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The Swamp

  • #92,921
  • Dec 2, 2021 10:05am Dec 2, 2021 10:05am
Quoting gatorinla
{quote} the month closed 1 min ago to me.. being above 1323 makes me think its bearish because its below 1447. But its not so bearish enough to have held 1323. It has some chance to go back to 1447.. {image}
Here is what I saw 35 hours ago. 1323 is not as big as a number as 1447. Yet bears were unable to close the deal. At the last minute, bears blinked. Now bears need to make 1323 R. If not it will be a support. A support so far, unable to close the month below. Tomorrow is a week close after NFP. To me this suggest PA will be choppy.
those who can, do. those who cant, talk about those who can
  • #92,922
  • Dec 2, 2021 10:14am Dec 2, 2021 10:14am
Very much appreciated.. thank you!
Cheers!!
  • #92,923
  • Dec 2, 2021 12:04pm Dec 2, 2021 12:04pm
Quoting gatorinla
{quote} {quote} oil hit some support.{image} {image}
missed most of the day today
crazy market

i see oil wen to your level
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #92,924
  • Dec 2, 2021 12:07pm Dec 2, 2021 12:07pm
Quoting gatorinla
{quote} I look at it like this.. If NFP tomorrow is good/better than expected. And EU still goes up. And it cant close tomorrow below 1323. I'm not calling it bullish. 50% to 1447 or 1447 may be a short. When the month couldn't close below 1323. That was a red line for me. At least a warning sign to be cautious shorting. PA was far below 1323, a decent support level. Yet just before the month closed, it was taken back. Maybe because of the latest covid news. Regardless of the reason. Bears lost a step. Bulls gained a foothold. The next large R above...
if NFP comes good - and EU goes up imho everyone will wait for ECB BOE to do something tapper on some rate guidance

if not they will break again

and it's also friday
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #92,925
  • Edited 6:57pm Dec 2, 2021 6:46pm | Edited 6:57pm
Quoting DMA Trader
{quote} if NFP comes good - and EU goes up imho everyone will wait for ECB BOE to do something tapper on some rate guidance if not they will break again and it's also friday
I dont know if it will go up or not. If Friday close finds it above 1323. I dont think +1323 close Friday, is a bearish sign. Maybe not bullish either. Since the month did close below 1447. Between the 2 levels it may drop.
When the month closed above 1323. I had to re-evaluate things. It may just be an anomaly. Until more concrete news about the new covid strand. So far I hear its 3x contagious. But I haven't heard it being more deadly or not yet. The ones I heard about, all had been vaccinated. We wont know the story until the unvaccinated are hit. It may be less deadly. It may not. If it causes more shutdowns. It wouldn't help tourism, oil, travel, restaurants, or service industries. Or the economies heavily geared toward them.
those who can, do. those who cant, talk about those who can
  • #92,926
  • Dec 2, 2021 11:20pm Dec 2, 2021 11:20pm
Quoting gatorinla
{quote} No change. {image}
one can see 1323 in the center,, blue box since month closed. atm with 1323 as a pivot. the travel away is near equal. The 25% number represents the 25% distance to 1447 1323. So using that distance, -25% away from 1323 is where the atm low is. Its also a near distance high away from 1323 since the month closed. I use this to gauge.

If you look closer you will see the 12.5% marks, and the -12.5% marks. You can go back in time before they were hit. You can see the original chart posted before these hits and rejections.
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those who can, do. those who cant, talk about those who can
  • #92,927
  • Dec 2, 2021 11:36pm Dec 2, 2021 11:36pm
Quoting gatorinla
{quote} one can see 1323 in the center,, blue box since month closed. atm with 1323 as a pivot. the travel away is near equal. The 25% number represents the 25% distance to 1447 1323. So using that distance, -25% away from 1323 is where the atm low is. Its also a near distance high away from 1323 since the month closed. I use this to gauge. If you look closer you will see the 12.5% marks, and the -12.5% marks. You can go back in time before they were hit. You can see the original chart posted before these hits and rejections. {image}
this blue may be easier to see.
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those who can, do. those who cant, talk about those who can
  • #92,928
  • Dec 2, 2021 11:39pm Dec 2, 2021 11:39pm
Quoting gatorinla
{quote} this blue may be easier to see. {image}
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those who can, do. those who cant, talk about those who can
  • #92,929
  • Dec 2, 2021 11:50pm Dec 2, 2021 11:50pm
Using that same grid. The low atm this year is approx -110%. An equal distance is above the 1447 R. An equal distance is 1459. A possible short there later.
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those who can, do. those who cant, talk about those who can
  • #92,930
  • Dec 3, 2021 12:50am Dec 3, 2021 12:50am
Quoting DMA Trader
{quote} *turkey’s erdogan removes treasury & finance minister elvan
another high today for USD/TRY
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #92,931
  • Dec 3, 2021 6:08am Dec 3, 2021 6:08am
1.5 hs
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those who can, do. those who cant, talk about those who can
  • #92,932
  • Dec 3, 2021 6:35am Dec 3, 2021 6:35am
Quoting DMA Trader
{quote} another high today for USD/TRY
It may get worse after NFP
those who can, do. those who cant, talk about those who can
  • #92,933
  • Dec 3, 2021 7:11am Dec 3, 2021 7:11am
A little turn down in commodity inflation.
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those who can, do. those who cant, talk about those who can
  • #92,934
  • Dec 3, 2021 7:21am Dec 3, 2021 7:21am
Unvaccinated people who had Delta. Are showing little/no immunity to Omicron.
those who can, do. those who cant, talk about those who can
  • #92,935
  • Dec 3, 2021 7:24am Dec 3, 2021 7:24am
NFP 210 k ish bad miss
those who can, do. those who cant, talk about those who can
  • #92,936
  • Dec 3, 2021 7:32am Dec 3, 2021 7:32am
eu over 1323 may move
those who can, do. those who cant, talk about those who can
  • #92,937
  • Dec 3, 2021 7:42am Dec 3, 2021 7:42am
I think the dollar is being saved by JP retiring the word 'transitory'
  • #92,938
  • Dec 3, 2021 7:45am Dec 3, 2021 7:45am
Quoting gatorinla
NFP 210 k ish bad miss
very bad miss and strange and also now again we have to take into consideration whatever FED things. hard to trade
but i took some trades against uSD
i guess now people will look to unemployment number witch looks very good


but i have no idea what to say
CAD very strong but the move already happened
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #92,939
  • Dec 3, 2021 7:49am Dec 3, 2021 7:49am
Quoting gatorinla
{quote} Trying to buy ec 4358/30 both may be supportive. If this current high holds. I may get the chance. A positive bounce in oil may force this to my level. After I may be able to (snowball) ride to 4630+ {image}
I may get the entry zone on ec.
those who can, do. those who cant, talk about those who can
  • #92,940
  • Dec 3, 2021 7:50am Dec 3, 2021 7:50am
Quoting DMA Trader
{quote} very bad miss and strange and also now again we have to take into consideration whatever FED things. hard to trade but i took some trades against uSD i guess now people will look to unemployment number witch looks very good but i have no idea what to say CAD very strong but the move already happened
I dont think its a true reflection. People who started a new business will not be counted. The unemployment rate is super low. More job hiring than the last 50 years.
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those who can, do. those who cant, talk about those who can
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