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)

Still not ready to short (scalping ok by my book for 12-20pips) until at least 1.2333 is hit...don't forget we have Tuesday today...

Cable Update (GBPUSD)

shahab8b, yes, you are correct we have a law of the charts and it's called Dow Theory. image Quoting Mitiblotch .........for the market's structure students... the second chart is an excerpt from the course on Andrew's pitchfork posted some time ...

Cable Update (GBPUSD)

ozalid, anything possible, yesterday I even fantasized about bat pattern... but too many green bars in every swing and I dropped the idea.

Cable Update (GBPUSD)

ozalid, I had also thought about 1.2140 (AB=CD) as my target but I settled on 1.2169...Thanks for the "triangle" saved me a lot of aggravation because I entered the short trade during the Tokyo session on the 3rd touch.

Cable Update (GBPUSD)

navk, that's what I was talking about (45,38,56), yesterday NY session 17 patetic...and until Tuesday daily ATR(14) was 140 pips...

Cable Update (GBPUSD)

navk, we New Yorkers are good people...but Tokyo saved my a$$ on this pair for the last 3 days (look for the entry during Tokyo session between 9:30-10:15 p.m. -reversal time)

Cable Update (GBPUSD)

Hi Miti, yes indeed, 3 days of selling and still 61.8%% retracement level (136 pips/ 3 days=about 45 pips per day) not reached out of 222 pips move up ...

Cable Update (GBPUSD)

shahab8b, indeed it looks like correction (overlaping sections) and not impulse move to the downside...someone is buying.

Cable Update (GBPUSD)

Moty and his vise for squeezing the pips.

Cable Update (GBPUSD)