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.

.382 on spx and qqq.....how about they end minute 1 here, and send it up to .618 - .786 rt into the fed for minute 2?

Originally posted by jimkane

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...

one thing to remember when trading:

Can you tell me what time frame you are looking at showing this?

Oops, I staged this awhile ago, got distracted, and never posted it. Sorry.

For now I like a very short-term long play. Only for that hypothetical highly skilled trader who is very fast and very jumpy, and thinks they can still get positioned if it looks like short time again.

Sorry JaLee, I was distracted and didn't see this. Which particular thing are you referring to, and I'll answer.

Originally posted by JaLee

Can you tell me what time frame you are looking at showing this?

Now wouldn't that be sweet? I'm watching this KZ here first in case it's just really weak.

Originally posted by rat89

.382 on spx and qqq.....how about they end minute 1 here, and send it up to .618 - .786 rt into the fed for minute 2?

Originally posted by jimkane

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...

Whoops. I thought I replied to this post of yours at 10:59. I'm trying to identify this. "It's just stoo-pid how it rolled off so many lines and frequencies at 89. It was just a crazy confluence"

I'm looking at a 60-min and a 15-min. I'm going back at least to the 11th or so as far as work, but a lot is found just back to the 18th. One thing goes back to the 4th.

Originally posted by JaLee

Whoops. I thought I replied to this post of yours at 10:59. I'm trying to identify this. "It's just stoo-pid how it rolled off so many lines and frequencies at 89. It was just a crazy confluence"

It sure doesn't like that KZ so far.

Great, thanks.

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!