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MarcinO
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Posts: 5,506
I'll start with the Pound today, as Euro has been so choppy lately, that closing day on breakeven was a success.
1.5160-5230 is a wide area, derived from weekly time frame, so I believe we are close to a substantial reaction.

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6b 2015 05 31 png
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MarcinO
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I wouldn't complain at all if the Pound hit 1.5460 today.
Although 100 pips it has made so far is not that bad.


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6b 2015 06 04 3 png
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MarcinO
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And if that area doesn't hold the next levels are 1.155 and 1.5540.
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rat89
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screen shot 2015 06 04 at 9 45 19 am png
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rat89
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Ruminating on the possibility of a squirt to the .786 to finish this move and set up the short, which on upro would be where 73.66 - 69.99 = .786 at 72.87. On the 5 minute chart, 72.41 - 70.30 = 1.27 at 72.98 (and 1.128 at 72.68).

For this morning at the low, note that 70.00 - 72.41 = .886 at 70.27

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screen shot 2015 06 04 at 10 15 36 am png

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screen shot 2015 06 04 at 10 13 39 am png
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MarcinO
Rep: 67
Posts: 5,506
I don't know why, but that's the third time this week when the Pound reverses about 10-15 pips shy off a very strong, technical area.
It reached only 1.5441.

Originally posted by MarcinO

I wouldn't complain at all if the Pound hit 1.5460 today.
Although 100 pips it has made so far is not that bad.


RA
rat89
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Posts: 7,015
they're playing with you ;)

Originally posted by MarcinO

I don't know why, but that's the third time this week when the Pound reverses about 10-15 pips shy off a very strong, technical area.
It reached only 1.5441.

Originally posted by MarcinO

I wouldn't complain at all if the Pound hit 1.5460 today.
Although 100 pips it has made so far is not that bad.



JI
jimkane
Rep: 3,058
Posts: 33,089
I'm still here, I'm just not up for posting. Nice charts, crew of two.
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MarcinO
Rep: 67
Posts: 5,506
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6b 2015 06 05 png
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MarcinO
Rep: 67
Posts: 5,506
Do you think I should stop posting my areas?

Originally posted by rat89

they're playing with you ;)

Originally posted by MarcinO

I don't know why, but that's the third time this week when the Pound reverses about 10-15 pips shy off a very strong, technical area.
It reached only 1.5441.

Originally posted by MarcinO

I wouldn't complain at all if the Pound hit 1.5460 today.
Although 100 pips it has made so far is not that bad.




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MarcinO
Rep: 67
Posts: 5,506
I hope you're fine, Jim.
Originally posted by jimkane

I'm still here, I'm just not up for posting. Nice charts, crew of two.
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, the ES was pretty weak most of the day, just rolling in the chop range. The TF was a nice, smooth trend. For years all I followed (closely) was the Russell. I preferred it substantially over the ES. Then it moved, and it was all over for it. I may revisit it.

Originally posted by rat89

you have to love how iwm was so peppy today and spy just lay there like a dead fish on a shag rug