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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
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jimkane
Rep: 3,058
Posts: 33,089
Thanks for starting it, Marcin.
MA
MarcinO
Rep: 67
Posts: 5,506
The Euro might continue to the upside of the area hit on Friday.

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6e 2014 10 19 png


In case this area doesn't hold I will be looking to go long just below 1.2720.

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6e 2014 10 19 2 png
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jimkane
Rep: 3,058
Posts: 33,089
Big gap up in the ES, exactly as expected.
MA
MarcinO
Rep: 67
Posts: 5,506
Look at the Euro. Backtest of 3-min priceflow and accelaration to the lower area now?
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MarcinO
Rep: 67
Posts: 5,506
The Pound may need some correction in here, I guess.

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6b 2014 10 20 png
MA
MarcinO
Rep: 67
Posts: 5,506
ABCD ?
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es 2014 10 20 png
MA
MarcinO
Rep: 67
Posts: 5,506
Final push into the area posted above or will it really need a deeper correction?
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MarcinO
Rep: 67
Posts: 5,506
If it's gonna make it there - 83.25-84 is a dangerous spot.
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MarcinO
Rep: 67
Posts: 5,506
78-79 and up?
MA
MarcinO
Rep: 67
Posts: 5,506
Horizontal ML at 94 calls for a retest I hope.
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jimkane
Rep: 3,058
Posts: 33,089
Anyway, the ES did something it usually doesn't do, and that's make any kind of move in the Friday after close mini session. This time it kept moving up, set a new high for the entire move, and closed almost at the high tick. It is now fully at the monster weekly backtest line. If this is a bear market, it should roll off this, and roll hard. There is a key area above, built from the immediate price action, and that comes in at 76-87, with a grouping of key Fibs at 94.00-95.50. I could see it hitting the lower end of the area, maybe a little above the lower end, and still be respecting the key TL backtest, but not much more.

Still, does it even seem remotely feasible that this is going to dump to significant new lows from here? The only hope I see at all is that not only do all pundits and analysts say no, it's completely and utterly an impossibility, most readers in here, I believe, are also saying no out loud right now. And that's not meant as a slight to the readers in here, who are among the most highly informed out there, I feel, it's more meant to imply just how good they are at sucking people in. We'll see. I don't really care, from a trading standpoint, what these maniacs do with it. So, that's what I'm working with as we reach arguably the most critical juncture perhaps in trading history.