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- 6EforMe replied Mar 18, 2023
Anything can happen between now and the open, but based on UBS taking over CS this weekend the market is assuming that's good for the Euro and pricing in a 50 to 100 gap up on the open. Market currently spending time in the 1.0700 to 1.0732 range on ...
- 6EforMe replied Dec 8, 2020
Any comments on this would be appreciated. This is the daily from swing trader perspective with 300 pip boxes thrown in, bases on swing highs/lows. We are early in the current box, but it appears so far 1.19 is the low which makes 1.22 the high. If ...
- 6EforMe replied Sep 30, 2020
They need to close it above 1.1696 to avoid a key reversal bar on the monthly chart, correct?
- 6EforMe replied Sep 22, 2020
The weekly pattern continues to copy the previous period I mentioned on the 16th, and is playing out nicely. But we have to actually break the 1.17 support for it to be valid. I see this as an important test and a signal for the next 200 pips, break ...
- 6EforMe replied Sep 19, 2020
Wasn't able to actually break the 1750 support zone, went straight back up without hesitation and never tried to go down again. We just continue our pattern of sideways, we have traded 1.18xx pretty much everyday for awhile now. Not sure what pushes ...
- 6EforMe replied Sep 16, 2020
Uh oh spaghettios, that wasn’t supposed to happen for the bulls. Let’s see a 1750 test please…
- 6EforMe replied Sep 16, 2020
Ok, that’s more in line, stock futures unch, Euro dropped 25. Could this finally be a real selloff in the Euro after 6 months of up? I’m hoping so, gives more opportunities to trade with more volatility I think. But it will all be sound and fury ...
- 6EforMe replied Sep 16, 2020
RIP, it appears our 4 month trendline that has worked so well and been so helpful to me is gone. But we saw how steep it was so it had to go at some point. Now I am watching the striking resemblance of the Euro weekly chart from October 10, 2016 to ...
- 6EforMe replied Sep 16, 2020
One of the things I've learned over 30 years of trading: the market can do whatever it wants, whenever it wants, for whatever reason it wants. Don't use terms like can't, won't, never, impossible, etc. when thinking about a market.
- 6EforMe replied Sep 16, 2020
Failed at relatively obvious resistance at the 50% mark of our range from 1750 to 2010, with no real buying. Bounced at obvious support at 1809 with no real selling. Only thing I see is noise while we all wait to see how the big boys decide to ...
- 6EforMe replied Sep 15, 2020
Whole lot of nothing last two days, can’t seem to challenge 1916 resistance or 1809 support. I assume people are just positioning for the Fed tomorrow. Not really sure what they expect, everyone knows they will come out really, really, really, and ...
- 6EforMe replied Sep 10, 2020
Assuming we are talking about humans making decisions, there is a big difference between risking 500 out of 2500, vs 500 out of 250000. The psychology is completely different. i guess my point is, feeling good about doubling a 5000 account is nice, ...
- 6EforMe replied Sep 10, 2020
Account size is usually considered private, but a general idea is helpful so you know where the person is in their trading journey. Trading with $2500 is easy, doesn't matter if you lose it, so there is no pressure. Trading with $25,000 is more ...
- 6EforMe replied Sep 10, 2020
There is not any real support at 3300 on the S&P 500, better targets are going back up to 3400 or breaking down to 3200. A confirmed break lower of yesterday's 3300 might be needed to get the Euro to actually selloff, it is holding very strong ...
- 6EforMe replied Sep 10, 2020
Seems strange, like Euro doesn't have a mind of its own. It wanted to go up today, but the Pound and the stock market were just too much, they dragged it down kicking and screaming. Not a good looking candle if we close below here.
- 6EforMe replied Sep 10, 2020
Yes, the test of the lows at 1.175 was a big deal as is coincided with the uptrend line since May. The bulls should not allow it below 1.18 again if they want to test the 1.20 resistance.
- 6EforMe replied Sep 10, 2020
To give specifics to my theoretical yacht trade, buy the 6E Nov 1.27 Calls at .0010, they go to .1000 minimum if we trade 1.37. That is 100 times your money in less than two months. Sorry, just messing around, I read and respect your posts ...
- 6EforMe replied Sep 10, 2020
There is essentially a zero probability of 1.37 priced in the next two months. You can literally retire on that one trade using options. Not saying it can or can't happen, but if you really believe it buy some options, then buy a 50 million dollar ...
- 6EforMe replied Sep 10, 2020
Sorry, the pullback was 260, so my 250ish was way off, lol. The trendline since May was tested and held, so the the bulls continue to have nothing to worry about. So we have the Fed intentionally lowering the dollar, and the ECB doesn't care about ...
- 6EforMe replied Sep 9, 2020
So last week the ECB says they are concerned about the rising Euro, and today they effectively say they are not worried about it at all. Will the real ECB please stand up, lol. I guess the only logical thing to do is wait until after the press ...