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MarcinO
Rep: 67
Posts: 5,506
I'm still counting on the end of correction in the Euro. Looking at the weekly chart one may find significant lines coming between 1.1050 (the strongest one in my opinion, that's why it posed a resistance on Wednesday) down to 1.0950. Dropping to lower timeframes enables to see the heart of this level is just below 1.1000. We will see tomorrow.

Click image for original size
6e 2015 05 24 png
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jimkane
Rep: 3,058
Posts: 33,089
Probably means a little less than zero, but I love looking at this Chinese nonsense. I never tire of it.

http://www.zerohedge.com/news/2015-05-29/tale-two-bubbles-china-vsnasdaq
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jimkane
Rep: 3,058
Posts: 33,089
Okay, it looks like 'showtime' on that ES long.
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jimkane
Rep: 3,058
Posts: 33,089
Watch the bearish ABCD level here. Once it breaks that, I'll post the next two very-short-term levels.
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jimkane
Rep: 3,058
Posts: 33,089
10.50-11.00

12.75-13.50

Center of areas.
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jimkane
Rep: 3,058
Posts: 33,089
Looks extremely weak off 10.00. Is that a trap? I think so.
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jimkane
Rep: 3,058
Posts: 33,089
12.00-13.25, in a grind that takes until say 15:45-16:00 looks the best on the chart, timing-wise. It's acting for all the world like it's not only done here, but that they could flush it hard into the close. This one is going to be interesting to watch. I'm kinda excited to have this last almost hour to enjoy this.
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jimkane
Rep: 3,058
Posts: 33,089
The dead center price and time of my work is 12.50 at 15:53-54. That doesn't mean that's when and where it will hit, only that that is the center of it all.
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jimkane
Rep: 3,058
Posts: 33,089
I think there are small but meaningful odds it may hit around 15:35-38, and then blast through.
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jimkane
Rep: 3,058
Posts: 33,089
I'm only talking about times to keep myself focused and fight boredom as we grind into the end of the week. It's not a big factor in my trading style. Not negligible, but not a big factor.
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jimkane
Rep: 3,058
Posts: 33,089
15:35-38 would be cool...
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jimkane
Rep: 3,058
Posts: 33,089
That's cute. Very cute.


Originally posted by rat89

did you say crash close? :o)

Originally posted by jimkane

Okay, that's a nice move into the cash close.