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.

And there's the blowout stop pop.

rofl

Originally posted by jimkane

It's done.

http://www.mypivots.com/board/topic/4214/1/kt-terminology

Originally posted by jimkane

That's a great question. No, and there should be. I'll get on it.

Originally posted by rat89

is there an entry for "die pig, die"?

Originally posted by jimkane

Recall the GZ. It's on the terminology page.

You could really see them gearing up for it.

I'm glad you like it.

Originally posted by rat89

rofl

Originally posted by jimkane

It's done.

http://www.mypivots.com/board/topic/4214/1/kt-terminology

Originally posted by jimkane

That's a great question. No, and there should be. I'll get on it.

Originally posted by rat89

is there an entry for "die pig, die"?

Originally posted by jimkane

Recall the GZ. It's on the terminology page.

I think it wants at least 87 area, then we can see.

And yes, 84.75 is an area. 87 just has better price flow, so I thought they may shoot for that.

That one took a crazy amount of patience, but paid off.

Originally posted by jimkane

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.

well, this has been a fun week.....I'm heading out.....

Bullish ABCD to send it to 87 area. But, in my experience with a big pop like this, if the buyers are still strong they would have come back in already, and if not, then this may chop for awhile longer. I'm not saying it won't sustain here, only that that is the lower probability case in my experience.

Okay, rat, catch ya Monday.

Originally posted by rat89

well, this has been a fun week.....I'm heading out.....

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!