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  • #101,401
  • Jun 10, 2022 7:41am Jun 10, 2022 7:41am
Closing under 0568 is bearish,, below 0556 is stronger. Large support at 0508/20 But it may pass free till later in the month,,

Next h close is a 4h close.

Bulls need to take this back,, or,,, the week has a shot at closing below 0520/06,,
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  • #101,402
  • Jun 10, 2022 8:00am Jun 10, 2022 8:00am
I closed some at 0521.. will load again if she runs back to 0568
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  • #101,403
  • Jun 10, 2022 8:10am Jun 10, 2022 8:10am
Quoting gatorinla
I closed some at 0521.. will load again if she runs back to 0568
a good place for a new flag. 0520/68
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  • #101,404
  • Jun 10, 2022 8:13am Jun 10, 2022 8:13am
Quoting gatorinla
{quote} a good place for a new flag. 0520/68 {image}
Old flag/pole targets 0448 ish.. (support low at 0460) If it builds a new one.. It may be 0400ish
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  • #101,405
  • Jun 10, 2022 8:20am Jun 10, 2022 8:20am
I may have messed up closing. I did because it often retraces back to numbers like 0568, 0568 is like 0642. Remember the retrace earlier today. That's where it built that flag. I may be wrong, it may not retrace. I'm wrong with profit either way.
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  • #101,406
  • Jun 10, 2022 8:25am Jun 10, 2022 8:25am
Quoting saninvestor
{quote} Holding Will add 0576 in case drop more.
What's your target bro for those longs? I have 1.1 - 1.11 for medium term but of course there are some barriers at 1.09xx area..
  • #101,407
  • Jun 10, 2022 8:28am Jun 10, 2022 8:28am
I cant say for sure its going to retrace. That's why its hard to follow me, if you didn't get in at the start. That start was the inability to close above 0767. You may be able to follow. Maybe on a reject from 0568. Here at 0520, your bait. Because it has a chance to run back to 0568 or 058x.. The odds turn against you the further the drop. You need to trade against a R, to help limit your pain. I dont know if 0520 will bounce it.. Buts adr range is limited. Plus 0520 is a really good number. It just may be under the water till closer to the month end.
The 4h closed under 0568.. that's R to me. The 4h didn't close below 0520. That's where pa stopped atm. That may help a return to 0568
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  • #101,408
  • Jun 10, 2022 8:34am Jun 10, 2022 8:34am
Quoting hans91
{quote} What's your target bro for those longs? I have 1.1 - 1.11 for medium term but of course there are some barriers at 1.09xx area..
My daily chart turned bullish a couple of days ago. I was expecting a drop to 0570/6 that is 50% fib. I didn't expect it drop to 0570 before touching 0699 after ecb. So I entered long too early. They're under water atm. I had 0699 tp yday. But now it reached 0570/6. I do expect it to rise because my daily chart is bullish. I have still 0699 as short term target and thinking about 1.13xx long term. I may be wrong.
Trade to enjoy... Money is after!
  • #101,409
  • Edited 9:00am Jun 10, 2022 8:49am | Edited 9:00am
Quoting gatorinla
I cant say for sure its going to retrace. That's why its hard to follow me, if you didn't get in at the start. That start was the inability to close above 0767. You may be able to follow. Maybe on a reject from 0568. Here at 0520, your bait. Because it has a chance to run back to 0568 or 058x.. The odds turn against you the further the drop. You need to trade against a R, to help limit your pain. I dont know if 0520 will bounce it.. Buts adr range is limited. Plus 0520 is a really good number. It just may be under the water till closer to the month...
I didn' trade much Eur today .. busy with gold.. but I made my daily scalp early .. I see you had a good week shorting Eur... I am happy for you.....I am done trading.. have a good weekend..
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  • #101,410
  • Jun 10, 2022 9:05am Jun 10, 2022 9:05am
Quoting gatorinla
I cant say for sure its going to retrace. That's why its hard to follow me, if you didn't get in at the start. That start was the inability to close above 0767. You may be able to follow. Maybe on a reject from 0568. Here at 0520, your bait. Because it has a chance to run back to 0568 or 058x.. The odds turn against you the further the drop. You need to trade against a R, to help limit your pain. I dont know if 0520 will bounce it.. Buts adr range is limited. Plus 0520 is a really good number. It just may be under the water till closer to the month...
Oh well.. i didn't get the bounce to 0668.. I was just shorting from it anyway. Maybe Sunday. It should be on its way to 045x/6x. If it does close today below 0520/06. I wouldn't call it bullish. Take that with a disclaimer. A week is not strong enough to hold back any bounce that wants to be above 0520. This is an area that will screw many accounts. Your week may say its bullish or bearish, even a month has little power here. It even ripped the face off a year close a few years back. This is more like a decade type close.
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  • #101,411
  • Jun 10, 2022 9:39am Jun 10, 2022 9:39am
Quoting gatorinla
{quote} Oh well.. i didn't get the bounce to 0668.. I was just shorting from it anyway. Maybe Sunday. It should be on its way to 045x/6x. If it does close today below 0520/06. I wouldn't call it bullish. Take that with a disclaimer. A week is not strong enough to hold back any bounce that wants to be above 0520. This is an area that will screw many accounts. Your week may say its bullish or bearish, even a month has little power here. It even ripped the face off a year close a few years back. This is more like a decade type close.
You are here. against 0520.. This is a one year chart. It hasn't closed -0506.8/0520, depending on broker. It hasn't closed below this point since Dec 2001. That was the year of 911. Bulls need to close above. bears need to beat that close, That close, and it probably has to be below 1.0421. 0421 may be the real support. (year close wise). Still over 6 months before the year close. A new low -03xx, a year below 0520 would be a lower close. But something made it stop. I suspect it was 0421. A LL and a close below 0421 I think on the year would sink this. Some other supports like 1.008x are there. Getting these others with a close are larger.

