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The Swamp

  • #94,361
  • Jan 13, 2022 2:34am Jan 13, 2022 2:34am
Quoting Mitiblotch
{quote} So what the heck is it doing up here!?
the consolidation reduced the week average. 127 pips.. month at 1624
those who can, do. those who cant, talk about those who can
  • #94,362
  • Jan 13, 2022 2:35am Jan 13, 2022 2:35am
Quoting gatorinla
{quote} the consolidation reduced the week average.
True. London buying the highs makes me skeptical of the rise this morning. At least the Asian low sitting at 1435 should be checked.
  • #94,363
  • Jan 13, 2022 2:40am Jan 13, 2022 2:40am
Quoting Mitiblotch
{quote} True. London buying the highs makes me skeptical of the rise this morning. At least the Asian low sitting at 1435 should be checked.
If it dont drop some 1477/92. You may need a bigger boat. I know it has to climb to break 1208. I didnt think rates would drop w/o the fed. Any way if holds this top here, 1331 may start a pull. pa would need to start closing below 1439. 1447 above could support .
those who can, do. those who cant, talk about those who can
  • #94,364
  • Jan 13, 2022 2:47am Jan 13, 2022 2:47am
Quoting gatorinla
{quote} If it dont drop some 1477/92. You may need a bigger boat. I know it has to climb to break 1208. I didnt think rates would drop w/o the fed. Any way if holds this top here, 1331 may start a pull. pa would need to start closing below 1439. 1447 above could support .
Hi! Can you elaborate on this please? Rather new to fundamental trading so I'm wondering if there's any news in particular that I should be paying attention to at this moment.
Trying my best.
  • #94,365
  • Jan 13, 2022 2:49am Jan 13, 2022 2:49am
Quoting gatorinla
{quote} If it dont drop some 1477/92. You may need a bigger boat. I know it has to climb to break 1208. I didnt think rates would drop w/o the fed. Any way if holds this top here, 1331 may start a pull. pa would need to start closing below 1439. 1447 above could support .
I just got the signal I wanted for the short. I think the top is most likely in (might be temporary).
  • #94,366
  • Jan 13, 2022 2:51am Jan 13, 2022 2:51am
Those at 1461 area could support some. Start closing below 1439 being below. Has already beat those. The first light support at 1458. Nothing will drop w/o that first step. The first step is a light support. atm 1477 was the best spot. If/when it drops to 1460 some will start shorting. Right into 1458 support. The same with 1447 and 1439..
those who can, do. those who cant, talk about those who can
  • #94,367
  • Jan 13, 2022 2:57am Jan 13, 2022 2:57am
Quoting gatorinla
Those at 1461 area could support some. Start closing below 1439 being below. Has already beat those. The first light support at 1458. Nothing will drop w/o that first step. The first step is a light support. atm 1477 was the best spot. If/when it drops to 1460 some will start shorting. Right into 1458 support. The same with 1447 and 1439..
We dont know where the high will be. If this 1477 is it, some more light support at 1415/16.

