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The Swamp

  • #100,801
  • May 20, 2022 4:54am May 20, 2022 4:54am
Quoting saninvestor
Went long some 0572. Rejecting from support.
I set two targets for longs. 1.0604 and 1.0640.
Trade to enjoy... Money is after!
  • #100,802
  • May 20, 2022 5:44am May 20, 2022 5:44am
we all see the same things - it's easy to interpret
the problem is - shorts are risky - longs are also imo
and it's also friday

China move of cutting interest rate gave some hope into risk markets.
So we are ending 7 weeks of consecutive losses in the US Markets. close to historic record. 1st time in 20 years for sure
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,803
  • May 20, 2022 6:11am May 20, 2022 6:11am
Kakaya Russia...Russian column destroyed by Ukrainian forces in Kharkiv...
Inserted Video
I am who I am
  • #100,804
  • May 20, 2022 7:02am May 20, 2022 7:02am
Quoting saninvestor
{quote} I set two targets for longs. 1.0604 and 1.0640.
Closing H1 below 0555/6 and I will close longs.
Trade to enjoy... Money is after!
  • #100,805
  • May 20, 2022 7:33am May 20, 2022 7:33am
Quoting gatorinla
{quote} 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...
The 12h close was below 0588. (bear side). My usdx 12h is also on the bear side. These 2 are opposite. They conflict.

My days are still in agreement. My days have the eu as bearish -0689/ day USDX bullish above 102.31.

The eu would have room to get to 0642 and drop. It would have room to rise closer to 0689 and close below it on the day. It could drop after, and still be bearish on the day. So if it does make 0641/42 51 68, It still needs to maintain closed above 0642 to me. That dont mean it wont close a day above 0642, then come back a day or so later. The 0642 level will work a while. If your not confused, than your not getting it. The pair is on the edge of either direction.

Scalpers should be doing ok.
those who can, do. those who cant, talk about those who can
  • #100,806
  • May 20, 2022 7:33am May 20, 2022 7:33am
don't think it's a trend day today
also opex for Markets

so while levels are Cleary we are breaking them in and out
i haven't made 50 euro today gaining some loosing all back on this moves so so far nothing
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,807
  • May 20, 2022 7:54am May 20, 2022 7:54am
Quoting gatorinla
{quote} The 12h close was below 0588. (bear side). My usdx 12h is also on the bear side. These 2 are opposite. They conflict. My days are still in agreement. My days have the eu as bearish -0689/ day USDX bullish above 102.31. The eu would have room to get to 0642 and drop. It would have room to rise closer to 0689 and close below it on the day. It could drop after, and still be bearish on the day. So if it does make 0641/42 51 68, It still needs to maintain closed above 0642 to me. That dont mean it wont close a day above 0642, then come back a...
are we there yet ?
finally moving ?? or another dumb move ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,808
  • May 20, 2022 7:55am May 20, 2022 7:55am
Quoting saninvestor
{quote} Yes. actually mine is 0555 and gator's is 0556. this area is tough.
Yeah support there (0556 bull side), and 12 R close below 0588 (bear side close -0688). I usually go with the predominant trend. But in this case the attraction to 0642 is not satisfied. The USDX 12h favors 0642 or higher. If the week closes in this area today. It will engulf last week. PA didn't beat last week's low. I think pressure to rise off the multiyear low is pressing it higher. At the same time its not strong enough for a large up move. Its fighting with the pressure to drop. Neither having the upper hand here. Tug of war. She may range 0556/0642 area. At least till she breaks.

Last week the 0558 screwed me with closes above. Then giving up a candle later. That can happen again.
those who can, do. those who cant, talk about those who can
  • #100,809
  • May 20, 2022 8:02am May 20, 2022 8:02am
Quoting DMA Trader
{quote} are we there yet ? finally moving ?? or another dumb move ?
Between levels. No need to fight it. Trade the small range. 4h just closed between 0556/88+
those who can, do. those who cant, talk about those who can
  • #100,810
  • May 20, 2022 8:14am May 20, 2022 8:14am
Quoting gatorinla
{quote} Between levels. No need to fight it. Trade the small range. 4h just closed between 0556/88+
yeah total disaster today.
loosing money while price is at the same place as 30 hours ago
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,811
  • May 20, 2022 8:24am May 20, 2022 8:24am
Quoting DMA Trader
{quote} yeah total disaster today. loosing money while price is at the same place as 30 hours ago
med term. Yeah, trend traders can get screwed here. i think the place to buy for trend was 0457 ish. Tp 0642+. Now 0556 tp 0642.. Take the loss if support breaks.

