My assumption is that the move down isn't done and Pound is likely to make another leg down.
Click image for original size
MA
MarcinO
Rep: 67
Posts: 5,506
1.4255 at European open?
My assumption is that the move down isn't done and Pound is likely to make another leg down.
My assumption is that the move down isn't done and Pound is likely to make another leg down.
JI
jimkane
Rep: 3,058
Posts: 33,089
The pound was getting pounded, but it came off that area like it had a rocket up its you know what.
MA
MarcinO
Rep: 67
Posts: 5,506
1.41 is the first serious resistance. 1.4160 next.
Originally posted by jimkane
The pound was getting pounded, but it came off that area like it had a rocket up its you know what.
JI
jimkane
Rep: 3,058
Posts: 33,089
In 'the old days' when I participated in a live chat room with Scotty over at Harmonic Trader, I was trading the pound via FX at the time, as well as the minis. Whenever I'd mention that I wasn't posting in the forum (which was basically an ES forum) right then because I was busy with the pound, this one guy I knew would say 'Jim was over pounding it in the pound pit'. It was quite funny. Ah, 'the old days'...
JI
jimkane
Rep: 3,058
Posts: 33,089
And as it is written, so shall it be... I thought it very wise to wrap up any shorts once the area was holding (holding again).
Originally posted by jimkane
It doesn't look like they will let the ES go...
MA
MarcinO
Rep: 67
Posts: 5,506
Originally posted by jimkane
In 'the old days' when I participated in a live chat room with Scotty over at Harmonic Trader, I was trading the pound via FX at the time, as well as the minis. Whenever I'd mention that I wasn't posting in the forum (which was basically an ES forum) right then because I was busy with the pound, this one guy I knew would say 'Jim was over pounding it in the pound pit'. It was quite funny. Ah, 'the old days'...
JI
jimkane
Rep: 3,058
Posts: 33,089
That's not to say it won't go down at some point, only that they will likely thoroughly shred everyone before it does.