Starting it off.

Al

1.4180-1.42 is where Cable (6B H18) is likely to stop and start a correction or maybe another leg down (from H4/D1 perspective).

Up to this point and cofirmation of reversal the bias is long, of course.

Almost six hours since European open and the Pound remains in 40 pips range...

Okay. Finally it is going up.
Taking into account timing of the move I'd rather split previously posted area into two levels around 1.4180 and 1.4215.

oops...I thought I started the topic for the week, but the end date reverted to last Friday. So we have a topic that goes from 8/9 to 8/7 ;)

Loos done at 1.4205

Originally posted by MarcinO

Okay. Finally it is going up.
Taking into account timing of the move I'd rather split previously posted area into two levels around 1.4180 and 1.4215.

Still nice topic

Originally posted by rat89

oops...I thought I started the topic for the week, but the end date reverted to last Friday. So we have a topic that goes from 8/9 to 8/7 ;)

If this move down continues support areas for the Pound are: 1.4135-40, 1.41 and 1.4060-70.

what's odd this morning is, the dollar is down, gld is sideways, and the miners took a nose dive....

Paper trading. Made a bit on AEO in the upmove at the OPEN. Made a bit on AEM. Lost some on GM by trading against the 0.886 fibo retrace, and roofer's "Beauty and Simplicity," DOH! Made some on HES, including a call option. On HES, I liked the 0.618 fibo at the STO Trough after the Gold Cross.


Al :--)