It may be premature at the moment as we are at potenial C point, but if this one plays out I will be looking at 1.3770 as a 'target' area.
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MA
MarcinO
Rep: 67
Posts: 5,506
I will start this week with the Euro potential ABCD.
It may be premature at the moment as we are at potenial C point, but if this one plays out I will be looking at 1.3770 as a 'target' area.
It may be premature at the moment as we are at potenial C point, but if this one plays out I will be looking at 1.3770 as a 'target' area.
JI
jimkane
Rep: 3,058
Posts: 33,089
There used to be an old TV commercial in the U.S. a long time ago. The punch line was to point out the 'no-brainer' (no pun intended) aspect of the point being made. It showed a a hot frying pan, and the person said "This is drugs". Then they cracked an egg into the frying pan, and said " This is your brain on drugs. Any questions?" Here's the video on YouTube:
I'm not bragging, or saying I'm great or anything here, but I would love to do a video with this same cadence, and it goes like this:
"This is the market. This is Jim's read on the market. Any questions?" My points are, I think (if I really even have any points), that reading the action and deciding what plays to make (Every hand's a winner, and every hand's a loser...) is a very important skill, and secondly, I think that even though we have very complex tools, and I need those complex tools, the application of those tools is perhaps made too complex by traders who are still in the learning phase. Maybe they have to just go through that phase, and maybe they can work to better recognize this, I'm not sure. If you are a student of mine, ask me (if you haven't heard it yet) to tell you the Bruce Lee full circle story (and circle ranking system he used).
Some recent posts:
"I may be 'wrong', but I think this one won't give me an exit signal for the long play for quite some time."
"It looks ready now for those areas mentioned last night, and fresh new all-time highs."
"This 4PT/flat hybrid here may be all it needs. If so, that implies extreme strength to me."
"It's primed quite well now for the 65 and 73 areas." (Jim's note from this post: Yes, it had to complete the fuller ABCD before heading up, but the area remained the same, regardless.)
I'm not bragging, or saying I'm great or anything here, but I would love to do a video with this same cadence, and it goes like this:
"This is the market. This is Jim's read on the market. Any questions?" My points are, I think (if I really even have any points), that reading the action and deciding what plays to make (Every hand's a winner, and every hand's a loser...) is a very important skill, and secondly, I think that even though we have very complex tools, and I need those complex tools, the application of those tools is perhaps made too complex by traders who are still in the learning phase. Maybe they have to just go through that phase, and maybe they can work to better recognize this, I'm not sure. If you are a student of mine, ask me (if you haven't heard it yet) to tell you the Bruce Lee full circle story (and circle ranking system he used).
Some recent posts:
"I may be 'wrong', but I think this one won't give me an exit signal for the long play for quite some time."
"It looks ready now for those areas mentioned last night, and fresh new all-time highs."
"This 4PT/flat hybrid here may be all it needs. If so, that implies extreme strength to me."
"It's primed quite well now for the 65 and 73 areas." (Jim's note from this post: Yes, it had to complete the fuller ABCD before heading up, but the area remained the same, regardless.)
JI
jimkane
Rep: 3,058
Posts: 33,089
C'mon baby, give it to me. But, this little 1-min 'retest' may be all it has. But I want more. Lots more.
JI
jimkane
Rep: 3,058
Posts: 33,089
Give it to me, baby. (I know it's almost surely done, but let me hope they monkey-hammer it.)
JI
jimkane
Rep: 3,058
Posts: 33,089
TL fake out at .382 here is a for it, but let's see a .447 stretch to a key spot (my students should know exactly what I mean here). Then let's see if it can take the lows out for just a bit...
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, all done for me except the last one. I'd be surprised if they could do that, too, This 'should' be done now. But I can hope. Oh, BTW, yes, I had been waiting on the 65 area for some time now, so I was short-side countertrend bias off that, especially based on the approach (sorry to keep saying this, but my students will know what I mean here).