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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
Rep: 3,058
Posts: 33,089
Thanks for posting crew of two, since I'm kinda swamped right now, and I have zero energy to post while watching the market, with all the other things on my mind at the moment.
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jimkane
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Look at the ES go!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Who cares if I get some sleep tonight. Like I can get to bed with this going on.
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MarcinO
Rep: 67
Posts: 5,506
Yes. That's what I posted yesterday, too.
He is very precise with shorter term levels which align pretty nice with the areas we post in the forum.

Originally posted by jimkane

It's all part of the plan, the low 120's plan, and then the descent to the end of the Euro as a currency and the end of the EU. I have to say that I think the Euro lately is the 'easiest' trading I have even seen, as easy as the ES on the best days I have ever seen it. No claims, but it's like having an open invitation from the bank to go into the vault, take whatever you want, day after day, and they will also loan you a pickup truck and a wheel barrow, too, and maybe even throw in a few guys to help you out. It's that easy right now in my opinion. Heavily one-sided markets with persistent trends usually are... Enjoy it while it lasts, I think the end is getting closer.

Armstrong's view is similar:
http://armstrongeconomics.com/archives/30439
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MarcinO
Rep: 67
Posts: 5,506
It seems that abcd in the Euro evolves into a bigger one with potential D point just below 1.14.
We will see.
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MarcinO
Rep: 67
Posts: 5,506
ABCD works fine so far. What one needs to ignore in this pattern are two manipulation bars.


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6e 2015 05 14 png
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MarcinO
Rep: 67
Posts: 5,506
ES may get to 2123 soon.

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es 2015 05 14 png
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rat89
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Posts: 7,015
fascinating stuff here:

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screen shot 2015 05 14 at 10 27 46 am png

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screen shot 2015 05 14 at 10 44 49 am png

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screen shot 2015 05 14 at 10 59 54 am png
RA
rat89
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Posts: 7,015
you're right about that.....key area this morning yet again!
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jimkane
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Thanks for all the posts, crew of two.
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jimkane
Rep: 3,058
Posts: 33,089
Couple points to the new all-time high. But maybe 18.50 is enough, and they save the all-time highs. It's possible they wait.
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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.