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    AL
    albert
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    Starting it off.

    Al
    RA
    rat89
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    screen shot 2018 01 03 at 8 01 35 pm png

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    screen shot 2018 01 03 at 8 01 58 pm png

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    screen shot 2018 01 03 at 8 05 09 pm png

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    screen shot 2018 01 03 at 8 05 52 pm png

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    RA
    rat89
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    AL
    albert
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    rat,

    Awesome work. I am not familiar with the term "ta." Could you please explain the meaning of "ta" to me? The only ta I am familiar with is technical analysis.

    Thank you.
    Al
    "
    Originally posted by rat89

    yes, following the fomc minutes. All the ta at the turns hides out in time to align with "news", so the talking heads have something to explain, and nobody goes hunting for the ta. They don't even believe it when you show it to them.

    So, we knew that nem is in a minor 3 move up, and that wave (1) may have completed at 38.30. Hard to be sure until you see action like today, but we had an early drop and then a recovery, and then this drop. Both drops triggered in the .618 rt area. So we are playing short now until wave (2) appears to be over, and for nem I would target the 36.25 area for a .50 rt of wave (1) up. Typically a wave 2 is deeper, to the .618 - .786 area, and can retrace all of wave 1, however the move up was impulsive, so I would be very careful on the short side. Once (2) is over, we will have (3) of 3 up, and it should be explosive.

    Originally posted by albert

    rat,

    That was a quick drop in price.
    Al

    Originally posted by rat89

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    AL
    albert
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    Made a bit paper trading GBP.USD long this am.


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    Al
    MA
    MarcinO
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    Nice one, Al. Another leg is shaping up, but so far volatility today is very low - below 50 pips.
    AL
    albert
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    Marcin,
    Yes indeed.

    Al
    Originally posted by MarcinO

    Nice one, Al. Another leg is shaping up, but so far volatility today is very low - below 50 pips.
    MA
    MarcinO
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    I thought that Pound (6B H18) would make it easily to 1.3610-20 today but volatility still remains very low. Right now, my best timing factor for this level is tomorrow around 3 AM EST (London open). Than I wouldn't be surprised to see a correction to 1.3550's before the next leg up.

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    RA
    rat89
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    Al, ta is short for technical analysis...
    DU
    Duane
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    Great charts guys, thanks for posting!
    AL
    albert
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    rat,

    Thanks!

    Al
    Originally posted by rat89

    Al, ta is short for technical analysis...
    MA
    MarcinO
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    Nice jump on data. My 'target' (we all know that KT methodology does not include targets, just areas of concern, where one may think of closing a position if price gets there and starts to reverse) levels are 1.3660-70 and 1.3690.
    Originally posted by MarcinO

    It dropped to 55 and gave reaction. Let's see if upward move sustains Nonfarm Payroll data release at 8:30 EST.