price this whole week has been a mess. choppy as hell

The Swamp

coz during asia session, the trustworthy, most liquid, most stable currency is the yen. If you wanted to move large amounts of money, you would do it through the yen. You won't be moving eurusd during asia session for example. So you would trade ...

The Swamp

can't be trying to pick tops either... especially when fed is buying faamg bonds. of all the 3 indexes, nasdaq is the least likely to drop. unless some global risk event happens, it is unlikely equities will tank hard. edit: well china just raised ...

The Swamp

equities is a liquidity market. right now we have too much liquidity. buy every dip you get. also, fed is buying corp bonds, tech companies are getting a chunk of it. the faamg counters.

The Swamp

really good retail sales. risk totally on right now

The Swamp

therefore the news is released periodically reminding people not to be short risk. central bank printers go brrrrr. don't fight it.

The Swamp

Lol i've seen a few of these guys over the years... I remember back in 2008 there the news picked up a few cool kids and reported on them. One of the cool kid turned his grandpa's 100k inheritance into 1mil over the course of a year. He was bragging ...

The Swamp

Lemme guess. Wrote options naked. Got assigned. Now he has to buy up the stock to pay back.

The Swamp

I really don't like how the price is moving right now. Going to call it a week.

The Swamp

stuck in no man's land. Looks like we'll have to wait for the us to come in.

The Swamp

equities need to follow. I don't know if fx is pulling harder or equities. But if equities doesn't follow we'll have divergence again. Someone is lying.

The Swamp

Sorry but i only know what works for me. Different strokes for different folks. But I wish you good luck in your findings.

The Swamp

nothing really. It was a non event. Most people were long risk to begin with. That news just helped them. They know that the numbers are useless. But it didn't matter. I should clarify that at our level, we don't get special inside information. What ...

The Swamp

I do agree with you. It's just that the guys holding all the big money thinks they can outsmart the market. Or at least get out before the gravy train stops. Well for someone like me, I'll just try to be as nimble as possible and not hold any views. ...

The Swamp

Anyway, I'm bearish myself. As I trust my own technicals. I have shorts lined up from 1300-1320. If price doesn't go there I'll start chasing shorts.

The Swamp

You have no idea how deep the pockets of these fundamental guys are lol. The fund im in is about 4yards. The 2 chief traders are fundamental guys. For them money flow seem to take on a higher priority. And at this point they don't believe that the ...

The Swamp

So turn out equities is pulling the fx market. And we're now back in sync. Some of the fundamental guys in my office still think that the high is yet to come quoting snp is right at the 200sma right now. If you think that you want to be long risk, ...

The Swamp

actually something may be happening already. there's divergence between snp futures vs fx. Snp might limit down? Something's going on right now. One of them is lying

The Swamp

close some here 1386. avg price 1335 final target ~1500 i'm keeping a bullish bias until something happens.

The Swamp

I've got a grid of buy orders from 1300-1325. If price doesn't drop to that range I'll start chasing longs.

The Swamp