Here is the update of few charts from last week.
DJIA still respects the upper ML of Roofer's The Trade setup at March bottom:

Can we ask for more in a single 4PT ??

... and yet it failed. Was anything wrong with this setup Jim?

... I know - the context was not there ...

Originally posted by jarek

... I know - the context was not there ...

The 'context' for this setup was terrible. But, the main thing was a significant event/move happened overnight, and this index does not reflect that. Look at the pattern with all sessions data on the ES and the poor 'context' for this setup should be very clear.

Originally posted by jimkane

Reminds me of the old song from the TV series 'The Jeffersons': "Yeah, were moving on up..."

Let's see what it thinks of 96, now that it's there. Too bad the day is almost over and GLOBEX has to resolve this...

And yes, this meets my criteria for a 'hold some into GLOBEX with a stop and see what happens'.

Ah, the old hold into GLOBEX resolution. Got to love it.

Originally posted by jimkane

Yeah, real quiet, Jarek. And many times the quieter it gets, the quieter I get.

Hey, anyone catch the ABCD at a .382 and key line in the Aussie? And that first thrust was right to the area almost exactly that I was watching for a first thrust (I was watching .9172-.9188 and the high there was .9183, basis Dec futures). Now we see what it does from here.

So, no comments from you regular currency traders? This was just a Klassic KT setup, what I am always on the hunt for. There were others, too...

Interesting area to see what it can do from here, too small
timeframe but overlapping on it's way down to this spot.





Mats

Nice linework, Mats.

Thanks !

Well I have not used the "free" adjusted set so much
but it gives a complete new dimension even if it takes a lot
of practice at least for me.


Mats

Be cautious here at this 7.50 area.

Okay, I'm done with the one man show. I did enough notes, with the time stamps, for everyone to study. Have fun.