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

possible (iv) in making patients required (a lot)...

Weekly COT report Analysis + Trade Ideas

zone to hold...

Weekly COT report Analysis + Trade Ideas

Headland, that's what theory says...reality we always find on the chart.

Cable Update (GBPUSD)

Let's add timing to our trades and see how it comes out...

Cable Update (GBPUSD)

we always did...I have PP on my futures charts and monitor your moves...

Cable Update (GBPUSD)

...and me only...

Cable Update (GBPUSD)

navk, I enjoy your analysis, I will repeat myself...you have a very sound approach to day trading...I use fib. GU bearly retraced 23.6% of yesterday's move, then I added 100% daily ATR(14) to bottom of this ret. and my target for today is 1.24865 ...

Cable Update (GBPUSD)

Moty, the only $hit killing your trades are extensions please pay attention to them...yeah, regular W_5 supposed to finish at 1.2413 but didn't.

Cable Update (GBPUSD)

trumps, if you are not position trader (long run) is useless for you...better depend on your setup TF...that's what I think.

Cable Update (GBPUSD)