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The Swamp

  • #10,201
  • Nov 25, 2016 5:26am Nov 25, 2016 5:26am
Quoting Mr Hatch
{quote} Zoom out considerably, get the bigger picture and put the chart you posted into perspective first. *cracking knuckles*
Glad to see all is well and your taking care of Greta for me.
those who can, do. those who cant, talk about those who can
  • #10,202
  • Nov 25, 2016 5:41am Nov 25, 2016 5:41am
Quoting ballr
Not Bad to hold over thanksgiving? huh? {image}
It may be tough getting above 113.92. 112.32 may be all it needed to drop deeper toward 68.xx. Uj. I fu in earlier post using 113, 113.92 is better. I should have posted below 114
those who can, do. those who cant, talk about those who can
  • #10,203
  • Nov 25, 2016 7:18am Nov 25, 2016 7:18am
Quoting gatorinla
{quote} Did my bulk of trading early last year on bounce to 1015 EU and uj drop. Just running a smaller account very agressifly since. I did start a fresh EU long on larger account 0530 against 0510. Thinking ej still needs 129.5 norm. But uj above 112 is toppy. If so EU still could reach 1.2470. Meanwhile a stop at 0515+ has 1.1 in mind. R/r wasnt so bad.
Today's close is quite important I guess Gator, if it makes the close closer to your 1.0515, it wont look very nice on the weekly chart. Watching how it will work out. What a bear run has this been?
  • #10,204
  • Nov 25, 2016 9:47am Nov 25, 2016 9:47am
Sweet spot in crude if you're a bear
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  • #10,205
  • Nov 25, 2016 11:18am Nov 25, 2016 11:18am
Quoting gatorinla
{quote} Did my bulk of trading early last year on bounce to 1015 EU and uj drop. Just running a smaller account very agressifly since. I did start a fresh EU long on larger account 0530 against 0510. Thinking ej still needs 129.5 norm. But uj above 112 is toppy. If so EU still could reach 1.2470. Meanwhile a stop at 0515+ has 1.1 in mind. R/r wasnt so bad.
I got a feeling that long term the YEN would head back to 120-125 as the stronger dollar for 2017 bull run keeps in tact.
  • #10,206
  • Edited 8:18am Nov 27, 2016 7:53am | Edited 8:18am
Here's an absurdly large tf chart I've been messing with. No news for most here I'm sure. Initial run up in eu from '71-'80 took first target in '95 then to norm around 2000. Before that was met, I see that the two times price consolidated for more than a few months in the area we have been ranging now since 2015, both times price visited 2400 area before turning south for levels sub-parity. These moves obviously take months if not years to play out so not sure if a chart like that fits on anyone's desk, for trading I mean. Also not suggesting that historical patterns should be taken so seriously, just think it's at least interesting as eu sits at pretty crucial levels currently from both TA and FA viewpoints.
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  • #10,207
  • Nov 27, 2016 8:48am Nov 27, 2016 8:48am
Quoting goosebone
Here's an absurdly large tf chart I've been messing with. No news for most here I'm sure. Initial run up in eu from '71-'80 took first target in '95 then to norm around 2000. Before that was met, I see that the two times price consolidated for more than a few months in the area we have been ranging now since 2015, both times price visited 2400 area before turning south for levels sub-parity. These moves obviously take months if not years to play out so not sure if a chart like that fits on anyone's desk, for trading I mean. Also not suggesting that...
perhaps if you ask, rockerzues has a theory on that leg as well

I suspect monetary easing has likely distorted it
  • #10,208
  • Nov 27, 2016 9:04am Nov 27, 2016 9:04am
Quoting Pharm0r
{quote} perhaps if you ask, rockerzues has a theory on that leg as well I suspect monetary easing has likely distorted it
Rock? Gator? MissPips? Anyone? Do you use this charted path or something like it? I mean the target up around 1.75 makes some big assumptions about the future of the Euro of course, but would you think eu follows that road til perhaps there is no road to follow?
  • #10,209
  • Nov 27, 2016 1:20pm Nov 27, 2016 1:20pm
Quoting gatorinla
{quote} Glad to see all is well and your taking care of Greta for me.


