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The Swamp

  • #119,841
  • Dec 16, 2024 10:00am Dec 16, 2024 10:00am
Quoting gatorinla
{quote} Take the sure money. If it does bounce re-enter. If not, call it a day Right now if it closes this h below 0502, most often. It favors down. Maybe till adr. The same may be true with a long on this hour close above 0505 and adr. Depending on the direction, 0502/05 can be s or r But the north side may stop at 0538 30 This h close may gap
The close was 0506
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  • #119,842
  • Dec 16, 2024 10:10am Dec 16, 2024 10:10am
I dont know how high this will go.. I still see a lot of R 0515/65..But st pa today favors a rise with that close above 0505. But if it falls back below 0502.. It may drop. 0489 is finished.. 0502/06 may support.. Or resist when below. Closes help to weed out the fakes
Possible long or short off this area
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  • #119,843
  • Dec 16, 2024 10:15am Dec 16, 2024 10:15am
The day trade is smaller than that orange box.. I dont like trades with such limits on a move.. Bullish into a limited move.. the larger players run over the smaller players
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those who can, do. those who cant, talk about those who can
  • #119,844
  • Dec 16, 2024 10:28am Dec 16, 2024 10:28am
Quoting gatorinla
The day trade is smaller than that orange box.. I dont like trades with such limits on a move.. Bullish into a limited move.. the larger players run over the smaller players {image}
The situation isn't telling a true direction, but the bears are still in power play over the bulls..... There should be a retest of 1.04400 through the next Asian section, if it holds... There maybe a shift around there. But there may not be a retest of 1.06000 again this year.
  • #119,845
  • Dec 16, 2024 10:43am Dec 16, 2024 10:43am
I have that close as bullish. To me the upside is limited. I will not trade it North this time. I dont have a set place to considere a short. 0520/22/38 looks interesting. I didnt think it would close lc above 0505. That's just me. Factually it did close that st sign to long. I just dont think it will go far because whats there. I thought 0458 was coming to test today. But that LC close above 0505 was not inline with 0458. Anything can still happen.. Things will change, numbers will expire. PA may make another run toward 0520. I will just wait for a new clue
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  • #119,846
  • Dec 16, 2024 11:38am Dec 16, 2024 11:38am
Quoting gatorinla
I have that close as bullish. To me the upside is limited. I will not trade it North this time. I dont have a set place to considere a short. 0520/22/38 looks interesting. I didnt think it would close lc above 0505. That's just me. Factually it did close that st sign to long. I just dont think it will go far because whats there. I thought 0458 was coming to test today. But that LC close above 0505 was not inline with 0458. Anything can still happen.. Things will change, numbers will expire. PA may make another run toward 0520. I will just wait for...
It did the run for 520... Where Now? Its can be attracted to 0506/02. If it breaks down there. Closes below 0502 may allow a fall. After it may come back to 0505 ish area. This may be resistance again later. It may be support now. The 2 red line area can be support, or resistance
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  • #119,847
  • Dec 16, 2024 12:04pm Dec 16, 2024 12:04pm
Quoting LoneTrader1
Tried long there... {image}
Have closed this turtle at 1.0511
  • #119,848
  • Dec 16, 2024 1:18pm Dec 16, 2024 1:18pm
Quoting gatorinla
{quote} It did the run for 520... Where Now? Its can be attracted to 0506/02. If it breaks down there. Closes below 0502 may allow a fall. After it may come back to 0505 ish area. This may be resistance again later. It may be support now. The 2 red line area can be support, or resistance {image}
It did bounce at 506 again. Not now, but the latter part of Asia. 0520 may support if running north above, or resist. Also later the same with -0502, running south. With this 0402/06 area. Places 0488/86 in the system again. Running hard South of it may be the lower break out.. More so below 0446 0424 and so on. PA atm is North of 0505. So it has to be thought of in that way. That dont mean it can't find R at 0520 holding and fall to a LL. The problem is each level is a rung in a ladder.
More time makes more signs. ATM when pa is North of 0520. It's on the bullish side of all of these st levels. If it cant take and hold above 0520. it will slip to the lower 0506/02 area. like it has already done. On the larger tf.. That 0520/38 may be all we get
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  • #119,849
  • Dec 16, 2024 1:27pm Dec 16, 2024 1:27pm
BBL
those who can, do. those who cant, talk about those who can
  • #119,850
  • Dec 16, 2024 2:28pm Dec 16, 2024 2:28pm
In about 6hs, 0488 may support. It's not so far now. So if 0520 does hold as R. It may get below 0502.. -0488 may open up lower. The orange R is not on the same time schedule. It may evict 0520 any time. We could have a possible b/o by just dropping below 0488
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  • #119,851
  • Dec 16, 2024 2:49pm Dec 16, 2024 2:49pm
Quoting gatorinla
In about 6hs, 0488 may support. It's not so far now. So if 0520 does hold as R. It may get below 0502.. -0488 may open up lower. The orange R is not on the same time schedule. It may evict 0520 any time. We could have a possible b/o by just dropping below 0488
testing 502/06
pa has moved 50 pips today. adr lower about 442
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  • #119,852
  • Dec 16, 2024 6:04pm Dec 16, 2024 6:04pm
Gu 1.2707 ish is either a hit on resistance, or a miss.. It is about the same as eu 1.0538. But the gbp/usd looks to reach 2707 very soon. See if it reacts..

