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MarcinO
Rep: 67
Posts: 5,506
Starting it off.
JI
jimkane
Rep: 3,058
Posts: 33,089
Adjusted TL now breached. It either rolls here, or we see 47-50, in my opinion. But, it may just play swing-point games, and keep this crap up. After last week I'm adjusted to the one leg moves, so I don't really care. I just know when it starts to really move again I'll likely be already out on the first leg of that move, until I adjust to the new dynamic.
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MarcinO
Rep: 67
Posts: 5,506
And Cable is hopeless today. Range all they long.
Originally posted by MarcinO

Yes. I hope currencies are starting to break out of it.
Originally posted by jimkane

Just look at this frickin' coil...

JI
jimkane
Rep: 3,058
Posts: 33,089
TL left behind, RTH swing-high taken out. Now I watch to see if that was the game, or if it goes for the high of the move and that SL right above, or goes to the more natural area of 47-50. I don't care either way, this play has only one proper phase right now to my way of thinking: management phase. It does what it does.
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jimkane
Rep: 3,058
Posts: 33,089
That's why I like to follow 3-4 things (usually ES, crude, a currency or two (I like the Aussie, then cable or Eurosludge), and gold), so if it's just crap action I can play elsewhere if need be. If all those suck then I go play golf.


Originally posted by MarcinO

And Cable is hopeless today. Range all they long.
Originally posted by MarcinO

Yes. I hope currencies are starting to break out of it.
Originally posted by jimkane

Just look at this frickin' coil...


RA
rat89
Rep: 0
Posts: 7,015
Click image for original size
screen shot 2016 03 21 at 1 35 59 pm png
JI
jimkane
Rep: 3,058
Posts: 33,089
Backtest pullback with a rush down. It's set up now for the new high for the move, if they want it.
JI
jimkane
Rep: 3,058
Posts: 33,089
I'd like it, but it is pretty obvious...

http://www.zerohedge.com/news/2016-03-21/its-day-26-rally-decision-time
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jimkane
Rep: 3,058
Posts: 33,089
It is very pretty, but everyone knows this...






Source: http://www.zerohedge.com/news/2016-03-19/another-major-index-crossroads
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jimkane
Rep: 3,058
Posts: 33,089
JI
jimkane
Rep: 3,058
Posts: 33,089
ES jammed up against the last remaining line (actually a confluence of at least two) before the SL at new highs for the entire move (~45).
MA
MarcinO
Rep: 67
Posts: 5,506
Pound spot is 70 pips down from yesterday HOD.