My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.
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But before that it the most likely scenario in my opinion is a correction to 1.1280-90.
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MarcinO
Rep: 67
Posts: 5,506
On Friday evening the Euro stopped at 1.1368 December contract basis, right at AOC.
My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.
But before that it the most likely scenario in my opinion is a correction to 1.1280-90.
My next levels are 1.1450 and 1.1540-50, with minor level at 1.1410-20.
But before that it the most likely scenario in my opinion is a correction to 1.1280-90.
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MarcinO
Rep: 67
Posts: 5,506
One trader I know, would say 'same old, same old'.
Originally posted by jimkane
See?
Originally posted by jimkane
I want to do a 'Die, pig, die! so bad, but this is a TL fakeout here, right before the open. Hence, it's set to get gunned up, so I'll save it. SOB's.
JI
jimkane
Rep: 3,058
Posts: 33,089
The real question is what do they do at this overhead TL right here? Now that will be interesting...
JI
jimkane
Rep: 3,058
Posts: 33,089
That trader sounds very wise...
Originally posted by MarcinO
One trader I know, would say 'same old, same old'.
Originally posted by jimkane
See?
Originally posted by jimkane
I want to do a 'Die, pig, die! so bad, but this is a TL fakeout here, right before the open. Hence, it's set to get gunned up, so I'll save it. SOB's.
MA
MarcinO
Rep: 67
Posts: 5,506
Yes, he seems to be like that.
Originally posted by jimkane
That trader sounds very wise...
Originally posted by MarcinO
One trader I know, would say 'same old, same old'.
Originally posted by jimkane
See?
Originally posted by jimkane
I want to do a 'Die, pig, die! so bad, but this is a TL fakeout here, right before the open. Hence, it's set to get gunned up, so I'll save it. SOB's.
MA
MarcinO
Rep: 67
Posts: 5,506
They've made it to high 30's instead.
And that TL fakeout seems enough to send it down again, hitting double bottom hopefully.
And that TL fakeout seems enough to send it down again, hitting double bottom hopefully.
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MarcinO
Rep: 67
Posts: 5,506
Right. Same with the Euro, they don't want to make too big moves in either direction now, so they started fake out games.
Originally posted by jimkane
I think this thing is just a giant energy coil, waiting on the Fed decision to decide which way to break. I think it is possible if they don't raise rates, and don't make it sound like it is imminent, then the DOW jumps up like 700 points immediately (right after the announcement and perhaps the day after, maybe a little longer, but I'm thinking not). This would be, coincidentally, the breakdown level. If they raise I think it will crater and the ES will take out that 1831 low with ease. Just my two cents...
JI
jimkane
Rep: 3,058
Posts: 33,089
Woke up, and checked the market on the way to the bathroom, as usual. And I see that they faked that TL exactly like they did the previous one. Sometimes they are so predictable it's just crazy. Back to bed. Wish I didn't need to sleep, ever...
Originally posted by jimkane
The real question is what do they do at this overhead TL right here? Now that will be interesting...
MA
MarcinO
Rep: 67
Posts: 5,506
81 hit. It's still in the area but I prefer the lower level exactly at 75, although I'm not going to make a fuss about 6 pips.
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MarcinO
Rep: 67
Posts: 5,506
Accuracy of the Euro is astonishing recently - LOD at 76.
It will need to handle ABCD area to show some strength.
It will need to handle ABCD area to show some strength.
Originally posted by MarcinO
81 hit. It's still in the area but I prefer the lower level exactly at 75, although I'm not going to make a fuss about 6 pips.
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