KeenPips, I wholeheartedly agree with you. I have written many times the same message, to succeed in this business we need to do this on our own...I like to be here because from time to time I miss something and charts of traders who use the same ...

Cable Update (GBPUSD)

Marco, if any of us started to follow every advice/suggestion on the FF forum I think we would become guests of the psychiatric ward faster than we would lose our accounts.

Cable Update (GBPUSD)

navk, 1.2245 becomes stronger every swing GU makes but if it goes banana look for 1.2220...

Cable Update (GBPUSD)

Finally...

Cable Update (GBPUSD)

A successful man must have a plan and rules and follow them. -W.D. Gann

Cable Update (GBPUSD)

ozalid, maybe a touch of the neckline is coming next...

Cable Update (GBPUSD)

maybe go for 1.2461(AB=CD) with the present long if SL not hit. It would be a nice chunk of change. Navk, notice ending diagonal formation from 3 to 7 am, it's either end of W_5_3 or W_5_5, drop for today might be near if not in place already.

Cable Update (GBPUSD)

shahab8b, add 1.2398 max for end of C or W_5 so it's strong confluence around 1.24 but daily ATR(14) is 151 pips plus and Tuesday (potential reversal) is tomorrow

Cable Update (GBPUSD)

navk, you need a lot of help from NY boys...but anything is possible.

Cable Update (GBPUSD)

shahab8b, shallow pull back because of strong leg up?

Weekly COT report Analysis + Trade Ideas

yeap, as long as green zone holds setup is valid...

Cable Update (GBPUSD)

The same school...

Cable Update (GBPUSD)

ozalid, Impossible is nothing...but you expect for today a drop of 175 pips from the closing price...maybe too much just maybe...I got it.

Cable Update (GBPUSD)

shahab8b, I share your view...GU can poke above prior high (making irregular B) then reverse and go low (flat correction)...retracement in scenario #1 after potential W_5 was to shallow to qualified it as (a) corrective wave...

Cable Update (GBPUSD)

Ozalid, agree...last year (May-June) I swing traded EA and my results were as follow: trade taken in W_3 18.5 pips/day, trade taken in W_4 less than 11 pips/day... it's not for me this type of trading. Of course, I have nothing against it if someone ...

Cable Update (GBPUSD)

Bones, as long as new high is not made @Ozalid's scenario is in play when the new high is made ( as indicated per @gespiri chart) we will have a different ball game. For me, everyone can have own rules on how to trade a particular pattern.

Cable Update (GBPUSD)

corongumet, I am in front of the computer and can enter the trade any moment the setup shows up...why to give up 50 pips from the lows and hopping the market comes back to my target?... Of course, we all have different trading plans and it doesn't ...

Cable Update (GBPUSD)

I didn't take this long, I was preoccupied with chasing my exit from overnight short (missed my limit target by less than 1 pip - AB=CD+2.5 pips on my 30M chart)

Cable Update (GBPUSD)

of course, not...we are here to help each other.

Cable Update (GBPUSD)