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The Swamp

  • #109,041
  • May 23, 2023 2:52pm May 23, 2023 2:52pm
What would a default do the USD? Everyone thinks it may hurt the USD. Is that true? Nobody knows for sure. After all, these creditors are like a bank issuing credit cards. If enough customers didnt pay their credit card bill. The bank would fold. The world would be in dire straights. The creditors money would be backed with nothing.
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those who can, do. those who cant, talk about those who can
  • #109,042
  • May 23, 2023 3:05pm May 23, 2023 3:05pm
Quoting gatorinla
What would a default do the USD? Everyone thinks it may hurt the USD. Is that true? Nobody knows for sure. After all, these creditors are like a bank issuing credit cards. If enough customers didnt pay their credit card bill. The bank would fold. The world would be in dire straights. The creditors money would be backed with nothing. {image}
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those who can, do. those who cant, talk about those who can
  • #109,043
  • May 23, 2023 6:14pm May 23, 2023 6:14pm
Possible over night trade or scalp. 0768 may be soft support with some slip. But it may allow pa to punch through 0778 . It is soft R, but it may be soft enough to make 0795 tp. If pa does close below 1.0768, its in down mode. Above it may run to those usual st R starting with 0778 1795. Its so bearish beyond 0795, it has the ones from earlier this week near 0735 40 60

If pa can make it to 1.0694/1.07/0707/0727/0732/0736/0744. And later gets back above 1.0769. That may be the stronger chance to rise. Eu late in the month rebalances often. Those are most often bullish
those who can, do. those who cant, talk about those who can
  • #109,044
  • May 23, 2023 6:36pm May 23, 2023 6:36pm
Quoting gatorinla
Possible over night trade or scalp. 0768 may be soft support with some slip. But it may allow pa to punch through 0778 . It is soft R, but it may be soft enough to make 0795 tp. If pa does close below 1.0768, its in down mode. Above it may run to those usual st R starting with 0778 1795. Its so bearish beyond 0795, it has the ones from earlier this week near 0735 40 60 If pa can make it to 1.0694/1.07/0707/0727/0732/0736/0744. And later gets back above 1.0769. That may be the stronger chance to rise. Eu late in the month rebalances often. Those...
On a rise, once pa is above 1.0735 0740 60/62. It may be out the gate. But as things stand atm. PA is below these. Its below the newer st R atm* 0778 0768/70.
Different brokers have close but different levels. Using *0770 0779 to break st r at close above is best for long. The trend is down. Space it tight. expect some false spikes. The large lower support zone is the safer long. Safer dont mean it will go up.
those who can, do. those who cant, talk about those who can
  • #109,045
  • May 23, 2023 8:48pm May 23, 2023 8:48pm
5/24 trading levels

