I will start this discussion topic with EURUSD chart.
On Friday it reversed six pips below the zone. I assume it may hold for a while and give some reaction but then it will be crashed.
Just my opinion.

It's so funny, I find myself at times heavily long side bias, rooting, begging for it to crater. I'm always trying to think about the bigger picture. By bigger picture I don't necessarily mean the higher timeframe, but I like to think out 2-3 trades or more, like in billiards or chess, not only the trade I may be in right now. Just like in chess where you might sacrifice your bishop because in the long run that's a better plan, I don't always root for every trade to go as far as possible. Sometimes it might be better if a trade ends 'prematurely' if it sets up other possibly much better trading scenarios. Just a concept that I think is important to understand.

TL creep. In 'the old days' we know how that would end (swoooooooooooooooooooooooooooooooooooooosh). Since Mar '09, though...

Originally posted by jimkane

But it will probably just respect the TL it's sitting on right now and set those new highs...

Now the tough question. The TL has been violated. Fake down snap trap, sideways chop until the correct afternoon time to start the ramp, or the start of a genuine move down? Decisions, decisions...

All right, watch the ABCD area. C'mon 'W3'. Gimme a 'W3' all the way to hell for the bulls.

C'mon, 80 area... C'mon 80...

They are really moving into gold and silver big time.

I am going to be soooooooooooo disappointed if that ABCD is it...

Okay, watch and see if those psychos just gun it up from here now...

Well, at least it is giving me something... I hope it can get to that 80 area, though... But this 87 area (it's at 88 now, and that is the upper part of this spot), this may be tough for it.

C'mon, you oinker, dump.

I realized it now ..... Thanks Jim .