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The Swamp

  • #106,741
  • Feb 9, 2023 7:56am Feb 9, 2023 7:56am
Quoting gatorinla
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.
If it can get there the downside is pretty limited with 1.0776-1.0760 blocking the path down.
Decent 4Hr trend line that was broken is also being traded through… but it could take a day or 2 to work out the order flow in this area

But a short @ 1.0818 S/L 1.0842 Tg 1.0780 is still nearly a 2:1 and should be a clean move…. But it is CT, so I would recommend it for new traders…. Waiting for 1.0850-1.0862 to start being traded above and then buying off of it is a much safer trade
  • #106,742
  • Feb 9, 2023 9:01am Feb 9, 2023 9:01am
Quoting gatorinla
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

not today
those who can, do. those who cant, talk about those who can
  • #106,743
  • Feb 9, 2023 9:11am Feb 9, 2023 9:11am
Quoting Wulfgar
{quote} If it can get there the downside is pretty limited with 1.0776-1.0760 blocking the path down. Decent 4Hr trend line that was broken is also being traded through… but it could take a day or 2 to work out the order flow in this area But a short @ 1.0818 S/L 1.0842 Tg 1.0780 is still nearly a 2:1 and should be a clean move…. But it is CT, so I would recommend it for new traders…. Waiting for 1.0850-1.0862 to start being traded above and then buying off of it is a much safer trade
I put a pending long 1.0747+1. I see several supports 1.0740/1.0717. I see some 1.0798/1.0818. Not including 1.0835 and others.. One step at a time. Pa is between the big zone 1.07/1.0835.. market makers can slap pa around. I will raise the entry if pa rises. Pa is bullish to me. A day or 2 close above 1.0835 will turn some indis bullish.

A 4h close below 1.0760 could be bearish..
those who can, do. those who cant, talk about those who can
  • #106,744
  • Feb 9, 2023 9:20am Feb 9, 2023 9:20am
Quoting gatorinla
{quote} I put a pending long 1.0747+1. I see several supports 1.0740/1.0717. I see some 1.0798/1.0818. Not including 1.0835 and others.. One step at a time. Pa is between the big zone 1.07/1.0835.. market makers can slap pa around. I will raise the entry if pa rises. Pa is bullish to me. A day or 2 close above 1.0835 will turn some indis bullish. A 4h close below 1.0760 could be bearish..
The 4h bear scenario would be better with a large red candle closing below 1.0760. The s/l above 1.0794. tp the difference in the large red candle close level, and 1.0794 X 1.5 or 2x.
those who can, do. those who cant, talk about those who can
  • #106,745
  • Feb 9, 2023 9:25am Feb 9, 2023 9:25am
Quoting gatorinla
{quote} The 4h bear scenario would be better with a large red candle closing below 1.0760. The s/l above 1.0794.
Do you mark your 4Hr closes off London time for Fibre and Cable? Or New york?
I use local times for each currencies 4Hr close.
  • #106,746
  • Feb 9, 2023 9:40am Feb 9, 2023 9:40am
Quoting Wulfgar
{quote} Do you mark your 4Hr closes off London time for Fibre and Cable? Or New york? I use local times for each currencies 4Hr close.
NY
those who can, do. those who cant, talk about those who can
  • #106,747
  • Edited 10:12am Feb 9, 2023 10:02am | Edited 10:12am
Quoting Wulfgar
{quote} Do you mark your 4Hr closes off London time for Fibre and Cable? Or New york? I use local times for each currencies 4Hr close.
PA sits between 4h R at 1.079x The current high. The breakout for the 4h is a long red candle closing below 1.0760.
That makes 1.0760 a support also. It can bounce there or near 1.0760. That bounce could fill in 1.0802+ candle.
On the day a large green candle closing above 1.0802 is bullish.. But the day has a much older trend. The days support is 1.0709. If the day was to close above 1.0802. That's about 97 pips. Target could be 1.5 or 2x higher +. The same with the 4h and the 38 pips. X 1.5 or 2.

