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

Watch out traders...possible truncated 5th wave in DX index...

Weekly COT report Analysis + Trade Ideas

That's exactly what I've been thinking...but I have a different plan/strategy. Shahab, I wasn't as heavy as you because I traded futures ( $6.25 per point (constant value in futures)) but I unloaded everything before lunch when the price got into my ...

Weekly COT report Analysis + Trade Ideas

update...

Weekly COT report Analysis + Trade Ideas

I am still bullish on GU ...until proven wrong...

Weekly COT report Analysis + Trade Ideas

still possible play to the upside...bullish bat pattern

Weekly COT report Analysis + Trade Ideas

ABC next?...

Weekly COT report Analysis + Trade Ideas

EU is close to PRZ (textbook analysis)...market always has its own thoughts...

Weekly COT report Analysis + Trade Ideas

on 30M chart EU only for scalp 12-20 pips...as of right now image EU daily...maybe cup&handle??? image

Weekly COT report Analysis + Trade Ideas

Usually, I would short it in my yellow zone (daily range ext.) with SL 20% (22pips) above 100%dailyATR(14) but it's 78.6% Fib. level to the pip @1.26917, so plus another 10 pips makes SL too expensive (yeah, I am a cheap guy). I need to wait for the ...

Weekly COT report Analysis + Trade Ideas

WH (weekly high) can be tested today...

Weekly COT report Analysis + Trade Ideas

keeping this pattern on my screen for ages, hopefully, it will play out soon... url job Bones as always

Cable Update (GBPUSD)