It's a bit premature to draw such a deep ABCD for the Aussie, but just in case...

Thans, Jim. Incredible reaction indeed.

Originally posted by jimkane

BTW, for those not following the Aussie so carefully (I love the Aussie, it's in my top four with the ES, CL, and GC), it already hit basically the 1.272 off the ABCD this AM, came right back in for a deep price flow retest, and now the higher Boom off that. Incredible action. Nice get, Marcin.

Cable.

Yeah, and I still can't figure out why the currency would react so much to a CPI report that was in line with estimates.

Originally posted by MarcinO

Thans, Jim. Incredible reaction indeed.

Originally posted by jimkane

BTW, for those not following the Aussie so carefully (I love the Aussie, it's in my top four with the ES, CL, and GC), it already hit basically the 1.272 off the ABCD this AM, came right back in for a deep price flow retest, and now the higher Boom off that. Incredible action. Nice get, Marcin.

A simple explanation for what is coming. Historically, it has always been so, and I am convinced it will be so this time, too. What fools we have been (the hopeful among us), to hope 'they' would do the right thing for us. All along, step by step, they have done just about the worst thing for us humanly possible, every time. And they are going to continue on that path.

"Obama needs war because of the Sovereign Debt Crisis. The pensions are collapsing. Europe is screwed economically. The powers that be simply need war to hold on to power and they all know it."

Source: http://armstrongeconomics.com/2014/07/23/preparing-for-war/

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz. Last two hour chop game. I hope it can 'break out' soon, but I'm not counting on anything but sweeps.

Sweep down time now?

Nope. Sweep up? Some sweep is coming.

Wow, we had to deal with crap action from 10:30-12:30, and now this.

Since they hit the low end of the range to the tick and then snapped up, and they've now hit the top end to the tick, will they snap down instead of up and over? I'm not sure. I'm just waiting on the upside break and another new all-time high, but I am aware they may not do that.

And there's the plunge bar (on the 1-min). Let's see if that sucked enough people in so they can go up and over now. Blow by blow coverage on chop, what a waste of time. But, I'm bored out of my mind.

It looks like nothing but chaotic chop, but in my opinion, it's not. I think they have programs they set to run that just do these manipulation patterns, because they know the reactions they will create, and they just run and take all the suckers money, time after time. It's not just the dips they create, it's how they look when they happen, how fast the move is, how it will affect sucker traders, where they happen, and so on. The way they happen right at key obvious lines, though, makes me wonder if they aren't human directed. If not, the programs are far, far 'smarter' than I would even think possible, they would have to be so 'smart' that it actual would scare me. The ability to differentiate which lines suckers would watch, and then adjust the program games around that, holy cow... Frightening.