Pattern, ratios, time....again pattern, ratios, time......and always trade your plan.

EURUSD only

Sponge, yes today's high can be potential extended W:3 or "regular" W:5 because these two waves can be terminated at the same ratio (-)2.618% I am aware of it....excellent catch....nice to see someone else with thinking that different scenario might ...

EURUSD only

Dingoman 2, as long as you follow your rules you will be fine...no strategy is bulletproof, no one is invincible in this business....problem starts when the market isn't doing what we thought will do and we stubbornly stick with our trade...good ...

EURUSD only

just for the sake of a discussion; what if the market decides to hold above 1.1586 (green area) and turns the abc pattern into 1-2-3-4-5? ..

EURUSD only

that's why we have trading plans/rules to keep our emotions in check to govern our behavior and lastly to prevent us from hitting the buy/sell button like a monkey hits a tire at the zoo

EURUSD only

Update.....Knowledge is power...hope you enjoy my charts

EURUSD only

minimum conditions for establishing the bottom of Wb) has been met, now if Wb) is in place it has to hold so the market can get to Wc)....

EURUSD only

good chance to happen, but more work has to be done...

EURUSD only

update after 12 hours

EURUSD only

If the market takes out swing high at point 4 before getting to PRZ different scenario might be in play...

EURUSD only

I love this expression "stop hunting"....here is how you can beat it, also google "Victor Sperandeo 2B"...really good stuff used for years by traders.

EURUSD only

......or ABC flat correction

EURUSD only

You don't short on Friday between WM1 and WS2 unless you are hiper-scalper shooting for 10-15 pips (nothing wrong with that).

EURUSD only

Projected support for today.....1.1546-29

EURUSD only

It can get really ugly for bulls

EURUSD only

Tommy, go to FF main page and click on the folder next to FOMC statements, you will see dates of prior FOMC meetings, next open euro charts from these days and you will see how the market reacted to these decisions. You can also google "how to trade ...

EURUSD only

you remind me of myself when I was young, with an age I become more flexible...lol ...I admire your passion for the markets.

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Moty, the market almost always retraces to the top of W:1 after 1-2-3-4-5 move (in today's case we might get more)...one more thing, today we are on the same page..whatever this is worth....lol

EURUSD only

It's not about being right or wrong, but to make money with our TA . ..My task as a short-term day trader is to locate at which point of the ideal wave scheme is market at the moment and when the market gets to my PRZ to make a decision on how to ...

EURUSD only

Eurotech, technically you might be correct also because W:4 didn't close inside W:1...I use these guidelines which I have posted in this thread... url We see how the wave's count unfolds in a near future..good luck with your trading.

EURUSD only