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The Swamp

  • #100,781
  • May 19, 2022 5:08pm May 19, 2022 5:08pm
Channel me not let 0642 happen for another 8+ hrs from now.
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those who can, do. those who cant, talk about those who can
  • #100,782
  • May 19, 2022 5:30pm May 19, 2022 5:30pm
Quoting gatorinla
{quote} Gold closes below 1847.12 lean bearish to me. {image}
gold 1h closes below 1841.9 lean bearish, but bears need pa below 1839.47. (I said 1h, but one can use whatever time they like) The smaller times are earlier, but may be less accurate.
those who can, do. those who cant, talk about those who can
  • #100,783
  • May 19, 2022 5:34pm May 19, 2022 5:34pm
Quoting gatorinla
{quote} gold 1h closes below 1841.9 lean bearish, but bears need pa below 1839.47. (I said 1h, but one can use whatever time they like) The smaller times are earlier, but may be less accurate.
Inserted Video

4h chart possible shooting star.
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those who can, do. those who cant, talk about those who can
  • #100,784
  • May 19, 2022 6:50pm May 19, 2022 6:50pm
Quoting saninvestor
{quote} I got reversal confirmation on M5. It could be started. Btw I have also 0640 pending.
My 12h turns bullish at a 0588+ close. Up here the week engulfs last week. I would like to see a quick wick to 0642. Followed by a close below 0506. I will have to think about longing or being more neutral if the closes continue. My 8h and under are already bullish. My day sits at 0689. So if 0642/51/68 cant hold the closes below 0689 next and probably 0767. If its to be bearish, A large drop move would not surprize me. (tomorrow in the next 21 hs)

It may not be a good day to add to losing shorts. If pa is not cooperating.

0642 to me is normal. That 12h could stop it from getting there still.
those who can, do. those who cant, talk about those who can
  • #100,785
  • May 19, 2022 7:45pm May 19, 2022 7:45pm
Times are tuff. Retired German Chancellor Angela Merkel is doing toenail infection commercials.

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This could be her twin.
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those who can, do. those who cant, talk about those who can
  • #100,786
  • May 19, 2022 7:46pm May 19, 2022 7:46pm
Quoting gatorinla
{quote} My 12h turns bullish at a 0588+ close. Up here the week engulfs last week. I would like to see a quick wick to 0642. Followed by a close below 0506. I will have to think about longing or being more neutral if the closes continue. My 8h and under are already bullish. My day sits at 0689. So if 0642/51/68 cant hold the closes below 0689 next and probably 0767. If its to be bearish, A large drop move would not surprize me. (tomorrow in the next 21 hs) It may not be a good day to add to losing shorts. If pa is not cooperating. 0642 to me is...
It may bounce some at 1.0568/65. I need more trustable closes below.
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  • #100,787
  • May 19, 2022 8:06pm May 19, 2022 8:06pm
Quoting saninvestor
{quote} It may bounce some at 1.0568/65. I need more trustable closes below.
Yeah, i knew the path i wanted. But now it turns the week to engulf. Plus it took so long to do it. It now has made the 8h and below bullish. So i have to be a bit more cautious. Just in case 0767 it attracting pa. I figured it would go to 0642 because its normal. I didn't figure on the 12h stopping it. Thats a scenario. I figured as long as it cant close below 0556, it would have to go north. The same with 0642 closing.
those who can, do. those who cant, talk about those who can
  • #100,788
  • May 19, 2022 8:10pm May 19, 2022 8:10pm
Quoting saninvestor
{quote} It may bounce some at 1.0568/65. I need more trustable closes below.
Closing below 0555 and I will have more chance to take the money and run at 0525. First it need to pass 0568/65
Trade to enjoy... Money is after!
  • #100,789
  • May 19, 2022 8:13pm May 19, 2022 8:13pm
Quoting gatorinla
{quote} Yeah, i knew the path i wanted. But now it turns the week to engulf. Plus it took so long to do it. It now has made the 8h and below bullish. So i have to be a bit more cautious. Just in case 0767 it attracting pa. I figured it would go to 0642 because its normal. I didn't figure on the 12h stopping it. Thats a scenario. I figured as long as it cant close below 0556, it would have to go north. The same with 0642 closing.
Yeah. I will follow pa closely and will try to stay not very bearish. Thanks
Trade to enjoy... Money is after!
  • #100,790
  • May 19, 2022 8:14pm May 19, 2022 8:14pm
Quoting saninvestor
{quote} It may bounce some at 1.0568/65. I need more trustable closes below.
Anyway if 0642 fails to hold R (closes), my second choice is 0767. The IHS would develop. But probably still bearish after the bounces. The normal touch of 0642 followed by a drop is what I was playing.

