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The Swamp

  • #12,661
  • Dec 5, 2017 4:02am Dec 5, 2017 4:02am
Quoting gatorinla
1849 could act as R below... but the 12 h was higher.. 18h in 60 minutes.. if 1842 now supports it... it may reach for 1873 18h close. that may set up 1897/1910.9 test. that test would set up 192x... although the first test rejected may need to retrace b/4 to 1852 b4 183x
1858
those who can, do. those who cant, talk about those who can
  • #12,662
  • Dec 5, 2017 4:37am Dec 5, 2017 4:37am
Quoting gatorinla
its looking bearish for a 1811 test. but right here at 1842 ish, be mindful it could change with a close above 1849, then 1873. the last h closed below 1849 and yest was a Lower day close. its caught between 1809/11 to 1897/1911 with highest weekly close at 1939. last month was a higher L close, but it missed a b/o high on NY.. 1811 is Q3 close.. atm pa is above 1811
18h closed above 1849.. 24h to come in 6h. the last 24 h was red... above 1849 in 6h would be green. it so far, has bounced from 1842.. mid week last week at 1862.. 12h at 1873..
those who can, do. those who cant, talk about those who can
  • #12,663
  • Dec 5, 2017 4:50am Dec 5, 2017 4:50am
NASDAQ looking to test some important support today, 6215, we are 6242 last....not sure what it means, just feel like I have to watch it...
Look Sharp/Trade Tight
  • #12,664
  • Dec 5, 2017 4:53am Dec 5, 2017 4:53am
Quoting PayTheLimit
NASDAQ looking to test some important support today, 6215, we are 6242 last....
s/p had a red day,, 7 green months in a row are rare. 8 even more so,,, 9 ? unlikely.
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those who can, do. those who cant, talk about those who can
  • #12,665
  • Dec 5, 2017 4:58am Dec 5, 2017 4:58am
back to bed.. 1856. could be support at some point. 1849 will lose its place soon,,
those who can, do. those who cant, talk about those who can
  • #12,666
  • Dec 5, 2017 4:59am Dec 5, 2017 4:59am
Quoting gatorinla
{quote} s/p had a red day,, 7 green months in a row are rare. 8 even more so,,, 9 ? unlikely. {image}
since I primarily trade stocks/options nowadays, here's something I hope is of some value for US stocks/options traders.
25 mins video, but worth watching when you got some free time.

Inserted Video
  • #12,667
  • Dec 5, 2017 5:05am Dec 5, 2017 5:05am
eurusd - back to unchanged for the day. Any entry is risky here. Prefer to sell rips near 85-90 and/or buy dips near 20-30. Better risk/reward setups imo.
If we do a gap fill it's a setup Ill take on a short side.
  • #12,668
  • Edited 7:07am Dec 5, 2017 6:53am | Edited 7:07am
10 Hours ago, H1 bears failed 1875 at close, it reversed the trend, however , there was no momentum to the upside, just like yesterday when price touched 1828 close to H4 stop, there was no momentum to downside. we are still in the range 1827-1875, the battle continues...

Euro On 12/6/2017 at 8am est. BLDR system update :
H1, uptrend, Trend stop at H1 close 1843, Running Period: 9 hours
H4, uptrend, Trend stop at H4 close 1827, Running Period: 52 x H4
Daily, uptrend, Trend stop at day close 1606, Running Period: 8 days

