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MarcinO
Rep: 67
Posts: 5,506
The Euro made a huge drop on Friday and still has a plenty of room to go.
It stopped at a very technical spot, so I'll be looking at two areas to continue to the downtrend: 1.2420 with best timing before European open tomorrow and 1.2440-50 which may produce a reversal at any time before tomorrow or on Tuesday at the latest.

TL backtest at 1.2405 with couple of other things coming together there is a very short term opportunity, if any, in my opinion.

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6e 2014 11 23 png
JI
jimkane
Rep: 3,058
Posts: 33,089
68.25 here should be all it does if they plan to goose it up. Big clue here.
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jimkane
Rep: 3,058
Posts: 33,089
Well, look-ee here.
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jimkane
Rep: 3,058
Posts: 33,089
So, it's looking like range chop was the decision it made awhile back.
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jimkane
Rep: 3,058
Posts: 33,089
Usually by the end of the market day I'm tired, and a bit juiced up. You know, charged up from all the action and all the work and concentration. The last two days, I'm just tired. Nothing but exhausted and bored. I hope this action picks up soon.
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jimkane
Rep: 3,058
Posts: 33,089
Maybe I'm going to get my 64 after all?
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jimkane
Rep: 3,058
Posts: 33,089
The area is a little higher with the longer time to hit the upsloping lines. 64 and change.
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jimkane
Rep: 3,058
Posts: 33,089
And into the futures close they run that drop right back up. What yo-yo action.
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jimkane
Rep: 3,058
Posts: 33,089
Shouldn't be long until the new all-time high. But, they usually don't do anything at this time of day, so this must be a fake run at it, waiting until the European open...
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MarcinO
Rep: 67
Posts: 5,506
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es 2014 11 26 png
RA
rat89
Rep: 0
Posts: 7,015
this is like one big trend day down.....see how this appears to point to 100 - 104 area?

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screen shot 2014 11 26 at 9 08 44 am png

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screen shot 2014 11 26 at 9 08 52 am png
RA
rat89
Rep: 0
Posts: 7,015
nothing makes me happier than seeing the trend resume ;)


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screen shot 2014 11 28 at 12 25 23 pm png

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screen shot 2014 11 28 at 12 22 21 pm png