jeez. Asia needs to calm down.

The Swamp

It matters. Buying at support and selling at resistance always matters. The question is what direction are you trading. The direction you choose to trade is an entirely different thing If you're trying to sell in an uptrend, you better have a lot of ...

The Swamp

This is only true for maybe UK and a handful of other countries like sweden. The rest of europe is still in partial lockdown. But they are slowly opening up carefully. Don't kid yourself. The virus is the main reason we're in this mess. And it is ...

The Swamp

I'm not political. I'm not even from US. I don't care about trump. But if I manage 100 bil worth of funds, I'm not putting my money in US when they can't even get their act together. Asia is already starting to recover economically. And europe is ...

The Swamp

Tbh where it will stop is a bit hard to pin point. But if nothing changes, dollar will keep getting weaker. The fundamentals demands it. Just keep selling the dollar rallies.

The Swamp

I'm thinking the fundamentals are finally catching up. US is weaker than EU and Asia. And this will persist until they get the corona virus under control - which they can't because 1)Vaccine is not ready 2)Trump. So unless we get a vaccine or a ...

The Swamp

wow even asia is trying to catch the train. This looks like a super bull once in a year type of trade. I won't be surprised if we go up another 1000 pips.

The Swamp

I have stops above 1641. It's not going to kill me if eu goes higher. But on the other hand, 1638 is the weekly range high. And that's a solid spot for a reversal usually. And added with the fact that today is Friday, I'd say that's kinda a good ...

The Swamp

Not sure what you mean by stopped your entry. But spread seems like it widened a bit at the end. And it just missed me by a few .pips

The Swamp

ahh shit mised my 1638 entry. fucking spread

The Swamp

Not trying to rain on your parade. Good for you that you're making money. But you're posting nothing but your emotions. It doesn't help us make better trades. Time target, level targets, fundamental or technical. Even posting where you enter or exit ...

The Swamp

I find it quite the contrary though. This morning when china did the expected retaliation thing, risk currencies like aud,nzd dropped. Funding currency like jpy rise. So at least in asia, the risk on risk off thing is still valid. Equities futures ...

The Swamp

Definitely a risk off move because of china us embassy thing. The question is will this be enough to send the market into a correction. When US did it to china, market largely ignored the issue. Closing below 1590 means that we may see more ...

The Swamp

Nothing we can do. The trend was supportive of a bull move to begin with. The question is where can we move in to trade again... At this point either short at 1600 or wait for a breakout and buy dips.

The Swamp

Bulls may still come back. But if they can't claim 1570 then we're going lower for sure.

The Swamp

If bulls want to retake this 1545-1560 is probably where they will make a move. If they don't defend this level then we will see more down move probably. But 1545-1560 is a danger zone.

The Swamp

Close my trade here 1562.

The Swamp

Because currently fundamentals are supportive of a risk on environment. Meaning that I expect EU to go higher than 1600 eventually. The only certainty that I know is to buy at support and sell at resistance. For now the most accessible resistance is ...

The Swamp

filled.

The Swamp

For the first time, bears seem to be holding their position well. We might really have a reversal this time. Bulls need to keep above 1594. But considering 1600 is a ceiling, it's likely that short is better riskreward. Short 1590 with target 1560 ...

The Swamp