There's entirely nothing wrong with people entering at a cheaper price, when they can do it closer to where they place a stop loss. In another words, trading with a tight stop loss for a better risk/reward ratio. If that's what you mean?

Cable Update (GBPUSD)

Yes, I'm keeping eyes on 1.4340 or even 1.4300 areas for support or termination of correction 2. Most likely an advance of 3rd leg of ending diagonal from there. image

Cable Update (GBPUSD)

It's a long term LONG from here for this pair, after completing a 6 months correction [4] terminating at a Fib retracement level & resuming uptrend on [5]. image

GBPNZD trading calls

An alternate view: USDCAD LONG setup of the month - Completed a 2 weeks zigzag correction [4] at Fib retracement level, and resumed uptrend on [5]. Now setting up for the 3rd wave impulse. Buy limit on deep retracement @ 1.3764 with tight SL @ ...

USD/CAD

Watching out for the downside of AUDUSD from here, almost completed an abc retracement (correction) of previous range (an impulse wave). image

AUD/USD

Good point there. Since it's been an impulse wave down from 8th Feburary high, stop loss was placed rather at bottom of wave [ii] for invalidation of this wave count or view, such that positions will be stopped out if present wave [iv] touches [ii]. ...

USD/JPY Discussion

An Ending Diagonal C red is still in progress, likely terminating near 0.8130 before resuming downtrend on (5). image

EURGBP

Set for selling the retracement or right shoulder next week for long term decline. image

EUR/CAD

Just a short run on the last leg down before the rally. You've got anymore of those spot-on tips from your HK friend?

USD/JPY Discussion

Short on a 5th wave target 110.50 image

USD/JPY Discussion

Wave count of retracement or dip for buying image

USD/CAD

Final wave count down image

USD/JPY Discussion

Downside prospect - setting out a trend down on a zigzag 5th wave of Ending Daigonal (c). SL @ invalidation of upper channel line. image

EUR/AUD

Setting out on a downward trend after near maximum retracement of wave 2 or development of right shoulder. SL @ invalidation of upper channel line for good R/R. image

EURNZD

A strong downward trend can be seen here in USDCHF correlating to that of DXY. image

USD/CHF

Has anyone got a wave count on 30min. ? i'm puzzled on this one.

Cable Update (GBPUSD)

Happy Chinese New Year! to you and Prosperous trading in the Year of the Monkey.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

The requirement of the 5th leg of an ending diagonal is at least 100% of 3, that brings this wave v target at least below 1031.

XAU/USD & XAG/USD - Gold & Silver Traders Thread

XAUUSD corrective force still in play, at the tail end of corrective wave (b) red. Setting up for the last leg down of ending diagonal c red, with tight SL @ invalidation of upper channel line. image Setup shorts from 1158.00 on H1 chart: image

XAU/USD & XAG/USD - Gold & Silver Traders Thread