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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.

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6e 2015 05 10 png


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6e 2015 05 10 2 png
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jimkane
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Give it to me, baby.
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jimkane
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Posts: 33,089
2100.75 hit on an additional push, as suspected. But, as I said, now that it's done it, and off a key area, it may not stop. It's right at the upside breakout spot.
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jimkane
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Well, look at that, right off 2100.75 to the tick.
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jimkane
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Pretty crazy how 2100.75 stopped the frenzy cold, a level I pointed out way in advance, to the tick. I'm not saying this to toot my own horn, but to say I'm still baffled that all our 'top' business and financial colleges still adamantly teach that the market is random...
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jimkane
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Just amazing. Now, watch this 94.75 area. Clue time.
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jimkane
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I'm on a posting roll today...
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MarcinO
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Yes Jim, and you started early today. Thanks.
Here are my areas for the Euro, provided it continues a structured uptrend. 1.1370 tomorrow (1.1390 is less likely I guess) and 1.1430-50 on Thursday.

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6e 2015 05 12 3 png
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jimkane
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2100.75. Pretty frickin' amazing, huh?
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rat89
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most traders will read this as bullish, but to me they brought it up to the perfect bull trap. Iwm bear abcd with an abcd in the cd leg right to the kz of the larger move down.....and spy stalled at the .618.....perfect fibs in both directions for days now, just awesome. If they don't pop it up and out of there, spy could make a mad rush to the 205 area in the next couple of days and wash out several layers of stops

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screen shot 2015 05 12 at 9 58 42 pm png

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screen shot 2015 05 12 at 9 58 50 pm png
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MarcinO
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Wow, Armstrong indicates, with 10 pips tolerance, the same key levels for the Euro as we do here in the forum.
http://armstrongeconomics.com/archives/30439
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jimkane
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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.