Here is the Trading Discussion section for the upcoming week.

Al Kamego

Nice charts, Tommy.

So, up now for a bit? If not, this thing may be dead meat.

Well all my lines are still pointing down and I am only trading longer time frames now so I don't have to sit in front of the screens all day

IWM update 30M and 10M

Nice long setup on the EURUSD last night

Originally posted by jimkane

Did anyone notice that the GLOBEX high, some 22.75 points higher than now, was 'dead on' my old key line that sent this down on June 21st, and was tested multiple times July 13-16, and sent it down, was hit once again and again it went down. That says to me it needs to drop hard now, sustained, or it is most likely going to blow out to the upside with incredible ferocity. Just a thought.

And it blows out hard to the upside, up and over my key lines. This is exactly what I suspected, and it did it right from a very obvious area. That low there was right where it made sense for them to come in. My mentor students will have had some additional clues that made it obvious. The really curious part is, they did it so straight up in one shot off the area there simply isn't juice to keep going without a rest. This has it 'backtesting' the lines right now. But it really needs a bigger rest/pullback than this, and that has me wondering about the 'breakout'.

That's not to say it can't check back deep under the lines and then up and over 'for good', but a pullback under these lines will embolden the (totally hammered) bears. And could this be a nice 'W2' ABCD here still 'at' the lines, and way down it goes? Yes, but that is 'talking myself in to' the premise, and I think it is perhaps the least likely scenario. I rather suspect we are headed up for a much higher test of that April high, or new highs for the 'bull'. I hope that isn't what happens, but I think more QE is coming, as well as more extend and pretend doctored Euro results, and way up it goes. We'll see.

A big clue will come at the 4PT shaping up in here, and if they come in early before it sets up (very bullish), or if they push it down to a standard ABCD (or blow that out to the downside). Lots of things to watch here to try to get reads on their next possible moves.

Originally posted by jimkane

A big clue will come at the 4PT shaping up in here, and if they come in early before it sets up (very bullish)...

So, they only push it back to the .618 and start it up. Not even to the .685. Very bullish, and, there's the new HOD. Am I surprised, after them coming in at the .618???

BTW, anyone trading the mud (crude) from the long side today? Wow.

Now, is that possibly a 3-4-5 and done for the upmove (meaning time for a bigger correction)? It's possible, but I'd be very careful trading against a well over 30 point ES move in on shot. I'm not saying I won't do it if things set up, only that I'd be extra cautious when doing so. Are things set up primo right here?

And there's another new HOD. Point made?

Now, once this gets up here, maybe a 1.128 or 1.272, and hits another key line I have, will that be it?

Okay, jarek, I fixed the current topic. We need to figure out how that happened. There used to be a button on the main page to lock a topic, but only I could do it. Guy told me he'll get to that at some time, but in the meantime, if one clicks on the edit post button (the one above the post that shows the pencil), there are four boxes to check before you get to the text box, the last one being 'Check here to lock the topic after this post'. That's how I locked the rocking chair topic until Guy does the full fix. I will set up a jarek test post. Please go there and see if you can edit my post (you shouldn't be able to), and if you can, check that box and see if you can lock the topic. If you can't edit my post, do one of your own, and then see if you can edit the post, and if so, try to lock it with that check mark. Let's sort this out so I can tell Guy.