12h close in 1h.. Bears should need those above and -1439. Not expecting this.. But so be it if it happens. 1477 is not a bad spot. It may pull it to 1331
those who can, do. those who cant, talk about those who can
  • #94,368
  • Jan 13, 2022 3:03am Jan 13, 2022 3:03am
back to bed. 1 hhttps://www.youtube.com/watch?v=mt2_bm2Xy-4
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those who can, do. those who cant, talk about those who can
  • #94,369
  • Jan 13, 2022 3:16am Jan 13, 2022 3:16am
https://charts.mql5.com/31/222/eurus...al-limited.png
don't predict direction, but dance with flow of water
  • #94,370
  • Jan 13, 2022 4:12am Jan 13, 2022 4:12am
it hasn't broken 1477 yet. But its not dropping either. 1483 1492 has some R.. Adr 1502. Beyond it 1550. Bulls dont seem to quit.
those who can, do. those who cant, talk about those who can
  • #94,371
  • Jan 13, 2022 4:16am Jan 13, 2022 4:16am
Quoting gatorinla
it hasn't broken 1477 yet. But its not dropping either. 1483 1492 has some R.. Adr 1502. Beyond it 1550. Bulls dont seem to quit.
Bears have been defeated. Yesterday the pivot was missed. Today price didn't even get near the pivot. Bulls are in a hurry. Shorts seem to be worthless.
  • #94,372
  • Jan 13, 2022 4:22am Jan 13, 2022 4:22am
Quoting Mitiblotch
{quote} Bears have been defeated. Yesterday the pivot was missed. Today price didn't even get near the pivot. Bulls are in a hurry. Shorts seem to be worthless.
If they go higher 55 is on the board which mean they rolled over into feb to sell the premium so expiry will be worthless I dont think they are going to show their hand.. It would be suicide
  • #94,373
  • Jan 13, 2022 4:22am Jan 13, 2022 4:22am
Quoting gatorinla
Those at 1461 area could support some. Start closing below 1439 being below. Has already beat those. The first light support at 1458. Nothing will drop w/o that first step. The first step is a light support. atm 1477 was the best spot. If/when it drops to 1460 some will start shorting. Right into 1458 support. The same with 1447 and 1439..
see 1458 was a bad spot to short.
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those who can, do. those who cant, talk about those who can
  • #94,374
  • Jan 13, 2022 4:27am Jan 13, 2022 4:27am
Quoting Mitiblotch
{quote} Bears have been defeated. Yesterday the pivot was missed. Today price didn't even get near the pivot. Bulls are in a hurry. Shorts seem to be worthless.
i can't argue with that. When playing ping pong. You hit the return at 1477. To return the ball to net at 1331.
those who can, do. those who cant, talk about those who can
  • #94,375
  • Jan 13, 2022 4:29am Jan 13, 2022 4:29am
The first thing a bear may try is a close below 1458/
those who can, do. those who cant, talk about those who can
  • #94,376
  • Jan 13, 2022 4:35am Jan 13, 2022 4:35am
these may be good for scalping.. The 12h closed. So I cant put a lot of hope in 1439. But you never know. If 1477 was to hold. ADR toward the bottom at 1409.
The larger S 1447 and 1439.. Some large closes below 1439 could be a real bear. But like i said. the 12h and day closed above. That's not indicative of a drop. I dont know how strong 1477 is. I do think 1339 is. So it should have some pull.

If you want to play ping pong. Hold the 1477 short til 1333. Place stop at 1478+spread.
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those who can, do. those who cant, talk about those who can
  • #94,377
  • Jan 13, 2022 4:51am Jan 13, 2022 4:51am
update.. 1456 is a light support also.. bears need 1456 and 1458. both are supportive.
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those who can, do. those who cant, talk about those who can
  • #94,378
  • Jan 13, 2022 7:26am Jan 13, 2022 7:26am
Quoting Mitiblotch
{quote} Got in a short at 1470. Not with my usual method, but I'll be glad if it doesn't touch 1480. That would mean 1480 is being protected. See if I get today's pivot at least sitting at 1416 or so.
Out of this 1470 short with just 8pips profit. I think bears will be hurt more. Already equal top at 1480 area, which will usually get taken out. Let them just hit 15xx area. Friday might be the correction day.
  • #94,379
  • Jan 13, 2022 8:52am Jan 13, 2022 8:52am
Quoting gatorinla
update.. 1456 is a light support also.. bears need 1456 and 1458. both are supportive. {image}
not much from bears. If it can pass 1483 and 1492, i would look for 1550. I thought these would be strong, enough to produce a drop deeper than 1456... I thought at least 1447 or 1439.

1550 may be similar to 1477's R.

The fat lady hasn't song yet. About 1483 or 1492. But she is warming up. It ain't over till its over.
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those who can, do. those who cant, talk about those who can
  • #94,380
  • Jan 13, 2022 8:59am Jan 13, 2022 8:59am
1.1513 could be also a top to test the last break out down.
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