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jimkane
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Posts: 33,089
Kicking it off. I'm expecting another insane week, and many more to come, as this thing starts to unravel.
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jimkane
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Posts: 33,089
Yes, but the curious thing is how many 'things' happen at key points. It makes me think 'they' announce things specifically at key areas on purpose. It seems too 'coincidental'.

Originally posted by rat89

Notice how price pushed into where
2093.55 – 1980.90 = .685 at 2058.07 and
2064.62 – 1980.90 = .886 at 2055.08
They will blame the turn on the ecb, but the news as always follows the geometry and acts as a cover so nobody has a reason to try to figure out what drives price.
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jimkane
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Posts: 33,089
New low for the move, and nothing but air below...
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jimkane
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Posts: 33,089
No posts? Hmmmm. Anyway, they saved the day, as they always do. The major downsloping TL has been taken out and 'tested', and now the super-monster swing high at 62.50 is next. But, according to my new theory, they should save that, since it's 1) a big day, and 2) a key swing point has already been taken out. Let's see.
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MarcinO
Rep: 67
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Too much office duties, Jim.
I've managed to grab some of Euro moves, as a background task, but couldn't clean charts and post it real time.
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jimkane
Rep: 3,058
Posts: 33,089
Finally. Now we see how my theory holds up. Individual cases don't matter, only a series, and so far I haven't seen a case where it doesn't hold. Maybe this will be one, but not likely, I think.
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jimkane
Rep: 3,058
Posts: 33,089
So, I expect some big pressure any time now.
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jimkane
Rep: 3,058
Posts: 33,089
Push it up as close to 62.50 as they can, then pressure. Unless this is the odd case that does take both big swing points in one session.
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jimkane
Rep: 3,058
Posts: 33,089
But I doubt it...
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jimkane
Rep: 3,058
Posts: 33,089
Like I said...
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jimkane
Rep: 3,058
Posts: 33,089
It's just amazing to me how they have all these 'rules', these 'guidelines' they use in the games they play. They are just not obvious to the untrained eye. But, in my opinion, they are there alright.
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jimkane
Rep: 3,058
Posts: 33,089
That was a nice reaction off the 15-min ABCD into the close. Another nice day for trading, in my opinion.