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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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jimkane
Rep: 3,058
Posts: 33,089
C'mon, bounce, right here is good.
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jimkane
Rep: 3,058
Posts: 33,089
Just trying to keep the downtrend healthy.
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jimkane
Rep: 3,058
Posts: 33,089
And there it is. Sometimes I'm uncanny with my reads. Not bragging, just saying I have gained an understanding, I think, of how they play this game.
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jimkane
Rep: 3,058
Posts: 33,089
And yes, it was at 40, not 42, but that was just the point where I knew it had to come soon.
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jimkane
Rep: 3,058
Posts: 33,089
It doesn't have to bounce much, just more than the bounces on the way down so far.
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jimkane
Rep: 3,058
Posts: 33,089
And it's already done that.
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jimkane
Rep: 3,058
Posts: 33,089
45.50-46.50 would be great, though.
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jimkane
Rep: 3,058
Posts: 33,089
Bearish ABCD may now be setting up. My concern is that that was as much selling as it will do, and now it can get back to a Friday strong close mode. I hope not.
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jimkane
Rep: 3,058
Posts: 33,089
I'd like this roll here to follow through, but notice the potential inverted H&S right here if it pops... I'd prefer they sell into the close.
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jimkane
Rep: 3,058
Posts: 33,089
Here's a crazy one. I'm doing all these posts, blow by blow stuff, market read comments, and so on, all aimed at the very-short-term ES trader. I just checked who has been in the forum today. So far, rat and I. That's it. Since rat doesn't trade the ES very-short-term, I'm posting to myself! How crazy (and stupid) is that?
RA
rat89
Rep: 0
Posts: 7,015
had a day full of appointments.....did you say something jim? ;)