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  • #101,321
  • Jun 7, 2022 3:29pm Jun 7, 2022 3:29pm
Quoting Traderak
{quote} little OBO
It looks like COT bought in the 0642+- area, and sold 076x/86. between sits 0705 ish
those who can, do. those who cant, talk about those who can
  • #101,322
  • Jun 7, 2022 6:36pm Jun 7, 2022 6:36pm
discretionary crap to be deeply discounted. Who would of thunk.
https://www.startribune.com/target-w...mer/600179915/
those who can, do. those who cant, talk about those who can
  • #101,323
  • Jun 8, 2022 4:06am Jun 8, 2022 4:06am
Quoting gatorinla
{quote} The last 3 times at or near 0642 eu was bought with a strong bounce. The past 2 Wedsday it dropped and reversed in a kneejerk move 140 pips. It dropped first and reversed at LC. {image} {image}
Today is Wednesday. Hs or just before Lc has been the low. Price has bounced near to the minute around LC. It may do that today later again. I see one thing that has changed since those other weeks on the day. It may mean nothing. But if this time price makes a low below 0627 that will be 2 things. Not anything to bank on atm. Those 2 things, plus a change I have on the week, Would give better odds that 0786 is the high. And price should drop deeper.

So if pa does make a low below 0627. It may fall. But in the past recent times it has bounced around LC. That bounce may not reach 0786. I may be wrong and a drop already started. That wouldn't make me wrong. Unless it broke 0786+. Anyway the new bounce may be unable to take 0714 again. A low below 0627 and the inability to make a new high is something to watch for. I said something changed on the week. That change is valid as long as 0786 remains the high this week. All that shifts lower next week,
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those who can, do. those who cant, talk about those who can
  • #101,324
  • Jun 8, 2022 4:14am Jun 8, 2022 4:14am
Quoting gatorinla
{quote} Today is Wednesday. Hs or just before Lc has been the low. Price has bounced near to the minute around LC. It may do that today later again. I see one thing that has changed since those other weeks on the day. It may mean nothing. But if this time price makes a low below 0627 that will be 2 things. Not anything to bank on atm. Those 2 things, plus a change I have on the week, Would give better odds that 0786 is the high. And price should drop deeper. So if pa does make a low below 0627. It may fall. But in the past recent times it has bounced around LC. That bounce may not reach 0786. I may be wrong and a drop already started. That wouldn't make me wrong. Unless it broke 0786+. Anyway the new bounce may be unable to take 0714 again. A low below 0627 and the inability to make a new high is something to watch for. I said something changed on the week. That change is valid as long as 0786 remains the high this week. All that shifts lower next week, {image}
[/quote]
Some confirmation may be closes below 0627. Take with a grain of salt. The blue LL are above 0627. If 0627 remains the low. This is crap. I see changes in the day and week, These were not there the past few weeks,
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those who can, do. those who cant, talk about those who can
  • #101,325
  • Jun 8, 2022 5:10am Jun 8, 2022 5:10am
Eur datapoints..watch H4 downtrend stops at 1.0750s
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  • #101,326
  • Jun 8, 2022 5:14am Jun 8, 2022 5:14am
ffyi
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  • #101,327
  • Jun 8, 2022 5:26am Jun 8, 2022 5:26am
price was in the blue circles Wedsday before a drop. Possible buy coming around LC. A buy may have trouble below 0627. Drops were more than 60 pips. Buys were greater.
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those who can, do. those who cant, talk about those who can
  • #101,328
  • Jun 8, 2022 5:34am Jun 8, 2022 5:34am
Quoting Boulder
ffyi {image}
The closest to 0642 is 0650. Maybe a buy in that 0650 zone,
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those who can, do. those who cant, talk about those who can
  • #101,329
  • Jun 8, 2022 6:04am Jun 8, 2022 6:04am
One 15 min pin.. Not too exciting.
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those who can, do. those who cant, talk about those who can
  • #101,330
  • Jun 8, 2022 6:17am Jun 8, 2022 6:17am
I thought i could get a short. if it don't happen soon around 0734. I may not.. Later I may be able to get that long. But I need the drop to do it.
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those who can, do. those who cant, talk about those who can
  • #101,331
  • Jun 8, 2022 7:04am Jun 8, 2022 7:04am
The 1h closed above 0734. Not a bearish sign for me. I don't think its finished I got some more R 0749/5x close
those who can, do. those who cant, talk about those who can
  • #101,332
  • Jun 8, 2022 7:34am Jun 8, 2022 7:34am
Quoting gatorinla
The 1h closed above 0734. Not a bearish sign for me. I don't think its finished I got some more R 0749/5x close
Go figure, just that fast I get a 30 min close below. Its 3h away from LC. I guess i should "expect the unexpected". next h close being a 4h is stronger.
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those who can, do. those who cant, talk about those who can
  • #101,333
  • Jun 8, 2022 7:51am Jun 8, 2022 7:51am
Erdogan is bringing a nation to the end.
His politics and economical solutions (!) devastated a nation of 80+ Million.
Imagine a country which has a 72% inflation - according to Government Statistics Institute (You go ahead and believe it, the actual inflation is around 300%) - and the interest rate is 14% - Yes you heard it right, he has been advocating to reduce the rates while whole world is increasing due to world inflation numbers..
What happened? Turkish Lira depreciated over 100% since last year September and over 500% since 2016.
Minimum wage is ca. 240 USD per month now, he once said Turkey will be the "New China" while offering cheap labor.
Turkey can not be China just because of cheap labor. China has its own technology and enormous resources. Besides world demand has shrunk due to Covid and increasing inflation. People of Europe tend to spend less when they see the economy is not doing as well as it used to, smart people..

