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JI
jimkane
Rep: 3,058
Posts: 33,089
Just starting it off. I wonder if they'll keep doing late day rapid-sells, or was that just a holiday week anomaly?
MA
MarcinO
Rep: 67
Posts: 5,506
The Pound is likely to be reversed shy of the red TL.
Be sure to use M60 charts. There are some errors in M120. (I'm using 'all sessions' charts)


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6b 2013 12 04 png
MA
MarcinO
Rep: 67
Posts: 5,506
The area mentioned by Jim yesterday.


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es 2013 12 04 png
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MarcinO
Rep: 67
Posts: 5,506
The Cable is making one more push into the area.
At the first attempt it barely touched the top of it and reacted so fast that it was impossible to open a position with a reasonable reward:risk.
RA
rat89
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Posts: 7,015
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screen shot 2013 12 04 at 9 34 32 am png

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screen shot 2013 12 04 at 9 37 48 am png
RA
rat89
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Posts: 7,015
iwm then and now:

1.618/1 called the top area:

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screen shot 2013 12 04 at 10 08 23 am png



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screen shot 2013 12 04 at 10 03 16 am png
MA
MarcinO
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Posts: 5,506
1805-6.50

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es 2013 12 04 2 png
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MarcinO
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Posts: 5,506
If it dumps from 1805-6.50 it will make a potential CD leg (1.128 AB) to the 1775 area.
RA
rat89
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Posts: 7,015
based on the fibs at the top, there was too much importance in that area....



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screen shot 2013 12 04 at 10 59 45 am png
MA
MarcinO
Rep: 67
Posts: 5,506
If this is it, only touching top of the four point wide grouping, and then up, I'm gonna miss the second trade today...
The first one was the Pound.
JI
jimkane
Rep: 3,058
Posts: 33,089
Very nice chart work, crew.

I'm only going to comment that the moves last night and today are just unreal, not only because of the size and smoothness of the trends, but also how they went from area to area to area, lines to lines to lines. It's just amazing, to put it mildly.
JI
jimkane
Rep: 3,058
Posts: 33,089
And it closes one tick from the HOD!!!