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jarek
Rep: 94
Posts: 3,474
There is not much to add to the extensive coverage of the recent weeks here. While looking for geometry of Friday's turn on the continuous contract basis I came up with the following picture:

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We have an almost ideal .382 bullish ABCD here. Thanks to Roofer's findings based on thousands of examples we know that probability of taking out the high equals in such case 87%. What's more in order to hit Jim's target zone at the line, a pretty fast move would be required... We'll see next week if we are on the right track and ... in the right train
JI
jimkane
Rep: 3,058
Posts: 33,089
As long as he barfs...
JI
jimkane
Rep: 3,058
Posts: 33,089
I wonder how I came up with that low 70's that I posted last night. Nice chartwork, jarek. And it came to pass, as I rather expected. What a shocker.




Originally posted by jimkane

Might be on this long ES, short yen (futures) for awhile. Who knows. Might end right here. Next key price flow area I'm watching for ES is around the low 70's...



Originally posted by jarek

We have arrived at our downsloping TL for the 6th time in the last 2 days. Will this line confluence magnet help to get through this time around?

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RA
rat89
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Posts: 7,015
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RA
rat89
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Posts: 7,015
oops....this one - double .382 at 12758
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JA
jarek
Rep: 94
Posts: 3,474
Bulls managed to get back inside with the help of a bigger KZ TD ABCD:

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Important test now at this upper ML
RA
rat89
Rep: 0
Posts: 7,015
they stole it from the shed



Originally posted by jarek

Bulls managed to get back inside with the help of a bigger KZ TD ABCD:



Important test now at this upper ML
RA
rat89
Rep: 0
Posts: 7,015
mob?
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Click image for original size
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by rat89

they stole it from the shed


RO
roofer
Rep: 3,689
Posts: 3,574
lipstick on a pig day... note how many indexes closed at LOW of day!
JI
jimkane
Rep: 3,058
Posts: 33,089
So, was that the BOJ intervening there, or was that because of the 'earthquake relief' bonds? That yen can move 300-400 pips like it was nothing. ES jumped over 10 like it was nothing. Crude can do $2-$3 like it was the ES moving a point. Just unreal. I'm finding a lot of what happens from late afternoon until I can't stay awake anymore to be as good or better than the RTH. Unreal volatility.
TX
tx_ches
Rep: -10
Posts: 514
Practice work. I consolidated what Jarek did on the ES 15 minute chart. I'm only showing the last 2 days -- from where I left off on Wednesday.

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