His genius economical solutions has another impact on Central Bank..

The central bank of Turkey has a balance of -(Minus) 85 Bil USD at the moment and it is getting worse every single day. This is a country of 80 + Mil people.

Unless he takes the country to an urgent election and Turkey's long time allies don't intervene, the country is heading for bankruptcy. This will have also consequences in the region. Erdogan is getting more aggressive towards Greece and Syria to find a reason for a war and excuse for all the mess he caused.

There are still naive innocent people and it is easy to manipulate their nationalist feelings for local politics and election.

Just wanted to share with you what is happening on the other side of the world and let you know the inside story of Turkish Lira depreciation.
  • #101,334
  • Jun 8, 2022 8:28am Jun 8, 2022 8:28am
lol.. that is why I stay away from jpy pairs.. they are just nuts..
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  • #101,335
  • Jun 8, 2022 8:54am Jun 8, 2022 8:54am
lets see bears can hold 1.0754/8 at H4.. it getting close now..
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  • #101,336
  • Jun 8, 2022 8:59am Jun 8, 2022 8:59am
Quoting Connors
Erdogan is bringing a nation to the end. His politics and economical solutions (!) devastated a nation of 80+ Million. Imagine a country which has a 72% inflation - according to Government Statistics Institute (You go ahead and believe it, the actual inflation is around 300%) - and the interest rate is 14% - Yes you heard it right, he has been advocating to reduce the rates while whole world is increasing due to world inflation numbers.. What happened? Turkish Lira depreciated over 100% since last year September and over 500% since 2016. Minimum...
Between Erdogan, Xi, Kim, and Putin. What could possibly go wrong. Its not like they have nukes are something. Geez, its not like they are all on the same continent. Hell let me find a Atlas.
those who can, do. those who cant, talk about those who can
  • #101,337
  • Jun 8, 2022 9:01am Jun 8, 2022 9:01am
Gold..
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  • #101,338
  • Jun 8, 2022 9:18am Jun 8, 2022 9:18am
Quoting gatorinla
{quote} Between Erdogan, Xi, Kim, and Putin. What could possibly go wrong. Its not like they have nukes are something. Geez, its not like they are all on the same continent. Hell let me find a Atlas.
I checked the U.S. OFS. "OFS.gov" It seems they are all on the same continent. But at least the leadership is stable. And they don't have nukes.
Nothing to see here.
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those who can, do. those who cant, talk about those who can
  • #101,339
  • Jun 8, 2022 9:35am Jun 8, 2022 9:35am
Quoting Boulder
Gold.. {image}
1H inverted H&S points to 187x
  • #101,340
  • Jun 8, 2022 9:41am Jun 8, 2022 9:41am
I took a short.. will add toward 0786. Will close if need be with a loss. Some R 0749/5x
those who can, do. those who cant, talk about those who can
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