Kickin' it off.

They are persistent, aren't they?

I'm not seeing it, at all, but if this was going to come back in, it's a perfect retest setup right here.

The way it looks on M1 makes me feel it will reverse earlier. Now?

Originally posted by MarcinO

Pound is moving in a nice, technical way.
1.4010 may be it for today.

It has already started to drop a bit. 1.3930 would be nice.

C'mon, baby, get legs and hit into the 80's. You can do it!

Can't help but fight the trend and want to take another shot at this here, very, very short-term, of course.

Here's the scenario, all day. Catch super-easy, big moves up. When it hits the key spots, try counter-trend. Have it make a little progress, usually to an ABCD area, then hold your breath and wait to see if it breaks, knowing full well it won't, and the next bullish leg has started. Bail, and get positioned for the next big pop. Repeat, over and over. And so is it right now as I write this.

The point of that post is, my usual viewpoint is play those big pops, lean on it until it breaks, and be happy with that. Why bother with the countertrend unless it's at a big, key area that I've been waiting for. But, today I just can't shake the idea that this will fall of its own weight when this absolutely stoo-pid on no news or anything rip of 55 points by my data is out of manipulation money. When that happens I'd like to be on it like I had today's chart yesterday. Worst case scenario, I would hope, is some countertrend scratches, and maybe slightly worse fills back to the long side than I might get if I was flat and waiting for the entry. That's my viewpoint, anyway.

And yes, betting against 55 point rips in today's world is a losing game 99.99% of the time, in my experience (not an actual stat, a 'make a point' stat). Still, there are times when I like to try it.

I'm not even going to get excited here. Any second it will be over. Sure, it's a good start, but I'm sure it's done any second now...

Exactly like I said. And look at that explosion. Now at new highs at 77.50.

Originally posted by jimkane

I'm not even going to get excited here. Any second it will be over. Sure, it's a good start, but I'm sure it's done any second now...

Well, that was a great trading week in my opinion. It was a lot different posting during the RTH, that's for sure. I remember now, for the umpteenth time, why I don't do it, especially in the first two hours. I still can't stop myself from over-posting like I was running a live chat service. But, for now, I plan to try and do some more of it next week. Hopefully, I'll be able to temper it a little, but probably not.