Starting it off. I hope that with interest rate decision in USA and UK this week we will see some nice move. The last five weeks were just terrible.

It sounds like your patience is paying off! Good for you. : )

Al

Originally posted by MarcinO

They did it again! Third day in a row, at 2 AM EST sharp nice, smooth move started, providing very good trading opportunity.

Originally posted by MarcinO

Just an interesting observation. Usually the moves in Cable start between 2 and 3 AM EST, where 2 is an hour before London opens. This is quite similar to American session starting at 9:30 EST, during which real moves can start as early as at 8:30. Earlier moves are rather rare.
This week and next one are different due to daily savelight time change, which has already taken place in USA, but in Europe we will adjust it in two weeks.
As a result 2 AM EST is 2 hours before London open, so one should expect the moves to start at 3 AM EST. However, today and yesterday all the moves started at 2 AM, which means that algos controlling early European session are synchronized to American time. Quite surprising and means I have to wake up earlier for the next two weeks.

Nice price reversal in AXAS near the OPEN in the 0.618- to-0.786 fibo retracement zone. Nice followthru.




Al : )

Yes. I hope we are back to normal volatility levels for some time.

Originally posted by albert

It sounds like your patience is paying off! Good for you. : )

Al

Originally posted by MarcinO

They did it again! Third day in a row, at 2 AM EST sharp nice, smooth move started, providing very good trading opportunity.

Originally posted by MarcinO

Just an interesting observation. Usually the moves in Cable start between 2 and 3 AM EST, where 2 is an hour before London opens. This is quite similar to American session starting at 9:30 EST, during which real moves can start as early as at 8:30. Earlier moves are rather rare.
This week and next one are different due to daily savelight time change, which has already taken place in USA, but in Europe we will adjust it in two weeks.
As a result 2 AM EST is 2 hours before London open, so one should expect the moves to start at 3 AM EST. However, today and yesterday all the moves started at 2 AM, which means that algos controlling early European session are synchronized to American time. Quite surprising and means I have to wake up earlier for the next two weeks.

Made a bit trading off 1-m ARTX and CNAT. CNAT had interesting fibos, including a measured move AB=CD ending at Point D, an 0.886 fibo retrace.








Al : )

Cable may stop for a while at 1.2430-50, after interest rate decision driven raids today and yesterday.

So Cable stopped at 28, two ticks below my area and is ready to drop, I think.
I am not sure if that ABCD is enough, and look at 1.2415 as a primary resistance level.

ABCD failed, as expected, let's see if 1.2415 will stop Cable.

gdx 60 – by standard median line ta, the move down off A didn’t hit the median line (red), which makes it a failed setup, and suggests it’s at least going back to the upper red line, which has the potential coincide with minor 1.

If B is in at the low around where 18.58 – 25.71 =.618 at 21.30, then C is in progress now, which will likely unfold in 5 waves. Wave 1 appears to be subdividing into 5 waves, with (1) at 22.19, (2) at 21.26, (3) at 23.45, and (4) in play now or over at 22.69. Once (4) ends, (5) should take it to around 24.

In the bigger timeframe, with B in, then C=A at 28.27, and C=.78*A at 26.70.

31.70 – 18.58 = .786 at 28.89, and .618 at 26.69

They are going sideways, waiting till London session ends, I guess, before starting a serious selling.

Originally posted by MarcinO

ABCD failed, as expected, let's see if 1.2415 will stop Cable.

STLD looked like it might go higher this morning. I made a bit on STLD by going long. As usual, I got in too late and exited too soon. I am working on that.




Al : )

Awesome work, rat and Marcin!

Al