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MarcinO
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Posts: 5,506
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.

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6e 2015 05 10 png


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MarcinO
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I envy you that price action in the ES today, Jim.
The Euro was in a constant chop today. Impossible to earn anything in my opinion.
Although it stopped on my area, which always gives some satisfaction.
JI
jimkane
Rep: 3,058
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And down to a new LOD after a 'deep' retest. Wow. Suh-weet.
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, all I ask for is movement. I'll do the rest.

Originally posted by MarcinO

I envy you that price action in the ES today, Jim.
The Euro was in a constant chop today. Impossible to earn anything in my opinion.
Although it stopped on my area, which always gives some satisfaction.

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jimkane
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Looks 99.9999% like it's going to give back that entire jobs pop right from here. Interesting.
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MarcinO
Rep: 67
Posts: 5,506
So the Euro stayed for a day just above 1.1130 and today moved sharply to the upside.
I think that the area of concern for today is at 1.1330.


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rat89
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Posts: 7,015
this is awesome....they ran spy up to the abcd at .886 Friday and let it sit....ran it up a few more pennies yesterday morning, then topped it and whacked it overnight.....right down to the .618. My guess is this is a monster bear trap and they run it up to new highs into opex

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rat89
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screen shot 2015 05 12 at 10 17 54 am png
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rat89
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iwm 15 – set up abcd bear trap at the .50 for the end of a bull move to the green median line off the low. Purple set median line hit for the bear move from the .50 to right in the middle of the .786 – .886 range this morning.
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abc bear 311239 jpg
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jimkane
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Posts: 33,089
And that's exactly what it did. And now, of course, it's made up all that drop from the second leg. Notice the head fake stop run to the upside (and right to the breakdown backtest area) before they cratered it. Now it's right back at the flow from the original breakdown point, and this becomes a super-big-time 'now we see' spot. Clue time. We all assume big upside, like rat said, into OpEx, but this is where they 'verify' it. Prove they have the stones for it. Right in here the talk ends.


Originally posted by jimkane

Looks 99.9999% like it's going to give back that entire jobs pop right from here. Interesting.
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jimkane
Rep: 3,058
Posts: 33,089
My gut says way up from here.
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jimkane
Rep: 3,058
Posts: 33,089
And it's still rising in the Friday after-session. It just hit... 20.25. Uncanny, huh? I'm thinking so. Not me, the tools. The universe. Just amazing.

Originally posted by jimkane

20.50-22.00 would be the area if they wanted to fall shy of taking them out.