1.4255 at European open?
My assumption is that the move down isn't done and Pound is likely to make another leg down.

That might be it right there. I just can't feel the selling.

Okay, it's weakening again. There may still be hope.

Don't get me wrong, the methodology is a short side in management mode. I'm just not sensing the move to the areas I am watching. My gut says it's likely done and they may begin to run it.

And I'm getting ready for that to be the play, if it unfolds.

And if they keep moving it the way they have lately (chop like crazy, rapid swift leg, chop like crazy, rapid swift leg, etc.), and it drops after a ton of chop here, great.

Get ready for a possible blast off.

I just saw this in a ZH comment. I can't find where it is actually from. Note the 'English' spelling of the word 'minimize' (unless he just misspelled it). He called it the '7th law'. Anyways, it sure seems true, and something we often discuss in here.

"Dramatic price movements tend to unfold from price structures than minimise participation..."



Source: http://www.zerohedge.com/news/2016-04-07/mood-swings-qe-world-force-one-trader-give-fundamentals-become-technician#comment-7410291

Anyway, it has ground its way down to that swing-low retest area in the mid to upper 30's...

I guess I have to accept that this grinding action is the new norm in the last three weeks, and this may, indeed, just keep grinding down slowly. That's fine, but other than playing each little leg on additional in and outs (something I am fine with when the action is more like it used to be), the trades lately are just one trade scenarios. You get it, and you just ride until close or whenever. Very boring. But the goal is not excitement or enjoyment, so I guess you just do what you have to do.

Looks like Denninger is calling for 1710, then 1600. I wish...

http://market-ticker.org/akcs-www?post=231303

had a day full of appointments.....did you say something jim? ;)