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    MarcinO
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    (Edited )
    My analysis says the Euro is ahead of a ginificant correction, based on the pattern on M120 TF.
    1.1030 area , with some tolerance, may send it down.

    Click image for original size
    6e 2016 01 17 2 png


    And 1.0910 is a good place to start the last push to 1.1030. If that doesn't work, I will be looking at 1.0850, but such a drop would most likely invalidate significance of 1.1030.
    Click image for original size
    6e 2016 01 17 png
    RA
    rat89
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    eye on 1799 - 1805 for 1.27 of the two prior lows
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    screen shot 2016 01 20 at 12 20 41 pm png
    MA
    MarcinO
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    This deep correction in Canadian Dollar might be done around .0690.
    MA
    MarcinO
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    Originally posted by MarcinO

    This deep correction in Canadian Dollar might be done around .6890.
    JI
    jimkane
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    The final tally was 103.25 by my data, right to an area, where it bounced 65. Today alone was almost 50 down and 65 up, in smooth trends. Even the 'small' pullbacks on a 1-min chart are 15 points! Just awhile ago I was thrilled when the day had a 15 point range! I still can't wrap my head around it, just as I couldn't in '07-'09. The trading action is fantastic about 20 hours a day now, and some days it's 24 hours. My plan is to sleep from Friday close until just before the Sunday open.



    Originally posted by MarcinO

    I've just realized that the ES has dropped 77 points in one day, right off Jim's area.
    The second interesting issue is that negative correlation between the Euro and the ES is getting weaker.
    JI
    jimkane
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    26.19 today on the expiring crude contract. Almost a 25 handle on crude! That is wild.
    JI
    jimkane
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    The bounce was 100% expected today. All it wanted for the moment was to take out the August low. Same game it does pretty much every day on the 1-min/5-min chart, just scaled up.
    JI
    jimkane
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    (Edited )
    Oops, forgot to mention that when the S&P played the take out the Aug '15 low game, it also shot for and took out the Oct '14 low, too, which was just below there.
    JI
    jimkane
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    Same game over and over. Run it up in the RTH, give it all back and more after that into the overnight. I have a little something around 30ish, otherwise look out below, another easy 70-100 points. Okay, yes, there is something tiny here at 43, but it's so small I can't see it doing much. You never know, but I doubt it. See you with a 1700 handle next...
    JI
    jimkane
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    I just can't get over the size of these moves. That was about 40 points down in a smooth trend. I always say smooth trend because that makes it super-easy to ride the entire move (in my opinion). Now we are already about 20 up off that. I'm not making any claims at all, but I can see a trader catching 100+ points a day with this kind of action. I used to call a 15 point range day a great day. I remember some 4 point range days... Now all I need to do is find a way to live on sleeping only from Friday close to Sunday open...
    MA
    MarcinO
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    I wonder if for the third Thursday in a row the Euro will move 100+ pips starting from European open.
    1.09 area has a lot of potential to produce a reaction.
    MA
    MarcinO
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    (Edited )
    We have one word explaining all of these adjectives you used, and it is 'zajebiste'.
    Which means f*($#%&* awesome.


    Originally posted by rat89

    do they have these words where marcin is?

    Originally posted by jimkane

    OMG, that would be awesome if I did that. Oops... I meant that would be totally tubular and gnarly.


    Originally posted by rat89

    as long as you don't start saying 'awesome' or 'omg'


    Originally posted by jimkane

    Did you see how that last minute futures pop went right to the 1-min TL, then backed off? Crazy (my new favorite expression, usurping 'amazing' for now).