US Retail Sales data were in red, so more drop means an unusual divergence starting April... Possible the Market will priced in the tomorrow FOMC with an expected start of tightening and possible rate hike this year....

The Swamp

Tomorrow is FOMC, and is expected for FED to start tightening with possible rate hike this year, that means big short is to come...

EURUSD only

Trump said things that are talked beyond the closed doors...may be a hurricane or not... Musk said that he sold only 10% of his Bitcoin investment and he just tested the sell mode, and Tesla will accept again Bitcoin in car sales payments after 50% ...

The Swamp

EURX the euro index shows many divergences starting April, it rise when EURUSD drop, so any drop is based mainly on USD strength and not on EUR weakness and the drop is keept moderated.

EURUSD only

Trump's tweets are famous and while his Twitter account remains suspended, we can read the news :elsewhere, and the future of cryptos looks uncertainty: Donald Trump calls Bitcoin 'a scam against the dollar' url

The Swamp

Not yet, while EUR is ashamed to be the weakest currency on the table...

EURUSD only

On EURUSD, Bloomberg shows a 52 weeks volatility of 1.2349-1.1168=1181 pips which will drop drastically starting July, I think till 800 pips or less before it will rise again...

EURUSD only

Indeed, no inside trading is needed to do that.

EURUSD only

Last time I have done something similar, my 5 pips SL was reached at pipette, and after that the price goes 40 pips in the good direction in a spike...

EURUSD only

SL and TP are mainly based on volatility, and volatility is the most ignored one when decide to add a 2nd order too early, or the most valued one when decide at the right time and place...

EURUSD only

I wonder if adding as well the "2nd" order for a 1st order running in profit, can optimise the RR ratio...

EURUSD only

A very good reading "Optimized Risk vs Reward Equation", a practical one: url

The Swamp

Boulder's position management is really scaring me, it's like walk a tightrope...

The Swamp

You'll quit your corporate job to be a full-time trader or not yet ?

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ECB Governing Council Press Conference - 10 June 2021 video

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And don't forget they are even happy with the negative swap paid by the traders...

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EURX at lowest level since 13th May...today was only an expected divergence, the way is down for EURUSD...

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US today's NFP... There are still a lot of people unemployed, but there does not seem to be a lot of eagerness to work... About 9.3 million people were classified as officially unemployed last month... There are a record 8.1 million unfilled jobs... ...

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Trend Lines everywhere...

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Now the market is waiting for Fed's Chair Powell speech in 1h 15 min...just 1h 30 min before the release of NFP data... Speech -- Chair Jerome H. Powell Central banks and climate change At the Green Swan 2021 Global Virtual Conference video

The Swamp