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.
JI
jimkane
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Posts: 33,089
It might be done... Just two more small pushes, that's all I'm asking... Here's where I'd insert a smily face.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just realized (yes, just now), that I'm quite a 'colorful' personality. Now here I'd insert the devilish smile.
JI
jimkane
Rep: 3,058
Posts: 33,089
27.25 is the 1.000 'ABCD" to the tick, but I don't think that matters, as I don't think this is an ABCD. But, it could be, and it still would be at 30. So, if this crazy pop is only going to be a one-day wonder, who knows. But I don't think that will be the case.
JI
jimkane
Rep: 3,058
Posts: 33,089
C'mon, piggy, just one more little burst. Give it to me, baby. Maybe in the after-cash?
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, 28.25 it is. Just touching the bottom of the area. 30 would have been nice, but it was more a feather in my technical cap, 'bragging rights' which I don't need to have, than a technical necessity. The really sweet part, to me, for this, is to see this from the perspective of a truly speculative countertrend short, and to make a read it wasn't acting right and to see the shift to the long play early on, in a spot that was just about as good as a spot for someone waiting on the long there. It was all technically, and from a trading standpoint, very cool. I tried to post it step by step as best I could, as it happened, for the very short-term traders out there, if any. For me, it doesn't get any better than this, as far as content provided, and posting of reads as they happen.

