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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
.886 ABCD to the pip, by my data. New highs for the move now. Like I said, the Euro is the easiest money lately I, perhaps, have ever seen in trading in my entire career, and I'm 'The ES Guy'. No claims, just my opinion.

Originally posted by MarcinO

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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6e 2015 05 15 5 png

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
Rep: 3,058
Posts: 33,089
Not much to say on this. The SL has held it, so I guess the plan is come off that a bit, then, just like the Euro came off today into the ABCD, then up and over, they come in at some point, and head to the area. Maybe on a Sunday gap and go, maybe after a bit longer churning around. That's my view, anyway, for the highest probability scenario.

Originally posted by jimkane

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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jimkane
Rep: 3,058
Posts: 33,089
Besides, I can't even recall the last time we had an HC^2 narrow range day, so we are overdue. But, alas, I think this could explode into the last hour (or even sooner) and come out of the RTH range. I'd love to see that to the downside, but when do they ever sell it off into a Friday close on a day when new all-time highs have been hit. Don't quote me on this, but if I recall correctly the answer is... never.
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jimkane
Rep: 3,058
Posts: 33,089
I'm almost thinking it's a buy for a run into the close. But they rarely take out all-time highs twice, they like to save them. So, maybe a run to close it near the highs (the overnight new all-time highs, not the RTH highs)?
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jimkane
Rep: 3,058
Posts: 33,089
20.50-22.00 would be the area if they wanted to fall shy of taking them out.
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jimkane
Rep: 3,058
Posts: 33,089
And I'd almost expect a sweep down before they gunned it. But, probably none of this will happen, and it will just grind sideways into the close...
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jimkane
Rep: 3,058
Posts: 33,089
But my view is up from here in a pop, into the close. We'll see.
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MarcinO
Rep: 67
Posts: 5,506
Right as it is easy even for me, although focusing more on line to line games I struggled a lot with trading in smooth trends.
It's just a matter of adjusting yourself to current market behaviour, I guess.
But with such a long moves reward:risk ratio is great and enables above average earnings.

Originally posted by jimkane

.886 ABCD to the pip, by my data. New highs for the move now. Like I said, the Euro is the easiest money lately I, perhaps, have ever seen in trading in my entire career, and I'm 'The ES Guy'. No claims, just my opinion.

Originally posted by MarcinO

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.

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/



JI
jimkane
Rep: 3,058
Posts: 33,089
Just 'Too easy'.
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jimkane
Rep: 3,058
Posts: 33,089
C'mon, just do it already. Give it to me, baby.
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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.