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The Swamp

  • #93,421
  • Dec 14, 2021 11:43pm Dec 14, 2021 11:43pm
Quoting DMA Trader
{quote} funny they took out stops on shorts now they took stops on longs 1.1286 important resistance. not sure we can see 1.13 before FED. don't think so daily looks like a B pennant.
taking profits here because of 1H R
next R is 1.128/1.1286 i would usually go short but will take a day off until FED.

probably i should have waited for the 1H close to see if this one have legs.

see you all later
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  • #93,422
  • Dec 15, 2021 12:06am Dec 15, 2021 12:06am
NASA's Parker Solar Probe Touches The Sun For The First Time...
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  • #93,423
  • Dec 15, 2021 2:51am Dec 15, 2021 2:51am
gbp popped
those who can, do. those who cant, talk about those who can
  • #93,424
  • Edited 3:20am Dec 15, 2021 3:09am | Edited 3:20am
Some R on gbp 3283.6, backed by 3294 R; It didnt touch 2383.6 yet.. It came close. It may be worth a shot.
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those who can, do. those who cant, talk about those who can
  • #93,425
  • Dec 15, 2021 3:14am Dec 15, 2021 3:14am
Quoting gatorinla
gbp popped
inflation numbers were very hot.
but europe is also facing a different and worse situation on energy prices both carbon, gas, and of course electricity

from a chart perspective that pennant on EU daily looks about to break.
we will see
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  • #93,426
  • Dec 15, 2021 3:25am Dec 15, 2021 3:25am
Quoting gatorinla
1323 would be important today. It needs 1323 to rise. Today being Friday.. It also needs to close these smaller periods above 1316, and 1310. Gu 3277 52 area is R.. CHF into that 200 support area. .920x .918x.
Still R area, updated 3283 real and 3294 dynamic.
those who can, do. those who cant, talk about those who can
  • #93,427
  • Dec 15, 2021 3:29am Dec 15, 2021 3:29am
Quoting DMA Trader
{quote} inflation numbers were very hot. but europe is also facing a different and worse situation on energy prices both carbon, gas, and of course electricity from a chart perspective that pennant on EU daily looks about to break. we will see
Europe always pays more for carbon energy. They will go to renewable... The people can then overthrow the oil kings. We can stop spending treasure on oil wars. Putin will have to flee. We can all buy a nice summer home in Russia.
those who can, do. those who cant, talk about those who can
  • #93,428
  • Edited 4:05am Dec 15, 2021 3:33am | Edited 4:05am
Quoting gatorinla
{quote} Europe always pays more for carbon energy. They will go to renewable... The people can then overthrow the oil kings. We can stop spending treasure on oil wars. Putin will have to flee. We can all buy a nice summer home in Russia.
they can't go renewable. it takes a lot of work for that and now again they are against nuclear
so maybe they just like paying Putin
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  • #93,429
  • Dec 15, 2021 3:34am Dec 15, 2021 3:34am
Quoting gatorinla
{quote} It only matters the timing of the report. I mentioned A while back when this was hot news in the U.S. Well its just the U.S. reported it first. Later other countries will report inflation. The U.S. just happened to be the first to do it. Any inflation news is always amplified in UK and Europe. EZ will always pay more for energy in a carbon based economy. So the EZ inflation will always be higher compared to the U.S. Refineries in the U.S. are piped oil mostly from domestic suppliers in North America. Europe on the other hand relies on more...
sure do. Ray Charles can see that,
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  • #93,430
  • Dec 15, 2021 3:51am Dec 15, 2021 3:51am
Quoting DMA Trader
{quote} they go renewable. it takes a lot of work for that and now again they are against nuclear so maybe they just like paying Putin
Renewable makes jobs too. We dont have as many stables boys, farriers, wheelwrights or buggy whip factories. We went to cars and trucks. That's what progress does. We stopped shoveling coal in favor of turning a gas valve. We stopped hunting whales in favor of crude oil. Thousands of sailors lost their job. Its all about cost. This same argument has been around, any time progress has advanced. History is full of those who dont adapt. Man is lazy, that's his beauty to adapt. Man lays around and figures out how to do something with less effort. The ones who didnt adapt are all gone, or absorbed in the DNA. Nobody has a thriving business selling neanderthal combs, Progress leaves history dead in the past.

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  • #93,431
  • Dec 15, 2021 4:03am Dec 15, 2021 4:03am
Quoting gatorinla
{quote} Renewable makes jobs too. We dont have as many stables boys, farriers, wheelwrights or buggy whip factories. We went to cars and trucks. That's what progress does. We stopped shoveling coal in favor of turning a gas valve. We stopped hunting whales in favor of crude oil. Thousands of sailors lost their job. Its all about cost. This same argument has been around, any time progress has advanced. History is full of those who dont adapt. Man is lazy, that's his beauty to adapt. Man lays around and figures out how to do something with less effort....

i don't believe in renewable europe at this point, it is probably the idea Russia controls a lot of forces into europe
Why not agree 1st step nuclear than use the energy to go more clean

USA and China has a better chance at this point, where in someway or the other innovation is supported or controlled but still going fwd.
i dont't think problem is cost atm - problem is probably lobby we've print so many trillions of money so costs are not important

i think there are other forces in play -
look now at Nordstream2 just an example of not doing anything actually and you will probably see in short time a win by Russia in Ukraine.
on the more renewable energy progress is slow it's not about the money it is about innovation it doesn't just happen overnight
also efficiency and scalability . you know i am a big fan of TSLA and investor for many years. there is a lot of information about their progress and still going slow.

even if you compare simple basic stuff as the construction in Giga Berlin vs Giga Shanghai or Austin/Texas.

