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The Swamp

  • #84,401
  • Apr 28, 2021 9:38pm Apr 28, 2021 9:38pm
Quoting gatorinla
{quote} missed entry earlier..
Lets take a car ride.
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those who can, do. those who cant, talk about those who can
  • #84,402
  • Apr 28, 2021 9:53pm Apr 28, 2021 9:53pm
Quoting gatorinla
{quote} Lets take a car ride. {image}

I just sold half my cryptos, I don't like the stall here. Still holding my gold and silver longs, added on yesterday's dip, which created 3 wicks below 4H uptrend on Silver. 4 candles closed below the 4 hour uptrend on gold, now recovered and above trendline. Something interesting to keep an eye on over the next few days. There is a coordinated plan to "short squeeze" silver on May 1, the ten year anniversary of the day silver was smashed down from $50. This plan goes well beyond Reddit, virtually all the precious metal dealers around the world are aware of the plan, and have tried to stock up for it. There's also a bit of a "revolution" going on with owners of unallocated silver being advised to convert to physical before it's "too late" to obtain physical. I've also added to my physical metal in both silver and gold.
  • #84,403
  • Apr 28, 2021 10:13pm Apr 28, 2021 10:13pm
Quoting Blackopal
{quote} I just sold half my cryptos, I don't like the stall here. Still holding my gold and silver longs, added on yesterday's dip, which created 3 wicks below 4H uptrend on Silver. 4 candles closed below the 4 hour uptrend on gold, now recovered and above trendline. Something interesting to keep an eye on over the next few days. There is a coordinated plan to "short squeeze" silver on May 1, the ten year anniversary of the day silver was smashed down from $50. This plan goes well beyond Reddit, virtually all the precious metal dealers around the...
I see it all rising.. I see some may need to unload, to pay for funerals. The wedding surge demand for gold, should be easing (India). Ethereum is making new HH while Bitcoin has stalled. https://www.cnn.com/2021/04/28/india...hnk/index.html
those who can, do. those who cant, talk about those who can
  • #84,404
  • Apr 28, 2021 10:18pm Apr 28, 2021 10:18pm
Quoting gatorinla
{quote} I see it all rising.. I see some may need to unload, to pay for funerals. The wedding surge demand for gold, should be easing (India). https://www.cnn.com/2021/04/28/india...hnk/index.html
Not sure about this source, but know it was high in the past. https://www.quora.com/Indian-housewi...Indian-economy

Ethereum is making new HH while Bitcoin has stalled.
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those who can, do. those who cant, talk about those who can
  • #84,405
  • Apr 28, 2021 10:23pm Apr 28, 2021 10:23pm
Quoting gatorinla
{quote} Not sure about this source, but know it was high in the past. https://www.quora.com/Indian-housewi...Indian-economy Ethereum is making new HH while Bitcoin has stalled. {image}
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those who can, do. those who cant, talk about those who can
  • #84,406
  • Edited 11:02pm Apr 28, 2021 10:50pm | Edited 11:02pm
Quoting gatorinla
{quote} I see it all rising.. I see some may need to unload, to pay for funerals. The wedding surge demand for gold, should be easing (India). Ethereum is making new HH while Bitcoin has stalled. https://www.cnn.com/2021/04/28/india...hnk/index.html
Demand for gold and silver in India has been at a low for quite a while, with demand not likely to increase until they recover from covid. They do account for a very high percentage of physical demand, generally. There has been very high demand in Western countries, with unprecedented physical demand ever since the first Reddit raid. Premiums for gold and silver have shot up, there is a very big gap between the actual physical cost now and the manipulated "paper" price. I'm holding silver long term based on the expectation that demand is likely to increase substantially with the anticipated renewable energy escalation, in which silver is a key component, due to the fact that it is the best conductor of electricity, as well as renewed interest in "the poor man's gold" for investment. Too much paper money floating around everywhere. Silver demand exceeding supplies, new start up silver mines are rare and take years to reach production. I have 4 silver mining stocks, Hecla is my jewel. Twenty years mining life based on current low cost ore reserves. Mines in Idaho, Nevada, Mexico and Canada, relatively stable governments. Produces appx. one third U.S. silver production, and 1% total world production. Lots of potential to increase ore reserves, and potential to ramp up production relatively quickly if silver prices justify doing so.

