Starting it off.
Last week Euro didn't make it above 1.14, starting a correction as expected. 1.12 (+/- 10 pips) is a very strong support level and I'd assume it will work.
In case of troubles I have two more levels at about 1.1120 and 1.1060.
JI
jimkane
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Yes, I think adapting the style, the individual decisions in the plan, to the current 'type' of behavior is crucial, and is yet one more 'edge' to be collected.
Originally posted by MarcinO
Right as it is easy even for me, although focusing more on line to line games I struggled a lot with trading in smooth trends.
It's just a matter of adjusting yourself to current market behaviour, I guess.
But with such a long moves reward:risk ratio is great and enables above average earnings.
Originally posted by jimkane
.886 ABCD to the pip, by my data. New highs for the move now. Like I said, the Euro is the easiest money lately I, perhaps, have ever seen in trading in my entire career, and I'm 'The ES Guy'. No claims, just my opinion.
Originally posted by MarcinO
It was more than enough.
If they want to hit yesterday's HOD than my area of concern is 1.1470-75. 1.1500-1.1525 comes next, but rather unlikely today.
Originally posted by MarcinO
Euro wants to get to 1.1325 but I'm not sure such a correction is enough to send it up again/
JI
jimkane
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Hmmm, I wonder if that's all they have? At this bearish flat? They need to stay on this.
JI
jimkane
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Amazing how it's really respecting that area of the flat. I can't wait to see if they now try to sweep 'em down, or continue the run up off this obvious first pullback area.
JI
jimkane
Rep: 3,058
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Just pop it into the close already, I wanna go home... Wait, I am home. Okay, I mean, I want to quit for the week.
JI
jimkane
Rep: 3,058
Posts: 33,089
You take what it gives. They did try to run it into the Friday close, and they did save the additional new all-time high. So, things are set up quite nicely for the Sunday pop/Monday run for my area, if they want it. BTW, it was only three points and change from that all-time high in that push up into the close, so it's not like it closed weak at all.

