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The Swamp

  • #114,961
  • Jan 31, 2024 8:46am Jan 31, 2024 8:46am
Quoting gatorinla
{quote} All ancient cities worldwide were close to a salt supply, and fresh water supply.
When visiting my Mum in the cotswolds I often walk my dog along part of an ancient salt road . It goes from Droitwitch in the Midlands down through to the south west.. a fair few miles.
  • #114,962
  • Jan 31, 2024 9:19am Jan 31, 2024 9:19am
Quoting Ferna
{image}
Well .. Fuck me sideways
  • #114,963
  • Jan 31, 2024 10:30am Jan 31, 2024 10:30am
If you got in 0874/76 ish.. I suggest a break even s/l or tp some. Its back to that 0834/44/34 area. This can later be support or resistance. The month close today should help that bias.
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those who can, do. those who cant, talk about those who can
  • #114,964
  • Jan 31, 2024 10:34am Jan 31, 2024 10:34am
Quoting gatorinla
If you got in 0874/76 ish.. I suggest a break even s/l or tp some. Its back to that 0834/44/34 area. This can later be support or resistance. The month close today should help that bias. {image}
The Basket did not go quite as far down as I hoped.. but I did get the S 0875 sl at BE + a few I want 0795 But I think it can bounce again as you suggest 0834/44
  • #114,965
  • Jan 31, 2024 10:35am Jan 31, 2024 10:35am
Quoting supertubes
{quote} When visiting my Mum in the cotswolds I often walk my dog along part of an ancient salt road . It goes from Droitwitch in the Midlands down through to the south west.. a fair few miles.
Yep modern many roads are built on the ancient ones. The ancient ones built on game trails. Game made trails to salt and freshwater. Long before man.
those who can, do. those who cant, talk about those who can
  • #114,966
  • Jan 31, 2024 10:39am Jan 31, 2024 10:39am
Looking at us chf for 8605 previuos S to be R for S entry with small sl
  • #114,967
  • Jan 31, 2024 10:40am Jan 31, 2024 10:40am
[quote=gatorinla;14737203]Today closed below 0852 and above 0834.. PA may run both directions. It may range between. I did plan on shorting 0874. For a run down to the 200 day 0794 area this week. Pa already made that run. 0874 may still work. But pa already made the last week's close indicated drop. If bearish, it could do it again. It also can continue higher since it already hit that support. Don't let one get away. Close before it takes all your money. Place stops now before the emotion. Don't increase risk. 0930.5 was last week's R ..I dont know if 0874/76 will stop a run.[/q
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uote]
those who can, do. those who cant, talk about those who can
  • #114,968
  • Jan 31, 2024 11:54am Jan 31, 2024 11:54am
1h 6m
presser to follow 30m after
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those who can, do. those who cant, talk about those who can
  • #114,969
  • Jan 31, 2024 12:57pm Jan 31, 2024 12:57pm
3m
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those who can, do. those who cant, talk about those who can
  • #114,970
  • Jan 31, 2024 1:03pm Jan 31, 2024 1:03pm
Presser in 30 min.. Digesting
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those who can, do. those who cant, talk about those who can
  • #114,971
  • Jan 31, 2024 1:05pm Jan 31, 2024 1:05pm
"Economy expanding at a solid pace"
The "rate hike" comment removed from the last statement
those who can, do. those who cant, talk about those who can
  • #114,972
  • Jan 31, 2024 1:10pm Jan 31, 2024 1:10pm
Quoting gatorinla
"Economy expanding at a solid pace"
Has Powell ever gone against what's written? If not it means the dollar might get stronger.
  • #114,973
  • Jan 31, 2024 1:17pm Jan 31, 2024 1:17pm
Quoting Mitiblotch
{quote} Has Powell ever gone against what's written? If not it means the dollar might get stronger.
That's my point. A rate cut, does not always mean the currency will fall. A good economy can keep the USD strong even with cuts. That year close below 1041 pointed to this 200 day challenge. It can do more.
Add in some possible/likey Red Sea inflation.. It makes cuts harder. Then add in some skirmish in the Red Sea area. Flight to safety usd. Future Red Sea caused inflation, could make cuts harder. This has not digested since October.
those who can, do. those who cant, talk about those who can
  • #114,974
  • Jan 31, 2024 1:25pm Jan 31, 2024 1:25pm
Quoting gatorinla
{quote} That's my point. A rate cut, does not always mean the currency will fall. A good economy can keep the USD strong even with cuts. That year close below 1041 pointed to this 200 day challenge. It can do more. Add in some possible/likey Red Sea inflation.. It makes cuts harder. Then add in some skirmish in the Red Sea area. Flight to safety usd. Future Red Sea caused inflation, could make cuts harder. This has not digested since October.
If the 200 day was not here. The EU would be lower now.
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those who can, do. those who cant, talk about those who can
  • #114,975
  • Jan 31, 2024 1:29pm Jan 31, 2024 1:29pm
Quoting gatorinla
{quote} If the 200 day was not here. The EU would be lower now. {image}
I just went short. Many things suggest short. Let me hope Powell gives me at least 0770.
  • #114,976
  • Jan 31, 2024 1:32pm Jan 31, 2024 1:32pm
Each level to a degree close below is a stronger bear. If it manages to close today below 0844 34.. This may later be strong R
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those who can, do. those who cant, talk about those who can
  • #114,977
  • Jan 31, 2024 1:38pm Jan 31, 2024 1:38pm
Powell doing Q/A now
those who can, do. those who cant, talk about those who can
  • #114,978
  • Jan 31, 2024 1:50pm Jan 31, 2024 1:50pm
Quoting gatorinla
Powell doing Q/A now
Powell keeps mentioning that everybody agrees on a cut bla bla bla. He's gently going against what's written in the report.
  • #114,979
  • Jan 31, 2024 2:08pm Jan 31, 2024 2:08pm
Quoting gatorinla
Powell doing Q/A now
Q/A still talking.
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those who can, do. those who cant, talk about those who can
  • #114,980
  • Jan 31, 2024 2:23pm Jan 31, 2024 2:23pm
Quoting Mitiblotch
{quote} Powell keeps mentioning that everybody agrees on a cut bla bla bla. He's gently going against what's written in the report.
If today closes below 0844 34.. We still got NFP .. I think maybe now, no more than 60 pips of slip above 0844 34. NFP may have that pump before. Than if it is higher than estimated. That too can make it rise. But basing on a close below 0834 44 alone.. To me it would be a bearish close, added to last months year bear close.

Example with the mentioned close. Pa may still have trouble with the 200 0807 0784 075x/41..So if they would support these. A rise may later come once more, to 0844/34 and some slip. (slip likely to now less than 60 pips)
those who can, do. those who cant, talk about those who can
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