gu 3259 may play a role close wise. {image}
eu and gu doing its thing at those atm
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those who can, do. those who cant, talk about those who can
  • #9,045
  • Sep 13, 2016 5:22am Sep 13, 2016 5:22am
Quoting gatorinla
{quote} eu and gu doing its thing at those atm {image}
Gu is bouncing her nose against a major UTL, a possible double bottom pull back might be developing....... the last leg push down is strong.....a confirmation might be best....
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trading is simple but is simple is not easy.
  • #9,046
  • Sep 13, 2016 5:32am Sep 13, 2016 5:32am
Quoting gatorinla
{quote} eu and gu doing its thing at those atm {image}
still playing out. it seems to me. all these low rates are hurting banks. especially eu banks unable to make enough money with rates so low. unlike a single country, with just its own needs adjusting rates. the ecb has a harder job across many economies. its harder for eu banks to float at low rates. draghi's speech coming, his words will count. it just seems hard to me, for one to expect less profit in banks. making any easing a layup.
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those who can, do. those who cant, talk about those who can
  • #9,047
  • Sep 13, 2016 5:39am Sep 13, 2016 5:39am
Eu in the middle of the chart, not easy to trade....market movers waiting.....
trading is simple but is simple is not easy.
  • #9,048
  • Sep 13, 2016 5:40am Sep 13, 2016 5:40am
Quoting gatorinla
{quote} the uj st probably should have gone to 102.11. 102.65/103.05 may be a better place. st points above 102.11 to 102.65 r more looks like its trying to develop. its still developing. its not there yet.. later if it does develop, i may take a shot on the long from 101.73 101.41.. not lower, toward 102.65
it played out now.. a possible long 101.41/73 for 102.65.. 102.65/103.02 looks wanted. it may be a better place to short later. 101.41 before 102.65 has merit
those who can, do. those who cant, talk about those who can
  • #9,049
  • Sep 13, 2016 5:45am Sep 13, 2016 5:45am
Quoting ZenNy
Eu in the middle of the chart, not easy to trade....market movers waiting.....
they may be already in, at at those multi decade lows. i doubt they are playing a smaller chart other than bots
those who can, do. those who cant, talk about those who can
  • #9,050
  • Sep 13, 2016 6:29am Sep 13, 2016 6:29am
Bear channel = bull flag
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trading is simple but is simple is not easy.
  • #9,051
  • Sep 13, 2016 7:48am Sep 13, 2016 7:48am
GU tickling brexit low atm
  • #9,052
  • Sep 13, 2016 7:59am Sep 13, 2016 7:59am
gu broke last weeks low. one could chase a short at the current level, to me a supportive area. or wait once again for it to reach 3339/3444 to short it. atm low 3217
those who can, do. those who cant, talk about those who can
  • #9,053
  • Sep 13, 2016 8:12am Sep 13, 2016 8:12am
Quoting gatorinla
{quote} china has some news tonight, a drop in markets could turn into usd bearish movements, if china hits the shitter. we will not know till it happens or not. i dont rule out redemptions in usd cross currencies. bad china news could cause the opposite effect until equalization (meaning demand in crosses, as the host currency is brought home {redeemed}). in theory the usd would get stronger, but the redemptions in the st such as days or weeks could cause usd weakness. although it may be gaining in underlying strength. the near term price could...
Thanks. complicated for sure. I have no doubt you are correct.
Not thinking is easy. trust me.
  • #9,054
  • Sep 13, 2016 8:12am Sep 13, 2016 8:12am
Quoting gatorinla
gu broke last weeks low. one could chase a short at the current level, to me a supportive area. or wait once again for it to reach 3339/3444 to short it. atm low 3217
anytime now some support may come. to return to 3339. the smarter level to wait for may be 3155. 3155 may be key later
those who can, do. those who cant, talk about those who can
  • #9,055
  • Sep 13, 2016 8:18am Sep 13, 2016 8:18am
Closed gu short from 3339 at 3200. Keeping eu shorts from 1313 open for now.
  • #9,056
  • Sep 13, 2016 8:40am Sep 13, 2016 8:40am
Quoting gatorinla
{quote} anytime now some support may come. to return to 3339. the smarter level to wait for may be 3155. 3155 may be key later
3138 is in there too/ even 317. atm below that 3229 is past adr. not much to report on about 39xx atm. fundi wise current uk future inflation numbers seem to be rising fairly quickly from imports. i suspect in future rhetoric of a uk raise may stifle the rhetoric of need to export cut. just another complication to possibly aid 39xx tech norm. with 39xx should come 4023 or 4165 min. this doesn't include the fed putting its own pressure to complicate further. this week i don't trust gu if it can't hold above 3259. eu so far is holding 2222. that's helping the eg long i hold.
those who can, do. those who cant, talk about those who can
  • #9,057
  • Sep 13, 2016 8:41am Sep 13, 2016 8:41am
Quoting gatorinla
{quote} anytime now some support may come. to return to 3339. the smarter level to wait for may be 3155. 3155 may be key later
following with much interest.
if 3155 does not work.... 3129 confluence, 1.5 org + monthly pp. same target
  • #9,058
  • Sep 13, 2016 10:35am Sep 13, 2016 10:35am
Quoting longshot_nl
{quote} following with much interest. if 3155 does not work.... 3129 confluence, 1.5 org + monthly pp. same target
getting close t0 3155, (3155/2865) other than the 39xx attraction atm, its just speculation. if i was looking for a spot to build a base to launch. 3155 or less had to be considered. 3138 was already tagged months ago. st bears may have that 3339 attraction to help.. let's see how it develops. bear pattern is 3339 before 3024.. the large bulls may just want 3155 before easing in.. 3155 is the lower leg.. the longer needed 3173..3173 got
those who can, do. those who cant, talk about those who can
  • #9,059
  • Sep 13, 2016 10:41am Sep 13, 2016 10:41am
Quoting gatorinla
{quote} getting close t0 3155, (3155/2865) other than the 39xx attraction atm, its just speculation. if i was looking for a spot to build a base to launch. 3155 or less had to be considered. 3138 was already tagged months ago. st bears may have that 3339 attraction to help.. let's see how it develops. bear pattern is 3339 before 3024.. the large bulls may just want 3155 before easing in.. 3155 is the lower leg.. the longer needed 3173..3173 got
if this bull develops.. one possibly can get a 3155 long (not this one) in coming days/weeks/months. i am cheating using 39xx. as speculation as an attractant. cheating on the undeveloped 4163 and 40xx.. some support in the 3155 area could help the 3339 bounce..
those who can, do. those who cant, talk about those who can
  • #9,060
  • Sep 13, 2016 11:10am Sep 13, 2016 11:10am
Quoting edyraper
{quote} Grool. _________________________________________ Feels like a choppy Friday. Couldn't find good setups.
looks good
and 2nd account...
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