Let's sing together kumbaya Johnny until GU figures out which direction wants to go.

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TV, no-fault, this is discretionary trading, you make a decision and you live with it...Another trade is always around the corner.

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TV, here is my 2H chart with all the mumbo-jumbo I have on it... let's take it step by step because we always have to keep in mind that something else might be brewing behind the scene when trading based on EW. The beauty of EW, nothing is carved in ...

Cable Update (GBPUSD)

We don't know if this zone will hold or even if the market gets there, so I would wait and see how GU will react there. Today's high might be only a retracement (abc) and not the impulse wave (12345).

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TV, check this link out maybe you incorporate some elements into your trading plan. url Just suggestion.

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same ol' ...have a nice weekend everyone.

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I admired Engweijie too when we were together in this thread (EUR/USD Only)

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knkie, in my previous life, before I became a recreational trader I was sitting next to the type of traders you mentioned in your post when they traded and I had seen artists too...such traders exist.

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Based and prior's day volatility the LOD is made by my method of trading...but the market has always own ideas.

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knkie, I look at it from a different perspective. Imagine being a scalper/day trader and going to bed with dismal 13 pips/day ( Khalid's 180pips/14 days atm). How many times you, @navk, @theoak,@tv,@donfriday and many others here would ask ...

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Of course TV, it would be an ideal level (1.2700-38.2% of BC) for potential W4 Edit: don't forget about potential triangle; see @ill-be-back chart.

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TV, I have 2 zones...

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GU is at the last support,...very miserable retracement didn't even reach widely expected 38.2% level after 5 waves move...

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that's correct TV, you know that possibilities are endless when you trade based on EW... that's why I am a big advocate to choose the TF and stick to the analysis of setup TF b/c for sure fractals on a 4H or daily chart are different than on 30M...

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TV, what I'm missing? ...I have a slightly higher level for W5 completion...

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possible play...of course, all depends on your setup TF...my is 30M

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avpcap, if the market breaks below YL expect the expansion to the yellow zone (set based on prior's day volatility) Also, you can use the ATR indicator as @HaLBot mentioned in his post. I use an 80-120% zone for this indicator to look for a ...

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TV, you are cutting the learning curve with unbelievable strides...I am out today. Good luck to all of you.

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Anytime TV, if I may suggest, just keep it simple... 2 patterns work for me well, I look for ABC or AB=CD forming than when ABC is completed I set the zone for potential W4. Keep in your mind (or on the screen) picture below, try to determine the ...

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TV, here is what I use to set my zones in advance... url

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