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The Swamp

  • #93,161
  • Dec 9, 2021 11:55am Dec 9, 2021 11:55am
Quoting DMA Trader
{quote} 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
I will try a 3 pip stop on a chf long if it drops there. .2228x
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  • #93,162
  • Dec 9, 2021 12:15pm Dec 9, 2021 12:15pm
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...
It looks like it will wick above 1294/95R to 1299. Maybe 1316. But as long as it continues to close the 4 and 6h below 1294. Down should be ok. Be on guard for the possible stop hunt or even up range to 1299 or 1316. Since 1316 is above 1307 and 1310.. It could hold above. If that happens, bulls are likely to be here. Day close 1303 side may help determine this.
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  • #93,163
  • Dec 9, 2021 12:16pm Dec 9, 2021 12:16pm
Quoting gatorinla
{quote} I will try a 3 pip stop on a chf long if it drops there. .2228x {image}
EUR/CAD interesting setup but i have way to many open right now.
cad bad performer today
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,164
  • Dec 9, 2021 12:19pm Dec 9, 2021 12:19pm
Quoting DMA Trader
{quote} EUR/CAD interesting setup but i have way to many open right now. cad bad performer today
actually could break the range, oil looks like going down, nasdaq also

fear of tomorrow cpi number. and more tapper.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,165
  • Dec 9, 2021 12:26pm Dec 9, 2021 12:26pm
Quoting DMA Trader
{quote} EUR/CAD interesting setup but i have way to many open right now. cad bad performer today
We go 1.5 hs till day close. 1303+, or -1295/94x0. Since london closed lower, I have to lean with 1294 or lower. That leans that the top is in already. Tomorrow being Friday.. We may see a adr lower. ADR is 71 pips.
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  • #93,166
  • Dec 9, 2021 12:52pm Dec 9, 2021 12:52pm
oil drops below a month support level
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  • #93,167
  • Dec 9, 2021 1:18pm Dec 9, 2021 1:18pm
Quoting gatorinla
{quote} We go 1.5 hs till day close. 1303+, or -1295/94x0. Since london closed lower, I have to lean with 1294 or lower. That leans that the top is in already. Tomorrow being Friday.. We may see a adr lower. ADR is 71 pips.
We can make a lot of $ tonight or lose just a little if we stick to this plan.
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  • #93,168
  • Dec 9, 2021 1:28pm Dec 9, 2021 1:28pm
Bearish pennant looking
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  • #93,169
  • Dec 9, 2021 1:34pm Dec 9, 2021 1:34pm
week average range at 1227.. adr would be tomorrows high - 72 pips.
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  • #93,170
  • Dec 9, 2021 2:05pm Dec 9, 2021 2:05pm
at close was 1293.. below the day, 12h, 8h, 6h, 4h, 3h, 2h, 1h, 30 min 20 sma. above the 15 min. gap open was lower on the 15 and 5 min. That would seem to point in the bear direction.
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  • #93,171
  • Dec 9, 2021 2:15pm Dec 9, 2021 2:15pm
Quoting gatorinla
{quote} It looks like it will wick above 1294/95R to 1299. Maybe 1316. But as long as it continues to close the 4 and 6h below 1294. Down should be ok. Be on guard for the possible stop hunt or even up range to 1299 or 1316. Since 1316 is above 1307 and 1310.. It could hold above. If that happens, bulls are likely to be here. Day close 1303 side may help determine this.
we got all the BB can give on most levels.
those who can, do. those who cant, talk about those who can
  • #93,172
  • Dec 9, 2021 2:34pm Dec 9, 2021 2:34pm
Time of day.. sucks but 1 min 1291.6 is some R
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  • #93,173
  • Dec 9, 2021 3:10pm Dec 9, 2021 3:10pm
Quoting gatorinla
week average range at 1227.. adr would be tomorrows high - 72 pips. {image}
shorting some here for the next hours. until cpi maybe
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,174
  • Edited 4:02pm Dec 9, 2021 3:51pm | Edited 4:02pm
Quoting DMA Trader
{quote} shorting some here for the next hours. until cpi maybe {image}
If this drops 5 pips or so.. my 1 min R is about 1292. if the drop continues. That may be my descended dynamic stop. it hasn't dropped yet to trigger the 1 min. It may take me a few small s/o.. Since my stops are very tight.

