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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.

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6b 2016 04 03 png
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rat89
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Posts: 7,015
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screen shot 2016 04 06 at 11 17 11 am png
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jimkane
Rep: 3,058
Posts: 33,089
What a setup here. But, I just can't imagine this going down. It's too bad, as this is as nice a setup as I could ever ask for.
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jimkane
Rep: 3,058
Posts: 33,089
Yep, my charts show the ideal area is after the sweep, up just a little bit more, just like your chart shows.


Originally posted by rat89

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screen shot 2016 04 06 at 11 17 11 am png

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jimkane
Rep: 3,058
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51.00. Sweep accomplished. Backtest area fully hit. ABCD fully formed. Too bad, it's soooooo pretty...
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jimkane
Rep: 3,058
Posts: 33,089
BTW, as fully expected, crude blew its area out, just as I expect the ES to blow this area out.
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jimkane
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It's like see the most beautiful da Vinci thrown into a fireplace...
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MarcinO
Rep: 67
Posts: 5,506
Cable below the second area (50-60).
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jimkane
Rep: 3,058
Posts: 33,089
Anyway, I'm going to go on record, with what seems like an almost certain (negative) outcome, and say I can't imagine not taking this short, if for no other reason than spite.
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jimkane
Rep: 3,058
Posts: 33,089
That burst up there in cable was just wild.
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jimkane
Rep: 3,058
Posts: 33,089
I will need a trigger on the short, though, which I doubt I will get.
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rat89
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Posts: 7,015
had a day full of appointments.....did you say something jim? ;)