W2 ABCD with TL backtest?

Thanks for starting the topic, Marcin. I was hoping we'd at least get an ABCD, or a 'W3'. But, they'll probably just gun it right back up. European QE is supposed to start on the 22nd, I'm sure someone else will announce the printing of zillions of trillions of dollars, there are even additional calls for printing in Europe and giving the money directly to people to spend. So, I'm sure we will be fine. Yay, Dow 43,000 here we come. Okay, I got that out of my system, for now.

Hey, since I have discovered (especially as the world worsens and down inside people know what's coming) that people run away from anyone who tells the truth and is negative (because it 'breaks' their illusion that things are okay and they can't handle bad beyond imagination that they have no control over), I have wondered if maybe that's why we only have a handful left in here. I'm so 'negative' and sarcastic that people run away, just like they seem to run away from me in the regular world. I can't tell you how many people have cut me out of their lives because I'm so 'negative'. If you want friends, just make sure you don't tell the truth about the world, or people will stop associating with you.

The area for Euro may the same flaw as the one for ES, given the context described by Jim. But just in case...

I just woke up and checked the ES. Oh, my.

Interesting layout for the Euro. The bullish correction stopped 15-20 points below the area posted yesterday, but the best timing for it to work out is around the open today.
Reversal just below the TL in here is a low probability game, but with a potential 3Ds and tight management it might be worth trying.

uso getting close

I should have elaborated here. For those who didn't understand my comment, it was a flat ABCD, which was set up as a BC leg for the ABCD Marcin showed, or a 'W2'. I also wanted to point out, my area for the ABCD was 15-20, whereas Marcin showed more like 18-24. I wish I would have mentioned that ahead of time, but I didn't. This is a good opportunity, for those who are interested, to assess why I was looking around 15. And for recent mentor students (sorry I always have to say that, but if any are reading, I want them to have the hint it's time to push those skills and try to understand what I am saying), something is setting up right this very second, and one possibility is it resolves by dropping down here. Maybe only a snap trap stop run, but maybe not. The key point is not how it resolves, but that you see what is shaping up here, right now, and that timing-wise, something is about to happen.

Originally posted by jimkane

I just woke up and checked the ES. Oh, my.

It's acting like strong, strong up is coming. I wonder if that means anything, given that timing-wise it's ready.

Get ready, it's showtime.

And dead on schedule it explodes. That timing actor is amazing.

All I can say is 'See?' See how it exploded right on schedule? See how they made it look monster strong, and it exploded up? See how it then did what we have all come to expect most of the time nowadays, where they make it look a certain way to suck people in, and then trap them? See how it gave it all back, and now looks weak as all getout?

Up 44 points from the low last night, by my data. The size of the moves is just blowing me away. I love it unimaginably, but I can't get over it, just like I couldn't back in '08/'09.