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
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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.
MA
MarcinO
Rep: 67
Posts: 5,506
1.1285 is likely to send it up.
I would narrow down the ABCD area to 1.1312-14. I still assume that level should be broken, but the Euro may encounter some troubles there.
I would narrow down the ABCD area to 1.1312-14. I still assume that level should be broken, but the Euro may encounter some troubles there.
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MarcinO
Rep: 67
Posts: 5,506
ABCD done at 16, I'm sorry for mistake.
Originally posted by MarcinO
1.1285 is likely to send it up.
I would narrow down the ABCD area to 1.1312-14. I still assume that level should be broken, but the Euro may encounter some troubles there.
JI
jimkane
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Posts: 33,089
All I can say about today is on a scale of 1 to 10, it wasn't a 12, it was like a 15. I couldn't ask for more if I created the chart of the price movement and had it in advance.
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jimkane
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Posts: 33,089
2060ish is the breakdown backtest area, and around 2135-50 is the new all-time highs/take out the previous highs just enough area. 1.128 is at 2156 basis Dec. If the Fed doesn't raise, and they make it sound like raising is off the table for now, and for the foreseeable future, I think the second area will be no effort for it at all, in short order.
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jimkane
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Posts: 33,089
The ES is right up against the 60-min overhead TL and is ready to pop. Once it takes this out, the highs for the entire bounce up should be ready to be gamed. It's getting all screwy in here, the way it is jittering on the 1-min/tick chart, so something is about to happen, I suspect.
JI
jimkane
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Posts: 33,089
Yeah, this methodology is in need of improvement, that's for sure. We should instead adopt one of the ones you read about from all those posters 'out there' who say everything about trading that's out there should be free, and that no one who can trade would ever teach. Geez, off by two pips, what's this world coming to. Those guys out there, they hit it not to within a pip, but to the pip every time. Just ask them. I'll never forget as long as I live the guy that said 'I'll be damned if I'm going to make Jim rich buying his books". I could go on and on about where I think the money would be, in using the techniques or selling a few books sets and barely covering the expenses for that. And for the cost of the books, all that knowledge, and access to this forum and the ability to ask me any questions day or night for the past over ten years, yeah, that sure is a bad deal... Well, at least he showed me!
Originally posted by MarcinO
ABCD done at 16, I'm sorry for mistake.
Originally posted by MarcinO
1.1285 is likely to send it up.
I would narrow down the ABCD area to 1.1312-14. I still assume that level should be broken, but the Euro may encounter some troubles there.
JI
jimkane
Rep: 3,058
Posts: 33,089
And there it is. Yawn. How many times have we seen this?
Originally posted by jimkane
The ES is right up against the 60-min overhead TL and is ready to pop. Once it takes this out, the highs for the entire bounce up should be ready to be gamed. It's getting all screwy in here, the way it is jittering on the 1-min/tick chart, so something is about to happen, I suspect.
