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Marco-T
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Wish you all nice and successfull trading week.

Here is what I've been looking at the whole day. The .382 area was support overnight and got re-tested at the open. Easy setup and worked pretty good so far.

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JI
jimkane
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Bearish EXP ABCD at 13:53, bullish DT ABCD, a bigger pattern in line with yesterday's big ABCD, at 13:42. It's actually a 1.902 DT ABCD. The better one completed at the 1.618 area at 13:24, but it did another push down after that. It isn't an ideal pattern, but the main key lines hit at the lower 1.902 area.
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jimkane
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And the lower area was less than a tick from the key .382.
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jimkane
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The cool thing is that the new low was only one tick below the previous low, so a stop three ticks below the low (which is what I generally like for a 3-min pattern right now) would not have been hit. It would have been nerve-racking to sit through, but so is any heat. And so would all this chop since then...
ER
EricD
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Posts: 692
thanks Jim
ER
EricD
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Posts: 692
any comments for today?
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jimkane
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Sure, did everyone see the DT ABCD at .382, .447, .564, .886, at key RTH trendline, GLOBEX trendline, lower // to the tick, and more, at the LOD at 10:42?
ER
EricD
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Posts: 692
didnt see that one jim...i see the low period at 1042 time.
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jimkane
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Keeping an eye out on the 71-73 area next, and then 74-77 after that.
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jimkane
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I have several small things right here that it 'sees', and that two tick RTH 'stop run' there is also a factor, so let's see what it does from here...
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jimkane
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Look at that 1-min spike line that also hit at the high area. It was a 'pseudo-3-drives', too.
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jimkane
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Posts: 33,089
Yes on both, the small 1.272, and yes, the TL creep plays out once again. It's one of the most awesome observations I've ever made.