only if zone for potential B collapses...otherwise DX still has a chance to recover...Sorry, shahab, I really love to do this to you...but what for are trading buddies?

Weekly COT report Analysis + Trade Ideas

Extremes of (a) and (b) very important in reading PA...

Weekly COT report Analysis + Trade Ideas

That's quite possible especially if DX cooperates...AB=CD pattern should have low below the beginning of A leg...1.13149 potential top of W_(iv)...you know how it goes...3-3-5 or 5-3-5 for corrections (oh, that's right and your favored triangle ...

Weekly COT report Analysis + Trade Ideas

possible zig-zag correction to abcde (BC leg) be vigilant...just playing devil's advocate...

Weekly COT report Analysis + Trade Ideas

It's W_5 diagonal, God knows when it ends ...maybe we catch daily range ext. @1.26455? check DX chart, it doesn't look as of right now it will stop soon... 3 pm important hour ...just the thought to cover more bases.

Weekly COT report Analysis + Trade Ideas

shahab8b, check W_5=W_1 on my chart 1.2626 important level for the end of W_5...no FOMO yet?...

Weekly COT report Analysis + Trade Ideas

thanks, but it took me 2 entries. Yesterday during the Tokyo session I bailed out and today morning I entered the trade later than I would like...that's the discretionary trading ...make a decision and live with it. Ok, I registered your levels ...

Weekly COT report Analysis + Trade Ideas

a correction was deeper than I expected but still within the pattern (price didn't close inside (I) on a daily bases)...but ...it is what it is.

Weekly COT report Analysis + Trade Ideas

donfriday, yeah, different risk tolerance (endurance for pain...), MM, lot size, triggers, stop loss, target or trail...and on and on...

Cable Update (GBPUSD)

Moty, please choose the setup TF, and stick to it just for one week and you will see the big difference in your P&L. Of course, you will have different scenarios on other TF's but this shouldn't have any influence on your decisions... Green zone has ...

Cable Update (GBPUSD)

We still deal with unfolding (i)-(v) pattern for today ...until the chart tells us clearly that pattern is completed. 1.25953 (1.618 green dash line) is the end of (iii) or (V) depends on how you label (ii)-(iii) move on smaller TF

Weekly COT report Analysis + Trade Ideas

Sorry, sometimes I write quicker than I think (damn charts mess with my head...)...Still, 2 valid patterns in play until high at (i) is taken out (possibly) ...

Weekly COT report Analysis + Trade Ideas

IMO it's a correction (overlapping sections-abcde), so I wait for AB=CD (my favored pattern) to short and I will play weekly range extension. image In the EU case, I want DX to be on my side (euro is weighted in DX at 58%) image

Weekly COT report Analysis + Trade Ideas

Thanks for the Euro trade yesterday...I caught the second leg down.

Weekly COT report Analysis + Trade Ideas

shahab8b, sometimes even I am lucky...I took this trade as a retracement for 30 pips but wanted to see what happen during NY open and held it to the end of W (iii)...didn't take at (iv) because again of a shallow pullback - only 23.6%-but happy what ...

Weekly COT report Analysis + Trade Ideas

didn't work that way. very shallow pullback (not even 38.2%)

Weekly COT report Analysis + Trade Ideas

Strange day indeed...

Cable Update (GBPUSD)

the same as on smaller TF-30M eg- but they're more powerful because heavy hitters who use higher TF (daily, 4H) join the party.

Weekly COT report Analysis + Trade Ideas

I use zones from daily TF for day trading... they are very powerful...usually, 30-40 pips are given...entry on 5M with TLB or retracement (2BR)...have you thought about trading Euro and Cable crosses?...maybe we should give a try?

Weekly COT report Analysis + Trade Ideas

anytime shahab8b, we stalk EU from June, 05 url and so far it cooperates with our original setup...the same DX ... url

Weekly COT report Analysis + Trade Ideas