On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

Nice stuff, rat. It's all so very up in it. It really needs at least a bigger correction in here, then it can blast to new all-time highs. It's overdue. But, will it do it? All the countertrend trader can do is keep taking shots. Or wait until it starts and see if it gives any way in. Long traders can just be extra cautious and only take primo setups and manage 'tightly'. My two cents.

2102, lines hit dead on. Now do they shoot for the next lines? That's the fun thing about management. You just watch and let it trail, and the market decides.

I could see up to almost 7 in here, but it could be done at any time now. If it does keep grinding and doesn't come in, then an upside 'breakout' and blow off move would seem imminent. Just letting it run in here, so to speak.

By decides here I mean the market decides what it will do, what it gives, and hence what decision we will be prompted to make. No need to sweat it, it's all going to unfold as it does.

Originally posted by jimkane

2102, lines hit dead on. Now do they shoot for the next lines? That's the fun thing about management. You just watch and let it trail, and the market decides.

It's looks either ready to do a bigger pullback (relative to the ones it just did in this last little leg), or it's done.

I need to stop posting so much. For today so far there is only me, rat, and JaLee in here... Yeah, I want a small club, too, but that's kinda nuts.

Don't stop. I hit the refresh button like every 15 seconds. : )

There is a way to set it to do that automatically whenever a new post comes in.

Originally posted by JaLee

Don't stop. I hit the refresh button like every 15 seconds. : )

Can't you see 'Click here to activate auto-checking for new replies.'?

Oh yes. Great, I'll use that.

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!