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.

Interesting. They hit it up right off that spot, just as I read it, but only as a sucker trap. So my sense they were about to blast it was right, but not on the right degree. So, they just faked out that low, will they hit it up stronger this time, or are they really going to gun the LOD? I can't see the latter at all right now.

Originally posted by jimkane

Time to blast up now. Let's see if I'm still in the 100% off category.

'xxx is testing my patience for the whole day' should be my saying, or perhaps our KT forum saying. Some days are just easy start to finish, but sometimes it is easy to get caught up in how great it is trading, then one can keep trading as it goes into chop/endless fakes mode on the lower timeframe, and get 100% off on the reads, and then that saying comes in. I understand you likely meant just waiting around for it to get to areas, and sometimes it won't, but it can apply to what I'm describing, too. The last few hours on the ES have been exactly that saying.

Originally posted by MarcinO

Pound is testing my patience for the whole day. Timing factor shows that it can get to my area now or a bit later.
The risk is that the high of the move will take place at 20:30 EST (middle of the night in Europe), as it did yesterday.

It really should start moving up in here...

I'm pretty sure I'll maintain my 100% off reading for the rest of this session.

Originally posted by jimkane

It really should start moving up in here...

I'm mostly posting this to how how there is this mode where all the things I do when 'reading it' are 100% the opposite of what it does, and that is truly amazing in itself.

Yes. This is what I meant. It's not that bad with the Pound today, it's not a choppy move mode, but still far from smooth trend either. At some point you simply come to conclusion that the best solution is to manage the whole, larger TF move, instead of trying to catch lower degree waves.

Originally posted by jimkane

'xxx is testing my patience for the whole day' should be my saying, or perhaps our KT forum saying. Some days are just easy start to finish, but sometimes it is easy to get caught up in how great it is trading, then one can keep trading as it goes into chop/endless fakes mode on the lower timeframe, and get 100% off on the reads, and then that saying comes in. I understand you likely meant just waiting around for it to get to areas, and sometimes it won't, but it can apply to what I'm describing, too. The last few hours on the ES have been exactly that saying.

Originally posted by MarcinO

Pound is testing my patience for the whole day. Timing factor shows that it can get to my area now or a bit later.
The risk is that the high of the move will take place at 20:30 EST (middle of the night in Europe), as it did yesterday.

It doesn't matter whether I'm in the opposite mode or not, my reading skills are screaming pop up in here.

this is what jim calls chop in the low end of the range, no?

Understand, everything I am referencing here is very (very) short-term, like for the next 2-5 minutes, tops. Single legs on a 1-min chart, for example.

It is on this last leg down. I mostly use it on a big down day that has a single big leg down, then it chops around from the LOD to the KZ. So, that is exactly what it is doing on this last leg, and I suppose it can apply to any move or any timeframe.

Originally posted by rat89

this is what jim calls chop in the low end of the range, no?

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.