Ethereum has done well to outpace Bitcoin so strongly. I could very likely be wrong, but I think it may have hit a temporary ceiling here. And I'm playing for more down side in cryptos, with a plan to buy back lower, if I'm right.
  • #84,407
  • Apr 28, 2021 11:20pm Apr 28, 2021 11:20pm
Quoting Blackopal
{quote} Demand for gold and silver in India has been at a low for quite a while, with demand not likely to increase until they recover from covid. They do account for a very high percentage of physical demand, generally. There has been very high demand in Western countries, with unprecedented physical demand ever since the first Reddit raid. Premiums for gold and silver have shot up, there is a very big gap between the actual physical cost now and the manipulated "paper" price. I'm holding silver long term based on the expectation that demand is...
Till they get these black diamonds ( or a new cheaper discovery) to work cheaper. I heard they did this a few years back. I heard they can be mass produced in any shape. I heard they are better than siver for heat. http://blackdiamondanthracite.com/calcined-anthracite/
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those who can, do. those who cant, talk about those who can
  • #84,408
  • Apr 29, 2021 12:18am Apr 29, 2021 12:18am
Quoting gatorinla
{quote} Till they get these black diamonds ( or a new cheaper discovery) to work cheaper. I heard they did this a few years back. I heard they can be mass produced in any shape. I heard they are better than siver for heat. http://blackdiamondanthracite.com/calcined-anthracite/ {image}
reminds me of petroleum coke
  • #84,409
  • Apr 29, 2021 12:21am Apr 29, 2021 12:21am
Quoting gatorinla
some eu R 2158 ish.. with some possible light buy support 208x/9x support. {image}
it was. a very strong resistance since sell vas like algo style from 1.215

15/1h candles needs to close this hour above 1.214 so the bulls continue
some support 1.2120

but also support should not be broken near 1.208... 1.209

also month end.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,410
  • Apr 29, 2021 1:50am Apr 29, 2021 1:50am
Quoting DMA Trader
{quote} it was. a very strong resistance since sell vas like algo style from 1.215 15/1h candles needs to close this hour above 1.214 so the bulls continue some support 1.2120 but also support should not be broken near 1.208... 1.209 also month end.
support hit, hour has to close above 1.2120
if not i think 1.208/1.209 former resistance will be tested
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,411
  • Apr 29, 2021 2:36am Apr 29, 2021 2:36am
Quoting Blackopal
{quote} I just sold half my cryptos, I don't like the stall here. Still holding my gold and silver longs, added on yesterday's dip, which created 3 wicks below 4H uptrend on Silver. 4 candles closed below the 4 hour uptrend on gold, now recovered and above trendline. Something interesting to keep an eye on over the next few days. There is a coordinated plan to "short squeeze" silver on May 1, the ten year anniversary of the day silver was smashed down from $50. This plan goes well beyond Reddit, virtually all the precious metal dealers around the...
i am trying to buy crypto every dip - not sure what you see but the whole move in BTC and especially in ETH i find it to be very bullish
yesterday FED was so dovish that all this risky assets will jut get more money from already huge liquidity
SEC announce yesterday they will respond again if they allow the Bitcoin ETF in June, not sure they have any reason left to deny it again
if this happens more money will flow into crypto. You are at a point where hedgefunds needs to have some exposure into cypto and if we get regulation there is no reason to not have 2-5% in crypto, clients want crypto

Also you have amazing FED yesterday was one of the the most dovish FED i have read into some time. yet gold and sillver are holding back
what happen to fear of inflation, does gold and 10y trust into FED now. bearish for me is to see GOld sold on every rally
look into daily - how on earth are we trading sub 1800 on gold. i've said here 2-3 weeks ago - after I see weekly close on gold above 1800 i will jump into the boat
if it has to be 1900 2000 problem i don't set target we can see 3000 5000 or 10.000 who cares, but i just don't see that confirmation yet

maybe you are faster and earlier into the trade so i wish you luck i hope you are right and i will make some money later on gold because i am not into shorting
of course we can both be biased, what i see on gold to stay like this you interpret as bullish the same thing i see on crypto staying here very bullish
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,412
  • Apr 29, 2021 2:59am Apr 29, 2021 2:59am
bad data from germany,
good from spain, Ibex is alive again
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,413
  • Apr 29, 2021 3:49am Apr 29, 2021 3:49am
Quoting DMA Trader
bad data from germany, good from spain, Ibex is alive again {image}
Conversion rate from other countries are being gouged creating artificial demand for EURO. Everyone I met would convert to Euro's Before Dollars the price of converting USD into local currencies vs EUR to local currencies was really high.. Banks began combating this by offering 0% fx conversions but the annual fee for the card was 5000USD so we just converted to EUR because why not so much cheaper even though in real life if the fee wasn't so high the banks overseas where just taking advantage.. That being said its really bad sign countries are not willing to or pricing it high so that people move away from the dollar
  • #84,414
  • Apr 29, 2021 4:09am Apr 29, 2021 4:09am
Quoting priceaction1
was try to use this method . ICT - Mastering High Probability Scalping Vol. 1 of 3. pure gold.
Hi
What tf you trade this Methode?l
Im very interisting in this but the Video Shows daily for fractals and I think h1 for entry
I like Scalping eurusd using the M5 tf more

Kl
  • #84,415
  • Apr 29, 2021 4:15am Apr 29, 2021 4:15am
Quoting DMA Trader
{quote} i am trying to buy crypto every dip - not sure what you see but the whole move in BTC and especially in ETH i find it to be very bullish yesterday FED was so dovish that all this risky assets will jut get more money from already huge liquidity SEC announce yesterday they will respond again if they allow the Bitcoin ETF in June, not sure they have any reason left to deny it again if this happens more money will flow into crypto. You are at a point where hedgefunds needs to have some exposure into cypto and if we get regulation there is no...

