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The Swamp

  • #106,721
  • Feb 8, 2023 10:20am Feb 8, 2023 10:20am
Quoting gatorinla
1.0723x soft support atm
Its so far unable to take 1.0723.. So if you bearish looking for a trade. it may make 1.0737/43.. 1.0744 has some R.. But i think bulls are f-ing with us,
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  • #106,722
  • Feb 8, 2023 10:23am Feb 8, 2023 10:23am
Quoting gatorinla
{quote} Its so far unable to take 1.0723.. So if you bearish looking for a trade. it may make 1.0737/43.. 1.0744 has some R.. But i think bulls are f-ing with us, {image}
I got in at 1.0737.. The trade talked about if you scroll up a little. I still think bulls are making asses out of us.
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  • #106,723
  • Feb 8, 2023 10:26am Feb 8, 2023 10:26am
Quoting gatorinla
{quote} Once again eu bears suck.. The inability to close yesterday below1.07/1.0694. Now the inability to close an h below 1.0723 after 2 attempts. Bears inability to take and hold basic support with closes below.
It cant go anywhere w/o these.
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  • #106,724
  • Feb 8, 2023 10:29am Feb 8, 2023 10:29am
Quoting gatorinla
{quote} I got in at 1.0737.. The trade talked about if you scroll up a little. I still think bulls are making asses out of us.
My f-u. I thought i got in.. A sound was made. I thought it was the eu getting in at the pending 1.0737..
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  • #106,725
  • Feb 8, 2023 10:36am Feb 8, 2023 10:36am
Quoting gatorinla
{quote} Its so far unable to take 1.0723.. So if you bearish looking for a trade. it may make 1.0737/43.. 1.0744 has some R.. But i think bulls are f-ing with us, {image}
Now LC is higher than yesterday
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  • #106,726
  • Feb 8, 2023 10:46am Feb 8, 2023 10:46am
Quoting gatorinla
{quote} My f-u. I thought i got in.. A sound was made. I thought it was the eu getting in at the pending 1.0737..
raised pending to 1.0747, 4 pip stop. Some light R 1.0748 and 49
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  • #106,727
  • Feb 8, 2023 4:37pm Feb 8, 2023 4:37pm
EU missed another close below 1.07/1.0694.. I got some support at 1.0702.. so a s/l at 1.0701 is enough for it.

15 min wise 1.0694.. the 30 being larger has its R at 1.0776. Since pa missed closing below 1.07 etc. Pa may head to 1.0723 R, it may test 1.0776. A long near 1.0702 with a tight stop has a decent R/R. But a high chance of failure.

A short near 1.0776 has some backing using 1.0777/spread
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  • #106,728
  • Feb 8, 2023 7:41pm Feb 8, 2023 7:41pm
Quoting gatorinla
EU missed another close below 1.07/1.0694.. I got some support at 1.0702.. so a s/l at 1.0701 is enough for it. 15 min wise 1.0694.. the 30 being larger has its R at 1.0776. Since pa missed closing below 1.07 etc. Pa may head to 1.0723 R, it may test 1.0776. A long near 1.0702 with a tight stop has a decent R/R. But a high chance of failure. A short near 1.0776 has some backing using 1.0777/spread
Its always good to tp some, if you plan to hold till 1.077x..Some R here 1.0723.. 1h R at 1.0818. If the bottom was to hold. 1.0818 is closer to ADR
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  • #106,729
  • Feb 8, 2023 7:48pm Feb 8, 2023 7:48pm
Quoting gatorinla
{quote} raised pending to 1.0747, 4 pip stop. Some light R 1.0748 and 49
I should of kept the pending short at 1.0737
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  • #106,730
  • Feb 8, 2023 8:47pm Feb 8, 2023 8:47pm
Quoting gatorinla
{quote} Its always good to tp some, if you plan to hold till 1.077x..Some R here 1.0723.. 1h R at 1.0818. If the bottom was to hold. 1.0818 is closer to ADR {image}
stops to 21
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  • #106,731
  • Feb 8, 2023 9:26pm Feb 8, 2023 9:26pm
Quoting gatorinla
EU missed another close below 1.07/1.0694.. I got some support at 1.0702.. so a s/l at 1.0701 is enough for it. 15 min wise 1.0694.. the 30 being larger has its R at 1.0776. Since pa missed closing below 1.07 etc. Pa may head to 1.0723 R, it may test 1.0776. A long near 1.0702 with a tight stop has a decent R/R. But a high chance of failure. A short near 1.0776 has some backing using 1.0777/spread
1.08 1.0850 possible. When near 1.0776.. It may retrace some. It may rise after.
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  • #106,732
  • Edited 3:34am Feb 9, 2023 2:39am | Edited 3:34am
Quoting Don96
{quote} this would be it... PA changed. not shorting, better opps higher up. 46/55
i took a small one... stops are tough, 1.0760 is close.

if daily is to continue a drop from here wouldn't be a bad time place to start.

Edit : added one at 59.

Quoting Don96
{quote} i took a small one... stops are tough, 1.0760 is close. if daily is to continue a drop from here wouldn't be a bad time place to start. Edit : added one at 59.
if not then 1.0780-1.0796 may offer.

