I suspect imminent reversal.

I'll take a pip shower lol.

Today's the day guys.

Not till tomorrow lol

40 minutes guys till some big news so be ready.

Yeah Tim Conway was a riot, don't know how he managed to keep a straight face. Ran across that while looking for something else and couldn't help but watch it. Mrs. Awiggins lmao, brings back some really good memories.

Might be. It worked on 6-1 but might be a bit rusty.

tomorrow.

Best I can tell on the fan it say about 1.0670 but where ever it at on Thursday I'm shorting it. Just scalping here and there until then.

2 more days to go until they realize it I think.

It's gonna get ugly here in a bit I think. Bombs away.

AJ got a good 50 pips to fall here before Thursday. Thursday would be the ideal time for a top, I'm not looking for a trend change before then.

Looks to me from the price action that there's a trader at some firm trying to prop au up here. As rosy as the unemployment picture is its hard to fathom some market wide bid at this point. I could be wrong but I anticipate 1.07 by Thursday so based on that I think we've got some retrace to do first.

But down first. Wouldn't imagine bulls have the balls to take it past that pin candle on the first try.

I think good chance we see 1.0715 after the NFP report. One interesting thing if you count the bars on the left side where you start that trendline, the bars on the right side are about to match sometime around the end of this week. That would be a good setup for a change in trend. I think it was 49 bars if I remember right, I'll be going short there whenever we get to that bar count anyway.

I see Knight trading lost a few million yesterday.

I'm not touching it. It fell back through the bottom of that circle I drew the other day so it's not finished. Either an expanded wave here or a big triangle and that mean a LOT lower after a bullish divergence like that. Always the chance of BOJ intervention but to me the 4 hour chart say a lower low which would pull the daily macd on over into triangleish territory.

I think it be the nail in the coffin. As you know, pin candles like today mean serious business, especially 100 pip hourly candles on the energizer bunny. I'll be not trying to pick any bottoms soon.

It's going. I left so much on the table there it makes me sick.

I think if not already short, best to just walk away until next week at least. Those candles look like that for a reason and it mean no bottom picking to me.

Here come parity pdq. 12 weeks to go.

Well if we break today level then much much higher. Today doji holds then quite a bit lower. Someone with zup running today saw .75 and 1.07 print. The .75 is a gann deal but the 1.07 has printed in the past several times.

The floor falls out tomorrow. Minimum of 3 days.

have you tried googling gann with other domains?

Well it's really more than that Qui. Gann was very secretive and thus his methods are open to a lot of subjective interpretation. I've studied hard on it and I'm not even sure I've got it right despite spending a couple hundred hours on it. I'm still learning it too so for me to put something out there that may or may not be entirely correct would not be fair since I would be filling your head with what my take on it is before you did the research.

Take the SQ9 for example. There are good reasons to start it at 1 but I've also read some good theory on why it should start at 0. In the end it comes down to what everyone considers the start should be but there's not really a poll out there that says definitively it should start at either one. Looking at it on charts, I can see there are applications for both methods.

If you draw a fib from 4-29-11 to the low on 10-3-11 this is the .707. And while it has been higher from that start, if this candle holds it will revisit .93s first and then make new highs. I think.

I made it but unless you've studied Gann it wouldn't be much use to you.

lol not sure about the time, but it could be quicker. It all depends on today and this .707 level.

stargate save your plane fare. you gonna get sub parity on AU over the next few months. Probably from this candle today.

Destiny awaits about 1.01 I think or lower. I hate seeing a good pair of double Ds end up like that.

That all right. It gonna go down.

Alpari doesn't show it. Joined you there at just above 1.05

If it would hit that 78.6 area I'd be ticked pink.

Not really at this point. In terms of ew it certainly looks like a 1-2 punch should be in order from that daily low Where that happens I do not know exactly. Longer term on the fence since this could turn out expanded wave.

Do u have a stop loss in mind?

He's off this week I think.

That's a cool chart whatever. .707 is a pretty fascinating ratio and has applications in geometry, physics, electrical applications, sine wave theory, etc. It's the inverse of 1.414 where 1.414 is the square root of 2 and 1.414 represents the diagonal of a 1x1 triangle. The square of .707 is .5.

As far as the inverse thing goes, if you take a square and divide by .707 it will give you the diagonal of the square. If you took .707 times 180 degrees of a circle you would get 127.2.

Has some fascinating application in electricity and calculating RMS, you can google it for some more information.

Lol I'd go ahead and reserve a seat cause I don't think it going there. Will say I've learned a lot about gann since then tho

I got out with minus 15 pips. Can't heed my own advice lol. Enough for today.

Shorted ej at 96.66. 96.70 should be a square. Hard to tell on my phone tho.