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.
MA
MarcinO
Rep: 67
Posts: 5,506
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.
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
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.
JI
jimkane
Rep: 3,058
Posts: 33,089
Looks 99.9999% like it's going to give back that entire jobs pop right from here. Interesting.
RA
rat89
Rep: 0
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
JI
jimkane
Rep: 3,058
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.







