I sure wish someone else would step up and start these weekly topics...

.886 stretch

Looks like my yesterday's hunting on GBP correction was aimed at too shallow move.
A more robst one should be considered.
First area hit during Asian session.

Interesting behavior here. Normally I'd say this may sell, but in this new 'bull' leg, it never seems to sell from a lower high...

Point being, I'm expecting a burst up, as the manipulators see what 'would' happen under normal, free market circumstances.

Anyone notice the huge, key TL here in gold? GC #F.

Yes it's re-testing it as we speak.......

Over two hours in a 2.75 point range, going on three hours in a 3.75 point range. Same old, same old.

Jim I hope you are wrong about the ES and the manipulators just let go here.......

I hope so, too. But, they just never seem to sell from a lower high, a 'W2'. 'W2's have been sucker bets in most cases. Yes, I don't mean 'never' literally, as we just had a nice 'W2' this AM, and yesterday, too. But that's different. They use those 'W2's to set up the early AM drop right to a key area to get the suckers so they can ramp at better prices. But, in the afternoon, when pushing up at the previous high, I almost never see them dump from there. They like to dump from new highs. Those kind of afternoon, after a full day of grinding ramp, and then sell in the last hour, those used to be not uncommon, and nowadays are scarcer than hen's teeth, I find.

I'd like to say gold better hold this daily/240-min TL here, which it saw and bounced right off of, but I can't imagine they won't play games with it, it is so obvious. I can't imagine they don't try to get under it to catch those stops.

Post like this has incredible value for my learning process. Thank you Jim.

I've got many questions how to act in few areas which are shown on the chart and I found are critical in early stage of trade, but I know you can't answer it on the forum. I have ideas and experiment with it and I'm very interested in opinion about it.

Originally posted by jimkane

Okay, here's a chart showing some of my posts, marked at the times, as best as I could do it, when I posted them. Also check out the post I made at 15:53:40. I couldn't find the room to squeeze that one on the chart. Everything I mentioned was based on the methodology. Look at some of the other posts, like the one about the lines coming in. Look at that EXP ABCD. Study the higher timeframes and see why I thought this may go up (other than it was Friday close and time to prep for Sunday night GLOBEX/Monday).

No matter how many cool areas lie below, or how much I want this to sell, 'they' want it up, and the defense of the GZ was a clear signal. Note my post before I started this sequence, about rigorously defending the LOD via the GZ. It wasn't my first mention of that. Clues. Technical factors. The methodology. What roofer likes to call 'the tools'. Now, do some work. Study what led up to what I have shown here.

Click image for original size

Chart created on QCharts, courtesy eSignal.