The Swamp | Page 5299 | Forex Factory

Options

Go to
Permalinks
Print Thread
Attachments: The Swamp
Exit Attachments

The Swamp

  • #105,961
  • Dec 16, 2022 7:45am Dec 16, 2022 7:45am
Quoting gatorinla
0.533/1.6037=1.0835.5. 61.8% =.9607. .9596 is the algo/pool. Scene of the crime at 1.0835. {image} {image}
Joe Walsh

Inserted Video
those who can, do. those who cant, talk about those who can
  • #105,962
  • Dec 16, 2022 8:14am Dec 16, 2022 8:14am
Algos tend to have a lot of orders waiting. Larger orders like institutions. The type that could produce 1250 pip moves. At 1.0805.5 it enters that area. But it may not do much until it hits a spot like 1.0835. Or it can do it before 1.0835. Or i may be full of shit. It may prefer the larger one at 1.1186/slip. I dont know. The potential is there. If this be the case, the drop may exceed 1250 pips. To 0.7992/slip or 0.7700. Lots of smaller closer ones first with many large bounces. 1.1186 is a lot closer. Things can change with the new energy fusion source. That will take a decade plus. So pa may be pulled toward 0.7992 if a top sets. Energy helped the usd fall, energy will help it rise.
those who can, do. those who cant, talk about those who can
  • #105,963
  • Edited 2:03pm Dec 16, 2022 1:53pm | Edited 2:03pm
Quoting gatorinla
I'm thinking about doing some NFT trading cards. Maybe some morons will buy them.
PT Barnum was right. Losing value fast. https://www.fastcompany.com/90825656...-value-opensea

https://en.wikipedia.org/wiki/P._T._Barnum Does PT Barnum remind you of anyone?
those who can, do. those who cant, talk about those who can
  • #105,964
  • Dec 16, 2022 1:55pm Dec 16, 2022 1:55pm
It may suck to get a gap Sunday to 1.0579/80. But the spread stops a entry at that price. Then it rises from there to 1.0805.
those who can, do. those who cant, talk about those who can
  • #105,965
  • Dec 16, 2022 2:40pm Dec 16, 2022 2:40pm
Quoting gatorinla
It may suck to get a gap Sunday to 1.0579/80. But the spread stops a entry at that price. Then it rises from there to 1.0805.
Its a danger zone for my short from 1.0735… So I covered 30% at the bell at 1.0585… Ill re-engage on a stop order below 1.0520… or if we rise back through 1.0635 again Ill reduce further and re-establish my macro long with the alpha from the short.
  • #105,966
  • Dec 16, 2022 2:48pm Dec 16, 2022 2:48pm
Quoting Wulfgar
{quote} Its a danger zone for my short from 1.0735… So I covered 30% at the bell at 1.0585… Ill re-engage on a stop order below 1.0520… or if we rise back through 1.0635 again Ill reduce further and re-establish my macro long with the alpha from the short.
I may be wrong. I thought it would rise after 0580. It has still missed 0580
those who can, do. those who cant, talk about those who can
  • #105,967
  • Dec 16, 2022 10:34pm Dec 16, 2022 10:34pm
Quoting gatorinla
{quote} Joe Walsh https://www.youtube.com/watch?v=kdGeYSz6A0c
In The City my favourite.
  • #105,968
  • Edited 1:49pm Dec 17, 2022 11:28am | Edited 1:49pm
Quoting gatorinla
{quote} I may be wrong. I thought it would rise after 0580. It has still missed 0580
Its just a tech level for me… Im willing to sacrifice a little participation to ensure a trade continuation confirmation

