shahab8b, W(ii)=31.1pips and usually W(ii)=W(iv) in price so don't overstay your welcome...of course I might be wrong with my labeling... image

Weekly COT report Analysis + Trade Ideas

TS one 15M bar high...+36 locked image better luck with GU 50% ret. was reached without any trouble... image

Weekly COT report Analysis + Trade Ideas

shahab8b, setup is good. I shoot for 50% retracement of the last move up. It's either 5 wave up or ABC completed so (a)(b)(c) down should follow, still, we have roadblock on the way down. My SL is 16 pips only but I trade light...Attention spoiler ...

Weekly COT report Analysis + Trade Ideas

shahab8b, just checking on you if you have everything under control......it seems you have a strong grip on it...

Weekly COT report Analysis + Trade Ideas

After an extra 12 hours of the darkness in the great city of NY, I am happy to report that the setup in EJ from the last night worked nicely...I hope I stay connected this time much much longer...

Weekly COT report Analysis + Trade Ideas

It seems EJ is on the move...

Weekly COT report Analysis + Trade Ideas

yes, Bones I agree with you that 1.2750 is too low based on the current 4H chart (my best guesstimation).

Cable Update (GBPUSD)

close above (b) at 1.3179 opens the door for daily range ext. zone image

Weekly COT report Analysis + Trade Ideas

I am back after 30 hours in the darkness...I lost my templates on Investing.com site...Every daily chart I have to do from scratch...

Weekly COT report Analysis + Trade Ideas

It can be shorter than W1 or W5...W3 can't be the shortest...

Cable Update (GBPUSD)

I work with GU(109 ATR(14)) and the EU (89) because I expect at least 30% bounce off these levels which give me 30 pips/ points on the rebound......My SL is beyond 120% of daily ATR(14). In July this level was reached ...

Weekly COT report Analysis + Trade Ideas

An unfolding scenario in GU...

Weekly COT report Analysis + Trade Ideas

navk, I know yours and Moty's trades too- S2(1.30092). This support was in your playbook...I posted earlier in shahab8b thread after I read @gatenio's post... url

Cable Update (GBPUSD)

gatenio, you got it right on the money... image And short TF was supported by daily chart... image

Cable Update (GBPUSD)

GU went to PRZ for today and was ready for scalp...EU is doing much better. image image

Weekly COT report Analysis + Trade Ideas

DXY daily chart ...

Weekly COT report Analysis + Trade Ideas

Bones, I start from ABC count and then if (iv)??? or 4??? holds I change my labeling to 12345 pattern. That's just my way of marking the progress so I am not confused about the degree of the trend ...If you see 5 waves in (A) you expect the market ...

Weekly COT report Analysis + Trade Ideas

Thank you Bones...I only try to convince traders that they don't have to run away from EW and harmonic patterns because some educators couldn't succeed with them...It's doable.

Cable Update (GBPUSD)

Yeah, same here again...but I made the effort and I have to post it...Watch shallow correction (I hate them but they happen in strongly trending markets) image

Weekly COT report Analysis + Trade Ideas

shahab8b, same here...shallow ret to 1.3046 or to the green zone for regular ret of the 4th wave which should take from 3-5 days but no longer than 8 days. image you never know what the market brings, indeed it was impressive run; 23 days/767 ...

Weekly COT report Analysis + Trade Ideas