Markets alternate between trending and ranging. Now it is trending. Last few weeks were ranging. Those weeks were hell for me because I'm a trend trader. Now I'm making money. Ram a square peg into a round hole and eventually it will fit at some ...

The Swamp

only problem is, price action doesn't seem to agree. in fact it seems to want to go higher.

The Swamp

*CHINA TO CLOSE HOUSTON CONSULATE AFTER U.S. DEMANDED THEY LEAVE might trigger a risk off. Srsly fak trump. Can't have a moment of peaceful trading with that lunatic in the WH.

The Swamp

Then we're on the same page. The direction is not exactly clear right now. And that's why I'm saying the market can't make up its mind. It may be making up its mind. But that is not clear at the moment. It's hard to trade. You can trade at the edges ...

The Swamp

The range is clear but the direction is not. Good for you if you can make a profit out of this.

The Swamp

judging from the price action... it's gonna be a long long day of uncertainty. honest to god I'm sick and tired of this price action. Market cna't make up its mind.

The Swamp

price needs to stay below 1438 for downtrend to gain momentum. Bigger support around 1413.

The Swamp

taking a small short here. 1453. sl 1463 I'm more inclined to short now considering 1500 is just around the corner. I would probably go long again around 1410ish. If it manages to get there.

The Swamp

Now all bets are off. It could go higher or lower from now on. Seems like some poeple are selling the fact. Not sure if this will continue.

The Swamp

price has to close below 1438 before considering a sell if swinging.

The Swamp

lol what time frame are they talking about? 3 months trade?

The Swamp

The issue I'm seeing among my circle is this: On one hand, the eu coming to an agreement is positive for euro no doubt. The question is how much has the market priced in. Right now it seems market is positioning for an agreement. So the question is ...

The Swamp

EU fund deal news starting to pick up steam again. Might be what's causing this whipsaw with eu. Right now eu seems directionless.

The Swamp

I still think bulls got it. Despite all the whipsaws, we still making higher lows. Not convinced about a drop unless price can stay below 1370.

The Swamp

I'll take a chance with you. Was just about to post.

The Swamp

Not sure about fx. But if index goes higher, eu is likely to follow higher. And right now, it seems like equities is risk on. So fundamental bias is to the upside. Technical wise, 50/50. Edit: Having just said that, for whatever reason, equities is ...

The Swamp

Market makers killing people left and right. Collecting long and short stops. Gotta look at index for clues for true direction. At least nowadays index is where the money is at. FX is just following.

The Swamp

If you wanna short, best do it now at 1443ish. Stop at 1448. If you wanna go long, put a buy stop at 1448. If we push above 1448, there should be nothing until 147x-ish

The Swamp

The risk on sentiment is quite high right now. I don't want to be short unless price closes below 1383.

The Swamp

gotta wonder about the timing sometimes. Everyone probably knows that the earnings season is going to be shit. So fed chooses to intervene during earnings season.

The Swamp