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  • #115,681
  • Mar 5, 2024 3:47am Mar 5, 2024 3:47am
Quoting gatorinla
{quote} 0842 held support earlier. 0860 held the close off yesterday. 0860+ close may be more lean from bulls to the upper 089x range. But a close below 0842 today may mean down.. even so 0829 0793 can hold off bears. But like I said, the month did close below 0829. This may be a tricky up move and a down move range. Gu bulls want to close today above 2698.. Bears below it and 2681. EU and GU are somewhere in the upper 3/4 of the range. {image}
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those who can, do. those who cant, talk about those who can
  • #115,682
  • Mar 5, 2024 3:56am Mar 5, 2024 3:56am
Jury duty for me today.. .. NFP week.
Maybe this is pump before dump. That month candle was a "what the fuck" candle.
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those who can, do. those who cant, talk about those who can
  • #115,683
  • Mar 5, 2024 5:19am Mar 5, 2024 5:19am
Today's 05/03/24 Support & Resistance on MT5 Template

EURO
CABLE
JPY/USD
GOLD

https://www.forexfactory.com/thread/...8#post14781248
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #115,684
  • Mar 5, 2024 5:34am Mar 5, 2024 5:34am
GOLD, December High/ All time High @ 2144.65 will be tested today
will be interesting to watch
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FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #115,685
  • Mar 5, 2024 6:15am Mar 5, 2024 6:15am
Quoting gatorinla
{quote} I will try one at 2125.90 with a small stop.
hi what's your target for now ?
  • #115,686
  • Mar 5, 2024 6:43am Mar 5, 2024 6:43am
Quoting moshnjack
{quote} hi what's your target for now ?
I dont have one. If it can hang on. Friday it may fall or not after NFP.
Maybe a 50% retrace, 2054/55 ish..
those who can, do. those who cant, talk about those who can
  • #115,687
  • Mar 5, 2024 7:08am Mar 5, 2024 7:08am
Quoting Ferna
China might become self-sufficient on oil: https://www.youtube.com/watch?v=3wvQbR5EEmA
Don't hold me to a exact number. I seem to remember China importing 10/15 % worth of Australian exports in coal. If China is getting NG off that field. China will need less coal. China may need to buy steel to make pipe. To pips it around the country. Include brass for valves and whatever. Less trucks/ships should be needed to deliver coal. A lot less labor, if its piped onshore will be needed. Turning a valve is less labor than shoveling coal. It may clean up the air some in China. China may have enough metallurgical coal to make steel. A cut to Australia exports of coal. May hurt the currency over time. The timing on getting the oil/ng a shore I dont know. It looks to weigh on the AUD currencies over time. That may help the kiwi rise comparably over time verse the aud.
those who can, do. those who cant, talk about those who can
  • #115,688
  • Mar 5, 2024 7:31am Mar 5, 2024 7:31am
Watching GOLD
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #115,689
  • Mar 5, 2024 12:21pm Mar 5, 2024 12:21pm
Quoting gatorinla
{quote}{image} {image}
GU bulls reached The year close. I would not be the farm on it. But that can be the high
those who can, do. those who cant, talk about those who can
  • #115,690
  • Mar 5, 2024 3:38pm Mar 5, 2024 3:38pm
Bitcoin just crashed 15%... I know the hodl people will say it is no problem, but this definitely has an impact on the lately euphoria
Pension fund Return This Month: 2.2%
  • #115,691
  • Mar 5, 2024 6:51pm Mar 5, 2024 6:51pm
Quoting gatorinla
{quote} Don't hold me to a exact number. I seem to remember China importing 10/15 % worth of Australian exports in coal. If China is getting NG off that field. China will need less coal. China may need to buy steel to make pipe. To pips it around the country. Include brass for valves and whatever. Less trucks/ships should be needed to deliver coal. A lot less labor, if its piped onshore will be needed. Turning a valve is less labor than shoveling coal. It may clean up the air some in China. China may have enough metallurgical coal to make steel....
Well the location is quite favorable, it’s not written in stone that they may start using it right away.
But as you say the infrastructure might be in place, the gas might be used early.
It could be treated as a strategic petroleum reserve, and keep importing russian oil. But may i’m underestimating the size and importance of this oil field?
If i were the chinese i would use surplus of energy to make clean energy. It will lower cost of production.
You have an IQ lower than 90 if you interact with this user.
  • #115,692
  • Mar 5, 2024 7:05pm Mar 5, 2024 7:05pm
I am going to try and limit my posting in a tread called " EURUSD only" I finds that tread - specially the admin like chilli sauce hurting my tong after having a Kebab at my favourite Turkish Kebab shop - I can't believe how SNPRR's EURUSD got stolen
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #115,693
  • Mar 6, 2024 4:12am Mar 6, 2024 4:12am
Bring on that 2155 on Gold baby
Today's Support & Resistance for Euro on MT5 Template

