Starting it off.
I'm not sure if I will be able to place anything valuable today, as I have just arrived home and need to see what happened on Friday and Thursday.

Kind of frustrating that I actually started a post right before I quit posting last night saying 'I think the odds are extremely high that that was it, and new all-time highs will be forthcoming', but I backspaced it and quit. I guess I was thinking it needed an explanation as to why I thought that (and I was really tired), and I didn't want to write more, so I deleted it. I should have posted it just so my thoughts were on record. It partly had to just do with the behavior, but mostly with my timing factor concepts, which I think were easy to do 'incorrectly' here and get an incorrect viewpoint. When applied correctly it was quite clear what was unfolding, in my opinion. Just some thoughts to guide the recent mentor students.

If that monster move in the Euro is a manipulation, and I wish it was, then 1.09 should stop it.
Now it's nothing more than area of concern.

60 pips in 8 minutes. Nice move. Getting closer to 1.09.

I'm starting to wonder about that 1.23 +- area...

This is what they call progress. Nah, the market isn't expensive for Joe Average, not at all.





Source: http://www.zerohedge.com/news/2015-04-23/next-time-someone-says-buy-stocks-show-them-chart

Checking things out. I haven't been getting much sleep lately with all this overnight action. Another repeat here with the pullback setup and the obvious long. Just waiting on another new all-time high. That may be the norm for awhile, we'll see.

If they are going to continue at that pace we will see it next week.
For now it stopped at 1.0907 and came down for a backtest at key line. Show time.

Originally posted by jimkane

I'm starting to wonder about that 1.23 +- area...

Correction in the Euro seems done.

Euro is heading towards 1.10-1015.

bear abcd within the bigger bear abcd - in other words, the c-d leg contains abcd