Interesting spot on the euro. It may be the end of a large ABCD on a daily time frame or just a W3 completed with W4 forming bullish ABCD on H1.

Good morning Duane. Nice to see another FX trader in the forum.
I use standard MT4 tools. The dashed lines are drawn as a copy of basic ML set-up and shifted so as to get symmetry around median line.
In order to get Fib groupings I start with price projections and retracements of ABCD leaving only those that are close to each other, exactly as described by Jim. Then I draw all Fib retracements I know from the previous trend's swings and note down the ones falling close to the areas derived from ABCD alone. I analyse Fibs from only one swing point at one time for the sake of transparency. Once I have checked Fibs levels from all important swings it is fast and easy to place it on the chart. This is the fastest method if you have multiple groupings derived from ABCD alone, unless you are as experienced as Jim and can assess it by just looking at the chart.

BTW: what time do you wake up? It's pretty early in the US.

This trend is a poster child for Kane "Four New ABCD Variations" including DB, TD, and Flat, so why not an expanding ABCD ? The numbers fit.

Nice charts Duane!
The yen is weak against all major currencies and the trend is really smooth.

Thanks Marcino, I am luvin your charts also! Like wise about seeing another forex trader, although I know that other traders here do trade currencies. Jim will trade anything that moves. Thanks for your description of what you do with the groupings, very time consuming with MT4. I usually trade the 4hr charts, so every 4 hrs unless I am waiting for something like I was waiting for a EURUSD reversal this morning. Besides, this is not work at all this is pure pleasure!! No one has it better than us!!Keep up the good work!!

important level hit in the pre-market.....very sneaky indeed....but as jim says, they would never ever send it down, even a little right? only new highs.....

two things I notice around turns of any size.....1) everyone out there is in total agreement as to the state and direction of the markets, and 2) the swings start to hit the fibs very tightly.....we have both in play

Nice charts, crew. Great to have Duane in here.

This is quite a tightening coil intraday in the ES. Probably won't mean much, like it might have in 'the old days'.

AAPL does, indeed, seem to be headed to that 506-7 area.

ES sure looks like it is ready to launch to new highs again. Tough to tell on a 4.75 point day. Two in a row. I hope this isn't a trend.

Originally posted by jimkane

And in the last burst it does indeed make up the drop. Have a good weekend.

You, too.

Al Kamego