1.0832
1.0805
1.0788

1.0755
1.0738
1.0711

next to print 1.0788 or 1.0755
  • #109,046
  • May 23, 2023 10:10pm May 23, 2023 10:10pm
Quoting gatorinla
{quote} On a rise, once pa is above 1.0735 0740 60/62. It may be out the gate. But as things stand atm. PA is below these. Its below the newer st R atm* 0778 0768/70. Different brokers have close but different levels. Using *0770 0779 to break st r at close above is best for long. The trend is down. Space it tight. expect some false spikes. The large lower support zone is the safer long. Safer dont mean it will go up.
Not much movement 0768/78.
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those who can, do. those who cant, talk about those who can
  • #109,047
  • May 24, 2023 1:19am May 24, 2023 1:19am
Will look for a sell @ 1.0795 hoping for some movement at London open.....low confidence
Its all just one persons opinion
  • #109,048
  • May 24, 2023 2:21am May 24, 2023 2:21am
Quoting axecap
Will look for a sell @ 1.0795 hoping for some movement at London open.....low confidence
short at 1,0781
Its all just one persons opinion
  • #109,049
  • May 24, 2023 2:39am May 24, 2023 2:39am
Quoting axecap
{quote} short at 1,0781
will add if we get a h1 close below .0767..... big if
Its all just one persons opinion
  • #109,050
  • May 24, 2023 3:00am May 24, 2023 3:00am
Quoting axecap
{quote} will add if we get a h1 close below .0767..... big if
closed. EA taking off .... bulls looking like they have it
Its all just one persons opinion
  • #109,051
  • May 24, 2023 3:48am May 24, 2023 3:48am
Quoting gatorinla
Possible over night trade or scalp. 0768 may be soft support with some slip. But it may allow pa to punch through 0778 . It is soft R, but it may be soft enough to make 0795 tp. If pa does close below 1.0768, its in down mode. Above it may run to those usual st R starting with 0778 1795. Its so bearish beyond 0795, it has the ones from earlier this week near 0735 40 60 If pa can make it to 1.0694/1.07/0707/0727/0732/0736/0744. And later gets back above 1.0769. That may be the stronger chance to rise. Eu late in the month rebalances often....
Now if it gets back below 0778 and 0768 it probably will fall some more with next h close below 0768.
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those who can, do. those who cant, talk about those who can
  • #109,052
  • May 24, 2023 4:04am May 24, 2023 4:04am
Its bearish under 0778, but still needs to break 0768 to fall.
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those who can, do. those who cant, talk about those who can
  • #109,053
  • May 24, 2023 4:28am May 24, 2023 4:28am
A fall may stop before 0743. There is lots of different supports down to 0694. Those may force it up. Those could turn the trend. 1.0743 is special. It may turn it before reaching those other supports. I'm not saying it will reverse the last few weeks. But it has the potential to do that. 1.07 year close can do that. Near 0743 w/o touching 0743 can do that. The attraction to 0736 may place pa right above 1.0743. I have pendings at 0745. Just in case it dont make 0743. Getting below 1.0743 dont mean it dont bounce. It may weaken the support enough to break support. Although it still may bounce from the 0736/0694 area. To 1.0735, or more.
1.0743 is a possible reversal place above the zone at 1.0736/0694. The low so far being 1.0760. The sweet spot for 0743x. May be 1.0744/60.

If its unable to get below 1.0768. It will not get closer to 0743. It just closed the 12h below 0778. It didnt make it below 0768. I have hope it gets closer to 1.0743, but I cant say if it does or not.
If its unable to get below 0768 again. The low would be 1.0760
those who can, do. those who cant, talk about those who can
  • #109,054
  • May 24, 2023 4:46am May 24, 2023 4:46am
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those who can, do. those who cant, talk about those who can
  • #109,055
  • May 24, 2023 5:12am May 24, 2023 5:12am
LL
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those who can, do. those who cant, talk about those who can
  • #109,056
  • May 24, 2023 5:16am May 24, 2023 5:16am
Net cast.
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those who can, do. those who cant, talk about those who can
  • #109,057
  • May 24, 2023 5:46am May 24, 2023 5:46am
Just woke up, I flat all my EA trades here , sideline
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  • #109,058
  • May 24, 2023 5:48am May 24, 2023 5:48am
Quoting Boulder
Just woke up, I flat all my EA trades here , sideline {image}
A triangle forming on that chart. It will most likely fall lower. I have a pending long at 0730.
  • #109,059
  • Edited 6:02am May 24, 2023 5:50am | Edited 6:02am
Quoting Boulder
5/24 trading levels 1.0832 1.0805 1.0788 1.0755 1.0738 1.0711 next to print 1.0788 or 1.0755
5/24 trading levels

1.0832
1.0805
1.0788

1.0755
1.0738
1.0711

two levels printed, next to print 1.0738 or 1.0805
day range low 1.0720 and day range high 1.0821 atm
  • #109,060
  • May 24, 2023 5:59am May 24, 2023 5:59am
Quoting Mitiblotch
{quote} A triangle forming on that chart. It will most likely fall lower. I have a pending long at 0730.
At the moment, my trading system are shorting from intermeiate time frames, bears are on the way to reverse day , day uptrend stop at 1.0632,
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