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The Swamp

  • #105,381
  • Nov 3, 2022 7:01am Nov 3, 2022 7:01am
EU wooooow, what a drop. If I wasn't stopped out last week, I would have been in some serious money now.
Anyway I'm looking to short bounces
  • #105,382
  • Nov 3, 2022 7:04am Nov 3, 2022 7:04am
Quoting gatorinla
{quote} GBP news coming.. if bullish i doubt.. if bull 1.1386/slip may be a short. With some R 1397.. It may be a sweet spot at .1397ish
Oh well it dropped more.. Its bearish still.. If it does rise before NFP 1386/slip may still be a place,,
those who can, do. those who cant, talk about those who can
  • #105,383
  • Nov 3, 2022 7:06am Nov 3, 2022 7:06am
gbp, eu, and gold have passed week average range now..
those who can, do. those who cant, talk about those who can
  • #105,384
  • Nov 3, 2022 7:12am Nov 3, 2022 7:12am
nothing gu bullish here.. But NFP coming.. It may end up giving this short opportunity.. Maybe in Asia drift tonight before NFP. maybe after NFP. 1386/slip
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those who can, do. those who cant, talk about those who can
  • #105,385
  • Nov 3, 2022 7:30am Nov 3, 2022 7:30am
Quoting gatorinla
nothing gu bullish here.. But NFP coming.. It may end up giving this short opportunity.. Maybe in Asia drift tonight before NFP. maybe after NFP. 1386/slip {image}
Nothing bullish on gold here either.. But ditto a bounce.. 1634.78 is nice..

A solid level it may never reach at 1645.84/1643.10./1647.75. This one has multiple reasons to be solid. It sits close and below 1647.75. This is a very good area to become strong R.
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those who can, do. those who cant, talk about those who can
  • #105,386
  • Nov 3, 2022 7:36am Nov 3, 2022 7:36am
wonder if dxy is going after stops at 114
  • #105,387
  • Nov 3, 2022 7:38am Nov 3, 2022 7:38am
EU develop a pool now.. .9814.6 may be a short.. It may be a perfect entry with little drawdown. PA may not come back to it.. Maybe a bounce after .9663 can do it.
those who can, do. those who cant, talk about those who can
  • #105,388
  • Nov 3, 2022 7:44am Nov 3, 2022 7:44am
Quoting gatorinla
{quote} Nothing bullish on gold here either.. But ditto a bounce.. 1634.78 is nice.. A solid level it may never reach at 1645.84/1643.10./1647.75. This one has multiple reasons to be solid. It sits close and below 1647.75. This is a very good area to become strong R. {image}
Expect 1720 soon if 1619 holds. Yesterday’s Fed meeting was a double edged sword for the markets hence be very cautious.
  • #105,389
  • Nov 3, 2022 10:48am Nov 3, 2022 10:48am
Quoting Sankara001
{quote} Expect 1720 soon if 1619 holds. Yesterday’s Fed meeting was a double edged sword for the markets hence be very cautious.
Not me... You need buyers. Sellers taking profit is a false flag. But it was expected.

Its will be hard for gold to rise. The next leg for large players to hold some gold is likely 1557/slip That's the next major algo. Or its a likely trade to long. Once it finds support sometime after 1557.xx.

Its all about food inflation. There will be less gold needed as people spend more on food. The entire world is spending more on food. Ukraine, global warming, droughts, Mississippi low levels and floods in other agriculture areas are lowering gold demand worldwide. I didnt include half of Russia here. But gold demand is 83% Asian demand. The rest of the world is a pimple on an elephants ass. If food is costing more as time goes on. There will be less ceremonial gold needed in Asia. Weddings etc.. People will need eat rather than starve for gold. As time goes on the gold people own will be sold in this market. That will cause more supply in the face of less demand. 1k gold is not a myth. The change in climate is amplifying food deficits. That will cause even less demand and more selling. Of the 40 years of gold collection in countless millions of Asian families. The price of gold will reflect to emerging less gold demand.
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those who can, do. those who cant, talk about those who can
  • #105,390
  • Nov 3, 2022 12:44pm Nov 3, 2022 12:44pm
Quoting gatorinla
{quote} Nothing bullish on gold here either.. But ditto a bounce.. 1634.78 is nice.. A solid level it may never reach at 1645.84/1643.10./1647.75. This one has multiple reasons to be solid. It sits close and below 1647.75. This is a very good area to become strong R. {image}
I would love to short 1646.x gold again,, Possible NFP pump. It made it atm about 50% exactly to it.

