MyPivots
Sign In
MA
MarcinO
Rep: 67
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.

Click image for original size
6e 2015 05 10 png


Click image for original size
6e 2015 05 10 2 png
JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, watch closely.
JI
jimkane
Rep: 3,058
Posts: 33,089
Nice charts, crew. Great stuff.
JI
jimkane
Rep: 3,058
Posts: 33,089
I want to short this now soooooooooooooooooooooooooooo badly.
JI
jimkane
Rep: 3,058
Posts: 33,089
And if it did one more little push to 'retest' that overnight stop run head fake high, say at 2100.75 +- (the high was 2101.00), I'd want to short it even more. But the desire right in here is overwhelming.
JI
jimkane
Rep: 3,058
Posts: 33,089
Look at how it 'sees' this area and backs off from it. Let's see if that's it, or if it plans to dump. I'm watching the one more push idea, too, but if it gathers strength in here, it may not stop to the upside. I could see it act like it's weak (already done), gun it up, wrong foot everyone, then dump hard. Still, I'm not sure it can do anything right now but weaken... Just some scenarios.
RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2015 05 12 at 1 25 29 pm png

Click image for original size
screen shot 2015 05 12 at 1 32 29 pm png
RA
rat89
Rep: 0
Posts: 7,015
.685 at the second tap at the median line
JI
jimkane
Rep: 3,058
Posts: 33,089
Pretty amazing, rat.
JI
jimkane
Rep: 3,058
Posts: 33,089
Die, pig, die?
JI
jimkane
Rep: 3,058
Posts: 33,089
Anyway, that's the area for the pullback there, and it's starting to trigger, so let's see if they head it up now.
JI
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.