Quoting gatorinla
Gu 1.2707 ish is either a hit on resistance, or a miss.. It is about the same as eu 1.0538. But the gbp/usd looks to reach 2707 very soon. See if it reacts.. {image}
St on the gu looks bullish like the eu did. At 2707ish that could reverse.

Quoting gatorinla
Gu 1.2707 ish is either a hit on resistance, or a miss.. It is about the same as eu 1.0538. But the gbp/usd looks to reach 2707 very soon. See if it reacts.. {quote} St on the gu looks bullish like the eu did. At 2707ish that could reverse. {image}
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those who can, do. those who cant, talk about those who can
  • #119,853
  • Dec 16, 2024 6:20pm Dec 16, 2024 6:20pm
Quoting gatorinla
Gu 1.2707 ish is either a hit on resistance, or a miss.. It is about the same as eu 1.0538. But the gbp/usd looks to reach 2707 very soon. See if it reacts.. {quote} St on the gu looks bullish like the eu did. At 2707ish that could reverse. {quote}{image} {image}
Missed GU long for some bounce. I thought it would get to 1.2600 but it didn't.
  • #119,854
  • Edited 6:57pm Dec 16, 2024 6:25pm | Edited 6:57pm
Quoting gatorinla
Gu 1.2707 ish is either a hit on resistance, or a miss.. It is about the same as eu 1.0538. But the gbp/usd looks to reach 2707 very soon. See if it reacts.. {quote} St on the gu looks bullish like the eu did. At 2707ish that could reverse. {quote}{image} {image}
In the next few hs if the gu is closing above 2695.7 and 2707.. That may be bullish.. below 2695 and 2690 may be prone to seek 2653. 2653 can be supportive.. Unless its broken below it. So at 2653, an attraction back to 2690 may be worth 37 pips.
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  • #119,855
  • Dec 16, 2024 6:29pm Dec 16, 2024 6:29pm
Quoting LoneTrader1
{quote} Missed GU long for some bounce. I thought it would get to 1.2600 but it didn't.
to me that R at 2695.7.. could take it to 2707.. In that 2707 area larger traders may lurk..

I guess 2707 is in the 2695 area
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  • #119,856
  • Dec 16, 2024 6:49pm Dec 16, 2024 6:49pm
Just a heads up in the morning.. If pa is near 2653.7 a few hours before LC and seems to stall a drop. It will likely run back to 2690. 2707 can be a big place to go lower. I just dont know its reaction. It could be a crossroads to rise. Any way the rise back to 2690 may have R about this same 2695 area.. It may fall after. But if closing above it and 2707.. That may be bullish. It could just do it now. But it may be pulled back to 2690..2690 is back below 2695.. The bear side of 2695 and 2707.
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  • #119,857
  • Dec 16, 2024 7:00pm Dec 16, 2024 7:00pm
I corrected my GU post above... I changed 2630 to 2653.... I misplaced a number.. The chart was right.. My eyes are starting to suck
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  • #119,858
  • Dec 16, 2024 7:02pm Dec 16, 2024 7:02pm
Looks like Gold may go to 2670-75 and 2650 may hold.
  • #119,859
  • Dec 16, 2024 7:05pm Dec 16, 2024 7:05pm
ATM the gu and eu are at/near R points.
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  • #119,860
  • Dec 16, 2024 7:12pm Dec 16, 2024 7:12pm
Last h the gu closed at 2690. The less bullish side of 2695. The eu closed above 0520.. The bullish side.. Lets see what this next h does.. its a 4h close.
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