1634.78/slip is that closer algo,

Many will be "all in" on that trip bottom.

That R area at 1647.75 is the biased side.
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those who can, do. those who cant, talk about those who can
  • #105,391
  • Nov 3, 2022 5:01pm Nov 3, 2022 5:01pm
EU: It may mean little if NFP makes a strong pump. As things sit. .9812/14.7 looks like a good short with a tiny s/l. Next week it may be this same trade. It may be a potential double top.
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those who can, do. those who cant, talk about those who can
  • #105,392
  • Nov 4, 2022 12:01am Nov 4, 2022 12:01am
Quoting gatorinla
{quote} I would love to short 1646.x gold again,, Possible NFP pump. It made it atm about 50% exactly to it. 1634.78/slip is that closer algo, Many will be "all in" on that trip bottom. That R area at 1647.75 is the biased side. {image}
gold short sneer triggered. Time will tell. Back to bed.
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those who can, do. those who cant, talk about those who can
  • #105,393
  • Nov 4, 2022 4:09am Nov 4, 2022 4:09am
Quoting gatorinla
{quote} gold short sneer triggered. Time will tell. Back to bed. {image}
snare.

I dont like the 12h (last hour) closing above 1647.75. gold. back to bed
those who can, do. those who cant, talk about those who can
  • #105,394
  • Nov 4, 2022 5:15am Nov 4, 2022 5:15am
FX option expiries for Nov 4 NY cut at 10:00 Eastern Time, via DTCC, can be found below.
- EUR/USD: EUR amounts

  1. 0.9650 260m
  2. 0.9750 615m
  3. 0.9790-00 1.62b
  4. 0.9825-35 902m
  5. 0.9870 254m
  6. 0.9900 1.28b
  7. 0.9925-30 348m
  8. 0.9950-55 487m
  9. 1.0000 2.48b

- GBP/USD: GBP amounts

  1. 1.1200 304m

- USD/JPY: USD amounts

  1. 146.00 607m
  2. 147.00 1.05b
  3. 148.00 680m
  4. 149.00 583m
  5. 150.00 940m

  • #105,395
  • Nov 4, 2022 5:25am Nov 4, 2022 5:25am
Eur
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  • #105,396
  • Nov 4, 2022 5:47am Nov 4, 2022 5:47am
Quoting gatorinla
EU: It may mean little if NFP makes a strong pump. As things sit. .9812/14.7 looks like a good short with a tiny s/l. Next week it may be this same trade. It may be a potential double top. {image} {image}
can also go back to 99 and parity in extension be careful
  • #105,397
  • Nov 4, 2022 5:59am Nov 4, 2022 5:59am
is there a reason why gold is up
I bought in a shit ton when it hit 1616-1618
probably the most perfect trade i made in my entire life
I won't be surprised if it sells off again in the next few hours
  • #105,398
  • Nov 4, 2022 6:08am Nov 4, 2022 6:08am
Gold.. bears at 1652 -1657 H4 stops... in case bears fail to hold at H4 stop... , gold may go up ,,I just started to short gold , will close out in case it fails to hold H4 trend stop at 1657
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  • #105,399
  • Nov 4, 2022 6:32am Nov 4, 2022 6:32am
Quoting TwFXtrader
is there a reason why gold is up I bought in a shit ton when it hit 1616-1618 probably the most perfect trade i made in my entire life I won't be surprised if it sells off again in the next few hours
Whispers about china stopping zero covid apparently.
  • #105,400
  • Nov 4, 2022 7:10am Nov 4, 2022 7:10am
Quoting -sonny-
{quote} can also go back to 99 and parity in extension be careful
You did see the "tiny stoploss"? "Careful" is built in most of my trades.
those who can, do. those who cant, talk about those who can
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