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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



Click image for original size
6b 2014 08 03 png
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jimkane
Rep: 3,058
Posts: 33,089
Watch this 25.75 previous swing high,. Okay, it's now above that. 30 should be easy.
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jimkane
Rep: 3,058
Posts: 33,089
1.272 off the last pullback, so be cautious in here, in case all it wanted was to clear out that correction.
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jimkane
Rep: 3,058
Posts: 33,089
No doubt the stuff here and that 1.272 could be it for it. It's fun to watch, just to see what options it takes. The move is made, the day/week is basically over, but it's still fun to study it, and even try various plays.
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jimkane
Rep: 3,058
Posts: 33,089
They are buying it again as it weakened, so it still has a good chance at 30, I think.
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jimkane
Rep: 3,058
Posts: 33,089
Weakening again. Two scalps in a row? I'd like to see 30, just for giggles.
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jimkane
Rep: 3,058
Posts: 33,089
The best area is 29-30, but 30.25 is an even 40 points. So, 'somewhere in there'.
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jimkane
Rep: 3,058
Posts: 33,089
It's making its move.
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jimkane
Rep: 3,058
Posts: 33,089
Boy, do I miss those emoticons. As usual, we are the only group that seems to use them, and the 'new' look at forums is not to have them, so to keep up with the 'modern look', we lose yet another tool. It really does allow one to add information to the post, in terms of our intent, something which in the spoken word is added by body language, but is lost with the written word. But, looking modern and matching what everyone else is doing is more important than providing useful tools for users. As I'm sure many would say, if you want to have a place that makes sense to you, you need to start your own place. At someone else's place, you are at the mercy of their visions, their whims. And if I had any number of members, I would have long ago.
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jimkane
Rep: 3,058
Posts: 33,089
27... Looks like I'm going to nut another one. But, as I usually caution, this is now an 'extended push' on the 1-min, and that can always finish a stretched, topped out move. So, caution is warranted.
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jimkane
Rep: 3,058
Posts: 33,089
I'd just love to finish the day/week with a great read and a move right to the area. I'm thrilled either way, as this has been one of the best weeks imaginable to me with all these line to line, area to area big swings, but it's always a kick to end with a killer read that's also tricky and problematic.
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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.