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MarcinO
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I will just repeat my areas for the Euro, posted las week, without copying same charts: 1.0770-80, 1.0730, 1.0660.
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rat89
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rat89
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rat89
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jimkane
Rep: 3,058
Posts: 33,089
Yeah, like almost every night lately. Last night was insane. I watched it turn on my area (look at the inverted H&S on say a 60-min) shortly after the European open, and it was just too hard to think about it as the usual trailing stops play, I just wanted to watch every tick. I crashed as soon as this closed today, but with AAPL after the bell, I'm just 'sleeping on the office cot' right now. This is close to an 18-20-hour market lately, as far as hours of 'must watch' time for a short-term ES trader. But, being on the west coast makes it easy to do my usual, watch the European open at midnight and see if anything sets up right before or right after. Lately the trading has been as good or better in the off hours as during the RTH.


Originally posted by rat89

Except Jim seems to stay up all night sometimes. I only trade during market hours.

Originally posted by MarcinO

That's why you start earlier than Jim.
Originally posted by rat89

Wow, that's kind of what I thought. I'm in NYC

Originally posted by MarcinO

Poland. EST time + 6 hours. And you, rat?
I know it's USA, but you have a couple of time zones there.



JI
jimkane
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Posts: 33,089
Anyone notice anything interesting about the recent pop up right to the area I mentioned? By my data it was 100.00 points (where it then took that 53 point dump). Exactly 100.00. Yeah, I'm sure that was just another in a long line of 'co-in-key-dinks'.
JI
jimkane
Rep: 3,058
Posts: 33,089
And notice how this monster bounce here is right back to that same level, where it surely 'sees' it once again? It's quite the area. Still, it really needs a bounce to say the 1950's so it can resume the mind-numbing selling again. I'd be okay if it just starting back down from here, but a bigger bounce sets up some hard-core downside potential, in my opinion.
JI
jimkane
Rep: 3,058
Posts: 33,089
BTW, great posts, crew. Lots of good stuff. You guys are taking up the slack while I'm focusing on the market so intensely. Thanks.
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MarcinO
Rep: 67
Posts: 5,506
Hi, Jim.
The Cable is ready to go 1.4450-60 straight from here, I guess. 1.4640 today wouldn't surprise me either.
This is one of these rare situations after a very strong advance with almost no correction overnight. Usually it implies next strong advance after European or American open.
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MarcinO
Rep: 67
Posts: 5,506
But it chose correction instead.
1.4305 is a nice support.
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MarcinO
Rep: 67
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Price flows at 1.4290 are providing some support, but without decisive reaction.
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rat89
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screen shot 2016 01 29 at 6 59 55 pm png