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The Swamp

  • #101,221
  • Jun 2, 2022 1:25pm Jun 2, 2022 1:25pm
Quoting gatorinla
Candle wise. The usd downtrend looks strong. It is hitting some support. But Its a coin flip to say what's next. It can hit the recent low and deeper. 3 black crows trending down. On a forth atm 4h. https://www.youtube.com/watch?v=PHPt1CZxwsg {image}
The 4h euro is sloppy looking comparable.
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those who can, do. those who cant, talk about those who can
  • #101,222
  • Jun 2, 2022 1:50pm Jun 2, 2022 1:50pm
Quoting gatorinla
{quote} The 4h euro is sloppy looking comparable. {image}
6h will close with the day 5est. If it closed here. That wont look bearish. It puts pressures to run higher. Even with a good NFP be mindful of this. If it bounces. A new day close up here would be a higher day close.

Some R close wise may be found at 0835.5. That's a major level. The day and 6h is open. A test of the highs isn't written in stone just yet. But it does look bullish atm. I think bulls do need the larger closes like a week above 0767 and 0642. 0642 had a big rejection yesterday.

The usdx already looks bearish. If the euro closes bullish it deserves respect.
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those who can, do. those who cant, talk about those who can
  • #101,223
  • Jun 2, 2022 2:02pm Jun 2, 2022 2:02pm
Quoting Boulder
{quote} I am shorting Eur .. feel more confident if bears can start to take M5 at 0734 at the least.. its over extended trend...
Finally bears woke up and started to take back M5...
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  • #101,224
  • Jun 2, 2022 2:43pm Jun 2, 2022 2:43pm
yuck
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  • #101,225
  • Jun 2, 2022 2:47pm Jun 2, 2022 2:47pm
Quoting Boulder
yuck {image}
mmmmm mulberries
those who can, do. those who cant, talk about those who can
  • #101,226
  • Edited 3:08pm Jun 2, 2022 2:47pm | Edited 3:08pm
Quoting gatorinla
{quote} 6h will close with the day 5est. If it closed here. That wont look bearish. It puts pressures to run higher. Even with a good NFP be mindful of this. If it bounces. A new day close up here would be a higher day close. Some R close wise may be found at 0835.5. That's a major level. The day and 6h is open. A test of the highs isn't written in stone just yet. But it does look bullish atm. I think bulls do need the larger closes like a week above 0767 and 0642. 0642 had a big rejection yesterday. The usdx already looks bearish. If the euro closes...
I'm bullish in long term and bearish in mid term. Bullish because my daily chart turned bullish after it closed above 0773 on Monday. It's rejecting from 5 years low on monthly. Bearish because I have a confirmed pattern indicating at least 50% fib retrace from 1.0349 low to 1.0786 high may happen. It's around 1.0570.
Fundamentals are against eu strength, but technically I see some powerful attraction to 1.138x. it's more than 600 pips higher. It's very soon to say such bullshits, but It's not far from reality based on my long term charts studies. Meanwhile fundies are unchanged, eu could drop deeper and deeper. I may be wrong.
Trade to enjoy... Money is after!
  • #101,227
  • Jun 2, 2022 3:36pm Jun 2, 2022 3:36pm
Kakaya Russia...Ukrainian troops blow up Russian tanks one-by-one in Donbas...
Inserted Video
I am who I am
  • #101,228
  • Jun 2, 2022 3:50pm Jun 2, 2022 3:50pm
Quoting saninvestor
{quote} I'm bullish in long term and bearish in mid term. Bullish because my daily chart turned bullish after it closed above 0773 on Monday. It's rejecting from 5 years low on monthly. Bearish because I have a confirmed pattern indicating at least 50% fib retrace from 1.0349 low to 1.0786 high may happen. It's around 1.0570. Fundamentals are against eu strength, but technically I see some powerful attraction to 1.138x. it's more than 600 pips higher. It's very soon to say such bullshits, but It's not far from reality based on my long term charts...
I think 0835.5 is the big one. And depending on broker 0506.8 or 0520.4 June is a Q close. or 1/2 year close. I think a big close is needed. A q close may not be big enough. Fundi wise the fed will shrink, pullback $. The deficit has shrunk. Employment is good. Inflation high. 0835.5 wasn't tested from below yet. If its slapped back below 0767 with large closes. That would be a sign to me. With this disclaimer concerning 0835. If it closes Q as a hammer candle near 0835, its going to look like a bullish hammer on the quarter. To be bearish it needs to close June below 0835 and probably below 0837 (1/3). Its likely going to screw me, and close somewhere where its confusing. If it would close June below 0506, that's a 1/2 yr close. If its below 0506 that should be less confusion. Above 0835 should be less confusing. Atm its between 0835 and 0506/20. Its between 0742 and 0767. June has 28 days to go though the entire spectrum. 0670/77 is between those 2 big ones.
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those who can, do. those who cant, talk about those who can
  • #101,229
