Moty, If I might be of assistance. That's what I do...Wait for the price to get into the zone, use PA to enter the trade (whatever your trigger is), then set SL and TP...but be discipline and have the patience to sit on the hands- literally not ...

Cable Update (GBPUSD)

yesterday discussion on this thread...

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Yeap, irregular W:B

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asgcorp, do you mean that low?...

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Bat or crab pattern ??? time will tell...

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Looks like, but some work still has to be done... url

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Yeap, until gets inside the channel again...

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I caught this one (@22155) like MXT had, but got out at YL...For day traders is always another chance...Good luck with your trading.

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Possible scenarios...

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My SL is 12-16 pips/points and I don't care about losing trades, I can't stand losing days that's why I try to avoid them at any cost (small SL). I am done for today also, have a great vacation Guz.

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Brian, anything is possible...Elliotticions and Dow theorists keep the mind open...You can always come up with alternate wave count that why it's fun to trade based on EW or harmonic patterns.

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If you believe the high is in place prepare yourself for ABC correction...

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ABC pattern still has the chance to become 1-2-3-4-5. I'm not saying it will happen I only ask you to keep your mind open and trade according to your plan...Good luck to all of you.

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The minimum target for W:5 of W:C has been reached. If DX index will cooperate extended target possible...Sticking to the plan paid big...Have a great weekend everyone.

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GU still has the room to go to the upside imo (1.2309-1.2323 standard W:C)... always trade your plan.

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Ayax, absolutely awesome analysis with many variants ahead of the time... Do you use software or everything is done by hand?... Good luck with your trading although with your analytical skills I doubt you need luck... anyway thanks for sharing.

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mbrown, it wasn't my intention but you are right it looks like I contributed to today's drama. Sorry about that...

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80-120% ATR(14) in one direction it's my expectation for the day before I reverse and scalp.

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Moty, do you expect extraordinary trading day today?

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We have a few gloom and doom traders here but when the market goes against them 100 pips/points they are nowhere to be seen...just trade your plan and share your strategy...No on is right 100% of the time and please understand that we only share our ...

Cable Update (GBPUSD)