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MarcinO
Rep: 67
Posts: 5,506
Aussie and Cable may need one more push to the downside.
It seems that like ES, FX didn't drop to key area on Friday.

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6a 2014 08 03 png



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6b 2014 08 03 png
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MarcinO
Rep: 67
Posts: 5,506
If Gold needs it too, this is the area to watch I guess, but 1298 was also a confluence that could send it lower.


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gc 2014 08 03 png
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jimkane
Rep: 3,058
Posts: 33,089
Nice charts, Marcin. Thanks for starting the topic up.
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jimkane
Rep: 3,058
Posts: 33,089
I'm getting excited as the open draws near. On one hand, a lot of times they like to gun up the Sundays. On the other hand, we have an ABCD-like structure and the 1900 area calling to this. Now all I have to sort out is how do they 'get' the most suckers as they play off the key areas? This is the fun part for me (because I get a chance to think, to come up with scenarios, etc.).
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jimkane
Rep: 3,058
Posts: 33,089
Indications are for an open at 19, up +2 points.
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jimkane
Rep: 3,058
Posts: 33,089
ES hits 20.50... Is the5 tick 'dip' here the buy?
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jimkane
Rep: 3,058
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I think it was, but we'll see.
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jimkane
Rep: 3,058
Posts: 33,089
So far, so good.
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jimkane
Rep: 3,058
Posts: 33,089
Watch here, this is the first spot it may dump from.
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jimkane
Rep: 3,058
Posts: 33,089
Snap down, and then a snap up. That was a typical snap game there.
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rat89
Rep: 0
Posts: 7,015
where the 1.618 meets the .786...not that there aren't lower areas.....a bounce must clear 112.20 area


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screen shot 2014 08 04 at 8 40 35 am png
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jimkane
Rep: 3,058
Posts: 33,089
Wow, it's already selling hard off the area. I am really loving this, but a bit surprised they'd go into the futures close that way. Awesome.