Kicking it off. I will try to post charts starting from tomorrow.

Still heading on up to the next area. Hard to believe we are 70 points by my data off yesterday's low. Okay, watch the levels I posted before.

First area around 60 coming up right into the European open. Gosh, I love this business.

BTW, right now for me all areas are for management purposes only. I am not looking to short anything right now. When I see something shape up I may look to short, with countertrend the thinking. If I see something bigger shaping up I'll be happy to lean on it. But right now I am not expecting it.

Okay, the first area is hit.

HOD at 24. Time for a larger move down?

Originally posted by MarcinO

Cable apparently doesn't know which way to go. That makes me think, it will go up to 1.4020 to hunt down more stops, but of cource price action will tell.

Okay, at the very, very top of the first area. I'd say it is in the process of blowing out, so unless it drops hard from here right now, I am just waiting on the next area. It just doesn't get any easier than this, in my opinion.

Do the most obvious breakdown line on a 240-min (go back to Nov) and see where that is. It just tagged it. If it dropped 400 points from here everyone would look back and say it was so obvious. Just sayin'...

Jim, you are still up?

Pound made none more push up to 40's, to hit the higher boundary of the zone, marked by weekly priceflow.
The reaction is 100 pips now with some potential to move further down.

Originally posted by MarcinO

HOD at 24. Time for a larger move down?

Originally posted by MarcinO

Cable apparently doesn't know which way to go. That makes me think, it will go up to 1.4020 to hunt down more stops, but of cource price action will tell.

It is still falling sharply.
1.3880-90 masy top it. If not 1.3840 is next.

yeah, they are funny