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  • #113,141
  • Nov 16, 2023 9:42am Nov 16, 2023 9:42am
The Last support level I saw was my 200 SMA channel on the 30 second chart. The close of the 1st 5 mins of the NY Session trade was the opening VWAP price on my futures chart
  • #113,142
  • Nov 16, 2023 9:43am Nov 16, 2023 9:43am
[quote=FT.Trader;14657592]The Last support level I saw was my 200 SMA channel on the 30 second chart. The close of the 1st 5 mins of the NY Session trade was the opening VWAP price on my futures chart[/quote0878 is 200 SMA on 30 sec chart. Watching
  • #113,143
  • Edited 9:57am Nov 16, 2023 9:45am | Edited 9:57am
[quote=FT.Trader;14657595]
Quoting FT.Trader
The Last support level I saw was my 200 SMA channel on the 30 second chart. The close of the 1st 5 mins of the NY Session trade was the opening VWAP price on my futures chart[/quote0878 is 200 SMA on 30 sec chart. Watching
08676 is my VWAP estimate
Correction 08457 is my estimate
  • #113,144
  • Nov 16, 2023 9:47am Nov 16, 2023 9:47am
looks like stop-hunt. Should go 0920 next.
You have an IQ lower than 90 if you interact with this user.
  • #113,145
  • Nov 16, 2023 9:55am Nov 16, 2023 9:55am
Strange PA today Interest rares on Bonds down EURUSD up, Equties down telling another story... WTI in freefall.
  • #113,146
  • Nov 16, 2023 9:59am Nov 16, 2023 9:59am
Quoting FT.Trader
Strange PA today Interest rares on Bonds down EURUSD up, Equties down telling another story... WTI in freefall.
Somebody posted online that Call options on Russel 2000 are at an historic high after the 6% up day.
  • #113,147
  • Nov 16, 2023 10:31am Nov 16, 2023 10:31am
Quoting FT.Trader
Thankfully I'm on the sidelines. Taking a break, see you at the London Close.
I could be taking another break...
  • #113,148
  • Nov 16, 2023 10:31am Nov 16, 2023 10:31am
Indeed strange.. seems to be related to the stock market and warning from Wal-mart

i should have hedged stopped out

seems oil nosedived too..(any comment gator?)
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  • #113,149
  • Nov 16, 2023 10:45am Nov 16, 2023 10:45am
Quoting Ferna
Indeed strange.. seems to be related to the stock market and warning from Wal-mart i should have hedged stopped out seems oil nosedived too..(any comment gator?)
Today Is also the closing day for the Walmart Black Friday Trade. It's a very consistant trade..I've seen the data going back to the 1990's. You look for weakness in October and you sell on Wednesday the week before Black Friday.If you found the bottom, you were up 11% this year.
  • #113,150
  • Nov 16, 2023 10:56am Nov 16, 2023 10:56am
Quoting Ferna
Indeed strange.. seems to be related to the stock market and warning from Wal-mart i should have hedged stopped out seems oil nosedived too..(any comment gator?)
Nope. The trend is up. The dynamic pressure is down. The algo at 0765 was hit a few days ago. The next larger one one is 0706. The larger one 0406. PA dont need a reason to hit these. It just does.

last year at 0.09xx pa didnt need a reason to hit those 2 algos. But it hit them anyway.
Besides that pa was in that golden 0862/0959 area.
those who can, do. those who cant, talk about those who can
  • #113,151
  • Nov 16, 2023 11:14am Nov 16, 2023 11:14am
Quoting gatorinla
{quote}{image} Gold color here, is 2022 low, and this weeks low. After the RSI 14.1668. It made the low last year 2 days later. The gold color on the right at 17.4175 was last week. The 3 less violent blue bounce were 500-650 pips. The blue were with the rising trend. Any bounce now looks to be in a downtrend. In a down trend the bounce may be less. 0565/76 shallow. YPP at 0576. Year close at 0700. PA is bearish with momentum. I need to see if it bounces. I want to short higher. The trend is down. This is just an observation about the past. It does...
Quoting gatorinla
14.1668 9-27-2022 RSI. 14.4175 9-27-2023 RSI One year apart. The bounce last year started a little later. If 0455 can hold. It may rise in the shadow of NFP.
October 4 2023. pa started its rise after the low on October 3.

