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MarcinO
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Posts: 5,506
The ES stopped at 2007 doing a great job hitting stop loss orders.
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es 2016 03 06 png


A stronger resistance is between 32 and 44, I guess.
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es 2016 03 06 2 png


But before that, I would suppose a correction to low 70s.
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es 2016 03 06 3 png
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MarcinO
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Troubles on the way...
If it continues, I will expect Pound to hit 1.4160-80. Most of the lines are in the higher part of range, but lower band seems more likely to me.

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6b 2013 03 08 png
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MarcinO
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I wonder if we are in a similar situation.
If so, that would imply a move lower than to 1.4160-80.
Just a thought.

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6b 2013 03 08 2 png
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MarcinO
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One more idea. Do we have to wait for the Pound to start moving until American open?

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6b 2013 03 08 3 png
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MarcinO
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Cable started moving earlier then expected. It is 20 pips above my area now, so I assume a reversal around American open.
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MarcinO
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ES wants to 2000-2002. Then we will see how it reacts.

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es 2016 03 08 png
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MarcinO
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86-88 is a potential long entry zone.
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MarcinO
Rep: 67
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If that works it would imply 1,272 ABCD with abcd in BC leg to 2000-02.
JI
jimkane
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They're off!
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jimkane
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Buyers now?
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jimkane
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Marcin is a posting machine!
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rat89
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Posts: 7,015
they put it exactly where they had to put it into the close, where (5)=(1) at 2022 spx and 202.77 spy


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screen shot 2016 03 11 at 6 43 34 pm png

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screen shot 2016 03 11 at 6 43 46 pm png