My assumption is that the move down isn't done and Pound is likely to make another leg down.
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MarcinO
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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.
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rat89
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Posts: 7,015
and we know which way most traders are looking now
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jimkane
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Like I said before, though, this is just a ride to the 80's. My read almost never lets me down (in my opinion). This push here is the last chance for this area, and even that is stretching it.
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jimkane
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About a half hour to the Fed minutes. My fantasy is that they run it sideways until then, the minutes say hikes are a coming, and this thing drops down to the 2000 area almost instantaneously, right off our spot here. Wait, I hear a knock at the door, is that that super-model coming over again to ask me to have sex? Oops, sorry, I got my fantasies mixed up...
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jimkane
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Yeah, rat, I think we might be the only two on the planet who see this as a great area for shorting...
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jimkane
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I can't help but think about the H&S that would form in the ES up at 65-70, though. But, the backtest here is a critical structure that would ideally be respected.