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The Swamp

  • #26,801
  • Nov 23, 2018 7:59am Nov 23, 2018 7:59am
Quoting Boulder
{quote} 15 mins to go.. to see 4H can pull out 1357 at bid...if it can.. I will edit what I posted..
its looking good for bears.. The question now is, can you wait for 1415 again to short it.. Or 1223 to long it?
those who can, do. those who cant, talk about those who can
  • #26,802
  • Nov 23, 2018 8:15am Nov 23, 2018 8:15am
Quoting gatorinla
{quote} its looking good for bears.. The question now is, can you wait for 1415 again to short it.. Or 1223 to long it?
If those stops can hold, .....I would short...But
I think stock market gap down today,, wait to see bulls can take it over after US open...15 mins to go...if market goes up, dollar will go down...

* its gap down now..
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  • #26,803
  • Nov 23, 2018 8:28am Nov 23, 2018 8:28am
DOW low 24.251 . . . . I like it . LONG now

  • #26,804
  • Edited 8:53am Nov 23, 2018 8:35am | Edited 8:53am
Quoting Boulder
{quote} If those stops can hold, .....I would short...But I think stock market gap down today,, wait to see bulls can take it over after US open...15 mins to go...if market goes up, dollar will go down... * its gap down now.. {image}
I think Dow will drop.. I thought was in that dead cat bounce a few weeks back.. I posted a chart.
September 2017 levels look minimal (21292 chart wise) to me..Nice double top..22848 smaller
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those who can, do. those who cant, talk about those who can
  • #26,805
  • Nov 23, 2018 8:38am Nov 23, 2018 8:38am
Quoting gatorinla
{quote} I think Dow will drop.. I thought was in that dead cat bounce a few weeks back.. I posted a chart.
no Bulls so far at open... bears are still hungry after thanksgiving..... where are those year end rallies...lol,,,,
  • #26,806
  • Nov 23, 2018 9:00am Nov 23, 2018 9:00am
Quoting gatorinla
{quote} I think Dow will drop.. I thought was in that dead cat bounce a few weeks back.. I posted a chart. September 2017 levels look minimal (21292 chart wise) to me..Nice double top..22848 smaller {image}
Man , thanks for alerting me on DOW.

If it drops below recent low 24251~ I will surely reverse to short .
  • #26,807
  • Nov 23, 2018 9:42am Nov 23, 2018 9:42am
Quoting gatorinla
{quote} I think Dow will drop.. I thought was in that dead cat bounce a few weeks back.. I posted a chart. September 2017 levels look minimal (21292 chart wise) to me..Nice double top..22848 smaller {image}
The Dow went up 20,482 points since 6470 low in 2009. At the high, 300.15%... If the Dow dropped. 10,200 points over a few years or even less time, it wouldn't be an anomaly.

eu 1.6038 is a classic example. About 8 years after eur/usd introduction it dropped after a HH double top in July 2008. March 2009 the Dow bottom, was almost 10 years ago. In 2008 during the period the Dow dropped. The Fed was massively printing USD's along with near 0 rates. At the same time the Dow dropped (July 2008/ March 2009). The eu dropped July till October 2008. The Dow is near a 10 year run with a possible double top. Oil looks to target 47.xx at a glance.

The right side of the chart shows what happens after the eu went up 100%. It made a massive rise in 8 years. The Dow over near 10 years is up 300%. What could possibly go wrong? Roughly 16,xxx on the Dow would not be an anomaly.
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Click to Enlarge Name: EU 2008.PNG Size: 30 KB
those who can, do. those who cant, talk about those who can
  • #26,808
  • Nov 23, 2018 9:42am Nov 23, 2018 9:42am
pending ...
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  • #26,809
  • Nov 23, 2018 9:57am Nov 23, 2018 9:57am
41.40 oil looks to be coming. older chart had it well below 27,, I just cant believe it.. So i ignore. the stronger the usd, the further oil will drop.
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those who can, do. those who cant, talk about those who can
  • #26,810
  • Nov 23, 2018 10:17am Nov 23, 2018 10:17am
Dow pa atm, is below December 22 2017 Tax cut signing day levels. And below 2017 close.
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those who can, do. those who cant, talk about those who can
  • #26,811
  • Nov 23, 2018 10:34am Nov 23, 2018 10:34am
day pp
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those who can, do. those who cant, talk about those who can
  • #26,812
  • Nov 23, 2018 10:44am Nov 23, 2018 10:44am
pa sitting between levels as i write 1333/// on week..

possible squeeze one back to 1363 or 1380
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those who can, do. those who cant, talk about those who can
  • #26,813
  • Edited Nov 24, 2018 3:58am Nov 23, 2018 11:55am | Edited Nov 24, 2018 3:58am
Quoting jaylovin
{quote} Well I got stopped out overnight. Free trade but now It would have worked out. No trade now. I will look to short higher.. maybe 1.1444 area. Then I have 1.1525
didn't get the short but i am glad to see it did fall... a step closer to 1.121x test... will wait for a retrace to short higher up - if it can... then i start to look to build longs at 1.1118 if price looks right... if it falls again i see 1.1300 maybe giving some sort of bounce

EDIT:

wishful thinking but we could see 1.1115 next week... timing could be spot on with these trendlines... i am selling bounces next week... and scalping longs as per usual
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  • #26,814
  • Nov 24, 2018 8:27am Nov 24, 2018 8:27am
Quoting gatorinla
{quote} its looking good for bears.. The question now is, can you wait for 1415 again to short it.. Or 1223 to long it?
I think 1245 to long
A good trader follows his rules, but great trader knows when to break them
  • #26,815
  • Nov 25, 2018 3:36pm Nov 25, 2018 3:36pm
eu looks like a gap up 10/15 pips atm..
those who can, do. those who cant, talk about those who can
  • #26,816
  • Edited 7:55pm Nov 25, 2018 7:43pm | Edited 7:55pm
In
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A good trader follows his rules, but great trader knows when to break them
  • #26,817
  • Nov 25, 2018 8:43pm Nov 25, 2018 8:43pm
Daily Trading Levels
Source ----------11/25/2018
ST R3 ----------1.1489
ST R2 ----------1.1445
RU R3 ----------1.1425
ST R1 ----------1.1395
RU R2 ----------1.1383
ST PP ----------1.1361
RU R1 ----------1.1357
RU S1 ----------1.1304
ST S1 ----------1.1302
RU S2 ----------1.1278
ST S2 ----------1.1268
RU S3 ----------1.1236
ST S3 ----------1.1209
* The highlighted Printed
* New added levels
Open price to PP-----Below
London Pre Day Close-----1.13362
LC close -----Lower
H1 Trend -----Downtrend
H4 Trend -----Downtrend
Daily Trend -----Downtrend
Trading Strategy: -----Sell the Bounce
  • #26,818
  • Nov 25, 2018 8:52pm Nov 25, 2018 8:52pm
Coming up either 1304/1302 for bears... or 1357/1361 for bulls.....
Currently the trends move more in favor of the bears.......
  • #26,819
  • Nov 25, 2018 9:00pm Nov 25, 2018 9:00pm
like it;;;;;
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  • #26,820
  • Nov 25, 2018 10:03pm Nov 25, 2018 10:03pm
Quoting ill_be_back
In {image}
Pending SHORT
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Click to Enlarge Name: Screenshot1.png Size: 2 KB
A good trader follows his rules, but great trader knows when to break them
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