  • Jun 2, 2022 3:59pm Jun 2, 2022 3:59pm
Quoting gatorinla
{quote} I think 0835.5 is the big one. And depending on broker 0506.8 or 0520.4 June is a Q close. or 1/2 year close. I think a big close is needed. A q close may not be big enough. Fundi wise the fed will shrink, pullback $. The deficit has shrunk. Employment is good. Inflation high. 0835.5 wasn't tested from below yet. If its slapped back below 0767 with large closes. That would be a sign to me. With this disclaimer concerning 0835. If it closes Q as a hammer candle near 0835, its going to look like a bullish hammer on the quarter. To be bearish...
A 6 month candle closing below 0606 and 0620 could be 3 black crows. A very bearish indication. It just depends on June close. Plus a b/o close. If bulls cant take 0835, hold with closes above. The fundi's will weigh on it each day. The swap for longs sucks.
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those who can, do. those who cant, talk about those who can
  • #101,230
  • Jun 2, 2022 4:07pm Jun 2, 2022 4:07pm
Quoting gatorinla
{quote} 6h will close with the day 5est. If it closed here. That wont look bearish. It puts pressures to run higher. Even with a good NFP be mindful of this. If it bounces. A new day close up here would be a higher day close. Some R close wise may be found at 0835.5. That's a major level. The day and 6h is open. A test of the highs isn't written in stone just yet. But it does look bullish atm. I think bulls do need the larger closes like a week above 0767 and 0642. 0642 had a big rejection yesterday. The usdx already looks bearish. If the euro closes...
It did close bullish. I look to buy a pullback. Maybe as low as 0642.. 88.. Maybe after a NFP drop. odds for a retest of 078x are higher, odds for bulls are higher. possible R 0835.5
those who can, do. those who cant, talk about those who can
  • #101,231
  • Jun 2, 2022 7:47pm Jun 2, 2022 7:47pm
Quoting saninvestor
{quote} Added 0747
Added 1.0760
Last one. Will wait
Trade to enjoy... Money is after!
  • #101,232
  • Jun 2, 2022 8:05pm Jun 2, 2022 8:05pm
Quoting saninvestor
{quote} Added 1.0760 Last one. Will wait
Another asian bounce with lots of divergence in lower time frames. We will see some correction around here.
Trade to enjoy... Money is after!
  • #101,233
  • Jun 3, 2022 4:01am Jun 3, 2022 4:01am
Quoting saninvestor
{quote} Added 1.0760 Last one. Will wait
Sometimes, your damned if you do, damned if you don't. NFP at times pumps. It leaves those 6h bullish candles like yesterday. Those candles may make things you saw earlier be in doubt. Because both are opposite. This is one of those cases. Earlier this week price went to 0787. I have a week R at 0786/89. Also 0767 is a decent R. All those smaller bullish candles including yesterday's day. Closed below 0767 and 0786. I figure today's close has to be above 0786 and 0767. And it that happens price can test 0835.5 and 1846.9 R. But if bulls are unable to get to 0767 0786. The rest wont matter. Fundi/tech wise, price needs to run up. If not price will find itself back below 0642 again. Possible closing below 0568 and back to retest 0520/06
those who can, do. those who cant, talk about those who can
  • #101,234
  • Jun 3, 2022 4:05am Jun 3, 2022 4:05am
Gold started retrace.. watch H1 at 1863 area to see..
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  • #101,235
  • Jun 3, 2022 4:09am Jun 3, 2022 4:09am
Eur .. watch H4 downtrend stop per sys I to see bears can hold.....H4 downtrend is fresh trend..
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  • #101,236
  • Jun 3, 2022 4:10am Jun 3, 2022 4:10am
Quoting gatorinla
{quote} It did close bullish. I look to buy a pullback. Maybe as low as 0642.. 88.. Maybe after a NFP drop. odds for a retest of 078x are higher, odds for bulls are higher. possible R 0835.5
I think bulls need to start week closes above 0786 to run. Today's end is a week close.
those who can, do. those who cant, talk about those who can
  • #101,237
  • Jun 3, 2022 4:14am Jun 3, 2022 4:14am
fyi
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  • #101,238
  • Jun 3, 2022 4:23am Jun 3, 2022 4:23am
Quoting Boulder
fyi {image}
watch for the magnetic pull/...
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  • #101,239
  • Jun 3, 2022 4:23am Jun 3, 2022 4:23am
EU did over 100 pips yesterday from bottom to top and cannot even make a 30 pips correction? Hehehe... my shorts 0742, 0740 and 0721 all under water. Once we get 0720 I'll jump out. I forgot there was a reason I haven't traded this pair in a long time. GU has been bread and butter for me.
  • #101,240
  • Jun 3, 2022 4:41am Jun 3, 2022 4:41am
Quoting Boulder
fyi {image}
0734 and 0707 seems to be s/r. They are supports now. Getting below them with closes on the 1h to start could be indicative of a drop. inability to close below is good for bulls. Inability to close above 0767 and 0768 is good for bears. 0767 and 0786 are larger/stronger. They require larger timeframes. All depends on NFP.. Don't read much into what we see atm. All can change.
those who can, do. those who cant, talk about those who can
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