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The Swamp

  • #93,141
  • Dec 9, 2021 4:19am Dec 9, 2021 4:19am
Quoting DMA Trader
{quote} and it was to the second. bears are in control so far.
gonna put myself again the bear costume play with the bears.
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  • #93,142
  • Dec 9, 2021 4:48am Dec 9, 2021 4:48am
Quoting DMA Trader
{quote} got myself a lot of idicators now conflicting with each other also i am looking to EUR/CHF now that tells a different story E/U should stop going up right now to the second if bears are taking control 1.1322 (edit price i was referring) 1h must close below 1.133 for the bearish scenariu if we close above Bulls will get more cocky
yes. most use the little ones. They grind their accounts down during the consolidation. Its because they are trusting indicators. That are as worthless as tits on a mule during consolidation. During consolidation the 5 min to 4h are probably worthless. The 4h may have some value if you using a 200ma +. Other than that its range using S/R. As it consolidates a long time, even the S/R lines blur. I figure 1307 and 1310 are supports. So if those break. With a close below. It may fall.. But in that chart posted earlier. I show week supports. Maybe set some longs against those supports and pray for a run toward 1447. Since the 200 is at 1700. You may get lucky.
those who can, do. those who cant, talk about those who can
  • #93,143
  • Dec 9, 2021 4:56am Dec 9, 2021 4:56am
Quoting gatorinla
{quote} yes. most use the little ones. They grind their accounts down during the consolidation. Its because they are trusting indicators. That are as worthless as tits on a mule during consolidation. During consolidation the 5 min to 4h are probably worthless. The 4h may have some value if you using a 200ma +. Other than that its range using S/R. As it consolidates a long time, even the S/R lines blur. I figure 1307 and 1310 are supports. So if those break. With a close below. It may fall.. But in that chart posted earlier. I show week supports....
week s/r
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those who can, do. those who cant, talk about those who can
  • #93,144
  • Dec 9, 2021 5:02am Dec 9, 2021 5:02am
during consolidation, these inside patterns lie too.. But if it goes to 1291 (1291/1227) and does bounce to 1363.. Things may be getting more normal.
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those who can, do. those who cant, talk about those who can
  • #93,145
  • Dec 9, 2021 5:41am Dec 9, 2021 5:41am
Weekly jobless claims fall to 184,000, the lowest level in more than 52 years
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  • #93,146
  • Dec 9, 2021 5:49am Dec 9, 2021 5:49am
Quoting gatorinla
{quote} yes. most use the little ones. They grind their accounts down during the consolidation. Its because they are trusting indicators. That are as worthless as tits on a mule during consolidation. During consolidation the 5 min to 4h are probably worthless. The 4h may have some value if you using a 200ma +. Other than that its range using S/R. As it consolidates a long time, even the S/R lines blur. I figure 1307 and 1310 are supports. So if those break. With a close below. It may fall.. But in that chart posted earlier. I show week supports....
yup had a tp near my 6h support. 1.305 but it did not hit him yet
a day of consolidation doesn't seem to be bad.

my "fear" is that we can just see a day like 29 October this year. and just go right to the bottom

also this 1.132 resistance now down from 1.133 - is very important. bears are defending it

meantime GU doing the same thing again but today i didn't buy

i was expecting a little volatility with Evergrande and Kaisa defaults. . didn't get this either.
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  • #93,147
  • Dec 9, 2021 6:17am Dec 9, 2021 6:17am
Quoting DMA Trader
{quote} yup had a tp near my 6h support. 1.305 but it did not hit him yet a day of consolidation doesn't seem to be bad. my "fear" is that we can just see a day like 29 October this year. and just go right to the bottom also this 1.132 resistance now down from 1.133 - is very important. bears are defending it meantime GU doing the same thing again but today i didn't buy i was expecting a little volatility with Evergrande and Kaisa defaults. . didn't get this either.
amazing this 5M range.
if i go out now to the minute it is breaking on level or another.
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  • #93,148
  • Dec 9, 2021 6:29am Dec 9, 2021 6:29am
Quoting DMA Trader
{quote} yup had a tp near my 6h support. 1.305 but it did not hit him yet a day of consolidation doesn't seem to be bad. my "fear" is that we can just see a day like 29 October this year. and just go right to the bottom also this 1.132 resistance now down from 1.133 - is very important. bears are defending it meantime GU doing the same thing again but today i didn't buy i was expecting a little volatility with Evergrande and Kaisa defaults. . didn't get this either.
GU 3270/92 look for a sell. Void if it dont hold 3292 R... closer R 3220
those who can, do. those who cant, talk about those who can
  • #93,149
  • Dec 9, 2021 6:29am Dec 9, 2021 6:29am
Quoting DMA Trader
{quote} amazing this 5M range. if i go out now to the minute it is breaking on level or another.
ok fine i am switching back to Bulls camp
left the bear camp without a scratch

now they can plunge this thing
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  • #93,150
  • Dec 9, 2021 6:31am Dec 9, 2021 6:31am
Quoting gatorinla
{quote} GU 3270/92 look for a sell. Void if it dont hold 3292 R... closer R 3220
i'm afraid to short GU
but if history is right GU downtrends usually ends with crash.
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  • #93,151
  • Dec 9, 2021 6:50am Dec 9, 2021 6:50am
[quote=DMA Trader;13818339]{quote} ok fine i am switching back to Bulls camp left the bear camp without a scratch now they can plunge this thing[/quote]


