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  • #114,521
  • Jan 16, 2024 10:20am Jan 16, 2024 10:20am
That 15 min candle will have some scalpers buying. On the current candle rising above.
Upside may not go much past 0887/90. The closes on the 6h 200, and the 12h dynamic trend favors shorts. The old 12h was at 0894. If it has residual value is unknown. With the acknowledgment the day 200 is below at 0801. Also the dynamic day trend at 0741.. Clear with a - day close, and you may have a convoy. Pa is still on the bullish side of 0801 and 0741
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those who can, do. those who cant, talk about those who can
  • #114,522
  • Jan 16, 2024 10:34am Jan 16, 2024 10:34am
The ua has been under it 200 day today. it has a chance to close below. AUD .6603
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those who can, do. those who cant, talk about those who can
  • #114,523
  • Jan 16, 2024 10:42am Jan 16, 2024 10:42am
The euro weakness (usd strength verse majors) passed the the other majors.
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those who can, do. those who cant, talk about those who can
  • #114,524
  • Jan 16, 2024 11:33am Jan 16, 2024 11:33am
These weeks that are shortened due to a Monday holiday seem more difficult to trade.
  • #114,525
  • Jan 16, 2024 12:12pm Jan 16, 2024 12:12pm
A new 4h close below 0864.7.. It may end up s/r like 0887. 0887 seems to holding so far. The next 4h is a day close. These closes are unlikely to be bullish. Some range may be 0864/0887. The next rung lower at 0840 12h, day 0801
This 4h has little wick below its close.
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those who can, do. those who cant, talk about those who can
  • #114,526
  • Jan 16, 2024 12:17pm Jan 16, 2024 12:17pm
With 4hs to go. The current day candle (unclosed) looks like this. A long red candle with little shadow (wick below). If it looks like this on close today. It looks like a breakout day candle. If this continues a few days. It can make a decent week breakout candle.. That has a chance to close below 0741.. Maybe next week. The week average range at 0811
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those who can, do. those who cant, talk about those who can
  • #114,527
  • Jan 16, 2024 4:09pm Jan 16, 2024 4:09pm
Quoting gatorinla
With 4hs to go. The current day candle (unclosed) looks like this. A long red candle with little shadow (wick below). If it looks like this on close today. It looks like a breakout day candle. If this continues a few days. It can make a decent week breakout candle.. That has a chance to close below 0741.. Maybe next week. The week average range at 0811 {image}
The day looks like this. It closed under the 6h 200 ema/sma. So far it was stopped from going lower by the 8h ema 200.

the 6h has resisted pa is between the 6h, 8h, 200 ema. It may range there.
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those who can, do. those who cant, talk about those who can
  • #114,528
  • Jan 16, 2024 4:21pm Jan 16, 2024 4:21pm
Bank earnings good but they still drop in value
Market planning a heist?
Inserted Video
You have an IQ lower than 90 if you interact with this user.
  • #114,529
  • Jan 16, 2024 4:30pm Jan 16, 2024 4:30pm
Quoting Ferna
{quote} hey gator, you a position trader? How to look a,t higher timeframes? well the end of 2023 was like a faulty movement to me i just ride along it, trying to practice trading under different circumstances. I only done this for a year, so i tried to learn as much as i can in that time. But i knew it would correct if weighing the data. news seem to fit to whatever happens, so i don’t really take much of what they say seriously, they go on with disaster news for the U.S whenever dollar or equity falls, and go with overly positive news when dollar...
Before the year ended I posted about 1041.. It closed below 1041. Also if you read a headline out there. There is a better chance for inflation since the last FOMC. What's happening in the Red Sea can blow up inflation. It has not yet. But those rate cuts were forward leaning. That colder weather, and the Red Sea were not part of the FOMC calculation. Another thing being, Putin, Iran, N. Korea, China dont want Bidden to win. These are all allies. The ship attackers are proxies of Iran. The attacks on Israel dont help the M.E. powderkeg. High inflation will hurt Biden. It ain't rocket science. It's just the way things are. I can Imagine the next year being full of inflationary surprises from Putin and friends. I kinda expect it.