Sell the rises in the larger trend. But be mindful the rise can be 350/500 pips. 0556 may be the mid point.
those who can, do. those who cant, talk about those who can
  • #100,812
  • May 20, 2022 9:15am May 20, 2022 9:15am
Quoting gatorinla
{quote} med term. Yeah, trend traders can get screwed here. i think the place to buy for trend was 0457 ish. Tp 0642+. Now 0556 tp 0642.. Take the loss if support breaks. Sell the rises in the larger trend. But be mindful the rise can be 350/500 pips. 0556 may be the mid point.
12h couldn't take 0588. 0556 support may be lost. It took my last long s/l.

15 min just closed below 0556. possible short near 0556.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 2 KB
those who can, do. those who cant, talk about those who can
  • #100,813
  • May 20, 2022 9:34am May 20, 2022 9:34am
Quoting gatorinla
{quote} 12h couldn't take 0588. 0556 support may be lost. It took my last long s/l. 15 min just closed below 0556. possible short near 0556. {image}
and now up.
duckery friday - why do I even show up
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #100,814
  • May 20, 2022 9:35am May 20, 2022 9:35am
Quoting gatorinla
{quote} 12h couldn't take 0588. 0556 support may be lost. It took my last long s/l. 15 min just closed below 0556. possible short near 0556. {image}
Still holding the longs since H1 still holding. I had little so I can wait for close.
Trade to enjoy... Money is after!
  • #100,815
  • May 20, 2022 9:46am May 20, 2022 9:46am
Quoting DMA Trader
{quote} and now up. duckery friday - why do I even show up
She may still drop to 0534. It may be a buy there in the area. But you want the 1h close above 0540. It may be attracted to 0534. If not in, and want to long. It may be best to wait for 0534.. It may be a light tp also. 0534 or 0569 next.
those who can, do. those who cant, talk about those who can
  • #100,816
  • May 20, 2022 9:56am May 20, 2022 9:56am
Quoting gatorinla
{quote} She may still drop to 0534. It may be a buy there in the area. But you want the 1h close above 0540. It may be attracted to 0534. If not in, and want to long. It may be best to wait for 0534.. It may be a light tp also. 0534 or 0569 next.
A step above the above post. 12h was unable to take 0588 with close. 4h was unable to close above 0581. 0534 is a smaller retrace, Using this info in this post 0512 may be the better long or short tp. (add spread.) See if the h closes below 0556. That would be best for a short.
those who can, do. those who cant, talk about those who can
  • #100,817
  • May 20, 2022 10:09am May 20, 2022 10:09am
Quoting gatorinla
{quote} A step above the above post. 12h was unable to take 0588 with close. 4h was unable to close above 0581. 0534 is a smaller retrace, Using this info in this post 0512 may be the better long or short tp. (add spread.) See if the h closes below 0556. That would be best for a short.
My broker close H1 is 05565. It looks like above.
Trade to enjoy... Money is after!
  • #100,818
  • May 20, 2022 10:11am May 20, 2022 10:11am
Quoting gatorinla
{quote} A step above the above post. 12h was unable to take 0588 with close. 4h was unable to close above 0581. 0534 is a smaller retrace, Using this info in this post 0512 may be the better long or short tp. (add spread.) See if the h closes below 0556. That would be best for a short.
If this drop occurs some support at 0506.8, 0495. If it can break and close below 0495, longs would be in trouble. 0457 would likely be retested. Closing below 0457 points to a test of the lows 0384 may be 4h support there. A 4h close below has a shot at a new low. (1h 0574) (15 min 0363)
those who can, do. those who cant, talk about those who can
  • #100,819
  • May 20, 2022 10:17am May 20, 2022 10:17am
Quoting saninvestor
{quote} My broker close H1 is 05565. It looks like above.
my close 0556.6 close. Bears needed -0556.7. Bears got it.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 5 KB
those who can, do. those who cant, talk about those who can
  • #100,820
  • May 20, 2022 10:22am May 20, 2022 10:22am
Quoting gatorinla
{quote} my close 0556.6 close. Bears needed -0556.7. Bears got it. {image}
Ok. I took the loss. 19 pips lost. Flat on eu.
Trade to enjoy... Money is after!
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