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The Swamp

  • #66,161
  • Jun 2, 2020 4:08pm Jun 2, 2020 4:08pm
if anyone wants to short silver. Your chance is here. 16.41 or 14.95 at current high is target. S anytime till above R.18.62 19.26..
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those who can, do. those who cant, talk about those who can
  • #66,162
  • Jun 2, 2020 4:08pm Jun 2, 2020 4:08pm
Quoting gatorinla
{quote} I guess i could have added the 1 h oversextended to make it 4 signs. pa is north of 1160,, some support maybe. lc is higher.. It may push again
Yes, looks like a mini bull flag on 1hr but these daily support/resistance levels on EU & DX look like the last break for quite a distance... That said it may push again like you said to clear out the weak shorts, but it looks somewhat limited based on previous price action around these levels. We do have an important meeting Thursday in Euro land so it may push down & pull back in case of something unexpected. Levels look good though.
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  • #66,163
  • Jun 2, 2020 4:18pm Jun 2, 2020 4:18pm
Quoting gatorinla
if anyone wants to short silver. Your chance is here. 16.41 or 14.95 at current high is target. S anytime till above R.18.62 19.26.. {image}
orange box is best if possible.
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those who can, do. those who cant, talk about those who can
  • #66,164
  • Jun 2, 2020 4:23pm Jun 2, 2020 4:23pm
Quoting mmccormac
{quote} Yes, looks like a mini bull flag on 1hr but these daily support/resistance levels on EU & DX look like the last break for quite a distance... That said it may push again like you said to clear out the weak shorts, but it looks somewhat limited based on previous price action around these levels. We do have an important meeting Thursday in Euro land so it may push down & pull back in case of something unexpected. Levels look good though. {image} {image}
month 20 sma at 1160,, mid bb.. big boys #.

Its ripe to drop to 1114. I would feel better if it was higher. The 1h is 3x normal extended.
those who can, do. those who cant, talk about those who can
  • #66,165
  • Jun 2, 2020 4:23pm Jun 2, 2020 4:23pm
Quoting gatorinla
{quote} orange box is best if possible. {image}
Yes, wolfe wave
  • #66,166
  • Jun 2, 2020 4:33pm Jun 2, 2020 4:33pm
Quoting gatorinla
{quote} orange box is best if possible. {image}

Also, Copper has a slight bit further possibly (maybe tonight) before it's a great sell (Which is highly correlated with equities & AUD as well). Copper is 82% correlated with silver the past 30 days.
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  • #66,167
  • Jun 2, 2020 4:44pm Jun 2, 2020 4:44pm
Quoting mmccormac
{quote} Also, Copper has a slight bit further possibly (maybe tonight) before it's a great sell (Which is highly correlated with equities & AUD as well). Copper is 82% correlated with silver the past 30 days. {image}
maybe wait for orange box since both are used in industrial building, electronic etc. Or do tiny positions on a rise.
those who can, do. those who cant, talk about those who can
  • #66,168
  • Jun 2, 2020 5:06pm Jun 2, 2020 5:06pm
Quoting gatorinla
{quote} Zoomed in, it looks like 121.84 ish here. {image}
ej 121.84/122.01 area and eu 1243 area fit well as a possible top.. both have a higher day close. Eu has some other R 1208/09. The earlier wedge can rise a little more.
those who can, do. those who cant, talk about those who can
  • #66,169
  • Jun 2, 2020 5:07pm Jun 2, 2020 5:07pm
Quoting gatorinla
{quote} maybe wait for orange box since both are used in industrial building, electronic etc. Or do tiny positions on a rise.

Yeah, I hear ya... I will wait for correlating signals from other pairs & price action confirmation if/when I take Copper short. I don't trade silver though so I'll trade in a way via the copper correlation.

Thanks
  • #66,170
  • Jun 2, 2020 5:55pm Jun 2, 2020 5:55pm
Great job by Trump.Managed to bring back the 1918 pandemic. the 1930's depression. AND the 1992 Riots , ALL IN THE SAME YEAR !MAGA!
  • #66,171
  • Jun 2, 2020 6:17pm Jun 2, 2020 6:17pm
Quoting euroboy2208
Great job by Trump.Managed to bring back the 1918 pandemic. the 1930's depression. AND the 1992 Riots , ALL IN THE SAME YEAR !MAGA!
he had practice. https://en.wikipedia.org/wiki/Hurric...evastation%22.
those who can, do. those who cant, talk about those who can
  • #66,172
  • Jun 2, 2020 6:35pm Jun 2, 2020 6:35pm
There was this Broken Wedge on Daily i have been watching ,
Bulls has bit more to go
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #66,173
  • Edited Jun 3, 2020 3:12am Jun 2, 2020 6:45pm | Edited Jun 3, 2020 3:12am
Quoting ill_be_back
Pendings for Next Week (Will adjust) {image}
RU R3 today then BIG DOWN
Cancelled
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A good trader follows his rules, but great trader knows when to break them
  • #66,174
  • Jun 2, 2020 7:21pm Jun 2, 2020 7:21pm
If h4 is going to drop, i had 89 marked, it doesnt look likely...
  • #66,175
  • Jun 2, 2020 7:23pm Jun 2, 2020 7:23pm
morning

most of the currency's at new high against USD
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,176
  • Jun 2, 2020 7:41pm Jun 2, 2020 7:41pm
eu day candles, 6 in a row.
those who can, do. those who cant, talk about those who can
  • #66,177
  • Jun 2, 2020 7:47pm Jun 2, 2020 7:47pm
Quoting gatorinla
eu day candles, 6 in a row.
For sure break up
  • #66,178
  • Jun 2, 2020 7:55pm Jun 2, 2020 7:55pm
Quoting gatorinla
eu day candles, 6 in a row.
GU 1.26
EU 1.12
UC 1.34X
AU 0.695

bottom was marked with crashes.
top probably with melt up
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #66,179
  • Jun 2, 2020 8:06pm Jun 2, 2020 8:06pm
Quoting DMA Trader
{quote} GU 1.26 EU 1.12 UC 1.34X AU 0.695 bottom was marked with crashes. top probably with melt up
Melt up?

Not a good week for me. Don't do well in trending markets .. like the ranges better.
  • #66,180
  • Jun 2, 2020 8:08pm Jun 2, 2020 8:08pm
Quoting kasper
{quote} Melt up? Not a good week for me. Don't do well in trending markets .. like the ranges better.
pushing higher without stop just slowly going up without retrace

not sure we can get the "crash" effect against usd. like we got in March
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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