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The Swamp

  • #100,641
  • May 16, 2022 7:10am May 16, 2022 7:10am
Quoting Boulder
{quote} I have been shorting gold bounces all morning and made some $
very good.
i admire you all can short gold here.
1765 area a buy ?

but even long term charts are broken if we break that area.

so no inflation ? FED manage a slow down ? can't get it
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,642
  • May 16, 2022 7:14am May 16, 2022 7:14am
so far EUR can't break 840 but neither can 800

all other pairs are at "inflection" point - i hate this term
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,643
  • May 16, 2022 7:15am May 16, 2022 7:15am
dow jones is simple

we either have seen the bottom
or we all know it's a bear market rally that can go higher ? how high ? until bottom is confirmed and we are in a bull market again

and for this information on line you will have to pay money
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,644
  • May 16, 2022 7:24am May 16, 2022 7:24am
Quoting DMA Trader
{quote} very good. i admire you all can short gold here. 1765 area a buy ? but even long term charts are broken if we break that area. so no inflation ? FED manage a slow down ? can't get it
All my trades are short term scalp. as long as 1815 can hold, I will keep shorting gold ,
I have been shorting Eur and gold this morning and long US30..
Booked all Eur shorts and gold shorts so far.. now waiting..
I don't scalp US30 often, I prefer to hold it since it seldom retrace like Eur or gold...
  • #100,645
  • Edited 7:51am May 16, 2022 7:33am | Edited 7:51am
US30, if support holds.. it may come to test H4 32490s area..
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  • #100,646
  • May 16, 2022 8:14am May 16, 2022 8:14am
Quoting Boulder
{quote} All my trades are short term scalp. as long as 1815 can hold, I will keep shorting gold , I have been shorting Eur and gold this morning and long US30.. Booked all Eur shorts and gold shorts so far.. now waiting.. I don't scalp US30 often, I prefer to hold it since it seldom retrace like Eur or gold...
very glad for you
i am not doing much. I've open some are on loss.
open others went on loss so i am waiting

i have the feeling that we may stay in a range until things look a little clearer
so getting in and out will just make me take losses

want to see how US trades today - friday opex bot some risk -

meantime i see eur still at the higher range of 440

all of them trades more or less the same - AUD,NZD,GBp
CHF weaker - and CAD already making lower highs and lower lows on short term frame

SPX can trade near 4150 area i guess that's a DowJ about 32700
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,647
  • May 16, 2022 8:24am May 16, 2022 8:24am
With copper inventories falling. And that b/o to the downside on copper. This should be watched, Because if copper prices does drop further. The stock markets will probably have the drop more than 20% off the highs. Its not that the price is dropping alone. The inventories are showing the copper demand is weakening. A price drop, with less demand. Points to a world slowdown. The price has ticked up slightly this week. But last week still closed red after the b/o. If the world slows down. With a FED tightening of the usd. U.S. equity's markets have room to fall. At least copper and silver have industrial uses. Gold on the other hand. Jewelry, electronics some investment portfolios. Its used as a hedge on inflation. Well inflation is rising, and gold is dropping. Maybe in September Asia will buy gold for the annual demand. Maybe not, if food is higher priced and short supply. September, skip October, Nov and Dec may have some Asia demand. Looking at copper, it may be next year or later. That drop may put some off the hedged gold on the market.
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those who can, do. those who cant, talk about those who can
  • #100,648
  • May 16, 2022 8:55am May 16, 2022 8:55am
Quoting gatorinla
With copper inventories falling. And that b/o to the downside on copper. This should be watched, Because if copper prices does drop further. The stock markets will probably have the drop more than 20% off the highs. Its not that the price is dropping alone. The inventories are showing the copper demand is weakening. A price drop, with less demand. Points to a world slowdown. The price has ticked up slightly this week. But last week still closed red after the b/o. If the world slows down. With a FED tightening of the usd. U.S. equity's markets have...
Money leaving gold (metals) is going somewhere. Oil and wheat looks like the place.
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those who can, do. those who cant, talk about those who can
  • #100,649
  • May 16, 2022 9:05am May 16, 2022 9:05am
Eur so weak, every bounce is a sale...its coming to some support...
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  • #100,650
  • May 16, 2022 9:22am May 16, 2022 9:22am
Did any one see the last news to read?
  • #100,651
  • May 16, 2022 9:53am May 16, 2022 9:53am
Quoting Enagy
Did any one see the last news to read?
Which one? There are thousands
those who can, do. those who cant, talk about those who can
  • #100,652
  • May 16, 2022 9:57am May 16, 2022 9:57am
GBP monitoring report hearing
  • #100,653
  • May 16, 2022 9:58am May 16, 2022 9:58am
Quoting Boulder
Eur so weak, every bounce is a sale...its coming to some support... {image}
need a vacation with fresh mullberries.
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those who can, do. those who cant, talk about those who can
  • #100,654
  • May 16, 2022 9:59am May 16, 2022 9:59am
Quoting Enagy
GBP monitoring report hearing
post it.. A bounce would be a welcome sell later.

https://www.fxstreet.com/news/gbp-us...k-202205161322

https://www.fxempire.com/currencies/gbp-usd
those who can, do. those who cant, talk about those who can
  • #100,655
  • May 16, 2022 10:08am May 16, 2022 10:08am
Quoting Boulder
Eur so weak, every bounce is a sale...its coming to some support... {image}
You get these regular.
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those who can, do. those who cant, talk about those who can
  • #100,656
  • May 16, 2022 10:30am May 16, 2022 10:30am
i am super bored
earnings are done

choppy trading - summer is coming

eur/usd short bewlo 400 be like

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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,657
  • May 16, 2022 11:10am May 16, 2022 11:10am
all this talk about shorting..
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  • #100,658
  • May 16, 2022 4:48pm May 16, 2022 4:48pm
Quoting gatorinla
{quote} The stuff about Russia/Ukraine and wheat could be seen by Ray Charles. The affect on gold concerning India and China to me was not science fiction. I did place a long at 1826 and 1828. I thought it would bounce there. The break there was significant. But it still needs a larger close below. So the potential for a gold bounce is real. How high? Or will it bounce? I dont know. But if it does, the R at and above 1828/.77/88 needs to be monitored. It may linger in the 1826/28 area. 1858.6 area may be a short. I will look for something there....
Gold. I was away. But looking now, here and higher. 1926 28 are a R on this side.
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those who can, do. those who cant, talk about those who can
  • #100,659
  • Edited 10:07pm May 16, 2022 8:54pm | Edited 10:07pm
possible sweet spot on the eu soon.. 0495.x looks normal. Some R near it with a tl.. There is some other possible R at 0497 and/or 0506.8. This area may be a high. If not this time. At some point it should be a R. I have others higher on this chart. But since 0494 is below 0506.8. I have to see it as the possible high. Area for large closes. Together with the others. It could be a significant area. It should be monitored

Edit Typo. changed 0594 to 0494
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those who can, do. those who cant, talk about those who can
  • #100,660
  • May 17, 2022 1:23am May 17, 2022 1:23am
Quoting gatorinla
possible sweet spot on the eu soon.. 0495.x looks normal. Some R near it with a tl.. There is some other possible R at 0497 and/or 0506.8. This area may be a high. If not this time. At some point it should be a R. I have others higher on this chart. But since 0494 is below 0506.8. I have to see it as the possible high. Area for large closes. Together with the others. It could be a significant area. It should be monitored Edit Typo. changed 0594 to 0494 {image}
we finnaly broke 440 - looking for long setups as long as 440 acts like a support
pretty much the same move everywhere

JPY still weak also a play
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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