shahab8b, yeah, I was contemplating to open short (GU) after 5th diagonal completes, but it's a possibility (strong) that Tokyo session might be boring before FOMC meeting...

Weekly COT report Analysis + Trade Ideas

I more push for today...

Weekly COT report Analysis + Trade Ideas

I am a little bit surprised that UCHF daily doesn't match DXY so far...any bounce should give 30 pips...I wait...on positive note, GU cooperates today without any adjustment

Weekly COT report Analysis + Trade Ideas

As of right now, I see 2 scenarios; either flat or irregular...or something I didn't think of yet or recognize...

Weekly COT report Analysis + Trade Ideas

Don't listen to the devil...

Weekly COT report Analysis + Trade Ideas

GU close to Target #2...I still didn't figure out why @Bones has such high confidence in his TL (yes, I understand their significance) but he matches my method perfectly...unreal...

Weekly COT report Analysis + Trade Ideas

it seems DXY makes capitulation bar but still has some room for reaching max for C...you know Euro is 58% weighted in DXY so is more sensitive to move by the dollar index than other pairs...and don't forget Tuesday is tomorrow, just my thoughts...I ...

Weekly COT report Analysis + Trade Ideas

Awesome...... and now......3 shades of green in PRZ...you know I mess with you?...but I can because you know what you are doing...

Weekly COT report Analysis + Trade Ideas

If W_5 is in place expect deeper correction... Edit: I fixed NY Opening price image As always when trading EU keep an eye on DXY... image

Weekly COT report Analysis + Trade Ideas

I went with standard ratios for the zone of (v)th wave. GU just needs to show us a reversal pattern LH-LL on 15M TF. Good weekend shahab8b.

Weekly COT report Analysis + Trade Ideas

shahab8b, the same with GU...where is the end of (v)th???

Weekly COT report Analysis + Trade Ideas

3 Drives or 5th diagonal makes the most sense...

Weekly COT report Analysis + Trade Ideas

the question is if this happens without retracement first? Daily chart the most important right now... Maybe go with the channel like Elliott to pinpoint the end of W_5... image

Weekly COT report Analysis + Trade Ideas

Thanks Boulder, on intraday TF 5th seems not to be done yet although I am out after 1.618 ext was hit.

Weekly COT report Analysis + Trade Ideas

EU continues strong to PRZ but no hurry with reversal because DXY is still very weak ...no serious reaction to 1.618 Ext. so far.

Weekly COT report Analysis + Trade Ideas

thanks Guz, and welcome back ...currently I moved my office to shahab8b thread...

Cable Update (GBPUSD)

If you had a brain for charts patterns most likely you would use them too...Einstain...

Cable Update (GBPUSD)

Decision time coming up for short term traders... image and the DXY image

Weekly COT report Analysis + Trade Ideas

I thought of it, shallow 4th made yesterday, nice eyes shahab8b, very possible

Weekly COT report Analysis + Trade Ideas

second approach to capture W_4 (of course if my labeling is correct). I always keep in mind that I can be wrong and other pattern is in play...4th is a biatch and requires lot of patience with possible 2 entries... image With EU lets monitor DXY ...

Weekly COT report Analysis + Trade Ideas