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The Swamp

  • #93,101
  • Dec 8, 2021 9:39am Dec 8, 2021 9:39am
I saved 7 pips. Bulls need the closes above those posted chart levels to continue.
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those who can, do. those who cant, talk about those who can
  • #93,102
  • Dec 8, 2021 10:32am Dec 8, 2021 10:32am
turkey's erdogan says price hikes in turkey caused by greed, import prices
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,103
  • Dec 8, 2021 10:36am Dec 8, 2021 10:36am
Quoting dma trader
turkey's erdogan says price hikes in turkey caused by greed, import prices

erdogan urges turks to invest fx, gold savings in economy
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,104
  • Dec 8, 2021 10:52am Dec 8, 2021 10:52am
Quoting DMA Trader
{quote} erdogan urges turks to invest fx, gold savings in economy
For a politician to do that. He must be worried.

Inserted Video
those who can, do. those who cant, talk about those who can
  • #93,105
  • Dec 8, 2021 10:58am Dec 8, 2021 10:58am
EIA petroleum data for the week ended Dec 3

 

  1. Crude oil inventories had a draw of 240K barrels

    1. Prior week showed a draw of 910K barrels


  2. Gasoline inventories had a build of 3.882 mln barrels

    1. Prior week showed a build of 4.03 mln barrels


Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,106
  • Dec 8, 2021 10:59am Dec 8, 2021 10:59am
Quoting gatorinla
{quote} For a politician to do that. He must be worried. https://www.youtube.com/watch?v=qLvGnro4Cgw
not sure why he is not switching aggressively on crypto - nothing to lose at this point
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,107
  • Dec 8, 2021 11:20am Dec 8, 2021 11:20am
still 40 minutes to go EUR/USD very strong
above1.132 - tested and up
1.132(6) good level on daily to hold

tomorrow dips bot - to 1.145

GU almost 100 pips from suicidal bottom
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,108
  • Dec 8, 2021 11:32am Dec 8, 2021 11:32am
Quoting gatorinla
{quote} Why? risk 5-10 pips for a bunch more? That sounds like a deal.
this why i was saying not to short, moves like today without any reason or better, with a lot of reason to long usd. usually change trend very aggressive no retraces
an people short it 400 pips bottom to some big monthly resistance usually kills accounts of course i was not referring to you


also the energy devoted to look for setups on short side rather than just go with the flow.

very nice against usd especially since we had record of longs USD last week
also after such a perverse move on GU

let's see how 1.138 behaves.
gonna try to look into GU more

just love trading when sentiment is so against
just like nasdaq end of the world on monday.

i have no idea why usd/cad went up - did not see any headlines, got out of longs open to hedge some of he short usd exposure
lucky day
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,109
  • Dec 8, 2021 11:46am Dec 8, 2021 11:46am
Quoting DMA Trader
{quote} this why i was saying not to short, moves like today without any reason or better, with a lot of reason to long usd. usually change trend very aggressive no retraces an people short it 400 pips bottom to some big monthly resistance usually kills accounts of course i was not referring to you also the energy devoted to look for setups on short side rather than just go with the flow. very nice against usd especially since we had record of longs USD last week also after such a perverse move on GU let's see how 1.138 behaves. gonna try to look...
1h AUD/USD chart
broke both top and bottom of the range

#algowithoutmercy
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,110
  • Dec 8, 2021 12:13pm Dec 8, 2021 12:13pm
UK PM Johnson: #Omicron Variant Is Growing Much Faster Than Previous Strains
UK PM Johnson Confirms England Will Be Moving To ‘Plan B’
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,111
  • Dec 8, 2021 12:15pm Dec 8, 2021 12:15pm
EUR/USD - 1.134 support
1.132 big support for dips

1.138 resistance top of the range.

