[quote=shahab8b;12975659]GBPUSD, I have a pending short @ 1.25 for today as a counter trend trade. image [/qu Agree, one push up very reasonable...it's not Tuesday yet...

Weekly COT report Analysis + Trade Ideas

Oh, that famed peg at 1.2...I preached my favored "sermon": expect unexpected, impossible is nothing, black swan, etc...and also didn't catch this trade.

Weekly COT report Analysis + Trade Ideas

shahab8b, pretty much on the same page (no surprise here) ...I don't trade CHF...just wanted to mess up with your thoughts...

Weekly COT report Analysis + Trade Ideas

shahab8b, maybe...we are now in potential reversal time (afternoon session)...bulls reached min. objective for the week and the day.

Weekly COT report Analysis + Trade Ideas

Decision time is coming...waiting for the market to demolish another roadblock (bearish bat pattern) image image excerpt from Scott Carney's book: Harmonic Trader

Weekly COT report Analysis + Trade Ideas

shahab8b, I love to play devil's advocate in case you miss something which is unlikely but...

Weekly COT report Analysis + Trade Ideas

for now, AB=CD or ABC, we might have bat/or crab pattern....did I mess up your head enough?...No, I know you're the guy with the plan.

Weekly COT report Analysis + Trade Ideas

Now we need to watch if ABC pattern becomes 12345...

Weekly COT report Analysis + Trade Ideas

Nice, but watch what is on your way, mange accordingly...I'm done for the morning, let see what afternoon session brings us...

Weekly COT report Analysis + Trade Ideas

I traded MYM (mico dow emini), the second short trade is a mistake, instead, to take profit on a half position I hit the sell bottom, I also didn't take profit at YH (executive decision...), but covered the entire position at ...

Weekly COT report Analysis + Trade Ideas

didn't expect such smooth ride...thanks again

Weekly COT report Analysis + Trade Ideas

close to T#2, I start to trail on 15M chart with 1BH...

Weekly COT report Analysis + Trade Ideas

and here something to give back to the thread...potential abc continuation set up to the upside.

Weekly COT report Analysis + Trade Ideas

shahab8b, thanks for bringing the set up to my attention...Yes, I took advantage of it.

Weekly COT report Analysis + Trade Ideas

thevisitor, just stick with your plan, you know when the market confirms your analysis and you know when you are wrong...Tuesday is an important day of the week if you play weekly range. I try to bring awareness to this fact and mark for the last ...

Cable Update (GBPUSD)

tehnoob, I know because I've been in a hibernate state since then and still use 123 TL break, 2B, and range trading...what can I say? I am a dinosaur.

Cable Update (GBPUSD)

ozalid, I wanted to ask you why you draw TL the way you did, but when I added it to my chart I see its parallel to my channel on 4H chart. Now I am curious about the rules...I am an old school and follow V. Sperandeos' rules for drawing TL's.

Cable Update (GBPUSD)

ozalid, you definitely expect too much from me......but I have my "trading bible" too. Thanks anyway.

Cable Update (GBPUSD)

yes, sir, we are in W:C or W:3 so we need to aim for AB=CD as you posted before thinking about shorting...but that's me and you and 10 other traders here...

Cable Update (GBPUSD)

Close enough to AB=CD level...

Cable Update (GBPUSD)