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The Swamp

  • #114,541
  • Jan 16, 2024 11:26pm Jan 16, 2024 11:26pm
The AC slow and steady broke it's 200 day with a close under.
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  • #114,542
  • Jan 16, 2024 11:37pm Jan 16, 2024 11:37pm
Quoting gatorinla
The AC slow and steady broke it's 200 day with a close under. {image}
If you shorted the AUD. It has closed a day below its 200. It needs to close a day below 0.6531.. A range may form between 6531 and 0.6583.. That's about a 50 pip range. You read all red sea stuff. So it may continue dropping. So if your short You want that day below .6531 and the 200 is a R on day close. Unless it breaks. Those smaller ma's can resist also.
Cad is about the same on the bull side chart to follow
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  • #114,543
  • Jan 16, 2024 11:46pm Jan 16, 2024 11:46pm
Quoting gatorinla
{quote} If you shorted the AUD. It has closed a day below its 200. It needs to close a day below 0.6531.. A range may form between 6531 and 0.6583.. That's about a 50 pip range. You read all red sea stuff. So it may continue dropping. So if your short You want that day below .6531 and the 200 is a R on day close. Unless it breaks. Those smaller ma's can resist also. Cad is about the same on the bull side chart to follow {image}
I wont do all u.s. crosses. But they all favor the usd atm. The uc closed a day above its own 200 day.. But be careful if it can't close a day above 1.3562.. That area may range also. I'm more confident in the ones that crossed their 200. But the eu is the largest in the basket. Its good to have it closing a day below 0841 to help those others move.
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  • #114,544
  • Jan 16, 2024 11:48pm Jan 16, 2024 11:48pm
The yen is taken to the woodshed more than most. The usd is doing the whipping across the board..
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  • #114,545
  • Jan 16, 2024 11:55pm Jan 16, 2024 11:55pm
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  • #114,546
  • Jan 17, 2024 12:02am Jan 17, 2024 12:02am
Quoting gatorinla
8h is testing this current h close ends the 8h. {image}
The eu 8h closed slightly on the bear side. The 12h closes in 4hs. The next 12h challenge may be 0840.x
See you in 4h
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  • #114,547
  • Jan 17, 2024 1:04am Jan 17, 2024 1:04am
Quoting gatorinla
News the rest of the week {image}
GBP had good currency news. Eu 0864.9 or 0874.7 R may be tested.. If it makes a LL after well u know..If it aint closing above these, its closing below harder.
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  • #114,548
  • Jan 17, 2024 1:07am Jan 17, 2024 1:07am
Quoting gatorinla
{quote} GBP had good currency news. Eu 0864.9 or 0874.7 R may be tested.. If it makes a LL after well u know..If it aint closing above these, its closing below harder. {image}
It popped up and fell down atm
That last closed red 1h candle is one some use to long. Once the open candle passes the red candles high.. But in this case Its into those R's. So to me a slap down, is not bullish, a LL is bearish
Back to bed.. my news alarm went off.
See you closer to 0840
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  • #114,549
  • Jan 17, 2024 1:11am Jan 17, 2024 1:11am
Quoting gatorinla
{quote} GBP had good currency news. Eu 0864.9 or 0874.7 R may be tested.. If it makes a LL after well u know..If it aint closing above these, its closing below harder. {image}
I was looking to short it on retracement to 1.0925-30, but looks like 1.09 might be new resistance.
  • #114,550
  • Jan 17, 2024 1:18am Jan 17, 2024 1:18am
Quoting LoneTrader1
{quote} I was looking to short it on retracement to 1.0925-30, but looks like 1.09 might be new resistance.
R may be closer. It may bounce over that gbp news. But if it makes a LL, 0840/41 or 08001 areas may be the next chance to bounce. 0874/75 may have some R. LC at 0885.. 6h R 0887
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  • #114,551
  • Jan 17, 2024 1:26am Jan 17, 2024 1:26am
GBP looks bullish.. If it loses its foothold above 3634. It may fall. A LL is a rejection now..
That blue number is a 4h 200ema it may resist. Any break should close above blue, with a pretty, long candle . The yellow supporting the low is a 6h
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  • #114,552
  • Jan 17, 2024 1:29am Jan 17, 2024 1:29am
NU going to hit the ADR at .698 before NY open
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Its all just one persons opinion
  • #114,553
  • Jan 17, 2024 1:39am Jan 17, 2024 1:39am
The gbp is a untamed beast.. its been following some..
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  • #114,554
  • Jan 17, 2024 1:46am Jan 17, 2024 1:46am
Wonder where the Footsie gonna stop..
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  • #114,555
  • Jan 17, 2024 1:49am Jan 17, 2024 1:49am
Quoting supertubes
Wonder where the Footsie gonna stop.. {image}
Red sea unrest hurts profits, supply chain/ helps inflation. Those who rely the most on it, will hurt the most. The market sees it.
those who can, do. those who cant, talk about those who can
  • #114,556
  • Jan 17, 2024 1:53am Jan 17, 2024 1:53am
Quoting gatorinla
GBP looks bullish.. If it loses its foothold above 3634. It may fall. A LL is a rejection now.. That blue number is a 4h 200ema it may resist. Any break should close above blue, with a pretty, long candle . The yellow supporting the low is a 6h {image}
I closed my scalp trades too soon.
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  • #114,557
  • Jan 17, 2024 1:53am Jan 17, 2024 1:53am
Quoting gatorinla
{quote} Red sea unrest hurts profits, supply chain/ helps inflation. Those who rely the most on it, will hurt the most. The market sees it.
Just reading news about inflation Data...
  • #114,558
  • Edited 2:13am Jan 17, 2024 2:01am | Edited 2:13am
Quoting supertubes
{quote} Just reading news about inflation Data...
Think about that ship caught in the Suez canal a few years back. It forced ships to go around South Africa. It added cost. The same thing with the Red Sea. Plus in this case insurance is up. That is above the stuck ship rise in shipping cost. That is inflation because things cost more. That is companies making less profit. Both hurt stock prices. Those who rely on that Red Sea shipping most, stocks will be hurt most. Thos countries will hurt more. The currency follows
Some shippers stock may rise. Because they will charge more.
Oil will rise. Oil affects all goods.
Tada.. for a few million bucks supplying terrorist. The Oil rich countries make billions more.

The day China gets pissed.. The Red Sea will open. China shoots itself in the foot over Taiwan. Because of that, China sides with the Putin and the Iran gang. Putin and the gang hurt China exports/imports with this Red sea..
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  • #114,559
  • Jan 17, 2024 2:26am Jan 17, 2024 2:26am
back to bed.. 12h closes in 1.5 hs. The 12h gbp closing -2634 may bring bears. A day close is stronger. Ditto eu 0874 and less. That GBP news woke usd bears some
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  • #114,560
  • Jan 17, 2024 4:02am Jan 17, 2024 4:02am
Quoting gatorinla
back to bed.. 12h closes in 1.5 hs. The 12h gbp closing -2634 may bring bears. A day close is stronger. Ditto eu 0874 and less. That GBP news woke usd bears some {image}
Both closed above the posted numbers.
eu 0886/87 look to come test. gu 2703/04,, Maybe more for both.
Pa below 0874 eu, and gu -2634 may be a rejection.
Also gu 2708/09 area may have residual R
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