ABC correction implies new low, do we get it?

Weekly COT report Analysis + Trade Ideas

you know I hate it (diagonals and triangles)...you never know when it ends...hopefully, timing will play out

Weekly COT report Analysis + Trade Ideas

I go with the pattern-abc- because it's hard to guess how strong volatility will be the next day, sometimes you have a bang-bang play and sometimes the pattern drags forever but if the pair doesn't tank the next day after having engulfing or ...

Weekly COT report Analysis + Trade Ideas

you are within reasonable SL although I am not sure you need SL...Next step after completion of W(c) is setup zone for potential W_4 in case "boiler room" boys don't want to play nice (expected abc as you pointed out on your chart)

Weekly COT report Analysis + Trade Ideas

we need to examine on smaller TF the internal structure of (b)-(c) wave and check if is completed... Edit: mistake removed from the chart...

Weekly COT report Analysis + Trade Ideas

Are you talking about these honest, forthcoming people who removed the peg at 1.20 in the past and screwed up so-called "smart money"?...

Weekly COT report Analysis + Trade Ideas

shahab8b, I agree that intraday should be preferable now...DXY still doesn't have a clear picture for me because I couldn't eliminate ending diagonal yet.

Weekly COT report Analysis + Trade Ideas

no, I traded UJ, somehow I do everything to avoid UCHF and UCAD...

Weekly COT report Analysis + Trade Ideas

update...

Weekly COT report Analysis + Trade Ideas

shahab8b, thanks I saw your post earlier but I was already extended (3 markets: GU, EU, and MYM)...I can't follow more, I guess it goes with the age...

Weekly COT report Analysis + Trade Ideas

shahab8b...should I retire?...

Weekly COT report Analysis + Trade Ideas

Bones, thanks... I see this differently...this time my setup worked without ajustment...you know we had 2 scenarios...

Cable Update (GBPUSD)

DXY...

Cable Update (GBPUSD)

gatenio, it's an extension from (iii) to (iv)- end of (v) and you have there 3 levels 1.272, 1.618 and 2.618

Cable Update (GBPUSD)

shahab8b...missed AU trades...

Weekly COT report Analysis + Trade Ideas

Bones, do you remember Sunday discussion in shahab8b thread? Edit: updated daily chart...

Cable Update (GBPUSD)

shahab8b, (a)(b)(c) on a daily chart implies new low...for long term traders is a hold but I as a day trader I have different objectives for the day...hit and run -to take 30-60 pips/points per trade...I only need money for gasoline to my ...

Weekly COT report Analysis + Trade Ideas

shahab8b, daily, 120M, and 30M are my setup charts...I got lucky that we had an extension in W:3 (one extra trade)...I babysat UJ for 5 days with awesome trades taken during Tokyo session...and I was lucky not being stopped out during London trading ...

Weekly COT report Analysis + Trade Ideas

...and a bonus trade on the 1M chart...

Weekly COT report Analysis + Trade Ideas

shahab8b, with discretionary trading it's always a judgment call, but we make an executive decision and don't look back...very rarely all aspects of TA line up perfectly...I am out on 2B (Victor Sperandeo's method) @105.42

Weekly COT report Analysis + Trade Ideas