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The Swamp

  • #122,701
  • May 6, 2025 10:37am May 6, 2025 10:37am
Quoting FT.Trader
I also bought a RBOB gasoline contract and some UGA and XOM in my retirement account. Looking to trade into Memorial Day. They are acting well today
I guess its already baked in. If you look at McDonald's drop in sales. I would think people are doing less travel. Then again, planes falling out the sky has increased driving.
those who can, do. those who cant, talk about those who can
  • #122,702
  • Edited 11:58am May 6, 2025 11:46am | Edited 11:58am
The press conference is over. I may be safe for a little while with silence. The usd may get a breather when his mouth closes
No deal with Canada atm confirmed. Not talking to China confirmed.. Bull shit, bullshit.. Oh and the new tacky decorations in the oval office are 18 karat leaf.
Cliff notes. Farmers are Phucked on Canadian Potash, No deals. Just Bullshit
those who can, do. those who cant, talk about those who can
  • #122,703
  • May 6, 2025 12:01pm May 6, 2025 12:01pm
The eu near pressing 1358 R again.
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those who can, do. those who cant, talk about those who can
  • #122,704
  • May 6, 2025 12:28pm May 6, 2025 12:28pm
Quoting gatorinla
{quote} Today only should, have some liquid 1358.7 (its R-ish). Earlier below 1338 the 15 m looked tired. Not so much now. It may be reaching for 1367/68. If it falls back sustained below 1358, thats back below a b/o R level. below 1300 sustained is a bearish b/o number.. But it still has 1278 1244 and those lows to beat.. It missed 1368 yesterday. Its making lower highs, and higher lows. A b/o will solve the puzzle. Not making 1368 equals another LH. I took the short based on pa not breaking out North. As in the larger charts posted...
back again, 1367. 1368 expired.. 1367 may develop into a strong R
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those who can, do. those who cant, talk about those who can
  • #122,705
  • May 6, 2025 1:48pm May 6, 2025 1:48pm
Quoting gatorinla
The press conference is over. I may be safe for a little while with silence. The usd may get a breather when his mouth closes No deal with Canada atm confirmed. Not talking to China confirmed.. Bull shit, bullshit.. Oh and the new tacky decorations in the oval office are 18 karat leaf. Cliff notes. Farmers are Phucked on Canadian Potash, No deals. Just Bullshit
I like your explanation.
  • #122,706
  • May 6, 2025 2:22pm May 6, 2025 2:22pm
Quoting gatorinla
{quote} I guess its already baked in. If you look at McDonald's drop in sales. I would think people are doing less travel. Then again, planes falling out the sky has increased driving.
I'm looking for a base hit. I do like seasonal trades. Large traders are net long on this weeks COT report

Current price is 2.06. I'm looking for 2.16
  • #122,707
  • May 6, 2025 6:16pm May 6, 2025 6:16pm
I closed the short for now at 1332.. On a day trade/scalp I could of longed 1326 area, to tp 1372. but i wasn't around
those who can, do. those who cant, talk about those who can
  • #122,708
  • May 6, 2025 6:21pm May 6, 2025 6:21pm
Quoting mars1
{quote} I like your explanation.
Yeah well the eu may have gone too far up to rise statiscally 13.7% in 60 days has never happened before. But as long as the "mouth" keeps running the usd will weaken.
If you knew the time he took a dump in all hours of the night. You may catch the tweet..While the staff changes the sheets
those who can, do. those who cant, talk about those who can
  • #122,709
  • May 6, 2025 7:19pm May 6, 2025 7:19pm
Quoting gatorinla
{quote} Yeah well the eu may have gone too far up to rise statiscally 13.7% in 60 days has never happened before. But as long as the "mouth" keeps running the usd will weaken. If you knew the time he took a dump in all hours of the night. You may catch the tweet..While the staff changes the sheets
Yep thats very clear.
  • #122,710
  • May 6, 2025 8:25pm May 6, 2025 8:25pm
Quoting gatorinla
I closed the short for now at 1332.. On a day trade/scalp * I could of longed 1326 area, to tp 1372. but i wasn't around
*cancel this setup
maybe 1306 ares L to tp 1341, if a sign comes
Maybe a short 1381 area tp 1341