All day the green candle has been filling, It dropped at the 4h R. But it could continue filling.
those who can, do. those who cant, talk about those who can
  • #106,748
  • Feb 9, 2023 10:07am Feb 9, 2023 10:07am
A potential 4h drop is setting up. Failing can be a wtf rise. ATM the center day support is 1.0752
those who can, do. those who cant, talk about those who can
  • #106,749
  • Feb 9, 2023 10:35am Feb 9, 2023 10:35am
Quoting gatorinla
A potential 4h drop is setting up. Failing can be a wtf rise. ATM the center day support is 1.0752
a bounce off 1.0744-1.0734 cocks the hammer, a bid over 1.0752 pulls the trigger

Hammer is cocked….
  • #106,750
  • Feb 9, 2023 10:39am Feb 9, 2023 10:39am
Quoting Wulfgar
{quote} a bounce off 1.0744-1.0734 cocks the hammer, a bid over 1.0752 pulls the trigger Hammer is cocked….
I will have to use that line sometimes.
those who can, do. those who cant, talk about those who can
  • #106,751
  • Feb 9, 2023 10:43am Feb 9, 2023 10:43am
Quoting gatorinla
{quote} I will have to use that line sometimes.
That quote got me through high school
  • #106,752
  • Feb 9, 2023 10:44am Feb 9, 2023 10:44am
I cancelled a pending short below 1.0818.. it still may be a scalp.. But atm watching other things.. If the bull day candle fills. It may run through before I can react.
those who can, do. those who cant, talk about those who can
  • #106,753
  • Feb 9, 2023 10:44am Feb 9, 2023 10:44am
Quoting Wulfgar
{quote} a bounce off 1.0744-1.0734 cocks the hammer, a bid over 1.0752 pulls the trigger Hammer is cocked….
trigger pulled

Stops seems fairly obvious
  • #106,754
  • Feb 9, 2023 10:44am Feb 9, 2023 10:44am
Quoting gatorinla
I cancelled a pending short below 1.0818.. it still may be a scalp.. But atm watching other things.. If the bull day candle fills. It may run through before I can react.
I pulled my short from there too….
  • #106,755
  • Feb 9, 2023 10:46am Feb 9, 2023 10:46am
Quoting gatorinla
{quote} I put a pending long 1.0747+1. I see several supports 1.0740/1.0717. I see some 1.0798/1.0818. Not including 1.0835 and others.. One step at a time. Pa is between the big zone 1.07/1.0835.. market makers can slap pa around. I will raise the entry if pa rises. Pa is bullish to me. A day or 2 close above 1.0835 will turn some indis bullish. A 4h close below 1.0760 could be bearish..
I picked up these cripples.
those who can, do. those who cant, talk about those who can
  • #106,756
  • Feb 9, 2023 11:08am Feb 9, 2023 11:08am
Gotta do it all over gain in reverse. 4h 1.0760 etc. Looking to trade either b/o close.
those who can, do. those who cant, talk about those who can
  • #106,757
  • Feb 9, 2023 12:06pm Feb 9, 2023 12:06pm
Quoting gatorinla
{quote} I picked up these cripples.
Closed longs on the little rise after close. That 4h red candle being below 1.0760 sets up a short to me.
those who can, do. those who cant, talk about those who can
  • #106,758
  • Feb 9, 2023 12:31pm Feb 9, 2023 12:31pm
Quoting Wulfgar
{quote} trigger pulled Stops seems fairly obvious
They are making me earn it
  • #106,759
  • Feb 9, 2023 12:38pm Feb 9, 2023 12:38pm
4h 1.0702 Is double
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those who can, do. those who cant, talk about those who can
  • #106,760
  • Feb 9, 2023 2:10pm Feb 9, 2023 2:10pm
Quoting Wulfgar
{quote} They are making me earn it
Still alive.... But wtf....
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simjo