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The Swamp

  • #121,481
  • Mar 6, 2025 7:52am Mar 6, 2025 7:52am
Quoting Fadhl
My plan for the rest of the week. I already sold it. {image}
Why selling? Thought 1.09 is next target?
  • #121,482
  • Mar 6, 2025 8:15am Mar 6, 2025 8:15am
Quoting Jackoboms
{quote} Why selling? Thought 1.09 is next target?
I would like to to trade the retrace wave. In my view the Initial and impulsive waves up are completed and now we should see a retrace.
  • #121,483
  • Mar 6, 2025 8:54am Mar 6, 2025 8:54am
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A 5 m close above 2905 would likely help. A 15 min close above 2919 could send it to 2965 today
If it manages to maintain above 2900 large R , it may become support. That may open up a test of the next beg R. 1.3146
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  • #121,484
  • Mar 6, 2025 9:07am Mar 6, 2025 9:07am
Quoting yawyz
{quote} {image} eurusd is far from the equilibrium point and ready to climb to the hills usdchf is pretty high in the skies time to to hawk down
3 months later ...
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  • #121,485
  • Mar 6, 2025 9:07am Mar 6, 2025 9:07am
Quoting gatorinla
{image} A 5 m close above 2905 would likely help. A 15 min close above 2919 could send it to 2965 today If it manages to maintain above 2900 large R , it may become support. That may open up a test of the next beg R. 1.3146
The 5 min .. The 15 min 2919 was hit. not broke yet
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  • #121,486
  • Mar 6, 2025 9:17am Mar 6, 2025 9:17am
Quoting LoneTrader1
{quote} Not sure what you mean... I call EU a turtle !
you don't know the story of the Turtle traders?
go on youtube and put Turtle Traders and watch it

I was not sure about your charts as the Turtle trader breakout strategy would have considered a breakout lower than your charts
but you mentioned Turtles now and then so thought you were referring to the turtle strategy
  • #121,487
  • Mar 6, 2025 11:11am Mar 6, 2025 11:11am
The S/P is sitting on the 200 day... The 1h, 2h, and 3h have a valid death cross. The day is still ok for now. But if the 200 day is lost. I would expect a 20% correction.
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those who can, do. those who cant, talk about those who can
  • #121,488
  • Mar 6, 2025 8:18pm Mar 6, 2025 8:18pm
Quoting gatorinla
The S/P is sitting on the 200 day... The 1h, 2h, and 3h have a valid death cross. The day is still ok for now. But if the 200 day is lost. I would expect a 20% correction. {image} {image}
In summary, the S&P 500's close below the 200-DMA, coupled with elevated trading volumes and increased selling pressure, reinforces the bearish sentiment in the market.
This may be a world wide sign. S/P
The Nasdaq also closed below the day.
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those who can, do. those who cant, talk about those who can
  • #121,489
  • Mar 6, 2025 8:31pm Mar 6, 2025 8:31pm
Quoting gatorinla
{quote} In summary, the S&P 500's close below the 200-DMA, coupled with elevated trading volumes and increased selling pressure, reinforces the bearish sentiment in the market. This may be a world wide sign. S/P The Nasdaq also closed below the day. {image} {image} {image}
A lot of pondents are on the tube preparing us for a bad NFP. One of them is signaling cooking the books. We will see. It may not be enough time yet. But the the non government ADP one was bad. The firings of employees is as high it was 2020. That was during Covid. On the surface this evidence points to a recession at the minimum.
those who can, do. those who cant, talk about those who can
  • #121,490
  • Mar 6, 2025 8:33pm Mar 6, 2025 8:33pm
Tomorrow Cryptos have a chance to rise.
those who can, do. those who cant, talk about those who can
  • #121,491
  • Mar 6, 2025 11:49pm Mar 6, 2025 11:49pm
EU
Technical Analysis: The pair is trading near a four-month low, indicating potential for further downside.
Trade Idea: Consider shorting EUR/USD with a target of 500 pips downward.
Optimal Entry: Around 1.0800, after a confirmed break below support..
Invalidation Level: A sustained move above 1.1000.
I have week trend resistance at 1.0984. psych number 1.1
As as it rising. I will try to enter 1.0984 area. On the smaller timeframes some type of reversal to get the better entry.
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  • #121,492
  • Mar 7, 2025 12:00am Mar 7, 2025 12:00am
Quoting gatorinla
EU Technical Analysis: The pair is trading near a four-month low, indicating potential for further downside. Trade Idea: Consider shorting EUR/USD with a target of 500 pips downward. Optimal Entry: Around 1.0800, after a confirmed break below support.. Invalidation Level: A sustained move above 1.1000. I have week trend resistance at 1.0984. psych number 1.1 As as it rising. I will try to enter 1.0984 area. On the smaller timeframes some type of reversal to get the better entry. {image}
Above says 1.0800 to 1.100... Its already above 1.08.. I'm hoping NFP takes it higher.
I do have another place to watch at 1.0877 area.
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  • #121,493
  • Mar 7, 2025 4:11am Mar 7, 2025 4:11am
Right or wrong I closed thar GU 1.2933. It went up some after I did. I will try to reload 1.2890.
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  • #121,494
  • Mar 7, 2025 4:19am Mar 7, 2025 4:19am
EU potential targets

TARGET 1: 1.1213
If breaking above the upper down trendline, we open the door for the larger range
and potential retouch of 1.25 area

TARGET 2: 1.25

this is a monthly swing and it will take some time, knowing the markets very short or very long.

Many pips to all
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  • #121,495
  • Mar 7, 2025 4:31am Mar 7, 2025 4:31am
GU Targets

Trendlines have already been broken and there has been a retest
The third upper trendline is virtual kind of

Target 1: 13216 area
Target 2: 14200 area
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  • #121,496
  • Mar 7, 2025 5:05am Mar 7, 2025 5:05am
Quoting gatorinla
Right or wrong I closed thar GU 1.2933. It went up some after I did. I will try to reload 1.2890. {image}
St the Gu may run back to 2890.X I will look there to long. The better support it may not reach about 2800ish.
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  • #121,497
  • Mar 7, 2025 5:09am Mar 7, 2025 5:09am
Quoting gatorinla
{quote} Above says 1.0800 to 1.100... Its already above 1.08.. I'm hoping NFP takes it higher. I do have another place to watch at 1.0877 area.
It got close enough.. I just had the entry a tad too high.
Repeat the process later. But it may be a deeper tp, and wider stop. This was just for st in pic
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  • #121,498
  • Mar 7, 2025 5:15am Mar 7, 2025 5:15am
GU SL is positive
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  • #121,499
  • Mar 7, 2025 5:18am Mar 7, 2025 5:18am
Quoting gatorinla
GU SL is positive {image}
I dont like that spinner on the 15 min.. I dropped the stop some.
Tp is slightly above that aqua line.
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  • #121,500
  • Mar 7, 2025 5:57am Mar 7, 2025 5:57am
Quoting gatorinla
{quote} I dont like that spinner on the 15 min.. I dropped the stop some. Tp is slightly above that aqua line. {image}
about to get stopped out. +0.5%
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