The 4 6 12h have a simulia pattern since 0886.
those who can, do. those who cant, talk about those who can
  • #113,152
  • Nov 16, 2023 11:19am Nov 16, 2023 11:19am
Quoting gatorinla
{quote} Nope. The trend is up. The dynamic pressure is down. The algo at 0765 was hit a few days ago. The next larger one one is 0706. The larger one 0406. PA dont need a reason to hit these. It just does. last year at 0.09xx pa didnt need a reason to hit those 2 algos. But it hit them anyway. Besides that pa was in that golden 0862/0959 area.
how about the oil move? you have good knowledge of energy
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  • #113,153
  • Nov 16, 2023 11:27am Nov 16, 2023 11:27am
I was thinking a clear shot at 1.0406 here. Since July hit a algo. In the blue box. But the stars aligned on July 3.. 10700 became possible. 1.0765 and even 0862. Does anyone see anything bullish in the blue box? I didnt, 0406 was what I saw. So if we close today below 0877/74 or better 0865. This may fall.
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those who can, do. those who cant, talk about those who can
  • #113,154
  • Nov 16, 2023 11:38am Nov 16, 2023 11:38am
Quoting Ferna
{quote} how about the oil move? you have good knowledge of energy
What happens in El Nino? Affect wise. That may be part of energy cost. Northern regions have milder weather. 20% of the young in China are unemployed. Maybe that will reduce demand. Maybe a combination of better fuel economy and EV. Maybe the M.E. blow up looks less likely with the China president meeting. Maybe a combination of it all. Maybe oil is just too high.
those who can, do. those who cant, talk about those who can
  • #113,155
  • Nov 16, 2023 11:46am Nov 16, 2023 11:46am
Quoting gatorinla
{quote} What happens in El Nino? Affect wise. That may be part of energy cost. Northern regions have milder weather. 20% of the young in China are unemployed. Maybe that will reduce demand. Maybe a combination of better fuel economy and EV. Maybe the M.E. blow up looks less likely with the China president meeting. Maybe a combination of it all. Maybe oil is just too high.
i meant the 5% drop in crude oil prices today. I think its alot?
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  • #113,156
  • Nov 16, 2023 11:52am Nov 16, 2023 11:52am
Domestically China has a employment and real-estate problem. Xi met with Biden. Xi for some reason has not given aid to Putin, it seems like. Xi economy is in the dumps. Xi, hat in hand probably gives the impression. He wants no sanctions. To get that deal. Xi probably had to commit to discouraging Iran to get involved in M.E. That may have freed/reduced some higher oil speculation.
those who can, do. those who cant, talk about those who can
  • #113,157
  • Nov 16, 2023 11:54am Nov 16, 2023 11:54am
Quoting Ferna
{quote} I think its alot?
That what she said
Go back to 2007 and 2008.. 5% not so much
those who can, do. those who cant, talk about those who can
  • #113,158
  • Nov 16, 2023 12:04pm Nov 16, 2023 12:04pm
Quoting gatorinla
{quote} That what she said Go back to 2007 and 2008.. 5% not so much
You have an IQ lower than 90 if you interact with this user.
  • #113,159
  • Nov 16, 2023 12:06pm Nov 16, 2023 12:06pm
Quoting gatorinla
Domestically China has a employment and real-estate problem. Xi met with Biden. Xi for some reason has not given aid to Putin, it seems like. Xi economy is in the dumps. Xi, hat in hand probably gives the impression. He wants no sanctions. To get that deal. Xi probably had to commit to discouraging Iran to get involved in M.E. That may have freed/reduced some higher oil speculation.

1. China economy is in shits atm. Physical trading cargo demand is weak. Can't move decent size on physical there atm.
2. Gasoil / Gasoline is reduced due to lower requirements from long haulers lack of business and transition of quite a large number of cars to LNG / EV
3. Winter isn't as cold as everyone expected, energy prices on SHFE dropping due to Coal reopening up from Aussie import.

Didnt really think of the Iran angle on the M.E. but interesting perspective.
Would long USDCNH here if i could but way too manipulated, most people looking at >7.4 in 2024
  • #113,160
  • Nov 16, 2023 12:10pm Nov 16, 2023 12:10pm
October 3 and 4 bottom forming. 1h
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those who can, do. those who cant, talk about those who can
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