1306 or 1281 sustained running from 1341 may b/o.
those who can, do. those who cant, talk about those who can
  • #122,711
  • May 6, 2025 8:31pm May 6, 2025 8:31pm
The range may be set 1391 1278 area.
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those who can, do. those who cant, talk about those who can
  • #122,712
  • May 7, 2025 1:05am May 7, 2025 1:05am
There is R 1372/91..Plus some slip..
I took the short because 1367 may become R,, for a possible position trade
those who can, do. those who cant, talk about those who can
  • #122,713
  • May 7, 2025 1:30am May 7, 2025 1:30am
Quoting gatorinla
There is R 1372/91..Plus some slip.. I took the short because 1367 may become R,, for a possible position trade
I been trading both ways. Its going to break out.. When and direction is the big question.. I see attraction to 1341 I see R anywhere now into the 140x area for a wick.. i'm focuses on staying sustained below 1367. -1278 and the sos for my short to run. I keep taking this trade and closing it. I have been lucky it comes back in the upper range.
those who can, do. those who cant, talk about those who can
  • #122,714
  • May 7, 2025 2:34am May 7, 2025 2:34am
H4

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Its all just one persons opinion
  • #122,715
  • May 7, 2025 6:37am May 7, 2025 6:37am
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this could break her out
those who can, do. those who cant, talk about those who can
  • #122,716
  • May 7, 2025 7:50am May 7, 2025 7:50am
Quoting gatorinla
{image} this could break her out
1. FOMC Rate? Extremely doubtful rates will drop.
2. Statement? Inflation inflation inflation. Employment hasn't took a hit yet.
3. Presser? The dual mandate is 2ish% (low) inflation, and full employment.
Cliff notes. High inflation, with high employment is not in line with any rate cut. The opposite is more inline with the circumstances. Personally I dont see any reason to cut rates. It looks more inline to raise. I may be wrong. FOMC to me with be more inline with a stronger usd. More of a lean toward raising (even it they cant say it directly). With that said. A unstable leader can sink the usd. A anti democracy king tweet, or anti Powell. Can damage the usd outlootlook. A unstable government world leader image, can do that. After Powell speaks, crazy king will be pissed. So expect some shit to be thrown on the wall that may hurt the usd.
those who can, do. those who cant, talk about those who can
  • #122,717
  • May 7, 2025 7:51am May 7, 2025 7:51am
Quoting FT.Trader
{quote} I'm looking for a base hit. I do like seasonal trades. Large traders are net long on this weeks COT report Current price is 2.06. I'm looking for 2.16
Closed Gas position. Small profit

Using the proceeds to buy more gold
  • #122,718
  • May 7, 2025 7:54am May 7, 2025 7:54am
Quoting gatorinla
{quote} 1. FOMC Rate? Extremely doubtful rates will drop. 2. Statement? Inflation inflation inflation. Employment hasn't took a hit yet. 3. Presser? The dual mandate is 2ish% (low) inflation, and full employment. Cliff notes. High inflation, with high employment is not in line with any rate cut. The opposite is more inline with the circumstances. Personally I dont see any reason to cut rates. Ii looks more inline to raise. I may be wrong. FOMC to me with be more inline with a stronger usd. More of a lean toward raising. With that said. A unstable...
Crazy king comments have hurt my trades before. Currently no trades open at the moment
  • #122,719
  • May 7, 2025 7:56am May 7, 2025 7:56am
Quoting gatorinla
{quote} 1. FOMC Rate? Extremely doubtful rates will drop. 2. Statement? Inflation inflation inflation. Employment hasn't took a hit yet. 3. Presser? The dual mandate is 2ish% (low) inflation, and full employment. Cliff notes. High inflation, with high employment is not in line with any rate cut. The opposite is more inline with the circumstances. Personally I dont see any reason to cut rates. Ii looks more inline to raise. I may be wrong. FOMC to me with be more inline with a stronger usd. More of a lean toward raising. With that said. A unstable...
I don't think anyone is expecting a rate cut for this meeting, but market is seeking a hint for June cut.
This said, I totally agree that there is economic reason supporting a cut: employment and inflation are not bad.
  • #122,720
  • May 7, 2025 7:59am May 7, 2025 7:59am
Has anyone got an analysis on gold now that india attacked Pakistan? Shouldn't this push gold up?
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