Anyway atm 0568 is what i think could become a R. Here in this 03xx 04xx 05xxx lots of volatility is likely. Later if it starts closing below 0421.. it could be the same.
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  • #101,412
  • Jun 10, 2022 10:21am Jun 10, 2022 10:21am
Big bounce on gold... i was waiting with a long at 1820.... will now look for a short 1867-70
Cheers!!
  • #101,413
  • Jun 10, 2022 10:54am Jun 10, 2022 10:54am
The question is always why. The result is the obvious. If why can be theorized. And later tested. The results should match the theory. The result needs to be back tested. To see if the new result is inline with theory.
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  • #101,414
  • Jun 10, 2022 12:03pm Jun 10, 2022 12:03pm
Quoting gatorinla
The question is always why. The result is the obvious. If why can be theorized. And later tested. The results should match the theory. The result needs to be back tested. To see if the new result is inline with theory. {image}
On this month chart the low close is 0515/16. A close below is usually considered a bearish breakout. It may be. Something originally caused price to not close lower back then. This close was lower, than both closes to its left. In candle trading this is a b/o. It didn't run after. The break out month candle didn't work. Why? I think it was 0421 stopping it. PA has LH, its near a LL atm. A close below 0515 could be b/o bearish. I think it also needs to be a month close below 0421.
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  • #101,415
  • Jun 10, 2022 12:14pm Jun 10, 2022 12:14pm
Quoting gatorinla
{quote} On this month chart the low close is 0515/16. A close below is usually considered a bearish breakout. It may be. Something originally caused price to not close lower back then. This close was lower, than both closes to its left. In candle trading this is a b/o. It didn't run after. The break out month candle didn't work. Why? I think it was 0421 stopping it. PA has LH, its near a LL atm. A close below 0515 could be b/o bearish. I think it also needs to be a month close below 0421. {image}
Bears have to do the deed, or bounce to maybe some ranging. Fundi wise. The end of U.S. war spending and energy. Make me go with 0.8xx. Inline with the chart.

It is a hell of big Bull wedge.

Channel wise, 0.8xx looks withing the scope.
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  • #101,416
  • Jun 10, 2022 2:04pm Jun 10, 2022 2:04pm
Quoting gatorinla
I closed some at 0521.. will load again if she runs back to 0568
I re-entered 2 pips higher. Its they same as i closed earlier. I will play the pole.
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  • #101,417
  • Jun 10, 2022 2:27pm Jun 10, 2022 2:27pm
Quoting gatorinla
{quote} Old flag/pole targets 0448 ish.. (support low at 0460) If it builds a new one.. It may be 0400ish {image}
I thought it may flag earlier. but i thought it may reach 0568 in the flag. It seems to want to drop. off this flag,
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  • #101,418
  • Jun 10, 2022 2:30pm Jun 10, 2022 2:30pm
Quoting gatorinla
{quote} I thought it may flag earlier. but i thought it may reach 0568 in the flag. It seems to want to drop. off this flag, {image}
This pole is lower.. 0369 may be a target.

st to rise, pa needs 0525.3+ closes.
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  • #101,419
  • Jun 11, 2022 11:17am Jun 11, 2022 11:17am
Quoting gatorinla
{quote} This pole is lower.. 0369 may be a target. st to rise, pa needs 0525.3+ closes. {image}
Looking at COT, EU closed more longs over shorts. Before reaching 0773. 0786 may be the top.

Those EU flagpoles may be right. We may see 1.0450/046x support tested. The second pole can bring 1.03xx again. 1.03xx low has a chance of breaking. I have a wave targeting 1.02/ another 1.0176. The economic news late last week favors a EU drop. Closing below 0568 favors a drop. A possible gap open lower Sunday. A gap open below 0506 and 0520 would favor a drop.

If one wants to short the USD. The GBP may be the way to do it.
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  • #101,420
  • Jun 11, 2022 11:21am Jun 11, 2022 11:21am
Quoting gatorinla
{quote} Looking at COT, EU closed more longs over shorts. Before reaching 0773. 0786 may be the top. Those EU flagpoles may be right. We may see 1.0450/046x support tested. The second pole can bring 1.03xx again. 1.03xx low has a chance of breaking. I have a wave targeting 1.02/ another 1.0176. The economic news late last week favors a EU drop. Closing below 0568 favors a drop. A possible gap open lower Sunday. A gap open below 0506 and 0520 would favor a drop. If one wants to short the USD. The GBP may be the way to do it. {image}
GBP.
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