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The Swamp

  • #73,341
  • Aug 10, 2020 8:29am Aug 10, 2020 8:29am
Quoting thelws
{quote} my signals also turned bearish with that 4h close. Right now my technicals are clashing with fundamentals. And as always I will follow technical when in doubt. So my bias is switching to short now. But you're right. That 1h candle doesn't inspire confidence. Bears need to show more commitment.
once the 4h closes below the day 1761, it may. Its not a automatic process. It can fail and often does turning a trend. the one h needs to start closing below 1761 53 eventually 1714.

1h close above 1772.6 may bounce.. some R 1770 and 1828.

A new 4h close above 1762.6 could reverse the entire bear atm. If so, 1828 odds increase.
those who can, do. those who cant, talk about those who can
  • #73,342
  • Aug 10, 2020 8:30am Aug 10, 2020 8:30am
Quoting Boulder
{quote} Finally, after 48 days from June 23rd to Aug 10th , EurUsd bears took it over to reverse H4 to downtrend... {image}

isnt there any support on 1.1630?
  • #73,343
  • Aug 10, 2020 8:54am Aug 10, 2020 8:54am
bears, you dont want the 1h close above 1794.8
those who can, do. those who cant, talk about those who can
  • #73,344
  • Aug 10, 2020 8:57am Aug 10, 2020 8:57am
If my drawings were correct, we are heading to 1808, then maybe return to 1782. It's a high possibility to reach 1828 and even 1850 (to eat some more wheaties there - gator's phrase copyright)
  • #73,345
  • Aug 10, 2020 9:20am Aug 10, 2020 9:20am
Quoting Boulder
{quote} Finally, after 48 days from June 23rd to Aug 10th , EurUsd bears took it over to reverse H4 to downtrend... {image}
month, week, and day are bullish. she needs to relax to enter
those who can, do. those who cant, talk about those who can
  • #73,346
  • Aug 10, 2020 10:36am Aug 10, 2020 10:36am
lc was lower.
those who can, do. those who cant, talk about those who can
  • #73,347
  • Aug 10, 2020 11:14am Aug 10, 2020 11:14am
Quoting gatorinla
lc was lower.
next level when lc lower?
COT: The precious data ignored
  • #73,348
  • Aug 10, 2020 11:22am Aug 10, 2020 11:22am
15 min close below 1743 may run.
those who can, do. those who cant, talk about those who can
  • #73,349
  • Aug 10, 2020 11:23am Aug 10, 2020 11:23am
Quoting kuroro001
{quote} next level when lc lower?
1720/1695 some support. Likely bounce if unable to close below 1714 or 1761 day close. 1714 area should be support. adr in the same area 1707.

1h -1745.9
4h 1767.7
15 min 1743
this next h can take out support..
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those who can, do. those who cant, talk about those who can
  • #73,350
  • Aug 10, 2020 11:37am Aug 10, 2020 11:37am
Quoting gatorinla
{quote} 1720/1695 some support. Likely bounce if unable to close below 1714 or 1761 day close. 1714 area should be support. adr in the same area 1707. 1h -1745.9 4h 1767.7 15 min 1743 this next h can take out support.. {image}
other 4h s.

1714/07 may support some.. a 4h close below 1707 later may allow more drop.

This is atm against month week and day trends.. that is why its so hard to drop.
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those who can, do. those who cant, talk about those who can
  • #73,351
  • Aug 10, 2020 12:12pm Aug 10, 2020 12:12pm
finally a 4h close below 1761, possible run. h close below 1755.9, or 15 min -1753.
Next 4 h is a day close.
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those who can, do. those who cant, talk about those who can
  • #73,352
  • Aug 10, 2020 12:14pm Aug 10, 2020 12:14pm
Quoting gatorinla
finally a close below 176, possible run. h close below 1755.9, or 15 min -1753. Next 4 h is a day close. {image}
they dont wanna let go..
awful day for me.
buying going down, selling up.
  • #73,353
  • Aug 10, 2020 12:44pm Aug 10, 2020 12:44pm
Quoting gatenio
{quote} they dont wanna let go.. awful day for me. buying going down, selling up.
the last 4h candle upper wick got longer.. lower wick shorter.. compared to the left..
those who can, do. those who cant, talk about those who can
  • #73,354
  • Aug 10, 2020 1:04pm Aug 10, 2020 1:04pm
Quoting gatorinla
{quote} the last 4h candle upper wick got longer.. lower wick shorter.. compared to the left..
tomorrow is a new day
  • #73,355
  • Aug 10, 2020 1:05pm Aug 10, 2020 1:05pm
2 cents worth. Typing on mobile so no charts.
Thanks gator for insights. Always comforting to know levels roughly same with a good trader.

Dont like to have a view as it causes married trades which always ends up badly in divorce.

PA doesnt seem to want to go down. Maybe low volumes on back of PH in Asia but smells of a potential pop up for next leg.

Levels are clear to retail as per what everyone sees but it isnt giving way which gets me cautious. Heard buying going on in real money. Not sure if accurate but PA seems to suggest possibility.

Stay safe all. Thanks for the many good reads and charts.
There is no royal road to anything.
  • #73,356
  • Aug 10, 2020 2:51pm Aug 10, 2020 2:51pm
Quoting gatorinla
finally a 4h close below 1761, possible run. h close below 1755.9, or 15 min -1753. Next 4 h is a day close. {image}
1h -1743.8
-15 min 1738.8
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those who can, do. those who cant, talk about those who can
  • #73,357
  • Aug 10, 2020 2:55pm Aug 10, 2020 2:55pm
Quoting gatenio
{quote} tomorrow is a new day
she just needs to relax. its getting closer to 1714. I got a tp at 21. no matter how weak she looks, pa is still above 1714. The month week and day are still bullish. Whatever happens now. Bears need to close day below 1761. Maybe 1714. bbl, after close..
those who can, do. those who cant, talk about those who can
  • #73,358
  • Aug 10, 2020 2:55pm Aug 10, 2020 2:55pm
Quoting gatorinla
{quote} 1h -1743.8 -15 min 1738.8
we took out the June high on Dow today, think this will keep the NY pushing higher and thus keeping dxy low?
  • #73,359
  • Aug 10, 2020 4:06pm Aug 10, 2020 4:06pm
Bit of a slow grind but this is a 200+ pip move to a take profit level. Holding.
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  • #73,360
  • Aug 10, 2020 7:25pm Aug 10, 2020 7:25pm
Glad to see EU fall....love it .... enjoy the beautiful music....

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