dude 007, Tokyo tried, London tried, and NY tried to take out YH, all failed so far. What are the odds that NY will do this alone after London closes?

Cable Update (GBPUSD)

Whale, correct, same thinking. We still don't know if wave 5 is in place; that's why on my daily chart I marked it with 3 question marks (???). It might be why trading is so sluggish. image Added: The low on March 13th @1.3217 can be part of the ...

Coreg's EW+HP+D/W Range

Q: How many times back-to-back inside day bars were printed on the British pound chart in the last 100 trading days A: image

Coreg's EW+HP+D/W Range

Yes, I trade breakouts. All analysis for the next day is done after market close (5 p.m. NY time). Adjustment can be done during the trading day. Yesterday, GU printed the ID bar on the daily TF. It's reasonable to expect today that at least one end ...

Coreg's EW+HP+D/W Range

birdland, that's what I thought. Treat it as a horizontal line (Sperando's 2B).

Coreg's EW+HP+D/W Range

TooSlow, I primarily trade prior day range and take any trade that presents a possibility to make 25-30 pips, entering with trigger on 5M TF. I'm a happy camper if I get 30-60 pips per day, not necessarily in one trade. In other words, I swing like ...

Coreg's EW+HP+D/W Range

birdland, how valid is the monthly open after so many crossovers on 1H TF? I'm asking b/c I've never used it in my trading. The highest is the weekly range with WH/WL.

Coreg's EW+HP+D/W Range

I should say: on the daily chart, GU wants to go up. After reaching 50% retracement @1.3368, GU found support. Somehow, I have a feeling we won't have smooth sailing today. Possible inside bar on the daily TF.

Coreg's EW+HP+D/W Range

After the ABC pattern was printed, we saw a 50-pip drop. GU has difficulty reaching the end of the AB=CD pattern @1.3356 so far. image On the daily chart, GU is trending up. So, unless TFs align, we can experience confusion about the direction of ...

Coreg's EW+HP+D/W Range

We didn't get a 1-5 pattern. Now, we look for an ABC.

Coreg's EW+HP+D/W Range

birdland, yeah, I feel 25 years younger...

Coreg's EW+HP+D/W Range

5M trigger chart. Enjoy.

Coreg's EW+HP+D/W Range

I guess we'll have to get used to a daily range of more than 200 pips.

Coreg's EW+HP+D/W Range

Higher targets in case GU wants to go more to the upside.

Coreg's EW+HP+D/W Range

Potential HOD in place. Nice jump after the news from the White House.

Coreg's EW+HP+D/W Range

Decision time coming up...Hold 'em or fold 'em.

Coreg's EW+HP+D/W Range

DXY doesn't give up...

Coreg's EW+HP+D/W Range

Minimum for the day achieved. Wave (iv) was tested at 1.3344. Next targets for today are: 1.3331 and 1.3309. Should we expect today inside bar?

Coreg's EW+HP+D/W Range

We got much more than we bargained for. Sometimes we struggle to hit the first target; other times, the market shoots to the moon and reaches extended zones in one day. That's the nature of the markets. Expect the unexpected. image I'm bringing ...

Coreg's EW+HP+D/W Range

Standard zone for the potential end of wave 5 is 1.3402-1.3418. Until then, don't rush short trades. image I should add: or the pattern shifts to LL-LH on this time frame (TF).

Coreg's EW+HP+D/W Range