I agree, it is very important for gold to make a daily close above 1800 level, and soon. The 4H uptrend will intersect there soon. And I'm also seeing weakness in it's failures to break higher. Today's performance in Asia is another example of weakness. Yesterday's candle closed with a bullish pinbar, and after the Fed's dovish statement, I expected today's run to be stronger. Instead, we've dipped down below the 4H TL again, without testing the 1795 area, and it's red so far for the day. I like the fundamentals, but I know that relying too heavily on that can be a serious mistake, as fundamentals are often not reflected in price action, or at least not at the same time that fundamental direction might be expected to be manifested. I do like the W pattern formed at the double bottom on gold chart. Maybe it needs to go back and test the 1755 breakout area before rising. I'm in from 1695 and a few top ups since then. So I got in early, partly on the expectation (hope) that the double bottom would hold, and partly (too much?) on conviction that with all of the paper "fiat" being printed, that inflation, gold and silver would all run up. As they say, you can print endless amounts of paper, but you can't print gold and silver. If I'm wrong, my stops are in positive territory now. I'm very comfortable with my physical gold and silver. I feel like it is the only real money in the current environment. If I had a time machine, I could go to just about anywhere, any time where there are intelligent human beings, and buy what I need with it.

"Inflation happens when a jump occurs in the overall price of goods and services such as housing, food, fuel, transportation, and clothing. But gold helps serve as a shield against the weakened buying power of paper money that arises from a broad increase in the price of goods and services. This is why it’s common to hear gold referred to as a hedge against inflation.
Research by the World Gold Council shows that between 1974 and 2008, there were only eight years when U.S. inflation was high (5% or above). During that time, gold prices climbed by an average of 14.9% year-over-year, outpacing assets like bonds, equities, and other commodities.
During years of moderate inflation (between 2% and 4.9%) or low inflation (below 2%) between 1974 and 2008, gold notched “mildly positive” real returns, according to the Council."
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  • #84,416
  • Apr 29, 2021 5:47am Apr 29, 2021 5:47am
Quoting q_import
{quote} Conversion rate from other countries are being gouged creating artificial demand for EURO. Everyone I met would convert to Euro's Before Dollars the price of converting USD into local currencies vs EUR to local currencies was really high.. Banks began combating this by offering 0% fx conversions but the annual fee for the card was 5000USD so we just converted to EUR because why not so much cheaper even though in real life if the fee wasn't so high the banks overseas where just taking advantage.. That being said its really bad sign countries...
it's a game that cannot be stopped, as soon as the dollar strengthens all the world has problem
maybe this is the reason they can control so nobody gives up on US reserves status.

We will see, this are long term trends, everybody is preparing for it.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,417
  • Apr 29, 2021 6:33am Apr 29, 2021 6:33am
Quoting Blackopal
{quote} I agree, it is very important for gold to make a daily close above 1800 level, and soon. The 4H uptrend will intersect there soon. And I'm also seeing weakness in it's failures to break higher. Today's performance in Asia is another example of weakness. Yesterday's candle closed with a bullish pinbar, and after the Fed's dovish statement, I expected today's run to be stronger. Instead, we've dipped down below the 4H TL again, without testing the 1795 area, and it's red so far for the day. I like the fundamentals, but I know that relying...


exactly my point
i would add something that also Gator said. Retail has a lot of gold, i know people that bought near 2000 for the inflation and fiat money, and all other BS sorry but i just think FED can be right, you could tapper inflation fears easy by scaling back assets purchases, well anyway price action that's it
as we can see in everything crypto included, prices moves because money are going into asset. right now gold has lost a little favor. but i am glad you bot dips nice. May you have wisdom to close it with the most profit
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,418
  • Apr 29, 2021 6:35am Apr 29, 2021 6:35am
Quoting DMA Trader
{quote} support hit, hour has to close above 1.2120 if not i think 1.208/1.209 former resistance will be tested
nice EUR comeback, let's see if bears step in or this is a bullish close i still want to see it close strong above 2130 or 2140
bears needs to attack or we are going higher

CAD also on fire.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #84,419
  • Apr 29, 2021 6:57am Apr 29, 2021 6:57am
As you wish, FED and Powell the Liar...EOW (end of week) and EOM (end of month) as well...450 pips monthly ATR is 1.21619, while 150 pips weekly ATR is atm 1.22058 or 1.19997...
I am who I am
  • #84,420
  • Apr 29, 2021 7:32am Apr 29, 2021 7:32am
Quoting DMA Trader
{quote} nice EUR comeback, let's see if bears step in or this is a bullish close i still want to see it close strong above 2130 or 2140 bears needs to attack or we are going higher CAD also on fire.
little softer on US data,
i guess from now, it will be about US data first - weak data, forget about USD
weak europe data, bounces on USD .. just like today with german unemployment numbers

meantime New All time High for US Markets and going higher
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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