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The Swamp

  • #111,681
  • Aug 27, 2023 5:10pm Aug 27, 2023 5:10pm
8/28 Monday Tading levels

1.0875
1.0846
1.0826

1.0799- PP

1.0770
1.0752
1.0723

next to print 1.0826 or 1.0770
  • #111,682
  • Aug 27, 2023 7:08pm Aug 27, 2023 7:08pm
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those who can, do. those who cant, talk about those who can
  • #111,683
  • Aug 27, 2023 9:47pm Aug 27, 2023 9:47pm
Scientists find fish that ‘sees’ with its skin ‘even after it dies’...
https://www.independent.co.uk/news/s...-b2399226.html
I am who I am
  • #111,684
  • Aug 28, 2023 2:56am Aug 28, 2023 2:56am
30 min bear trend R at 0819, 1h 0829. The larger levels the week closed below are near. Starting with 0827 35 41 78.
The 5 min bull trend at 0809, 15 min at 0796.
those who can, do. those who cant, talk about those who can
  • #111,685
  • Aug 28, 2023 2:57am Aug 28, 2023 2:57am
Quoting gatorinla
30 min trend at 0819, 1h 0829. The larger levels the week closed below are near. Starting with 0827 35 41 78. The 5 min bull trend at 0809, 15 min at 0796.
Equal lows at 0766. I think those will get wiped soon.
  • #111,686
  • Aug 28, 2023 4:16am Aug 28, 2023 4:16am
curious if 0806ish can develop s/r.
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those who can, do. those who cant, talk about those who can
  • #111,687
  • Aug 28, 2023 4:18am Aug 28, 2023 4:18am
Quoting Mitiblotch
{quote} Equal lows at 0766. I think those will get wiped soon.
GB holiday. I think the 4h + needs to close below 0776. If correct, 0805.95 may start to have a role.
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those who can, do. those who cant, talk about those who can
  • #111,688
  • Aug 28, 2023 4:44am Aug 28, 2023 4:44am
The mother of bubbles in China. Who would of thunk?
Often in bad historical economic times. A king will start a war. To make the peasants rally around the flag. A sacrifice has to be made. Some group of people will be the wolf. The king will say "its the wolf's fault, we need to kill the wolf". The king always does this to keep power. In modern times we have populist.

https://www.bloomberg.com/news/artic...ping#xj4y7vzkg
those who can, do. those who cant, talk about those who can
  • #111,689
  • Aug 28, 2023 5:40am Aug 28, 2023 5:40am
Quoting gatorinla
{quote} GB holiday. I think the 4h + needs to close below 0776. If correct, 0805.95 may start to have a role. {image}
yeah, I think NY will make the major move for the day. They tried to close price below 1.0802, 1.0800 and 1.0798. I don't know if they achieved closure below 1.0792. But these all point bearish to me because those were micro supports. Then the obvious double bottom which is making people buy.
  • #111,690
  • Aug 28, 2023 7:05am Aug 28, 2023 7:05am
fyi
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  • #111,691
  • Aug 28, 2023 7:08am Aug 28, 2023 7:08am
Quoting gatorinla
The mother of bubbles in China. Who would of thunk? Often in bad historical economic times. A king will start a war. To make the peasants rally around the flag. A sacrifice has to be made. Some group of people will be the wolf. The king will say "its the wolf's fault, we need to kill the wolf". The king always does this to keep power. In modern times we have populist. https://www.bloomberg.com/news/artic...ping#xj4y7vzkg
It won't help them if they do. China is done. They won't recover.
  • #111,692
  • Aug 28, 2023 7:58am Aug 28, 2023 7:58am
Quoting Boulder
fyi {image}
after expire maybe drop to 0771
those who can, do. those who cant, talk about those who can
  • #111,693
  • Aug 28, 2023 8:11am Aug 28, 2023 8:11am
Quoting charlienoble
{quote} It won't help them if they do. China is done. They won't recover.
They have a lot of things going against them. 1 child to take care of 2 parents, Will be rough. Especially when all your savings was in real-estate. That "one child" has to traditionally take care or his/her parents. The spouses parents. Plus educate his/her own child. That dont leave much money to live. Or to buy discretionary things.
China now wants them to have more babies. The people cant afford the one. All are trying to spend most of the money to educate the next generation. So that generation care support them. Education expense is beyond most of their finance. I don't doubt there will be mass suicide of grandparents.
those who can, do. those who cant, talk about those who can
  • #111,694
  • Aug 28, 2023 8:18am Aug 28, 2023 8:18am
Another thing that isn't fully realized yet is that China is utterly and completely dependent on globalization. Globalization is utter and completely dependent on the US patrolling the oceans to protect shipping. We are winding that down. At some point it will stop altogether. Both republicans and democrats are moving that way. China can't survive that.
  • #111,695
  • Aug 28, 2023 8:27am Aug 28, 2023 8:27am
Quoting charlienoble
Another thing that isn't fully realized yet is that China is utterly and completely dependent on globalization. Globalization is utter and completely dependent on the US patrolling the oceans to protect shipping. We are winding that down. At some point it will stop altogether. Both republicans and democrats are moving that way. China can't survive that.
The U.S. has provided shipping protection for most oceans since WW2. W/o that shipping cost can double +. I posted some things about this before. China would need to spend more on shipping. Making their products more expensive. That shuts them down. Add the lack of clean unpolluted fresh water. They suffer drought just like the rest of us. Industry needs to be located where clean almost limitless fresh water is. Industry has cool heavy industrial equipment. Salt water is too corrosive.
those who can, do. those who cant, talk about those who can
  • #111,696
  • Aug 28, 2023 8:48am Aug 28, 2023 8:48am
H1 downtrend stop at 1.0829
M15 uptrend stop at 1.0796

One of the stops has to give up for the trend to continue,,,...
  • #111,697
  • Aug 28, 2023 8:59am Aug 28, 2023 8:59am
Quoting Boulder
H1 downtrend stop at 1.0829 M15 uptrend stop at 1.0796 One of the stops has to give up for the trend to continue,,,...
I'm hoping it moves after this current h closes. With London closed it may not. 0771 could be average, ADR lower end, at 0746 atm.. upper end 0864. Since its below 0827 35 41. I have to side with lower end adr. Plus it be attracted to 0771. 0771 being below 0776, may trigger a drop. 0776 may/could become resistance.
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those who can, do. those who cant, talk about those who can
  • #111,698
  • Aug 28, 2023 9:03am Aug 28, 2023 9:03am
Quoting gatorinla
{quote} I'm hoping it moves after this current h closes. With London closed it may not. 0771 could be average, ADR lower end, at 0746 atm.. upper end 0864. Since its below 0827 35 41. I have to side with lower end adr. Plus it be attracted to 0771. 0771 being below 0776, may trigger a drop. 0776 may/could become resistance. {image}
It closed now.. lets see if 0771 comes this hour.
those who can, do. those who cant, talk about those who can
  • #111,699
  • Aug 28, 2023 11:10am Aug 28, 2023 11:10am
Not much move w/o London
Over night maybe the aussies can move it
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those who can, do. those who cant, talk about those who can
  • #111,700
  • Aug 28, 2023 11:54am Aug 28, 2023 11:54am
124 people must be bored.
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those who can, do. those who cant, talk about those who can
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