Friday CPI next important event
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,112
  • Edited 4:03pm Dec 8, 2021 3:01pm | Edited 4:03pm
Quoting DMA Trader
{quote} how is Turkey going on Crypto i saw some videos in Turkey with big exposure from people there on crypto's may be an idea for Erdogan.
Turkey is already on crypto. Its been on it since 2013. More and more people are moving to it so value can be stored. Either way there is about a 20% tax on every transaction.. Turkey is not hurting. They sold off FX gold reserves because the the new law states that banks cannot issue big loans if they dont have gold collateral back in 2019.. The loans can be issued in another currency. Lira is going to be debased. Oh poor Turkey is a rich country. Do no be fooled by USDTRY.. Its not as bad as they are reporting..Basell III framework for banks to issue loans to countries https://www.bis.org/bcbs/basel3.htm
  • #93,113
  • Dec 8, 2021 3:03pm Dec 8, 2021 3:03pm
probably a good place to short
not for me but don't chase the move here, too tale

adding near 1.132

1h eur usd chart
Attached Image
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,114
  • Dec 8, 2021 5:42pm Dec 8, 2021 5:42pm
Quoting DMA Trader
{quote} this why i was saying not to short, moves like today without any reason or better, with a lot of reason to long usd. usually change trend very aggressive no retraces an people short it 400 pips bottom to some big monthly resistance usually kills accounts of course i was not referring to you also the energy devoted to look for setups on short side rather than just go with the flow. very nice against usd especially since we had record of longs USD last week also after such a perverse move on GU let's see how 1.138 behaves. gonna try to look...
Once it dropped back below 1307. It was either going to drop or go up above 1323.. I closed my 1323 pending s, once it closed that h below 1307. 1307 was either going to hold or blow the top..
However it did miss the retrace a little.. I will go back and look for it target. I will post it again.
those who can, do. those who cant, talk about those who can
  • #93,115
  • Dec 8, 2021 5:46pm Dec 8, 2021 5:46pm
Quoting gatorinla
It didnt go back to 1261. So it may just fall from 1300
This is the normal retrace it missed.
those who can, do. those who cant, talk about those who can
  • #93,116
  • Dec 8, 2021 5:48pm Dec 8, 2021 5:48pm
Quoting gatorinla
{quote} 1300 is a R to me.. But I just chickened out. Watch the bottom fall out after all my planning..
It started falling here but never reached 1261
those who can, do. those who cant, talk about those who can
  • #93,117
  • Dec 8, 2021 5:51pm Dec 8, 2021 5:51pm
Quoting gatorinla
{quote} 1300 is having a hard time attracting atm. I dont think I'm wrong about it. But if pa runs back to 1261 now, for a bowel of Wheaties. Then later comes back, It may be bullish. It would still need to break 1323 again. But if it did. It may be targeting 136x. Ok I only say this because 1300 wasn't reached. Now if 1300 is reached now.. It and all this 1323 area are in the R area 128x/1323. Its just most often it would reach 1300. Before a fall.
here is where it all comes together. this was before 1300 was hit. But it missed 1261 by a few pips. This all happened after a retrace from 1300. The target mentioned is 1363.7 or greater. When it didnt hit 1261, and 1300 was already hit. I was shorting for 1261 snowballing.
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those who can, do. those who cant, talk about those who can
  • #93,118
  • Dec 8, 2021 8:11pm Dec 8, 2021 8:11pm
Quoting gatorinla
{quote} here is where it all comes together. this was before 1300 was hit. But it missed 1261 by a few pips. This all happened after a retrace from 1300. The target mentioned is 1363.7 or greater. When it didnt hit 1261, and 1300 was already hit. I was shorting for 1261 snowballing. {image}
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those who can, do. those who cant, talk about those who can
  • #93,119
  • Dec 8, 2021 8:19pm Dec 8, 2021 8:19pm
Quoting gatorinla
{quote} {image}
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those who can, do. those who cant, talk about those who can
  • #93,120
  • Dec 8, 2021 8:20pm Dec 8, 2021 8:20pm
Quoting gatorinla
{quote} {image}
1327.4 or 1291 may be a buy
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those who can, do. those who cant, talk about those who can
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