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The Swamp

  • #73,101
  • Aug 5, 2020 2:06pm Aug 5, 2020 2:06pm
Quoting keongzai94
{quote} Yeah it did break up and hit 1900. I had my pendings short hit at 1880 and 1895. early TP should be around 1860, 2nd TP maybe at 1840?
1st TP hit at 1860, I'm sure it can go down more to at least 1840.
  • #73,102
  • Aug 5, 2020 4:32pm Aug 5, 2020 4:32pm
Quoting kuroro001
{quote} what about 1,1485 and below?
month closed above 1485 (that broke the month bear trend). I can change my mind if it does something bearish. 7 green weeks on a close above 1766 or 1775 depending on using open or close (bullish). The month, week, day have closed higher. we just closed with a higher day close. I'm not saying the next week candle wont be bearish. I'm saying, show me a bearish closed day. 8 green weeks in a row is hard. even 7 is hard. that month chart posted shows where some 1902 R may be. So maybe we get some retrace. All i know is bears couldn't take out 1714 day close. And the day just closed higher. Last weeks/month close indicated last week's/month high are likely to be tested. It came close earlier. Today's close indicates that high will be retested now/tomorrow.
Ej wise target 126.66 and 128.97 gives me more confidence it will pull eu to 2200. 7 weeks green usually means a red one is not far away. it just needs -1766 or 1775 to be red
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  • #73,103
  • Aug 5, 2020 4:49pm Aug 5, 2020 4:49pm
The day did close b/o bullish above 1846. The chart shows a 4 bearish engulfed. The blue box marked 1h support, atm has stopped the 4h drop.
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  • #73,104
  • Aug 5, 2020 4:53pm Aug 5, 2020 4:53pm
A 1h or 4h close above 1897 could be a b/o on those tf.
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  • #73,105
  • Aug 5, 2020 6:25pm Aug 5, 2020 6:25pm
possible little bull flag on the 15 min.directly to the left a larger one may be a bear one. That 1h support is working so far.
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those who can, do. those who cant, talk about those who can
  • #73,106
  • Aug 5, 2020 6:32pm Aug 5, 2020 6:32pm
It seems to me a bull trap with the test of the top. I'm short with TP at 1.1726 and STP 1.1910

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  • #73,107
  • Aug 5, 2020 6:53pm Aug 5, 2020 6:53pm
when you think things cant get any more crazy. They surprise you again
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  • #73,108
  • Aug 5, 2020 6:55pm Aug 5, 2020 6:55pm
Quoting gatorinla
possible little bull flag on the 15 min.directly to the left a larger one may be a bear one. That 1h support is working so far. {image}
gator, what support levels do you see?
I'm trying to pick a lower entry to long.
  • #73,109
  • Aug 5, 2020 7:38pm Aug 5, 2020 7:38pm
Quoting thelws
{quote} gator, what support levels do you see? I'm trying to pick a lower entry to long.
kinda late now.. I would have said 1867 or 1848 earlier. I put the 1h supports on the chart earlier.

next h close above 1877 could be a breakout. but it may just test high. need a close above 1897 to run. The day close above 1746 earlier was a tech b/o. along with a 15 min above 1901 is stronger. I do have some 1815 19 25 50 R maybe a st top..
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  • #73,110
  • Aug 5, 2020 8:03pm Aug 5, 2020 8:03pm
Quoting gatorinla
{quote} kinda late now.. I would have said 1867 or 1848 earlier. I put the 1h supports on the chart earlier. next h close above 1877 could be a breakout. but it may just test high. need a close above 1897 to run. The day close above 1746 earlier was a tech b/o. along with a 15 min above 1901 is stronger. I do have some 1815 19 25 50 R maybe a st top..
slightly higher, but nerveless higher.
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  • #73,111
  • Aug 5, 2020 8:06pm Aug 5, 2020 8:06pm
Quoting gatorinla
{quote} kinda late now.. I would have said 1867 or 1848 earlier. I put the 1h supports on the chart earlier. next h close above 1877 could be a breakout. but it may just test high. need a close above 1897 to run. The day close above 1746 earlier was a tech b/o. along with a 15 min above 1901 is stronger. I do have some 1815 19 25 50 R maybe a st top..
I guess 1850ish is the more obvious support. Will probably try there...
Otherwise I will try again at 1833.

Not sure if I want to buy at 1877. Risk reward a bit unattractive. If It ends up going all the way back to yesterday's high, then I'll decide again at that point.

FUndamental wise, EU is still bullish. The guys at my office are all targetting 1.21 and some even 1.25.
  • #73,112
  • Aug 6, 2020 1:46am Aug 6, 2020 1:46am
Quoting gatorinla
{quote} kinda late now.. I would have said 1867 or 1848 earlier. I put the 1h supports on the chart earlier. next h close above 1877 could be a breakout. but it may just test high. need a close above 1897 to run. The day close above 1746 earlier was a tech b/o. along with a 15 min above 1901 is stronger. I do have some 1815 19 25 50 R maybe a st top..
typo. 1915 etc.
15 min couldn't close above 1901

if the drop continues, week -1766 close (1775) would be red. I closed my longs. Reload later.
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  • #73,113
  • Aug 6, 2020 2:00am Aug 6, 2020 2:00am
h close above 1897 may be bullish, u may also need the 15 min 1901+ closed. Week R 1915. others 1919 25 50
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  • #73,114
  • Aug 6, 2020 2:02am Aug 6, 2020 2:02am
an 1h close below 1858 may drop more. if not, more up. week 7 green just needs 1775+. up needs an h close 1897+
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  • #73,115
  • Aug 6, 2020 2:24am Aug 6, 2020 2:24am
2 Cents worth.
Pretty clean

Trading the channels.
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There is no royal road to anything.
  • #73,116
  • Aug 6, 2020 2:30am Aug 6, 2020 2:30am
30 min bearish.. 30 min support 1830/43
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  • #73,117
  • Aug 6, 2020 2:32am Aug 6, 2020 2:32am
Quoting gatorinla
an 1h close below 1858 may drop more. if not, more up. week 7 green just needs 1775+. up needs an h close 1897+ {image}
If it really closes below 1858. I will probably buy around 1830.

Watching 1850-1860 level right now. If it holds might take a small long.
  • #73,118
  • Aug 6, 2020 2:35am Aug 6, 2020 2:35am
1h -1858 bear, 4h -1860 bear. both need 1h close below 1h dynamic 1853 trend support.
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  • #73,119
  • Aug 6, 2020 2:37am Aug 6, 2020 2:37am
Quoting thelws
{quote} If it really closes below 1858. I will probably buy around 1830. Watching 1850-1860 level right now. If it holds might take a small long.
you need the 1h closed below 1853. if so 4h could take 1800/05 area. 7 green weeks are not common 1775/66.
1853/58 are 1h support
4h 1860.. support until not. No close below = still support
those who can, do. those who cant, talk about those who can
  • #73,120
  • Aug 6, 2020 2:51am Aug 6, 2020 2:51am
Quoting gatorinla
{quote} you need the 1h closed below 1853. if so 4h could take 1800/05 area. 7 green weeks are not common 1775/66. 1853/58 are 1h support 4h 1860.. support until not. No close below = still support
Looks like I might have to look a little lower if I want to go long.
Market is dropping fast and furious.
I don't even feel confident about 1830 anymore. But lets see. 1827 is the daily range low.
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