when everyone is running for the hills.... what should the minority, do... afterall these levels don't get created when things are hunkie dorie historically..
Update on euro... This last spring took it right up to the main resistance. This is where I get agressive looking for a reversal bar because this is where the best R:R is. MINIMUM target is 500-800 pips from this zone. 1.4460 area is what I am looking for to take first profits. There is still support below the market so most likely a pull back and then a retest of this high over the next day or 2. If weakness comes in on the retest that is where I go all in with a tight stop. Once again... this is a runaway market so am waiting for confirmation that this zone is going to hold. Perfect setup would be a doji or 2 and then a break below the prior days low.
what's the exact high on 11/21? cme site says high of 1448 (daily settlement) my chart says high 30's i remember that high 30's was top anyone know why cme data is off?
chuck, 24hr globex for trade day ending 11-21-2007 starts with AH session commencing at 4:30pmET, the previous day (That would be the AH session starting right after the close of trade on Tuesday afternoon 11-20-2007. the AH starting at 4:30pm ET On bar ending 4:45pm, Tuesday, 11-20-2007 (part of the globex trade day ending 11-21-2007) the high print was 1448.00. this help?
This move looks very similar to the CAD blowoff. Looking to get short on a bounce to 1.4900-1.4950 zone. Or earlier if it doesn't make that far.
notice the circles.. the first circle had more then enough liquidity...the second didn't...so...the MM's have to take price into the bottom of the first circle during RTH...either today or Monday.