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  • #118,001
  • Jun 17, 2024 7:40am Jun 17, 2024 7:40am
I like to shoot for 0687 from R this time of day. It often makes a run like that before London closes. I have chosen to sit it out. That last leg down can retrace to 078ish. Plus the pobo is about 0787/88.. Has a projected tl out to 0788 using the larger upper one to time it out in the future. There is nothing here to make it go up or down. I'm just using the time intersection of 2 points. It dont mean it will get there or time it. When a tl works, it works. When resistance works. it works. So if the little channel develops. Price could be at 0788 before Tomorrow before London closes. I say that because 0788 may attract as well as resist. I dont know what it will do. At that time/point. The traders using trend lines may close longs. Some will enter shorts using trendlines. Some will use past support to tp longs. Some will short past support, being resistance. Some will use the retraced leg.. Some will use the 200 day sma. All of that is in the same area. m There is also some stuff 0724/35 area. I just went with stuff near that tl, and the past retraced leg size. Nothing more than trying to get a lot of things to agree. To attempt to find where most of the volume may lay. It can still run to 0687. It can rise there too. 0788/91.x. I think would be a good place for a short. PA may not get there.
If i messed up not shorting on a signal after 0714. You will see it when it hits 0687 first..that 12 h close stopped me from shorting
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  • #118,002
  • Jun 17, 2024 7:54am Jun 17, 2024 7:54am
better than forecast news should be good for the usd. If it can't break the magenta, it should rise.

If it does break down. 0687 should pull.
Good news should drop eu.. It got good news.
LC pull should to 0687.. It has that potential.

If it does not drop.. It will rise.
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  • #118,003
  • Jun 17, 2024 8:38am Jun 17, 2024 8:38am
Its been an hour after good usd news, and no drop.
those who can, do. those who cant, talk about those who can
  • #118,004
  • Jun 17, 2024 2:50pm Jun 17, 2024 2:50pm
Quoting gatorinla
I like to shoot for 0687 from R this time of day. It often makes a run like that before London closes. I have chosen to sit it out. That last leg down can retrace to 078ish. Plus the pobo is about 0787/88.. Has a projected tl out to 0788 using the larger upper one to time it out in the future. There is nothing here to make it go up or down. I'm just using the time intersection of 2 points. It dont mean it will get there or time it. When a tl works, it works. When resistance works. it works. So if the little channel develops. Price could be at 0788...
It has a 1h close above 0732. ADR is about 56 pips now. A new day will reset this adr. Today still has room to reach 0744. A close in this current area leaves a chance for 0788. If it manages to get to 0788 tonight. First I would shoot for is 0716 before the London close tomorrow.
ATm price has stayed in the untested channel.
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  • #118,005
  • Jun 17, 2024 3:00pm Jun 17, 2024 3:00pm
Options here.. I dont see anything that agrees with 0788.. That's ok.. It didnt make the one in bold 0670 today either.
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  • #118,006
  • Jun 17, 2024 3:16pm Jun 17, 2024 3:16pm
If one looks at those options. there is nothing in the 0788 area. Smaller numbers up to 775. But it may still have the attraction to 0787/88.. PA has a chance to be stuck below 0740, it may run sideways there. 0716 can pull it. Earlier missed the attraction to Friday's level. The point being it may take more time to reach 0788. It may run sideways first. 0740 could be the place price lingers on. I dont know if it will make it to 0788. I do know it may be attracted to it.
The measured leg is less than 0788.. The option 0775. So lets say its an area.
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  • #118,007
  • Jun 17, 2024 9:28pm Jun 17, 2024 9:28pm
Quoting gatorinla
If one looks at those options. there is nothing in the 0788 area. Smaller numbers up to 775. But it may still have the attraction to 0787/88.. PA has a chance to be stuck below 0740, it may run sideways there. 0716 can pull it. Earlier missed the attraction to Friday's level. The point being it may take more time to reach 0788. It may run sideways first. 0740 could be the place price lingers on. I dont know if it will make it to 0788. I do know it may be attracted to it. The measured leg is less than 0788.. The option 0775. So lets say its...
Its now below 0740. It resisted so far making it the high. I'm shooting for 0788 still. I may be wrong. Anyway 0723 can support. 0716 can attract. Ideally for my plan is to run from 0723 o6 to 0788, and fall. My plan may be wrong.
