I don't understand option expiries enough, but it seems price should move back up to the 1290-1300 area over the next 2 hours and then will be free to do what it wants.

The Swamp

Thank you. Your posts are extremely helpful.

The Swamp

Boulder, do you foresee price chopping between 1300 and 1290 due to option expiries this morning?

The Swamp

Just as Boulder said, once the option expiration time passed (10 AM EST), the market moved again.

The Swamp

Boulder, where did you find out about the SOMA data?

The Swamp

Where do you guys find the SOMA information?

The Swamp

Yea, you pointed out this area for a fight yesterday. Man, you were not kidding.

The Swamp

Why is the EU not moving today? Is there some big event that is keeping everyone in suspense?

The Swamp

Wow, there comes Boulder's bears in very heavy on EU.

The Swamp

Yes, I got it.

The Swamp

Awesome. Outside of trading, where I am not making any money, I work about 70 hours a week and I can barely keep my head above water financially. Great work and also to let you know how the other half life

The Swamp

Did you touch trade the demand zone?

The Swamp

Pretty big Demand zone right here at 1.1270 and bulls are going no where so far. Really is telling of how strong the bears are today.

The Swamp

Boulder and gatorinla, thank you so much for this thread and the wisdom you share here. I finally feel like I am getting to peak over the shoulder of a full time trader and see how they operate/think.

The Swamp

I have it stuck between a daily flip zone (gray box, but not one to touch trade) and this previous flip zone that was ignored on the strong move down (not one to touch trade. My next touch trade zone is higher up at the 1360 area.

The Swamp

I have a 4H rally base drop supply zone right at 1360. That should cause a decent reaction and add to it if we end up false breaking above last week's high.

The Swamp

Thanks man. I passed on it due to taking the first trade and losing and then being too scared to take the 2nd trade.

The Swamp

Well, this sucks. I take the first trade, nice pin bar and FB of the previous high at 108.70 with divergence and get stopped out. I pass on the same setup the 2nd time, nice compression below BTW, and it gives room to work with. Ugh.

The Swamp

Best of luck my man!

The Swamp

I see you post "AJ" and I didn't want to be a pest, but I wanted to ask what is "AJ"? I suppose it is not the AUDJPY.

The Swamp