Also over the weekend it printed as low as 1.05761... I do count weekend feeds
  • #105,969
  • Dec 18, 2022 5:38am Dec 18, 2022 5:38am
Quoting Wulfgar
{quote} Its just a tech level for me… Im willing to sacrifice a little participation to ensure a trade continuation confirmation Also over the weekend it printed as low as 1.05761... I do count weekend feeds
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 16 KB
those who can, do. those who cant, talk about those who can
  • #105,970
  • Dec 18, 2022 6:34am Dec 18, 2022 6:34am
Quoting Wulfgar
{quote} Its just a tech level for me… Im willing to sacrifice a little participation to ensure a trade continuation confirmation Also over the weekend it printed as low as 1.05761... I do count weekend feeds
If Santa makes the rally next week on equities. It could free 1.0805 EU. The 200ema US30 day is at 32645. Fridays low at 32649. Close 32850. That and the EU algo at 1.0579/80/slip may find some eu support. That bounce with a Santa rally has a shot.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 6 KB
those who can, do. those who cant, talk about those who can
  • #105,971
  • Dec 18, 2022 6:55pm Dec 18, 2022 6:55pm
Quoting gatorinla
It may suck to get a gap Sunday to 1.0579/80. But the spread stops a entry at that price. Then it rises from there to 1.0805.
ATM low at 1.0581.8. 1.0580 still alludes in market hours. Over the weekend it did reach 1.0578.x. after hours. I hope that didnt hurt the trade I wanted to trigger.
those who can, do. those who cant, talk about those who can
  • #105,972
  • Edited 5:51am Dec 19, 2022 5:41am | Edited 5:51am
Quoting gatorinla
{quote} Who could not see this coming? https://moguldom.com/430254/tesla-cu...ready-down-50/ Still true a thousand years later. proverb a fool and his money are soon parted {image} {image}
I could of saved Musk 1/2 trillion dollars. He disparages the parts of the country that yield 70% of the GDP. He overpaid for Twitter 3X. And made it worth less today. Now with higher interest rates and the loss of 50% of add revenue. He will be lucky to get 5 billion. Add in the lawsuits from non-payment. The loss of name. It may be closer to 1 billion.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
those who can, do. those who cant, talk about those who can
  • #105,973
  • Dec 19, 2022 7:59am Dec 19, 2022 7:59am
Its thin Christmas week. I'm not being aggressive. Since 1.0560 is now reached. I look for weakness in the bear to long. My day indicators are bearish. Once at 1.0805 i will look for bull weakness, to short.
those who can, do. those who cant, talk about those who can
  • #105,974
  • Dec 19, 2022 8:29am Dec 19, 2022 8:29am
Quoting gatorinla
Its thin Christmas week. I'm not being aggressive. Since 1.0560 is now reached. I look for weakness in the bear to long. My day indicators are bearish. Once at 1.0805 i will look for bull weakness, to short.
I need pa to start closing above 1.0632. Stops at b.e.
those who can, do. those who cant, talk about those who can
  • #105,975
  • Dec 19, 2022 8:57am Dec 19, 2022 8:57am
Quoting gatorinla
{quote} I need pa to start closing above 1.0632. Stops at b.e.
The thin market could aid a rise also. It can do either direction. But i think reaching 1.0580 released some bulls at the algo. That release could take 1.0805. A day close above 1.0632 should put me on the right track. The chart shows the fight with indies to get above 1.0632. A lot of day size to 1h trends are bearish still. You can even see at the low, the 1h closed below the 200ema
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 3 KB
those who can, do. those who cant, talk about those who can
  • #105,976
  • Dec 19, 2022 9:09am Dec 19, 2022 9:09am
next h is a 4h close. The last 2 attempts its been rejected above 1.0632
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
  • #105,977
  • Edited 2:58pm Dec 19, 2022 2:47pm | Edited 2:58pm
Quoting gatorinla
next h is a 4h close. The last 2 attempts its been rejected above 1.0632 {image}
No day close above 1.0632. I will take some profit here on 1/2. The bounce just about 50 pips. PA still looks bearish, plus it missed 0632 + close. i will use some caution. There is a smaller algo at 0560/slip. I like to figure 20 pips more below low, for market makers to take some stops. 1.5060. is in that zone. Another thing I use is upper wick to close. is about 50 pips. I take the 50 off the close. That's about 1.0555. Somewhere below 1.0560/slip may be a poi.
those who can, do. those who cant, talk about those who can
  • #105,978
  • Dec 19, 2022 3:04pm Dec 19, 2022 3:04pm
Quoting gatorinla
{quote} No day close above 1.0632. I will take some profit here on 1/2. The bounce just about 50 pips. PA still looks bearish, plus it missed 0632 + close. i will use some caution. There is a smaller algo at 0560/slip. I like to figure 20 pips more below low, for market makers to take some stops. 1.5060. is in that zone. Another thing I use is upper wick to close. is about 50 pips. I take the 50 off the close. That's about 1.0555. Somewhere below 1.0560/slip may be a poi.
I dont doubt what 1.0580 is/was. But since it hasn't closed above 1.0632. That give me a little "half a fish is better than non", thinking. Tomorrow and Wednesday she may show some leg. Still in this thin market. I may be better off taking off.
those who can, do. those who cant, talk about those who can
  • #105,979
  • Dec 19, 2022 7:25pm Dec 19, 2022 7:25pm
BoJ dropped a bomb
  • #105,980
  • Dec 19, 2022 7:36pm Dec 19, 2022 7:36pm
That UJ rate pop. Possible s 134.77..UJ tight stop
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 4 KB
those who can, do. those who cant, talk about those who can
72 traders viewing now