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The Swamp

  • #93,921
  • Dec 28, 2021 6:37am Dec 28, 2021 6:37am
Gold is looking awfully bullish. It also has some large R here. This could take a long term turn
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those who can, do. those who cant, talk about those who can
  • #93,922
  • Dec 28, 2021 6:54am Dec 28, 2021 6:54am
Quoting gatorinla
Gold is looking awfully bullish. It also has some large R here. This could take a long term turn {image}
gold is making a run. It has been slapped down the past 5 months. 6th time the charm? Don't know. But atm its into that upper edge. Of where it failed to close in the past.
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those who can, do. those who cant, talk about those who can
  • #93,923
  • Edited 7:15am Dec 28, 2021 7:00am | Edited 7:15am
Quoting gatorinla
{quote} gold is making a run. It has been slapped down the past 5 months. 6th time the charm? Don't know. But atm its into that upper edge. Of where it failed to close in the past. {image}
Its struggled here a long time in the past. 18xx. This same area. In 2020 it made the closes above.. But lost it in 2021. I know we are bred to think gold is everything. Its in out DNA for a few thousand years. Personally I think if its so valuable. Why would some merchant take dollars for it. Why dont the merchant keep such a valuable asset? That he says will be more valuable in the future. Any way its tradeable.

I look at 2020 like a top shelf. Above that 18xx level. Atm pa is trying to get back on the shelf. The mystical Christmas "elf on a shelf". Asian buying demand for cultural reasons. But as inflation rises for food. There may be less spent on gold on traditional weddings etc. Producing less demand for luxury things like gold.
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those who can, do. those who cant, talk about those who can
  • #93,924
  • Dec 28, 2021 7:30am Dec 28, 2021 7:30am
Quoting gatorinla
{quote} Its struggled here a long time in the past. 18xx. This same area. In 2020 it made the closes above.. But lost it in 2021. I know we are bred to think gold is everything. Its in out DNA for a few thousand years. Personally I think if its so valuable. Why would some merchant take dollars for it. Why dont the merchant keep such a valuable asset? That he says will be more valuable in the future. Any way its tradeable. I look at 2020 like a top shelf. Above that 18xx level. Atm pa is trying to get back on the shelf. The mystical Christmas "elf...
If on a meager income. do you buy a gold ring. While your children are hungry? I dont know. Maybe you buy one with less gold. Traditions are usually made to support merchants. Yep even thousands of years ago they were "keeping up with the Jones". Across all cultures. Those who couldn't, invented their own traditions. Merry Christmas.
those who can, do. those who cant, talk about those who can
  • #93,925
  • Dec 28, 2021 8:45am Dec 28, 2021 8:45am
Quoting gatorinla
{quote} This is what I meant about *1316 on week's candle engulf. Some are playing this.. Some are playing day 1326. Some are playing month 1336, some are playing year 1211. Who has the deeper pockets? Those guys already see this. They tend to let pa float away from what they want, until close to the close. {image}
Hopefully its breaking down now.
those who can, do. those who cant, talk about those who can
  • #93,926
  • Dec 28, 2021 8:53am Dec 28, 2021 8:53am
Quoting q_import
{quote} PLN is because the reserve bank said they where going to start pricing it right. lol which means is going to fall USDPLN CME is kind of supporting it. Turkey, Poland, a couple of African countries came together and did a trade deal. DXY keeps gapping up and to close the gaps its driving other currencies up. if the DXY hits 95.86 we could be in USD free fall driving everything up across the board the 15th really set things off. Also since this was a consolidation month Jan should give some nice runners to just jump into and ride.
send me a link about that trade.
got it with PLN - poland wants to flight inflation so they will rase rates. will look again into weekend.

