Update.......

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Don, do you really enjoy this $hit?.......I still can make the case to the upside...1-2-3-4-5...as well as to the downside AB=CD..you never know which side will be victorious (bulls or bears) until the end

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at 10:30 am (EST) I was still on the sideline not knowing which way the market will go but after failed AB=CD I had no doubt.

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update after 4 hours

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Agree....

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I am looking for 3-3-5 but I am not sure about flat correction...

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we are not out of the woods yet (Friday's NY close @1.1412), not even on 15M TF but as long as the today's low holds it's possible.....

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Thanks, Mitiblotch, a few approaches to day trading combine on one chart (@C-12's S/D zones, Ata's TL and open -I use NY Open and draw TL slightly differently, but the idea is the same-@Digger's pivot points, others use harmonic patterns and Elliott ...

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Sarrastro, all depends on the trading style, and..... what do you want to do, trade or watch the screen? during the day you can earn plenty of pips on smaller time frames (STF) but you need to be picky and nimble.

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Super Tiger, that's my argument, you had recognized the instrument and time frame and the thoughts kicked in...but when we don't assign the price tag to lost or gained pips/points we can be able to trade without fear or greed - hard to do but ...

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Super Tiger, what if I asked you to trade off of this chart with axes of time and price removed? Would you trade it differently based purely on PA (using pattern recognition) than knowing what time frame you are on?...Our thought makes us worry that ...

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People trading daily and 4H charts sit in front of the computer for 8-10 hours a day and watch how the bars form (it must be really fun) and don't understand that others can have different idea how to invest their money...Misunderstand definition of ...

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I am joking, I don't pay attention to it because technical analysis is my forte...but I believe someone had this argument today here

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but, but... we have bad data for USD...

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Pipfu, I love sarcasm, for me isn't such a thing as excessive use of it, whoever uses it is my brother/my sister...if someone wants to have a good laugh at my expense, so be it...

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* A chicken was before an egg... * no, the egg was before the chicken... * no, no, the chicken was before the egg... * ....................

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You make an executive decision and you live with it...another opportunity is around the corner....

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Quoting Coreg2004 Pattern, ratios, time....again pattern, ratios, time......and always trade your plan. image image Quoting Moty where are the bears , my friends ? image image Bears should come no earlier than 1:15 pm and no later ...

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very possible....I am on the same page

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here you have it......

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