The Cable stopped at 1.5023 exactly at intersection of two key lines from weekly/daily timeframe,
That might be it for a couple of days, but I wouldn't exclude further move down to about 1.1460-70, so as to hit obvious SL, before some correction.

I'm looking at 1.5140 and 1.5220-40 levels as interim AOCs for bearish correction.

And even beyond that, most of those target traders that do understand trend trading don't understand that my style could technically be called a hybrid style. I tighten stops up considerably at my area of concern, which frequently can be an analogous area to a target trader's target. There's a lot of assessing of each individual situation, as far as how much off at what points, how much tightening, and where, and so on, but I never trail a set amount until the position is closed (except, perhaps, with an overnight position where I have to choose a set trail if I'm asleep, but even that can be set to change as certain areas are hit). So, areas and reactions to those areas affect my decisions. Hence, I am not a 'pure' single value trailing stop only trend trader. The more my experience says the trend is likely over, the tighter I get. Many times that tends to happen around areas target traders would see as 'targets'.

Originally posted by rat89

good way to put it. Most trend traders don't understand target traders, and vice versa ;)

I definitely look to areas more than I used to as my "targets" because the game changes along the way, and it leaves me a little more flexible.

Originally posted by jimkane

And even beyond that, most of those target traders that do understand trend trading don't understand that my style could technically be called a hybrid style. I tighten stops up considerably at my area of concern, which frequently can be an analogous area to a target trader's target. There's a lot of assessing of each individual situation, as far as how much off at what points, how much tightening, and where, and so on, but I never trail a set amount until the position is closed (except, perhaps, with an overnight position where I have to choose a set trail if I'm asleep, but even that can be set to change as certain areas are hit). So, areas and reactions to those areas affect my decisions. Hence, I am not a 'pure' single value trailing stop only trend trader. The more my experience says the trend is likely over, the tighter I get. Many times that tends to happen around areas target traders would see as 'targets'.

Originally posted by rat89

good way to put it. Most trend traders don't understand target traders, and vice versa ;)

iwm finally got almost to the .886 test into the close. Wow, they are good, if this is the trigger for up...

So, cash closed at a nominal new LOD. Not surprising.

Oh, they are good all right. I think anyone who thinks the markets aren't short-term manipulated, basically every tick, is nuts, in my opinion...

Originally posted by rat89

iwm finally got almost to the .886 test into the close. Wow, they are good, if this is the trigger for up...

Click image for original size

I think Sunday night/Monday might get pretty hairy. Even if not, I expect some exciting trading possibilities this upcoming week.

I'll wrap it up with an article. I don't take this guy too seriously, and most serious students of the economy and market, the ones studying 'reality', don't. But still, he does usually put nice lists of 'factoids' together. Understand, I don't think he understand the difference between 'insolvent' and 'technically bankrupt', but you can get the gist of the situation and O'Bummer's inane/insane proposal. Also, just skip his last few paragraphs of 'solutions'. Personally, I don't think there are any solutions for the average person when the SHTF, but almost surely not ones presented in articles like this. Still, it's worth the read to see where we're at, and how anyone mathematical can't possibly be an optimist in any way, shape or form...

http://www.zerohedge.com/news/2015-11-13/its-official-barack-obama-wants-help-you-manage-your-retirement-savings

I actually logged back in to make one more post. Look at how the ES finished in the little after futures Friday session! Another dump down, closing just off the new LOD, which was set at 2011.50! Sure, 'they' may come in like gangbusters on Sunday, but wow, is this weak. That change in tenor I got, it was no joke. I am so glad I posted that when I sensed it. I think the 1950's might be next.