Not yet - too much stuff going on at the moment, but at least I have one eye back on trading-related matters.
  • #10,210
  • Nov 27, 2016 4:29pm Nov 27, 2016 4:29pm
Quoting Mr Hatch
{quote} Not yet - too much stuff going on at the moment, but at least I have one eye back on trading-related matters.
I had told everyone that you'd died and to forget about you

That you and Chicky were in trader-heaven enjoying his 5 wives
  • #10,211
  • Nov 27, 2016 4:33pm Nov 27, 2016 4:33pm
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Pullback makes sense, but yewrow looks ugly..

I'm short dollar
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  • #10,212
  • Nov 27, 2016 4:46pm Nov 27, 2016 4:46pm
Pending SHORT
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A good trader follows his rules, but great trader knows when to break them
  • #10,213
  • Nov 27, 2016 6:44pm Nov 27, 2016 6:44pm
Short eu 1.0674 risk 31
  • #10,214
  • Nov 27, 2016 11:35pm Nov 27, 2016 11:35pm
Quoting goosebone
Here's an absurdly large tf chart I've been messing with. No news for most here I'm sure. Initial run up in eu from '71-'80 took first target in '95 then to norm around 2000. Before that was met, I see that the two times price consolidated for more than a few months in the area we have been ranging now since 2015, both times price visited 2400 area before turning south for levels sub-parity. These moves obviously take months if not years to play out so not sure if a chart like that fits on anyone's desk, for trading I mean. Also not suggesting that...
Nice chart. How did you get data going back that far into MT?
  • #10,215
  • Nov 27, 2016 11:38pm Nov 27, 2016 11:38pm
Quoting goosebone
{quote} Rock? Gator? MissPips? Anyone? Do you use this charted path or something like it? I mean the target up around 1.75 makes some big assumptions about the future of the Euro of course, but would you think eu follows that road til perhaps there is no road to follow?
My personal opinion (suspicion) is that there is a tacit agreement between the ECB and the Fed to keep the EuroUsd in the range we have been in since 2015 until the economies of both of them improve measurably.
  • #10,216
  • Nov 28, 2016 2:20am Nov 28, 2016 2:20am
Quoting MissPips
{quote} Nice chart. How did you get data going back that far into MT?
Oanda let me download it. Available files for most all tf's even the 1Minute (large file I imagine) going back this far.
  • #10,217
  • Edited 5:34am Nov 28, 2016 2:28am | Edited 5:34am
Quoting MissPips
{quote} My personal opinion (suspicion) is that there is a tacit agreement between the ECB and the Fed to keep the EuroUsd in the range we have been in since 2015 until the economies of both of them improve measurably.
Interesting. I suppose we should get a bounce back up from here or a bit lower in that case. ECB and Fed will have a say soon.
  • #10,218
  • Nov 28, 2016 3:28am Nov 28, 2016 3:28am
Quoting goosebone
Short eu 1.0674 risk 31
Took 30% off at 0612 to pay for stops.
  • #10,219
  • Nov 28, 2016 3:46am Nov 28, 2016 3:46am
Quoting MissPips
{quote} Nice chart. How did you get data going back that far into MT?
Hi MissPips
You should have this chart already. I sent it through twitter DM while ago. You , Pharm0r and Gator.
  • #10,220
  • Nov 28, 2016 3:48am Nov 28, 2016 3:48am
Quoting goosebone
{quote} Rock? Gator? MissPips? Anyone? Do you use this charted path or something like it? I mean the target up around 1.75 makes some big assumptions about the future of the Euro of course, but would you think eu follows that road til perhaps there is no road to follow?
I have it for a while and watching it for 0.993x - 0.957x. I will try long there for sure.
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