Also that cols whether can knock a few ticks off the monthly for U.S. Europe. But mostly Canada, Swiss. Now add in Aussie/ Kiwi Japan Red sea shipping. That helps the USD. More so if they reduce the chance of a rate cut lower than 3 next year. Inflation can do that
those who can, do. those who cant, talk about those who can
  • #114,530
  • Jan 16, 2024 4:42pm Jan 16, 2024 4:42pm
Quoting Ferna
Bank earnings good but they still drop in value Market planning a heist? https://www.youtube.com/watch?v=EuFMPI4CJTE
Spaghetti Western
those who can, do. those who cant, talk about those who can
  • #114,531
  • Jan 16, 2024 4:44pm Jan 16, 2024 4:44pm
Quoting gatorinla
{quote} Before the year ended I posted about 1041.. It closed below 1041. Also if you read a headline out there. There is a better chance for inflation since the last FOMC. What's happening in the Red Sea can blow up inflation. It has not yet. But those rate cuts were forward leaning. That colder weather, and the Red Sea were not part of the FOMC calculation. Another thing being, Putin, Iran, N. Korea, China dont want Bidden to win. These are all allies. The ship attackers are proxies of Iran. The attacks on Israel dont help the M.E. powderkeg....
Thank you. Yeah i noticed the activity of mentioned allies increased a bit. Maersk and Shell.
add a snow layer too, it reflects sunlight. Keeps cold for longer.
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You have an IQ lower than 90 if you interact with this user.
  • #114,532
  • Jan 16, 2024 4:47pm Jan 16, 2024 4:47pm
For maths sake I explained the 10 days around Africa. Means 10 days back. Thats 20 extra days of shipping cost.

Or the insurance cost is up 300%. Either way is more expensive since FOMC https://www.businessinsurance.com/ar...Sea-disruption
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those who can, do. those who cant, talk about those who can
  • #114,533
  • Jan 16, 2024 4:52pm Jan 16, 2024 4:52pm
Quoting Ferna
{quote} Thank you. Yeah i noticed the activity of mentioned allies increased a bit. Maersk and Shell. add a snow layer too, it reflects sunlight. Keeps cold for longer. {image}
Hedge funds bailed some on the longs. They are in deep shit with a big fall
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those who can, do. those who cant, talk about those who can
  • #114,534
  • Jan 16, 2024 5:23pm Jan 16, 2024 5:23pm
Quoting gatorinla
I think bulls need to continue closing above 1055, and 1041.The 12h did both. This is where it b/o, and later slipped. The last time it beat 1054.2 July. Still learning. Bulls didnt take 1055 when they could have yesterday. That may be a miss in taking a HH close. Jut me thinking {image} {image}
The point I had it dropping was the miss at 1055. Later the year close below 1041. Bulls had no foundation on a large year time frame.
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those who can, do. those who cant, talk about those who can
  • #114,535
  • Jan 16, 2024 6:38pm Jan 16, 2024 6:38pm
News the rest of the week
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those who can, do. those who cant, talk about those who can
  • #114,536
  • Edited 11:03pm Jan 16, 2024 10:53pm | Edited 11:03pm
Quoting gatorinla
{quote} The day looks like this. It closed under the 6h 200 ema/sma. So far it was stopped from going lower by the 8h ema 200. the 6h has resisted pa is between the 6h, 8h, 200 ema. It may range there. {image} {image} {image}
6 hs later..
It went near 0887 6h, and fell to 0864 8h. need 0840 12h and 0801 to fall. This is still a support area that can bounce. Besides needing a day close below the 200 day at 0804. It may trap some bears without closing a day below 0741 too. Near 0750 can bounce. In a trap like move. Bears will get comfortable below the 200 day ema closed. This point has to 0750, and 0741 with a day close below. Don't trust it if its unable to close below 0741.. If it gets there. The 8h 12h and day is in the way now. Today we can cross those.
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those who can, do. those who cant, talk about those who can
  • #114,537
  • Jan 16, 2024 11:04pm Jan 16, 2024 11:04pm
Quoting gatorinla
{quote} 6 hs later.. It went near 0887 6h, and fell to 0864 8h. need 0840 12h and 0801 to fall. This is still a support area that can bounce. Besides needing a day close below the 200 day at 0804. It may trap some bears without closing a day below 0741 too. Near 0750 can bounce. In a trap like move. Bears will get comfortable below the 200 day ema closed. This point has to 0750, and 0741 with a day close below. Don't trust it if its unable to close below 0741.. If it gets there. The 8h 12h and day is in the way now. Today we can cross those. {image}...
ADR at 0809, and Week average range at 0811. The next 8h closes in 1h, atm we are close to 8h 0864.9. The next 12h closes in 5 hs. I'm watching like you. PA is within striking distance now of both.
those who can, do. those who cant, talk about those who can
  • #114,538
  • Jan 16, 2024 11:13pm Jan 16, 2024 11:13pm
Experience tells me when few post, than most are caught in a red trade. I'm seeing few post. Sorry about that. I haven't seen a bull sign since losing 1041. If pa closes a day below 0741. I dont see a reason it wont go lower. It may bounce some after. But these same 200s are in the way as R. Good luck

It has not broken those 200s yet. I dont know if it will. One can see the 6h is acting like R now. A slip below the 8h,lines up the 12h and so forth.
those who can, do. those who cant, talk about those who can
  • #114,539
  • Jan 16, 2024 11:18pm Jan 16, 2024 11:18pm
8h is testing this current h close ends the 8h.
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those who can, do. those who cant, talk about those who can
  • #114,540
  • Jan 16, 2024 11:20pm Jan 16, 2024 11:20pm
It missed my sell limit at 1.0990, also didn't get in USDCAD.
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