The Euro is pretty likely going to hit 1.1320 tomorrow at London open. This level might be not enough to stop it, and in that case 1.1240-50 should be next.

Amazing number of overlapping swings on the 1-min chart. Something is about to happen.

My preferences, of course, is follow through to the downside.

I'm hoping it isn't going to be a sweep down (of the little range here) then burst up. But that's what I expect. And the sweep down is already done.

And here comes the pop?

And there it is, playing out to a 'T' just as I thought it would. Out of the range precisely on time, sweep down, gun it up and over. Same old, same old, much to my chagrin. I so wanted downside action to start...

Originally posted by jimkane

And here comes the pop?

I'm getting tired of 'thinking positive'. Yes, this is another bearish ABCD here at an area, and it 'sees' it. But, most likely, it will also see this KZ and blast upwards off it. I just see almost no chances it will drop today.

And one thing I've come to know, even use in my trading plan, is the more I want something to happen, the less likely it is to happen. I use my 'desire' for a specific outcome as a contrarian indicator for the most part.

Blasted right off that KZ, just as I suspected, and smoked all the key lines. Resigning myself to the long side was the best thing I could have done. I didn't like doing it, but I knew I had to.

And yes, there is also some stuff at that high at 23.75 there, and the move up is a grind, so it could weaken/chop, and I'm watching for that.

Funny line of the day:

"...today’s generation of house trained bulls wouldn’t recognize a warning if it slapped them upside their horns."


Source: http://www.zerohedge.com/news/2015-10-19/wall-streets-latest-bounce-ostrich-economics-work

I'd love to hear move about that. That thing is trading say 27 now, but at its peak was 489,600. I'd say it's down a little. What is it leveraged to, like 100 to 1, when you convert from VIX futures to SPX?

Originally posted by rat89

I'm experimenting with using the spx/ spy triggers to trade uvxy, based on work that roofer did a while back. The damn thing will knock your socks off if you're wrong. It's an animal.