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    MarcinO
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    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.

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    jimkane
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    Low to mid-50s is the next serious level.
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    jimkane
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    Yep, super-basic, right there stuff. Same as it ever was...


    Originally posted by MarcinO

    I do not trade yen, but did that work this morning. Basic stuff.
    Originally posted by jimkane

    And the drop started just about dead off my area... Do the obvious work, it's right there.


    Originally posted by MarcinO

    Easy money...


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    jimkane
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    Notice on the higher timeframe the obvious TL there was around 78.75, and that lined up with some other key frequency lines. Maybe it just wanted to violate that, and this is it, for now. It should need some bounces to get to the 50's area, if it is headed there. If not, it would be just a panic move.
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    jimkane
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    Note to that the lower level of 77.75, earlier, did not violate that TL.
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    MarcinO
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    (Edited )
    Es has just made line to line move, ending at 75.
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    jimkane
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    Notice that this spot is the bigger .382 to the tick.
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    jimkane
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    I do believe I've seen that before...



    Originally posted by MarcinO

    Es has just made line to line move, ending at 75.
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    jimkane
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    It's just stoo-pid how it rolled off so many lines and frequencies at 89. It was just a crazy confluence.
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    jimkane
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    I'm ready for a big flush here. I refined my area a bit, and mid to upper-50's is closer if it does it fast. But, it's probably not in the cards right away. Of course, I didn't see the area yesterday getting hit so fast...
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    MarcinO
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    Yes!

    Originally posted by jimkane

    I do believe I've seen that before...



    Originally posted by MarcinO

    Es has just made line to line move, ending at 75.

    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!