Starting it off.

Crude's moving up nicely. They kill the dollar, and suddenly the ES and crude are moving up with all the currencies.

Yes. I wonder if this is a final correction level, before that drop to low 1.40s. I cannot imagine they will not get that DB just above 1.4050.

Originally posted by jimkane

Just about there, only another 10 pips. Pretty amazing.

Originally posted by MarcinO

Pound getting ready for a move to 1.4170.

They pushed the ES 1 tick over the HOD and are dropping it like a rock. Sounds about time for... another trap. Today is just one trap after another. That's the thing when the buy machine get turned off, then it's just endless traps and games. I'm increasing my odds that this could sell. Not by all that much, but a lot more than the 'under 10%' from before. Maybe 30%-40%?

Okay, watch the TL to see if this is just another gun the TL move.

It got it below the TL. Watch closely.

Now a bullish flat ABCD?

I want to say it, I truly do, but I won't. I already know all they want to do is do another retest and set the sucker trap. I just can't see net sellers in the market. I hope I have to eat those words to the point that they almost choke me...

In a sense it's kind of cool (and I would think offer quite the profit potential) that this thing seems to do all this predictable stuff when in the 'game mode', but honestly, I really tire of it. I am basically a trend trader, even if that's intraday trends. I like to pick a spot, and then manage the ensuing trend. My fun is in the management process, trying to maximize the situation and milk it for all it's worth. Playing in and out and in and out 'scalp' trades off endless games, even if they are wildly (an opinion, not a claim) predictable is just not fun for me. I feel I can do if, but I could also shovel sh&% if the price is right. I'd not have a lot of fun while doing it... Just my two cents.

Look at the ES just right up on that downsloping TL. I have little doubt they will try to push over it. The question is what do they do then?

I wonder what cable will do with this bearish ABCD with an ABCD in the BC leg?

Pound spot is 70 pips down from yesterday HOD.