S/O
  • #106,733
  • Feb 9, 2023 4:59am Feb 9, 2023 4:59am
Quoting gatorinla
{quote} 1.08 1.0850 possible. When near 1.0776.. It may retrace some. It may rise after. {image}
Quoting gatorinla
EU missed another close below 1.07/1.0694.. I got some support at 1.0702.. so a s/l at 1.0701 is enough for it. 15 min wise 1.0694.. the 30 being larger has its R at 1.0776. Since pa missed closing below 1.07 etc. Pa may head to 1.0723 R, it may test 1.0776. A long near 1.0702 with a tight stop has a decent R/R. But a high chance of failure. A short near 1.0776 has some backing using 1.0777/spread
Here near 1.077x is the better chance to retrace some. A new chance to enter 1.0740/3x may come. I cant say it if it retraces much if at all. But this is what/where I have 1.0776 30 min R.. Its being tested now. If you took the long from 1.070x. Your up 70+ pips. You may want to bank some. Options at 1.08 +. Price was unable to close below 1.07. yesterday. Price is above 1.0723.. Some support is here.
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  • #106,734
  • Feb 9, 2023 5:09am Feb 9, 2023 5:09am
Quoting gatorinla
{quote} {quote} Here near 1.077x is the better chance to retrace some. A new chance to enter 1.0740/3x may come. I cant say it if it retraces much if at all. But this is what/where I have 1.0776 30 min R.. Its being tested now. If you took the long from 1.070x. Your up 70+ pips. You may want to bank some. Options at 1.08 +. Price was unable to close below 1.07. yesterday. Price is above 1.0723.. Some support is here.

I have a pending level at 1.0818 to reduce temporarily... Above 1.0862 I'll look to re-establish the long.

1.0818 has enough ooomph to potentially take us down to 1.0648-1.0629

It all rides on the approach to the level imo..... If we limp into it then I'll take the reduction, but if we base just below and explode towards it I won't...
  • #106,735
  • Feb 9, 2023 5:09am Feb 9, 2023 5:09am
If you want to seek out a support similar to yesterdays 1.0702- the help from 1.0700. Try 1.0735 ish. Its very close to 1.0738 40 algo. It could set a spot after 1.0738/40. To help a bounce to those options. 1.0818 is probably similar as 1.0776 is now. So if and when 0818 is tested. It may fall to the future replacement of 1.0735. Wherever it may be then. Somewhere above 1.0735, and below 1.0818
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  • #106,736
  • Feb 9, 2023 5:26am Feb 9, 2023 5:26am
I dont know if it will retrace. I dont know if it will bounce in the 1.0735 area after. It could just run well above 1.0776 now, or below 1.0735 later. I know the R/R is not so bad. Using the smaller stops compared to reward potential.

Something like this can bring pa to those 1.08 options.
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  • #106,737
  • Feb 9, 2023 5:36am Feb 9, 2023 5:36am
Quoting gatorinla
I dont know if it will retrace. I dont know if it will bounce in the 1.0735 area after. It could just run well above 1.0776 now, or below 1.0735 later. I know the R/R is not so bad. Using the smaller stops compared to reward potential. Something like this can bring pa to those 1.08 options. {image}
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Money where mouth is.
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  • #106,738
  • Feb 9, 2023 5:49am Feb 9, 2023 5:49am
Quoting Wulfgar
{quote} I have a pending level at 1.0818 to reduce temporarily... Above 1.0862 I'll look to re-establish the long. 1.0818 has enough ooomph to potentially take us down to 1.0648-1.0629 It all rides on the approach to the level imo..... If we limp into it then I'll take the reduction, but if we base just below and explode towards it I won't...
Way ahead of my skis here. But the inability to close below 1.07 has me thinking. These options are around 1.0835. That's a big number to me, as is 1.07.. If a 4h closes above 1.0886, It may be running to test 1.0980. Anyway 1.0886 could change before. I'm using the smaller numbers off the 6h that stopped the drop. Price is still testing the 30 min.. The 6h and higher are bullish. The 15 min and lower bullish. In the process I'm using. The 30 min to 4h are in the way of these.. I'm just going through the process of elimination.
If the 30 min surrenders. I will focus on 1h.. That's atm 1.0710 and 1.0818. I had hoped 1.0818 first. That would raise 1.0710. It dont matter.. They are all S/r. Short and long them.. Rock climbing, sometimes to rise, you need to go down.. Or visa versa.
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  • #106,739
  • Feb 9, 2023 6:20am Feb 9, 2023 6:20am
I closed the short for 12 pips.. It looked to stall. I still will buy lower if giving a chance. The R at 1.0776 may be over.
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  • #106,740
  • Feb 9, 2023 7:52am Feb 9, 2023 7:52am
The R at 1.0818 may be a place to short. It can pass it some. Once an h closes above. It will become less relevant or neutral. Before that Pa may run back to find a support. That support may be dynamic. Support may range at different levels on time frames smaller than 1h. The smaller time frames will be higher. 30 min at 0736 now will rise. etc.

200ema 1h at 1.0798. It looks like the option at 1.08 will be satisfied
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