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MA
MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
So, let's see if this long area plays out, or if this attempt at starting some upside leads to a failed backtest of the slightly broken price flow.
MA
MarcinO
Rep: 67
Posts: 5,506
The Pound may need larger correction here.

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6b 2014 06 24 png
MA
MarcinO
Rep: 67
Posts: 5,506
For ES I have the main area at around 44.50 and the minor one at 42.

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es 2014 06 24 png
RA
rat89
Rep: 0
Posts: 7,015
double 1.27

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screen shot 2014 06 24 at 9 55 30 am png
RA
rat89
Rep: 0
Posts: 7,015
sorry....go back to the march-april swing and it's a triple
MA
MarcinO
Rep: 67
Posts: 5,506
With new all time high and new timing factors I readjusted my morning area to 42.50-43.50.
JI
jimkane
Rep: 3,058
Posts: 33,089
This 47.50 is a key area before Marcin's area is hit. It 'sees' it, but it may not fully respect it. It is significant enough that I am giving it respect until proven otherwise, though. That proof may happen any second now, we'll see. Note the obvious TL here.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, key spot here, does this little 1-min rollover send it down below the area, or create a dip/retest and then up? I think the odds favor down by a bit, but technically, if it wasn't for the now popular 'V' move, it 'should' go up.
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch closely. It's starting to plunge hard off the rip there. Watch the 'retest' point now.
JI
jimkane
Rep: 3,058
Posts: 33,089
Sometimes all this leads to is chop on the area for the rest of the session, though, so I am ready for that possible outcome here, too, although today that seems less likely than the usual when they do the newly popular 'V' move.
JI
jimkane
Rep: 3,058
Posts: 33,089
Did you all notice how the afternoon setup was right off the obvious TL, with a retest on that TL again? In order for TL to keep sucking suckers into the games they play as they game them, they have to work sometimes, or even suckers wouldn't get sucked in.