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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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jimkane
Rep: 3,058
Posts: 33,089
My urge to short the ES here is overwhelming. Ah, the old days, and the concept of a balanced market...
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jimkane
Rep: 3,058
Posts: 33,089
Nice, strong close there at new highs for the move, and a point and change from the all-time high. It will be interesting to see what they do, as far as when and how they take the all-time high, and how they respect/dis the 18.50 level.
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rat89
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It feels as though they are setting up to tank it, but the question is how far do they stretch it up first. Grind it up for another 1-3 months? Monday?
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jimkane
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One tick from the all-time high.
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jimkane
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Just doing a bathroom stop and checked it out, they got the new all-time high handily. My next main level is 37-39, which, if it handles this SL right here, I fully expect to see tomorrow, or Sunday at the latest. But, as always, we'll see. Back to bed. Like I always say, thank the trading gods for the concept of trailing stops.
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MarcinO
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Posts: 5,506
Euro wants to get to 1.1325 but I'm not sure such a correction is enough to send it up again/

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MarcinO
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It still holds and even gave 8 points reaction.
Originally posted by MarcinO

ES may get to 2123 soon.
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rat89
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rat89
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MarcinO
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It was more than enough.

If they want to hit yesterday's HOD than my area of concern is 1.1470-75. 1.1500-1.1525 comes next, but rather unlikely today.

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Originally posted by MarcinO

Euro wants to get to 1.1325 but I'm not sure such a correction is enough to send it up again/

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jimkane
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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.