left again with naked bulls
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  • #93,152
  • Dec 9, 2021 7:13am Dec 9, 2021 7:13am
Quoting DMA Trader
{quote} ok fine i am switching back to Bulls camp left the bear camp without a scratch now they can plunge this thing left again with naked bulls
some help also from EG shorts but position is small

this was the price where i close most of the longs in EG. i will buy some just to let it there. but it will just expose me more on EUR bulls disaster
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  • #93,153
  • Dec 9, 2021 7:27am Dec 9, 2021 7:27am
why are crypto falling ?
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  • #93,154
  • Dec 9, 2021 7:38am Dec 9, 2021 7:38am
Quoting DMA Trader
why are crypto falling ?
prepare your wallets.

i have a special list from @Boulder. if we see some panic
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  • #93,155
  • Dec 9, 2021 7:51am Dec 9, 2021 7:51am
Quoting Boulder
{quote} here is main crypto lists that I have ..I have not traded crypto for months.. been busy with other projects ... {image}
this was Boulder list.

got myself some of them
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  • #93,156
  • Dec 9, 2021 8:12am Dec 9, 2021 8:12am
Quoting gatorinla
{quote} looking at the CHF.. it may be near the bottom.. 200 ema day bottom. (Stronger USD). Of course if ec 200 it fails, it will drop. EU usually does the opposite. (strong usd eu drop).. eu 200 ema day is much higher at 1700. The usd/chf and the eu are on the strong usd side still (200 ema day). The eur/chf has the eur on the weak side.. The eu is on the weak side of 1323 1447 . BB wise 1310 is the day center S on the eu. If you take the 20 ema 1340 is R.. Close a day below 1310 or 1307 points to a lower eu. Cliff notes.. The euro is weak. But...
That 200 ema day still says the eu is in a downtrend The usd/chf opposite counterpart in a uptrend. Meaning usd strength. Between eur and chf. The 200 ema day is above price. Meaning euro is the stepchild. Looking at the day ema.. eu 20ema till 200 has eu on the bear side. Today using the 20 sma *center day Bolliger was 1310. Price is now below it. I know we are in the weekly support areas. So until something breaks. I wouldn't look for much trend. The trend is down as explained using those day numbers. Down into this test of weekly support.
Atm those day ema pa is below is the 9ems day. its at 1301.

The eu day 200 is about 1700.. Sure it has a lot of room if it was to run. I would wait for the chf to break its 200 day support. After that eu may have a up run.

It looks like a consolidation range to me. But that could change.. Those week supports are real. So is the 200 chf support. Maybe some scalping while people wait.
those who can, do. those who cant, talk about those who can
  • #93,157
  • Dec 9, 2021 8:17am Dec 9, 2021 8:17am
Quoting gatorinla
{quote} That 200 ema day still says the eu is in a downtrend The usd/chf opposite counterpart in a uptrend. Meaning usd strength. Between eur and chf. The 200 ema day is above price. Meaning euro is the stepchild. Looking at the day ema.. eu 20ema till 200 has eu on the bear side. Today using the 20 sma *center day Bolliger was 1310. Price is now below it. I know we are in the weekly support areas. So until something breaks. I wouldn't look for much trend. The trend is down as explained using those day numbers. Down into this test of weekly support....
yup they've done it again

1.13 let's see if we can short it.
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  • #93,158
  • Dec 9, 2021 11:09am Dec 9, 2021 11:09am
Quoting DMA Trader
{quote} yup they've done it again 1.13 let's see if we can short it.
To me that 1308 area is probably the high .. The day 12 6 4h center (20ma) BB are in the 1295/1308 area. If you do get a wick to 1316,, It may quickly drop after. 6h and 4h 20 ma R 1295 1294. But like said before. these are ma in consolidation. Yesterday closed above the BB day center. Just that fast pa is below it. Even the 20 sma on the day is not to be trusted. BB are compressing. PA will need to pop out somewhere to break this. The 200 ema day point to a downtrend. But it has room below that 1700 level to bounce. PA is clear as a pseudomonas infection. Ranging in the week support.
those who can, do. those who cant, talk about those who can
  • #93,159
  • Dec 9, 2021 11:21am Dec 9, 2021 11:21am
BB with day 12 and 6 h settings.. Nothing but compression.. No trending.
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those who can, do. those who cant, talk about those who can
  • #93,160
  • Dec 9, 2021 11:32am Dec 9, 2021 11:32am
Quoting gatorinla
{quote} To me that 1308 area is probably the high .. The day 12 6 4h center (20ma) BB are in the 1295/1308 area. If you do get a wick to 1316,, It may quickly drop after. 6h and 4h 20 ma R 1295 1294. But like said before. these are ma in consolidation. Yesterday closed above the BB day center. Just that fast pa is below it. Even the 20 sma on the day is not to be trusted. BB are compressing. PA will need to pop out somewhere to break this. The 200 ema day point to a downtrend. But it has room below that 1700 level to bounce. PA is clear as a pseudomonas...
funny now GBP stronger than EUR

chatter about a bad number on inflation. even if everyone knows by now inflation fed tapper bla bla.
on a very high number i think USD strengthens. follow up should be interesting
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