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The Swamp

  • #36,321
  • Jun 6, 2019 8:38am Jun 6, 2019 8:38am
Attachment g
Attached Image (click to enlarge)
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Patterns have an underlying mathematical structure.
  • #36,322
  • Jun 6, 2019 8:50am Jun 6, 2019 8:50am
If we close the day in this area or even above 1300, bears could be slaughtered tomorrow after bad US data.
Everyone can see the chart, but only a few can actually read it.
  • #36,323
  • Jun 6, 2019 8:55am Jun 6, 2019 8:55am
Quoting OnlineAddict
If we close the day in this area or even above 1300, bears could be slaughtered tomorrow after bad US data.

This nis my concern too... and usually if/when we see a push up or down on ECB event we usually see next day or 2 follow suit
Cheers!!
  • #36,324
  • Jun 6, 2019 8:57am Jun 6, 2019 8:57am
Quoting PipsMaster23
{quote} This nis my concern too... and usually if/when we see a push up or down on ECB event we usually see next day or 2 follow suit
And that would mean that weekly would be very bullish and bulls would keep pushing the whole summer most probably.
Everyone can see the chart, but only a few can actually read it.
  • #36,325
  • Jun 6, 2019 9:04am Jun 6, 2019 9:04am
Quoting OnlineAddict
{quote} And that would mean that weekly would be very bullish and bulls would keep pushing the whole summer most probably.

I thought we would see one more leg down towards 1.11 and maybe even 1.1050 before bottoming out and start a new swing towards 1.15... I am not sure that this may be happening now already.

Thing is nothing has really changed fundamentally, but PA has been bullish... let's see where we close the daily today... 1.1260 is the line in the sand for me
Cheers!!
  • #36,326
  • Jun 6, 2019 9:09am Jun 6, 2019 9:09am
Quoting PipsMaster23
{quote} I thought we would see one more leg down towards 1.11 and maybe even 1.1050 before bottoming out and start a new swing towards 1.15...
When I saw the PA at 1107 and the big rejection during the strongest US hours, I didn't wait for that area to be tested again, it was tested before already. I was expecting one more test of 1150-70, though and we only went to 1200 today, but I still wouldn't be selling now because of that. Waiting for tomorrow's close.
Everyone can see the chart, but only a few can actually read it.
  • #36,327
  • Jun 6, 2019 9:11am Jun 6, 2019 9:11am
Price going up with lesser and lesser volume. perfect recipe for a fall. Usually use this to track exhaustion points. I wouldn't be buying at these heights. Price could spike but it should fall. Added to my shorts at 1.1292. I should get some bear pips.
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  • #36,328
  • Jun 6, 2019 9:14am Jun 6, 2019 9:14am
Quoting Mitiblotch
Price going up with lesser and lesser volume.
Well, its normal that volume goes down during these hours...the busiest hours are over.
Everyone can see the chart, but only a few can actually read it.
  • #36,329
  • Jun 6, 2019 9:18am Jun 6, 2019 9:18am
Quoting OnlineAddict
{quote} Well, its normal that volume goes down during these hours...the busiest hours are over.
I'm aware of that. My point is that this current rise is not big money buying. If they were, it would reflect on the volume bars.
  • #36,330
  • Jun 6, 2019 10:39am Jun 6, 2019 10:39am
Quoting Mitiblotch
{quote} I'm aware of that. My point is that this current rise is not big money buying. If they were, it would reflect on the volume bars.
i cant see any retrace back.. but what do i know?
  • #36,331
  • Jun 6, 2019 11:11am Jun 6, 2019 11:11am
Last 2 fresh supply levels. Let's see if the first one lands tomorrow.
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  • #36,332
  • Jun 6, 2019 11:32am Jun 6, 2019 11:32am
short
SL 1.12947.
https://charts.mql5.com/21/415/eurus...arkets-pty.png
don't predict direction, but dance with flow of water
  • #36,333
  • Jun 6, 2019 11:36am Jun 6, 2019 11:36am
Quoting Boulder
{quote} added 1292...
cashed out 1292 and 1280 here 1270.. about time
  • #36,334
  • Jun 6, 2019 11:45am Jun 6, 2019 11:45am
Quoting Boulder
{quote} cashed out 1292 and 1280 here 1270.. about time
If it closes the day below 1218. There goes the neighborhood.BULLS1 want to close the day above 1273
those who can, do. those who cant, talk about those who can
  • #36,335
  • Jun 6, 2019 11:48am Jun 6, 2019 11:48am
Quoting gatorinla
{quote} If it closes the day below 1218. There goes the neighborhood.BULLS1 want to close the day above 1273
keep shorting every bounce for now ...
  • #36,336
  • Jun 6, 2019 1:52pm Jun 6, 2019 1:52pm
Quoting Mitiblotch
Price going up with lesser and lesser volume. perfect recipe for a fall. Usually use this to track exhaustion points. I wouldn't be buying at these heights. Price could spike but it should fall. Added to my shorts at 1.1292. I should get some bear pips. {image}
Closed all my shorts here at 1.1274. Left the one I added at 1.1298 with SL already at entry. I wonder if I should book it also but the 4hr chart is looking like a sweet double top and I don't know if price would visit that top again tomorrow or just fall from here.
  • #36,337
  • Jun 6, 2019 4:30pm Jun 6, 2019 4:30pm
Quoting gatorinla
{quote} If it closes the day below 1218. There goes the neighborhood.BULLS1 want to close the day above 1273
careful. close was 1274. adp favored a job miss for NFP Friday. level above 1273 on month is 1332. WAR was reached
those who can, do. those who cant, talk about those who can
  • #36,338
  • Jun 6, 2019 5:37pm Jun 6, 2019 5:37pm
Sell rallies up 1.115....

Buy scalps at 1175, 1.1210.. 1.1240.

I have nothing else. Volatility i hope is back to stay. 100 pip daily moves forever...

I don't know which direction is first but bulls are playing it fierce
  • #36,339
  • Jun 6, 2019 7:41pm Jun 6, 2019 7:41pm
6/7/2019 Levels

RU R3 ----------1.1388
FP R3 ----------1.1368
RU R2 ----------1.1337
MP R3 ----------1.1330
FP R2 ----------1.1328
RU R1 ----------1.1306
FP R1 ----------1.1303
MP R2 ----------1.1278
WP R3 ----------1.1266
FP PP ----------1.1263
RU S1 ----------1.1244
MP R1 ----------1.1241
WP R2 ----------1.1228
FP S1 ----------1.1223
RU S2 ----------1.1214
WP R1 ----------1.1204
FP S2 ----------1.1198
MP PP ----------1.1180
WP PP ----------1.1167
RU S3 ----------1.1161
  • #36,340
  • Jun 6, 2019 7:50pm Jun 6, 2019 7:50pm
Quoting jaylovin
Sell rallies up 1.115.... Buy scalps at 1175, 1.1210.. 1.1240. I have nothing else. Volatility i hope is back to stay. 100 pip daily moves forever... I don't know which direction is first but bulls are playing it fierce
typo?
those who can, do. those who cant, talk about those who can
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