starting GBP long

The Swamp

mid 0950s i may buy next few hours

The Swamp

actually not much get much today because of bank holidays but still in volatile market conditions (relatively)

The Swamp

1021/1033 is easy pullback though should be a big move either way

The Swamp

1.0911 possible if we break these lows again... sometimes we open the month with a push immediately with the trend but its a false break then it retests higher. typically when new month begins i am very cautious and need a correction first 1.0861

The Swamp

Maybe 0.1-0.2 pips, up to 1 pip the book is at least 2000 lots thick (EURUSD).

Does 100 lots move the market?

Vegas is a long time trader since the 80s, I still use some of his stuff. Good guy, actually the first person I met in FX trading

LazyTMA trading

Not sure what the deal is with being afraid to go abroad. This idea that the US is the only place where your money is safe is a little bit absurd. Can't really recall the last time I heard a foreign FX broker running away with funds For Forex inter ...

The Swamp

Move abroad. I pay the most insanely low fees you could imagine. My spread on gold is about 10-12 cents and fee is 3 cents. I couldn't trade my strategy as well if I had to type in each take profit, or drag it. Easier to just hedge and then pull off ...

The Swamp

Thank you for this data. COT only represents futures contracts though, OTC is so much larger. but I guess its a decent measure Its much more reliable for treasuries and stock indexes though As you can see theres ~250 billion in open interest just on ...

The Swamp

gold and spx, caught everything... bonds too but they still havent even moved.... that one is taking a while (short bonds).... its a multi week swing trade

The Swamp

doesn't mean i had the conviction to get that price, but its good enough longing EU is a suckers game, but if you trade small enough its hard to lose or when you do lose, you get a chance to go bigger at ridiculous standard deviations

The Swamp

LOL see, assumptions are the root of all evil (actually the love of money is but i like making jokes) CUT ME SOME SLACK I HAVEN'T BEEN HERE IN YEARS 1000 can be reached by end of the day, even 1021, not saying it will though video MY DAUGTER***

The Swamp

i mean you should be able to... unless it trades like AUDUSD on the first trading day of the year then you are screwed bro

The Swamp

it probably includes more aussie, gbp, nzd right? never traded it

The Swamp

no way sir, but that is a very misleading chart doesn't really represent DXY at all... 1.0963...

The Swamp

its been so long since we seen this as a consistent move, summer ending vol should pick up especially if we are going to break out towards 1.08

The Swamp

lets just do one more bearish 30 minute close just for fun (even though it shouldn't) this price action is no good for my strategy thats why we trade small boyssssss (and that one grill, hi )

The Swamp

i agree thats why i could never short here, only long, even though the lower long term targets are very valid now...

The Swamp

1.0950 just to piss everyone off? how long has it been since EURUSD had ATR of 100 pips 2015/2016? lol how long will it take for people to realize that making more than 30 basis points a day over a decade period of time is essentially impossible. ...

The Swamp