Gold dropping
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those who can, do. those who cant, talk about those who can
  • #100,791
  • May 19, 2022 8:20pm May 19, 2022 8:20pm
Quoting gatorinla
{quote} gold 1h closes below 1841.9 lean bearish, but bears need pa below 1839.47. (I said 1h, but one can use whatever time they like) The smaller times are earlier, but may be less accurate.
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those who can, do. those who cant, talk about those who can
  • #100,792
  • May 19, 2022 9:13pm May 19, 2022 9:13pm
Quoting saninvestor
{quote} Closing below 0555 and I will have more chance to take the money and run at 0525. First it need to pass 0568/65
Challenging
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  • #100,793
  • May 19, 2022 11:07pm May 19, 2022 11:07pm
Quoting saninvestor
{quote} Challenging
0556 need closes below for bears. Its s/r. its on the bull side. 0642 or 0495

In the sequence. 0457 0506.8 0556 0606.8 Next 0656 ish. That should cover 0642.
those who can, do. those who cant, talk about those who can
  • #100,794
  • May 20, 2022 12:45am May 20, 2022 12:45am
USD reaaly weak
E/U tested 560 R now S - i think we can see 800
Gold 1851 - above 1880 - but also change in trend

maybe they reversed today if not. . i think we go lower on USD

not sure how this can be good for inflation - oil, gas already higher.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,795
  • May 20, 2022 12:58am May 20, 2022 12:58am
Quoting saninvestor
{quote} Challenging
If the 12h closes above 0588. I may be less aggressive with shorts. A 12h close above 0588 makes my 12h bullish, My day sits at 0686.7. I can still play 0642 short with the right close. But I may have to consider longs higher.. I guess it all depends on how high it goes after 0642 (if) I still have no guarantee 0588 12h will be closed above. But if it does, the day 0689 and 0767 odds increase some. I guess a lot depends on 0642 slap down closes, or not.

No denying pa is more bullish now, than last week. Need to treat 0642 closes like 0556 closes... Whatever side the close is on is the direction.
those who can, do. those who cant, talk about those who can
  • #100,796
  • May 20, 2022 1:56am May 20, 2022 1:56am
Quoting DMA Trader
USD reaaly weak E/U tested 560 R now S - i think we can see 800 Gold 1851 - above 1880 - but also change in trend maybe they reversed today if not. . i think we go lower on USD not sure how this can be good for inflation - oil, gas already higher.
short term difficult
some buyers for USD on the short term

Gold acting better but did not close my daily above 1852 -
but if we do today i think we can run to 1880

atm i think the move is logical. i mean are we stoping inflaton ? because gold is trading like inflation has peaked.

i can;t believe we are peaking if we keep making higher highs on gas and maybe even oil
wages are about to go up


on the SPX - i would say cash level of 3920 is key on the very short term that is 31350 ok DJI -
below downtrend resumes, above we get todays hig resistance of 31500 area - SPX 3940
this are cash levels not the futs.

if we go can't break resistance i think we will see new lows on indexes. there are buyers on the lows for a lot of companies. but everyone is buying small so if prices go lower they buy more

buffett bought a lot of stocks in this months. usually he waits more i think he is comparing it to 2008 but market bottom in 2009 - so he was down big before market rebounded
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,797
  • May 20, 2022 2:00am May 20, 2022 2:00am
Just woke up and see my stop hit at 0575. I took 25 pips of the correction.
Better to wait more.
I have 0640 pending.
Trade to enjoy... Money is after!
  • #100,798
  • May 20, 2022 2:17am May 20, 2022 2:17am
Quoting saninvestor
Just woke up and see my stop hit at 0575. I took 25 pips of the correction. Better to wait more. I have 0640 pending.
570 i would say it's a S very important to hold for EUR bulls below is 540 - this one maybe impossible to break today
or close below but of course anything can happen.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,799
  • May 20, 2022 2:34am May 20, 2022 2:34am
Quoting DMA Trader
{quote} 570 i would say it's a S very important to hold for EUR bulls below is 540 - this one maybe impossible to break today or close below but of course anything can happen.
Yes. actually mine is 0555 and gator's is 0556. this area is tough.
Trade to enjoy... Money is after!
  • #100,800
  • May 20, 2022 4:04am May 20, 2022 4:04am
Went long some 0572. Rejecting from support.
Trade to enjoy... Money is after!
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