At this point USA & China will lead many years ahead. on different paths but in now way i believe there is any global competition world wide coming from Europe
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #93,432
  • Dec 15, 2021 4:08am Dec 15, 2021 4:08am
Oil and most carbon energy comes from here (sun). Even the wind comes from the sun (windmill energy) Man has learned to capture the suns energy. Eliminating the need to burn carbon. Oil will then be still used to make stuff. Oil will always be part. It may just be burned less.

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those who can, do. those who cant, talk about those who can
  • #93,433
  • Dec 15, 2021 4:09am Dec 15, 2021 4:09am
Quoting DMA Trader
{quote} i don't believe in renewable europe at this point, it is probably the idea Russia controls a lot of forces into europe Why not agree 1st step nuclear than use the energy to go more clean USA and China has a better chance at this point, where in someway or the other innovation is supported or controlled but still going fwd. i dont't think problem is cost atm - problem is probably lobby we've print so many trillions of money so costs are not important i think there are other forces in play - look now at Nordstream2 just an example of not doing...
https://www.cnbc.com/quotes/DE10Y-DE

a joke actually can't wait to hear Lagarde talking about temporary inflation and Covid supply congestions
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #93,434
  • Dec 15, 2021 4:11am Dec 15, 2021 4:11am
Quoting DMA Trader
{quote} i don't believe in renewable europe at this point, it is probably the idea Russia controls a lot of forces into europe Why not agree 1st step nuclear than use the energy to go more clean USA and China has a better chance at this point, where in someway or the other innovation is supported or controlled but still going fwd. i dont't think problem is cost atm - problem is probably lobby we've print so many trillions of money so costs are not important i think there are other forces in play - look now at Nordstream2 just an example of not doing...
Well the Saudis seem to disagree. https://www.climatechangenews.com/20...world%E2%80%9D.
those who can, do. those who cant, talk about those who can
  • #93,435
  • Dec 15, 2021 4:15am Dec 15, 2021 4:15am
Quoting gatorinla
{quote} Well the Saudis seem to disagree. https://www.climatechangenews.com/20...world%E2%80%9D.
can't happen by 2030 but they are very wise and very flexible in the last years
they even change the working week from january - to monday-> friday
i would not be surprised. they lead in many things but 2030 doesn't seem that realistic on the other hand we are still 9 years until then so ... who knows.
Rule No.1: Never lose money. Rule No.2: Market is always right !
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  • #93,436
  • Dec 15, 2021 4:17am Dec 15, 2021 4:17am
Quoting DMA Trader
{quote} i don't believe in renewable europe at this point, it is probably the idea Russia controls a lot of forces into europe Why not agree 1st step nuclear than use the energy to go more clean USA and China has a better chance at this point, where in someway or the other innovation is supported or controlled but still going fwd. i dont't think problem is cost atm - problem is probably lobby we've print so many trillions of money so costs are not important i think there are other forces in play - look now at Nordstream2 just an example of not doing...
Just a heads up.. energy is the most expensive cost in any heavy manufacturing. Its not labor. If you want to build cars or whatever you want the cheapest energy. Even in your restaurant business energy cost to a lesser degree is in there. Probably 12 to 22 %. If you want to build cars.. its probably better than 65%. If you can get some of that cheaper from the sun, you will make the investment.

Ford built his factories on the Great lakes because of energy, I would imagine the same with German auto makers. They were built closer to the energy source. I dont know for sure about Germany. I bet it has a readily available coal supply near the original plants
those who can, do. those who cant, talk about those who can
  • #93,437
  • Dec 15, 2021 4:19am Dec 15, 2021 4:19am
ITALY'S DRAGHI SAYS IT MAY BE NECESSARY TO CALL ON ENERGY COMPANIES THAT HAVE MADE PROFITS TO CONTRIBUTE TO CURBING ENERGY BILLS

good one
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  • #93,438
  • Dec 15, 2021 4:25am Dec 15, 2021 4:25am
Quoting DMA Trader
{quote} can't happen by 2030 but they are very wise and very flexible in the last years they even change the working week from january - to monday-> friday i would not be surprised. they lead in many things but 2030 doesn't seem that realistic on the other hand we are still 9 years until then so ... who knows.
Look at a Amazon warehouse.. Imagine a few hundred warehouses that size full of bots making solar panels. Sure it can be done. It will be done. Its much cheaper than another Iraq war.
those who can, do. those who cant, talk about those who can
  • #93,439
  • Dec 15, 2021 4:25am Dec 15, 2021 4:25am
shorting usd/cad probably a bad idea. some inflation data coming before FED
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  • #93,440
  • Dec 15, 2021 4:28am Dec 15, 2021 4:28am
Quoting gatorinla
{quote} Look at a Amazon warehouse.. Imagine a few hundred warehouses that size full of bots making solar panels. Sure it can be done. It will be done. Its much cheaper than another Iraq war.
solar has also it's limits
probably combined with wind or something

if you can get it from companies or "force" them instead of some taxes i think we can make more progress.
of course your argument about people being lazy is true.
Rule No.1: Never lose money. Rule No.2: Market is always right !
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