Tomorrow ADP payroll, Friday NFP.. ..guess everyone is waiting.. positioning themselves for a big move ...coming..
  • #12,669
  • Dec 5, 2017 7:08am Dec 5, 2017 7:08am
Quoting Boulder
10 Hours ago, H1 bears failed 1875 at close, it reversed the trend, however , there was no momentum to the upside, just like yesterday when price touched 1828 close to H4 stop, there was no momentum to downside. we are still in the range 1827-1875, the battle continues... Euro On 12/6/2017 at 8am est. BLDR system update : H1, uptrend, Trend stop at H1 close 1843, Running Period: 9 hours H4, uptrend, Trend stop at H4 close 1827, Running Period: 52 x H4 Daily, uptrend, Trend stop at day close 1606, Running Period: 8 days Tomorrow ADP payroll, Friday...
Since yesterday I am only shorting on various opportunities as I expect PA to come down.
Doing quite well
  • #12,670
  • Dec 5, 2017 7:12am Dec 5, 2017 7:12am
Quoting CandleStar
{quote} Since yesterday I am only shorting on various opportunities as I expect PA to come down. Doing quite well
Happy for you , Candle!!
  • #12,671
  • Dec 5, 2017 7:21am Dec 5, 2017 7:21am
Quoting Boulder
10 Hours ago, H1 bears failed 1875 at close, it reversed the trend, however , there was no momentum to the upside, just like yesterday when price touched 1828 close to H4 stop, there was no momentum to downside. we are still in the range 1827-1875, the battle continues... Euro On 12/6/2017 at 8am est. BLDR system update : H1, uptrend, Trend stop at H1 close 1843, Running Period: 9 hours H4, uptrend, Trend stop at H4 close 1827, Running Period: 52 x H4 Daily, uptrend, Trend stop at day close 1606, Running Period: 8 days Tomorrow ADP payroll, Friday...
H1 stops 1843 is getting test at this moment.. 40 mins to go.. in case it can not hold, it will reverse the trend with stop 1880...
  • #12,672
  • Dec 5, 2017 7:26am Dec 5, 2017 7:26am
Quoting Boulder
{quote} H1 stops 1843 is getting test at this moment.. 40 mins to go.. in case it can not hold, it will reverse the trend with stop 1880...
I expect the weekend gap to be filled today mate but you are spot on with your 1.1843. Watching how it will react by the close of this hour which is also 4H close.
  • #12,673
  • Dec 5, 2017 7:35am Dec 5, 2017 7:35am
Quoting Connors
{quote} I expect the weekend gap to be filled today mate but you are spot on with your 1.1843. Watching how it will react by the close of this hour which is also 4H close.
are you still waiting for the gap fill? you do have over 80-85% chance statistically...once I played that, it killed me.. check 4/24/2017 gap..never get filled.as of today. ..... of course,, this is a baby gap.. you should not have much issue...
  • #12,674
  • Dec 5, 2017 7:40am Dec 5, 2017 7:40am
Quoting Boulder
{quote} are you still waiting for the gap fill? you do have over 80-85% chance statistically...once I played that, it killed me.. check 4/24/2017 gap..never filled.as of today. ...

That was French election gap, was a major one. There is no such rule that all gaps should be filled and some argue that there is no such thing as a gap since the trading actually never stops only your broker shuts off over the weekend.

Therefore, I am more comfortable with the term "retail gap" and the one we had over the weekend is not too large so experience tells me they are usually closed in the next 48 hours however you are right by saying one should not base his/her trading decisions only on "all gaps must be filled idea".
  • #12,675
  • Dec 5, 2017 7:46am Dec 5, 2017 7:46am
Quoting Connors
{quote} That was French election gap, was a major one. There is no such rule that all gaps should be filled and some argue that there is no such thing as a gap since the trading actually never stops only your broker shuts off over the weekend. Therefore, I am more comfortable with the term "retail gap" and the one we had over the weekend is not too large so experience tells me they are usually closed in the next 48 hours however you are right by saying one should not base his/her trading decisions only on "all gaps must be filled idea".
thanks Connors.. good to know... I do believe this gap fill is doable... ...
  • #12,676
  • Dec 5, 2017 7:53am Dec 5, 2017 7:53am
I think H1 bulls is giving up... 5 mins to go.... also challege H4 bulls at 1827..
  • #12,677
  • Dec 5, 2017 7:55am Dec 5, 2017 7:55am
40 was never a relevant support.
  • #12,678
  • Edited 12:53pm Dec 5, 2017 8:03am | Edited 12:53pm
this is 5th try on H4 trend stop 1827, it didn't close below.. but H1 stop did break 1843 at its close. ..reverse the trend.

Euro On 12/5/2017 at 9am est. BLDR system update :
H1, downtrend, Trend stop at H1 close 1880, Running Period: 1 hours
H4, uptrend, Trend stop at H4 close 1827, Running Period: 52 x H4
Daily, uptrend, Trend stop at day close 1606, Running Period: 8 days
  • #12,679
  • Dec 5, 2017 8:14am Dec 5, 2017 8:14am
Closed my shorts
Ah, that felt so good!!!
  • #12,680
  • Edited 9:07am Dec 5, 2017 8:18am | Edited 9:07am
yesterday, i did mention H4 uptrend is at late stage.. high possibility its stop will not hold... of course its a little early to say,, still 3 hours 40 mins to go for H4 to close.....in case h4 uptrend fails.. it will have downtrend stop 1925.. longs still have opportunity to 1900...
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