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The Swamp

  • #92,941
  • Dec 3, 2021 7:59am Dec 3, 2021 7:59am
Quoting gatorinla
{quote} 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. {image}
GDP higher with less workers. That is good for a currency.
those who can, do. those who cant, talk about those who can
  • #92,942
  • Dec 3, 2021 8:12am Dec 3, 2021 8:12am
Quoting gatorinla
{quote} 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. {image}
This is sometimes more important that the NFP numbers...
A fool and his money are easily parted
  • #92,943
  • Dec 3, 2021 8:21am Dec 3, 2021 8:21am
Quoting MozzChops
{quote} This is sometimes more important that the NFP numbers...
The true mark of a good economy is beer production.

https://seekingalpha.com/news/368048...evenue-dropped
those who can, do. those who cant, talk about those who can
  • #92,944
  • Dec 3, 2021 8:27am Dec 3, 2021 8:27am
Quoting gatorinla
{quote} 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. {image}
i know but number is strange you also have a lot of revisions up. in the last month maybe we get another one

AUD - NZD both new lows against USD> USD/TRY back to 13.7
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #92,945
  • Dec 3, 2021 8:32am Dec 3, 2021 8:32am
Talking about Electric Vehicles. Ford says it will be #2 EV maker in 2 years. A 600 K capacity. That candle is lit. A production line dont care what it makes. Ford has made tanks and Airplanes on its lines before. Changing to EV is nothing. https://www.benzinga.com/general/21/...pacity-of-near
those who can, do. those who cant, talk about those who can
  • #92,946
  • Dec 3, 2021 8:37am Dec 3, 2021 8:37am
Quoting DMA Trader
{quote} i know but number is strange you also have a lot of revisions up. in the last month maybe we get another one AUD - NZD both new lows against USD> USD/TRY back to 13.7
gbp close to new lows.
even with bad numbers on NFP -


CAD could be an interesting if oil goes down. but i am not doing much this week clearly i am missing something
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #92,947
  • Dec 3, 2021 8:42am Dec 3, 2021 8:42am
Quoting DMA Trader
{quote} gbp close to new lows. even with bad numbers on NFP - CAD could be an interesting if oil goes down. but i am not doing much this week clearly i am missing something
EU won't fall. It could retake 1323
those who can, do. those who cant, talk about those who can
  • #92,948
  • Dec 3, 2021 8:45am Dec 3, 2021 8:45am
Quoting gatorinla
{quote} EU won't fall. It could retake 1323
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those who can, do. those who cant, talk about those who can
  • #92,949
  • Dec 3, 2021 9:02am Dec 3, 2021 9:02am
good ISM
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those who can, do. those who cant, talk about those who can
  • #92,950
  • Dec 3, 2021 9:51am Dec 3, 2021 9:51am
Quoting gatorinla
{quote} EU won't fall. It could retake 1323
bears are trying, "hard to see levels" were always in the chart. 1275 testing now. 1259 untested atm. 1296 closed an h below, not a 4h yet. These are pa established real s/r. Unlike the Percent ones used as a gauge. The real s/r should answer some questions. The question about 1323 are on a larger time frame. It may be an anomaly do to new covid strands. Or it can be a real indication in bear commitment. If pa closes today (week) above 1323. I think its a rejection.
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those who can, do. those who cant, talk about those who can
  • #92,951
  • Dec 3, 2021 10:01am Dec 3, 2021 10:01am
Quoting gatorinla
{quote} bears are trying, "hard to see levels" were always in the chart. 1275 testing now. 1259 untested atm. 1296 closed an h below, not a 4h yet. These are pa established real s/r. Unlike the Percent ones used as a gauge. The real s/r should answer some questions. The question about 1323 are on a larger time frame. It may be an anomaly do to new covid strands. Or it can be a real indication in bear commitment. If pa closes today (week) above 1323. I think its a rejection. {image}
1h didnt take 1275 at close. The 4h closes in 2 hs. 1296 hasn't got a 4h close below. I'm thinking 1300 has a 60-40% chance now.
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those who can, do. those who cant, talk about those who can
  • #92,952
  • Dec 3, 2021 10:09am Dec 3, 2021 10:09am
Quoting gatorinla
{quote} 1h didnt take 1275 at close. The 4h closes in 2 hs. 1296 hasn't got a 4h close below. I'm thinking 1300 has a 60-40% chance now. {image}
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those who can, do. those who cant, talk about those who can
  • #92,953
  • Dec 3, 2021 10:16am Dec 3, 2021 10:16am
Using the gauge numbers.. circles in red.. bothe are less than 50% .. Both are near equal distances from 1323. No trend here. Just 1323 acting like a pivot point.
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those who can, do. those who cant, talk about those who can
  • #92,954
  • Dec 3, 2021 10:22am Dec 3, 2021 10:22am
Just posting a clean chart

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-milkeyway
  • #92,955
  • Dec 3, 2021 10:31am Dec 3, 2021 10:31am
Things are bearish. PA is still below 1447 and 1323 R. If bears fail. The last low gauged near the-75% mark. Since pa is pivoting around 1323. The opposite positive 75% mark being near 1416. I didnt think this was possible early last week. After this new covid strand. Things may have changed.
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those who can, do. those who cant, talk about those who can
  • #92,956
  • Dec 3, 2021 10:37am Dec 3, 2021 10:37am
Quoting kumaramy
Just posting a clean chart {image}
Yeah, people post charts without explanation. The chart appears to have be drifting lower. That wasn't the case 6 and 7 months back. Is it going down, or making a bull flag?
those who can, do. those who cant, talk about those who can
  • #92,957
  • Dec 3, 2021 10:42am Dec 3, 2021 10:42am
Quoting gatorinla
{quote} 1h didnt take 1275 at close. The 4h closes in 2 hs. 1296 hasn't got a 4h close below. I'm thinking 1300 has a 60-40% chance now. {image}
See the 1300 attraction.. This drop below 1323 is not acting right. Now see if the 4h can even close below 1296..
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those who can, do. those who cant, talk about those who can
  • #92,958
  • Dec 3, 2021 10:46am Dec 3, 2021 10:46am
Quoting gatorinla
{quote} See the 1300 attraction.. This drop below 1323 is not acting right. Now see if the 4h can even close below 1296.. {image}
If it cant close below 1296 and 1300 now. Then 1323 may be tested. The week close and 1323 are viable.
those who can, do. those who cant, talk about those who can
  • #92,959
  • Edited 11:13am Dec 3, 2021 11:03am | Edited 11:13am
1313 is a dynamic R. This close to 1323 you may just not trust the little ones. because 1323 can slap these down anyway. PA is consolidating around 1323 so it stands to reason all your indicators are MA based. All MA will go to this 1323 area eventually. Starting with the smaller time frames. Your ma based indicators will screw you. They are distorted. All you have here is S/R. You have no trends. Smaller than a week.

After a break out. The Ma will start to work again at some point. Don't trust them in this area. The longer here, the less they can be trusted. .
Quoting gatorinla
{quote} If it cant close below 1296 and 1300 now. Then 1323 may be tested. The week close and 1323 are viable.
those who can, do. those who cant, talk about those who can
  • #92,960
  • Dec 3, 2021 11:04am Dec 3, 2021 11:04am
Quoting gatorinla
{quote} Yeah, people post charts without explanation. The chart appears to have be drifting lower. That wasn't the case 6 and 7 months back. Is it going down, or making a bull flag?
Sorry for the cluttter. I just wanted to see if it shows instrument name, timeframe, etc..
Yeah. To me, it looks bearish for next few days.
-milkeyway
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