MyPivots
Sign In
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Starting it off.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    (Edited )
    I wonder if Pound wants to hit 1.3090 area before dropping lower, to 1.2960.

    Click image for original size
    6b 2016 08 08 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    It made one more move down before the correction started, so my area is now adjusted to 80's.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    20 pips range for almost three hours...
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Cable overshot my resistance a bit and made it to 1.3087, but that is still fine. I'm looking to short here.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    ES stopped in low 80's as expected.
    My correction levels are around 77.50 and 73.

    Click image for original size
    es 2016 08 08 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    I don't think it's time for such a large correction, but I will post it just in case.
    64 is a really nice area.

    Click image for original size
    es 2016 08 08 2 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    (Edited )
    Pound has just done, most likely, the first wave down. Time for correction to 68?

    Click image for original size
    6b 2016 08 08 2 png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    But it looks weak, so will rather roll over.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Anyway, it made it to 68 before falling again. Very technical moves.
    Originally posted by MarcinO

    But it looks weak, so will rather roll over.
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
    0
    Given how slow is the ES today I think it may roll over to 70.50 overnight and renew uptrend from there.

    Click image for original size
    es 2016 08 08 3 png
    RA
    rat89
    Rep: 0
    Posts: 7,015
    0
    a sea of .618s

    Click image for original size
    screen shot 2016 08 12 at 10 19 18 am png

    Click image for original size
    screen shot 2016 08 12 at 10 30 04 am png