Starting it off.
No charts as I am reinstalling my home PC right now.
MA
MarcinO
Rep: 67
Posts: 5,506
If either of these area is hit I'm not sure there will be any sustainable reaction.
In the morning they created a substatnial move right off of a very obvious line, so once it is broken it is likely to provoke a nice follow-through.
In the morning they created a substatnial move right off of a very obvious line, so once it is broken it is likely to provoke a nice follow-through.
Originally posted by MarcinO
Given that the move down has been delayed till today, the upper area is more likely now to reverse the Euro for some time.
Originally posted by MarcinO
Euro is still in a 'range games' mode, so I think they want to send it to 1.1260-70 before producing a reaction.
Many tools indicate 1.1290, but this scenario seems too obvious to me.
MA
MarcinO
Rep: 67
Posts: 5,506
I was wrong. Nice bullish move of 1.129 so far.
Originally posted by MarcinO
If either of these area is hit I'm not sure there will be any sustainable reaction.
In the morning they created a substatnial move right off of a very obvious line, so once it is broken it is likely to provoke a nice follow-through.
Originally posted by MarcinO
Given that the move down has been delayed till today, the upper area is more likely now to reverse the Euro for some time.
Originally posted by MarcinO
Euro is still in a 'range games' mode, so I think they want to send it to 1.1260-70 before producing a reaction.
Many tools indicate 1.1290, but this scenario seems too obvious to me.
JI
jimkane
Rep: 3,058
Posts: 33,089
LOD was at 2.75. Maybe your chart was off by a little bit, but no more of this miss the area by two points stuff, you nailed the level on this one dead on.
Originally posted by MarcinO
The ES is below a significant resistance at 2121-26.
My areas to go long are 2103-4 and 2096.
MA
MarcinO
Rep: 67
Posts: 5,506
Thanks, Jim.
For sure I treated a set which nailed the reversal point to a tick as an outlier. Anyway, it was within my tolerance level so I traded of this area.
For sure I treated a set which nailed the reversal point to a tick as an outlier. Anyway, it was within my tolerance level so I traded of this area.
Originally posted by jimkane
LOD was at 2.75. Maybe your chart was off by a little bit, but no more of this miss the area by two points stuff, you nailed the level on this one dead on.
Originally posted by MarcinO
The ES is below a significant resistance at 2121-26.
My areas to go long are 2103-4 and 2096.


