Let see what happens, I try to take back 30 pips left on the table in the morning...

Weekly COT report Analysis + Trade Ideas

or flat/irregular abc correction and again up...

Weekly COT report Analysis + Trade Ideas

shahab8b, during Tokyo session, check 30M bars from 9:30-10:30 pm NY time usually a time of reversal...don't take my word for it, examine the past days on various pairs.

Weekly COT report Analysis + Trade Ideas

shahab8b, GU might have a monster day ...but I was too quick to close my longs @1.2636...deep correction during Tokyo session messed up my head...I have to have an explanation for the lack of patience image image

Weekly COT report Analysis + Trade Ideas

Anything can happen but.......GU hit 120% daily ATR(14) ...longs caution required...

Weekly COT report Analysis + Trade Ideas

Yes, shahab8b, (you recognize them much earlier-triangles) when we see a retracement of 78.6-88.6% repeating itself after another wave is formed (coiling) possibility of forming a triangle seems increasing. A pattern of complex correction also sways ...

Weekly COT report Analysis + Trade Ideas

so far we have it where we wanted...what is the next possible play after bat pattern? image Just recognize what pattern is forming on "this" TF chart and go with it. Know when the pattern is invalidated so playing defense is important too. Don't ...

Weekly COT report Analysis + Trade Ideas

shahab8b, thanks for the shout in my profile, I saw it yesterday...You are a very kind man, maybe to kind?...

Weekly COT report Analysis + Trade Ideas

Black-Star, very nice scenarios but keep in mind also that triangles can appear in double and triple threes

Cable Update (GBPUSD)

same ol', same ol'... image now interesting chart of EU with ATR and the trade taken after completion of AB=CD pattern...do you remember my rule 80-120% of daily ATR(14) image

Weekly COT report Analysis + Trade Ideas

donfriday, all good, thanks for asking. ...Done for the week, have a nice weekend Donfriaday and all...Next week same place, same hours, it's my new office here in shahab8b thread.

Weekly COT report Analysis + Trade Ideas

yeah, but DXY has to cooperate, I will wait for momentum to change in Dollar Index to the upside...Pattern (any) Price (PRZ) and MOM (TLB or hh-hl) equal trade entry.

Weekly COT report Analysis + Trade Ideas

I will check UCHF on Sunday/Monday. I don't want to hold the trade over the weekend especially when the picture is not clear enough yet...I didn't trade GU today, pity.

Weekly COT report Analysis + Trade Ideas

WXY seems to be working quite good in GU

Weekly COT report Analysis + Trade Ideas

shahab8b, check this out...some Elliot Wave patterns pdf to keep handy...

Weekly COT report Analysis + Trade Ideas

update in AU...Which pattern would you play, ABC or WXY?...or just scalp.

Weekly COT report Analysis + Trade Ideas

Moty, just in case keep the old one for a while...

Cable Update (GBPUSD)

UCHF close to complete bullish bat pattern...

Weekly COT report Analysis + Trade Ideas

shahab8b, maybe try to combine with another method e.g. weekly range trading so you will focus on the smaller picture (like last 5 days)... explore to better tune the strategy you use until you will be very comfortable with ranging and/or trending ...

Weekly COT report Analysis + Trade Ideas

With the characteristics of the iv-v move in the DX index, it was very hard to trade on higher TF for the last 8-10 days, but it happens from time to time. Important is to recognize it early enough ($hity wave)...I use extensively ATR(14)-similar to ...

Weekly COT report Analysis + Trade Ideas