looking to reload some eu shorts around 1.0998 adding some here 0993

The Swamp

Those people following the eu COT report should be quite happy right now. 4h stop has broken. Confirmation in 1h20mins. If you're not sure of direction, you should be shorting eu rallies.

The Swamp

wow that cot report. guess next week it's still short eu then.

The Swamp

Fed going to continue with repos "Starting next week, NY Fed will do an overnight $75BN repo every day and 3 $30BN Term repos as it expects continued overallotment" This should be bad for dollar. In effect they are doing something similar to qe. ...

The Swamp

ok guy I'm cashing out here. Going to call it a week. See you all next week

The Swamp

Cheering for you. And me.

The Swamp

Or things could also reverse drastically lol. Anything can happen.

The Swamp

Anyone think eu has energy to go for 0995? Daily atr almost reaching. But this momentum is just so strong...

The Swamp

I don't know about eu moving to 1.098. It failed to clear 1h stop. Failed a higher high. Right now risk reward says a short is better than a long. So I'm just going with that. But I'm cautious. Hence my tight stop. Repo is still trying to pull ...

The Swamp

looks like sellers are defending 1055 ish going to take a short here. tight stops.

The Swamp

looks like the repo pull is stronger than expected. If it gets too close to 1100 then options pull will start to be a factor as well for today. 1074 is the 1h stop.

The Swamp

going to close this one 1054. wait for london

The Swamp

I'm going to trade repo pull today. Long 1045. TP 1064ish Sl 1038. Valid till ny 8:15am

The Swamp

We are likely to get another repo operation tmr. 83bil asked, only 75bil granted.

The Swamp

repo rates have stabalized. Now we just have to see options pull. Probably the 1060 strike will win. And then after that I'm expecting dollar to be bought up again.

The Swamp

that repo pull... This eu upmove is not going to let up until 8:15.

The Swamp

there's this thing called the fed watch tool ya know? 55% saying a cut. 45% saying no cut. anyway, I've squared all positions. I'm going to chill out until after fed.

The Swamp

he works for nomura. He can see where the orders are coz they hold the books.

EURUSD only

I'd say it's more like 55%.

The Swamp

Yea. Movements have been very crazy since ecb annoucement. Really not the easiest month to trade

The Swamp