pa is at 1292 atm.. it may run to 1295.. It dont look ready yet. I'm already in with my starter trade because some confidence R at 1294/95 is tough. Earlier I thought 1310 may be the top. Thinking 1294/95 ish is now.

I could be wrong. Because 1316.. But LC was lower and all the other things I mentioned.
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  • #93,175
  • Dec 9, 2021 4:03pm Dec 9, 2021 4:03pm
Quoting gatorinla
{quote} If this drops 5 pips or so.. my 1 min R is about 1292. if the drop continues. That may be my descended dynamic stop. it hasn't dropped yet to trigger the 1 min. It may take me a few small s/o.. Since my stops are very tight. pa is at 1292 atm.. it may run to 1295.. It dont look ready yet. I'm already in with my starter trade because some confidence R at 1294/95 is tough. Earlier I thought 1310 may be the top. Thinking 1294/95 ish is now. I could be wrong. Because 1316.. But LC was lower and all the other things I mentioned. {image}
Lets see if the bear pennant breaks lower.
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  • #93,176
  • Dec 9, 2021 4:12pm Dec 9, 2021 4:12pm
Quoting gatorinla
{quote} If this drops 5 pips or so.. my 1 min R is about 1292. if the drop continues. That may be my descended dynamic stop. it hasn't dropped yet to trigger the 1 min. It may take me a few small s/o.. Since my stops are very tight. pa is at 1292 atm.. it may run to 1295.. It dont look ready yet. I'm already in with my starter trade because some confidence R at 1294/95 is tough. Earlier I thought 1310 may be the top. Thinking 1294/95 ish is now. I could be wrong. Because 1316.. But LC was lower and all the other things I mentioned. {image}
What I meant. If the pennant works, the upside should be limited.
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  • #93,177
  • Dec 9, 2021 4:58pm Dec 9, 2021 4:58pm
Quoting gatorinla
{quote} If this drops 5 pips or so.. my 1 min R is about 1292. if the drop continues. That may be my descended dynamic stop. it hasn't dropped yet to trigger the 1 min. It may take me a few small s/o.. Since my stops are very tight. pa is at 1292 atm.. it may run to 1295.. It dont look ready yet. I'm already in with my starter trade because some confidence R at 1294/95 is tough. Earlier I thought 1310 may be the top. Thinking 1294/95 ish is now. I could be wrong. Because 1316.. But LC was lower and all the other things I mentioned. {image}
ok the 1 min may have started. stops above. 1293
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  • #93,178
  • Dec 9, 2021 6:04pm Dec 9, 2021 6:04pm
Quoting gatorinla
{quote} ok the 1 min may have started. stops above. 1293
full disclosure. The 1 m i use is bullish. The 5min bearish at 1299 and 1302. The 15 min at 1303.
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  • #93,179
  • Dec 9, 2021 6:22pm Dec 9, 2021 6:22pm
Quoting gatorinla
{quote} full disclosure. The 1 m i use is bullish. The 5min bearish at 1299 and 1302. The 15 min at 1303.
30 min 1299x and 1300.1. 1h 1299 1301.
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  • #93,180
  • Dec 9, 2021 6:32pm Dec 9, 2021 6:32pm
Quoting gatorinla
{quote} 30 min 1299x and 1300.1. 1h 1299 1301.
Quoting gatorinla
{quote} full disclosure. The 1 m i use is bullish. The 5min bearish at 1299 and 1302. The 15 min at 1303.
This just shows how worthless ma are in this consolidation. They are all in the same spot. .
That spot is a pp
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