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.
JI
jimkane
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96.75, and I am, indeed, jazzed. But, let's see if it has any more.
Originally posted by jimkane
I'd be so jazzed to get that 96.75 area...
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jimkane
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This was asking a lot already from a relentlessly rising market, but if this area gives way, I'm looking at around 94.75 next.
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jimkane
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I think that's most likely it for now. This is the absolute beauty of being a trend trader and using trailing stops. No profit target. Ever. The phrase isn't in my 'Trading Plan'. Understand pure line to line traders use profit targets (as almost all traders do), and would have capped this trade already. For my style, scaling would be already heavily begun, and more as it rises, until done. If it rolls, then some gets that move. That's the methodology.
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jimkane
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Thanks. Because I can't see YouTube, I have to guess from a non-Guggle search which is the correct link, and then put it in here, and all I see is a blank white spot...
Originally posted by MarcinO
The Offspring link works.
MA
MarcinO
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Take a look at the Pound, on M1 chart. Classic price action both in general, a Pound specific sense!
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jimkane
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2103.75 was the trigger on this one. 15:06 PM. Right off the top. Look at a 13-tick chart, it was right there.
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jimkane
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That should be the last retest there. But, who knows, maybe it sells into the after-cash to that next area. I'm calling this one done.
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jimkane
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Yep, I've actually been watching cable on the 1-min in here. You know your Pound.
Originally posted by MarcinO
Take a look at the Pound, on M1 chart. Classic price action both in general, a Pound specific sense!
JA
JaLee
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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!