EURO
CABLE
USDJPY
GOLD

https://www.forexfactory.com/thread/...3#post14783173
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #115,694
  • Mar 6, 2024 4:14am Mar 6, 2024 4:14am
Good Morning Traders


Inserted Video
FX is a Bitc*h!, No one keeps me wake all night but FX does!!
  • #115,695
  • Mar 6, 2024 4:35am Mar 6, 2024 4:35am
Quoting gatorinla
{quote} GU bulls reached The year close. I would not be the farm on it. But that can be the high
GU is in that year close area.. EU in that 0870 area.
those who can, do. those who cant, talk about those who can
  • #115,696
  • Edited 4:53am Mar 6, 2024 4:43am | Edited 4:53am
Quoting Ferna
{quote} Well the location is quite favorable, it’s not written in stone that they may start using it right away. But as you say the infrastructure might be in place, the gas might be used early. It could be treated as a strategic petroleum reserve, and keep importing russian oil. But may i’m underestimating the size and importance of this oil field? If i were the chinese i would use surplus of energy to make clean energy. It will lower cost of production.
It takes oil and energy to produce those solar panels.

I thought I posted eu 0870 area and gu 2730 area yesterday. Evidently I did not. Maybe on a chart. I wouldn't bet the farm. Those have R potential. On the GBP those year closes can be high areas. 0870 is between the last 2 years close. Taken with gu 272x. Both can be at places to look. In front of NFP pa often pumps to a extreme high. Those can be decent. eu 0870 may no be extreme. But it may be decent. It went up enough to change several trend indicators I use. It has not turned the tougher indicator. The 8h or 12h one I use is still bearish. I know bears need to day close below 0720/24. But they may also need to take eu 0707, and 0665. These can be support. Plenty more in the path..
those who can, do. those who cant, talk about those who can
  • #115,697
  • Edited 6:55am Mar 6, 2024 6:41am | Edited 6:55am
News in 35 minutes. The larger move dont usually start till after NFP. A few cycles ago, it started before Friday. Most things I have point bullish. That can happen in a range. It looks like the GU can break out North. That requires breaking out above 273x+ Closes would be helpful. Its been above this area several times this week. So far it has not run much above. If price drops below the support at 2701. It could continue a fall. Friday is NFP. So if it manages to close Friday below 2701. Off the year close, that may continue down.

EU could have a similar reaction below 0854. 0854 can support too.
those who can, do. those who cant, talk about those who can
  • #115,698
  • Mar 6, 2024 6:58am Mar 6, 2024 6:58am
Quoting gatorinla
News in 35 minutes. The larger move dont usually start till after NFP. A few cycles ago, it started before Friday. Most things I have point bullish. That can happen in a range. It looks like the GU can break out North. That requires breaking out above 273x+ Closes would be helpful. Its been above this area several times this week. So far it has not run much above. If price drops below the support at 2701. It could continue a fall. Friday is NFP. So if it manages to close Friday below 2701. Off the year close, that may continue down. EU could have...
I just closed EU Longs and 1 small GU S for 3 pips. .. all I have is a gold S sat at -12
  • #115,699
  • Mar 6, 2024 7:16am Mar 6, 2024 7:16am
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Not good news for USD
GBP 2701 support.
EU 0854 support.
PA below these may be a rejection of bulls.
those who can, do. those who cant, talk about those who can
  • #115,700
  • Mar 6, 2024 7:22am Mar 6, 2024 7:22am
Quoting gatorinla
{image} Not good news for USD GBP 2701 support. EU 0854 support. PA below these may be a rejection of bulls.
It does make me wonder... Last 10 days or so most USD news has been a little negative and yet the Euro struggles make much of a move, As you have said a few times .. if it falls do not get in the way.
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