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  • #118,008
  • Jun 18, 2024 2:18am Jun 18, 2024 2:18am
The last h close is above 0732. She is poised to take a swing at 0740 again. +0740 12h close should let it run up some. Some smaller closes above 0744 may run.
Sos about 0788. But if it reaches 0775/82. That may be ok on some scales. I'm thinking 0788/92. Don't be mad if its off some. I hate to extend a prediction 30 pips above 0740.
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  • #118,009
  • Jun 18, 2024 2:48am Jun 18, 2024 2:48am
Using the channel to time. To hit 0788, and stay under that upper tl. It needs to do it before LC. The white channel, I put lower edge. Has been run over several times. If it dont run to 0788 before LC. The contained pa is doing its own pointing to a later time.
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  • #118,010
  • Jun 18, 2024 3:03am Jun 18, 2024 3:03am
Quoting gatorinla
Using the channel to time. To hit 0788, and stay under that upper tl. It needs to do it before LC. The white channel, I put lower edge. Has been run over several times. If it dont run to 0788 before LC. The contained pa is doing its own pointing to a later time. {image}
If it does form the channel it may stay above 0719.
The channel bottom may atm be at 0720x.. PA is there now.
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  • #118,011
  • Jun 18, 2024 3:07am Jun 18, 2024 3:07am
Quoting gatorinla
{quote} If it does form the channel it may stay above 0719. The channel bottom may atm be at 0720x.. PA is there now. {image}
PA has a attraction to 0716. 0720 is 4 pips above.. Not reaching 0716 may not be bearish.
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  • #118,012
  • Jun 18, 2024 3:17am Jun 18, 2024 3:17am
Next h is a 12h close. (43 min)
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  • #118,013
  • Jun 18, 2024 3:25am Jun 18, 2024 3:25am
Quoting gatorinla
Next h is a 12h close. (43 min) {image}
broke this lower one. The pull to 0716 is stronger than 0788 atm. Once to 0716. It may end enough for 0788 to pull.
That 12h close can also move it to 740. less than an hour. It should rise/fall some.
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  • #118,014
  • Jun 18, 2024 3:45am Jun 18, 2024 3:45am
The bad thing about waiting for a level. It may not come. I knew 0740 could stop it. But as said. The leg size has it going to 077x. And attraction to 0788 is close to that. I get burned chasing.. So I wait a little more. My day trade would of hit 0716, had I taken it. Anyway it hit 0716. That may free up the attraction to 0716. The attraction to 0788 should show itself if its ready.
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  • #118,015
  • Jun 18, 2024 4:24am Jun 18, 2024 4:24am
The 12h let 0716 survive closing above.
3 hs from now. bad usd news may give 0788. *Good usd news should not.
If it drifts up on *good usd news. It may be best to let it run to 077x/8x.
U.S. bank holiday tomorrow. The cat will be away
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  • #118,016
  • Jun 18, 2024 4:29am Jun 18, 2024 4:29am
Quoting gatorinla
The 12h let 0716 survive closing above.
DXY at previous major support turned resistance 105.53
Its all just one persons opinion
  • #118,017
  • Jun 18, 2024 4:30am Jun 18, 2024 4:30am
Quoting axecap
{quote} DXY at previous major support turned resistance 105.53
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Its all just one persons opinion
  • #118,018
  • Jun 18, 2024 4:35am Jun 18, 2024 4:35am
Quoting axecap
{quote} DXY at previous major support turned resistance 105.53
what about the euro index? Fridays the euro got weak on many pairs.
those who can, do. those who cant, talk about those who can
  • #118,019
  • Jun 18, 2024 4:44am Jun 18, 2024 4:44am
Quoting gatorinla
{quote} what about the euro index? Fridays the euro got weak on many pairs.
just about back to fridays level before it fell apart. France political panic eased a bit
Its all just one persons opinion
  • #118,020
  • Jun 18, 2024 4:48am Jun 18, 2024 4:48am
Quoting axecap
{quote} just about back to fridays level before it fell apart. France political panic eased a bit
If i get lucky with 0788.. It may open the floor. Friday's close dont look euro positive.
If the eu runs to 0788 it may just be the fluid part equalizing. Probably nothing to do with the euro being bullish fundamentally. PA likes to return to the scene of the crime.
If it does, I will be there to short.
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