meantimes eur/usd below 1.13
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,927
  • Dec 28, 2021 9:09am Dec 28, 2021 9:09am
Quoting gatorinla
{quote} yeah stuck 1284 91 1298 1302
Still these. need closes below 1291 and 1284. This close to years end. They may not do much stopping. -1211 may be the prize for years end close. But some momentum may develop. Bulls are still under 1447 1343 1323.. The dynamics above 1323 is getting closer. Like stepping on a tube of toothpaste. Pa will come out somewhere. The larger bearish dynamic pa is 4h through one month.. The 1h through 1 min are now above pa (bearside). So this could be real.
those who can, do. those who cant, talk about those who can
  • #93,928
  • Dec 28, 2021 9:14am Dec 28, 2021 9:14am
Quoting gatorinla
{quote} Still these. need closes below 1291 and 1284. This close to years end. They may not do much stopping. -1211 may be the prize for years end close. But some momentum may develop. Bulls are still under 1447 1343 1323.. The dynamics above 1323 is getting closer. Like stepping on a tube of toothpaste. Pa will come out somewhere. The larger bearish dynamic pa is 4h through one month.. The 1h through 1 min are now above pa (bearside). So this could be real.
You are right. We need a close below 1.1290, quite a bit of support there...
A fool and his money are easily parted
  • #93,929
  • Dec 28, 2021 9:18am Dec 28, 2021 9:18am
With PA below most Dynamic and those other R's. Unlike weeks back. This is the last few days till the year ends. I can't say bulls won't fight. I dont think it would take more than a gnat's fart to drop. Most of the heavy lifting is already done. I dont think it was done for nothing. Some month supports here 1250/98.. even 1211.. Pa is here. Nothing is 100%.
those who can, do. those who cant, talk about those who can
  • #93,930
  • Dec 28, 2021 9:47am Dec 28, 2021 9:47am
this time of day moves tend to continue. With an h close below 1291 that may be bearish. 1284 better for bears
those who can, do. those who cant, talk about those who can
  • #93,931
  • Dec 28, 2021 10:04am Dec 28, 2021 10:04am
Some R 1207/09.. nothing happens w/o 1291 and 1284. Pa may runn above to 1311.. Some st R at 1311. If the h closes below 1307 after. bears may return. Thinking 1311 or 1281 is next. 1280 is better for short. -1245 even better, to make 1291 R stronger.
those who can, do. those who cant, talk about those who can
  • #93,932
  • Dec 28, 2021 10:19am Dec 28, 2021 10:19am
Quoting gatorinla
Some R 1207/09.. nothing happens w/o 1291 and 1284. Pa may runn above to 1311.. Some st R at 1311. If the h closes below 1307 after. bears may return. Thinking 1311 or 1281 is next. 1280 is better for short. -1245 even better, to make 1291 R stronger.
1311 or 1281 here we come.. Into the 1 min R 1307/11
those who can, do. those who cant, talk about those who can
  • #93,933
  • Dec 28, 2021 10:25am Dec 28, 2021 10:25am
So the Turkish Lira crashed badly last week. The reason for this is directly linked to Turkey’s President- Erdogan- who has held a defensive stance on the country’s national bank’s controversial refusal to increase interest rates amid a worrying inflation.

There was a record at a mere 13.44 to the dollar. Do you think the market will normalize soon, after the New Year? Or it will get worse.
  • #93,934
  • Dec 28, 2021 10:31am Dec 28, 2021 10:31am
Quoting james1254
So the Turkish Lira crashed badly last week. The reason for this is directly linked to Turkey’s President- Erdogan- who has held a defensive stance on the country’s national bank’s controversial refusal to increase interest rates amid a worrying inflation. There was a record at a mere 13.44 to the dollar. Do you think the market will normalize soon, after the New Year? Or it will get worse.
It is impossible that the market can normalize. IMHO It will get worse
  • #93,935
  • Dec 28, 2021 10:49am Dec 28, 2021 10:49am
at least we can play the range now.
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,936
  • Dec 28, 2021 11:27am Dec 28, 2021 11:27am
Not a good looking 4hr!
A fool and his money are easily parted
  • #93,937
  • Dec 28, 2021 1:22pm Dec 28, 2021 1:22pm
Quoting DMA Trader
at least we can play the range now. {image}
got another one.
not buying
gonna short rally again if we jump

1H downtrend was respected so next level 1.1315 maybe or just back up to 1.133
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,938
  • Dec 28, 2021 3:15pm Dec 28, 2021 3:15pm
France Covid-19: 179,807 new cases in 24 hours, a record since the start of the Covid-19 pandemic...
https://www.lefigaro.fr/sciences/cov...lises-20211228
I am who I am
  • #93,939
  • Dec 28, 2021 11:44pm Dec 28, 2021 11:44pm
Quoting DMA Trader
{quote} got another one. not buying gonna short rally again if we jump 1H downtrend was respected so next level 1.1315 maybe or just back up to 1.133 {image}

trend was respected so dar. another "leg down" is coming
we still have bottom of the range at 1.29
i did expect more upside for holidays.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #93,940
  • Dec 29, 2021 2:43am Dec 29, 2021 2:43am
Quoting gatorinla
{quote} Still these. need closes below 1291 and 1284. This close to years end. They may not do much stopping. -1211 may be the prize for years end close. But some momentum may develop. Bulls are still under 1447 1343 1323.. The dynamics above 1323 is getting closer. Like stepping on a tube of toothpaste. Pa will come out somewhere. The larger bearish dynamic pa is 4h through one month.. The 1h through 1 min are now above pa (bearside). So this could be real.
Ok see if it can close below 1284. Still a chance for -1211 to close 2021. Closing below 1284 now could make it act as some R
those who can, do. those who cant, talk about those who can
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