It can be a slow day with a bank holiday in the USA. Possibly, there is a bearish flag in play with the target @1.2556. Watch for the first target of the bullish bat pattern from Friday @ 1.2614 url

Coreg's EW+HP+D/W Range

Please be gentle with Canadians today b/c over the weekend their hokey national team was humiliated in front of Montreal villagers.

Cable Update (GBPUSD)

Waveski, I checked your GU trades before I posted my replay on Friday. There is the chance on 4H TF that GU can retrace more to the 1.2542-1.2504 zone but this is a theory, the market will do what it wants. I don't hold losing trades bigger than my ...

Cable Update (GBPUSD)

TV, I've seen your chart and agree that GU now makes a (C) wave. I don't know how you manage your trades but I would use 4H charts to see how potential (B)-(C) leg unfolds to make the decisions. One of my scenarios is below. image

Coreg's EW+HP+D/W Range

Waveski, hopefully, Monday would be better.

Cable Update (GBPUSD)

End of the day/week summary. I changed the chart to 2M TF to fit the entire PA during the NY session. The market cooperated nicely with my #1 choices for day trading. I didn't need any adjustment, only to move down the retracement zone after a new ...

Cable Update (GBPUSD)

This would conclude Friday's schooling of the CIC members on how to trade the EW+HP+Daily Range on the 1M TF. Any technical trading method works on any TF including monthly.

Cable Update (GBPUSD)

Possibly the 2nd leg in the making.

Cable Update (GBPUSD)

MrFanciful, that's your solution for trend trading. Use moving averages. However, I would consider the 1M chart the trigger chart. image image image

Cable Update (GBPUSD)

Pat, I have 2 "dedicated and committed" but I expect to get more after the CIC president sends the memo.

Cable Update (GBPUSD)

Pat, I'm like Waveski, never tired of winning.

Cable Update (GBPUSD)

[quote=Pat Chiko;15149607] They goes back to your quiz. What time frame is it.......... The same idea applies to any time frame. Once a trader know how to read and analyze a chart, the time frame doesn’t really matter – a proficient trader can adapt ...

Cable Update (GBPUSD)

Leon, don't forget about the minimum timing for retracement on Feb.21...Do you consider your analysis helpful?

Cable Update (GBPUSD)

Pat, perfect......and I silly thought it's obvious for a 30-year veteran playing the markets.

Cable Update (GBPUSD)

On the daily chart, we have a target zone @1.2610-1.2768 with min timing for ret. on Feb.21

Coreg's EW+HP+D/W Range

Decision time is coming up...hold 'em or fold 'em?

Coreg's EW+HP+D/W Range

AB=CD @1.2511 hit overnight. Now continuation to the the upside. Still, HH-HL is intact on 15MTF.

Coreg's EW+HP+D/W Range

Quiz What instrument and what TF does this chart depict?

Cable Update (GBPUSD)

setups valid until the end of the day.

Coreg's EW+HP+D/W Range

Miti, tight SL but if GU breaks below 1.2449 and stays there is a chance for recovery, at least a big chunk of change.

Cable Update (GBPUSD)