since yesterday retail longs dropped %20 and shorts up %32...and its beatiful how retail longs trend broken when price break resistance... i hope people keep going close longs and adding shorts yes majority always wrong...especially when they ...

Cable Update (GBPUSD)

nıce move...i hope no bad suprise before daily candle close so we can enjoy for a while to sell usd..cheers everyone

EURUSD only

nothing funnier than your chart...

EURUSD only

image

Cable Update (GBPUSD)

i should read this thread...good work skyhok...

Elliott Wave Trading

i like to read here when these kind of moves happening...cheers everyone

Cable Update (GBPUSD)

i have been trading this for identify trend and medium term trades since 3 years now..i have been tried many things and still trying sometimes for intraday..but for medium term trades i only trade like this...goal is catching 3th waves very early ...

Fibonacci Trading with Price Action

thats not a good trade...that pair already done and reached monthly resistance as i see...even can try one more time upside but that would be 5th wave...5th waves always be painfull even you are on right side...

Fibonacci Trading with Price Action

yes its...with a stop daily close below 7160 you can try long

Fibonacci Trading with Price Action

for identify where rally starts and where it ends...you can zoom in smaller time frames...like here i do with eurusd...im not an elliot wave expert but i can see simple 5 waves from 1 to 2 which i put with yellow... there a %50 retracement happened ...

Fibonacci Trading with Price Action

1-kjunsen and ema 50 is just for remind you where trend going (daily chart) and keep you from entering bad trades..you really dont need actually but sometimes you can check and then remove.. 2-of course higher trend is better accurate for identify ...

Fibonacci Trading with Price Action

good luck

Fibonacci Trading with Price Action

closed at 1.1432 with little profit because it has started pullback of last rally which is ended bear trend

Fibonacci Trading with Price Action

cancelled...bought 1.1423

Fibonacci Trading with Price Action

EurUsd buy order 1.1372

Fibonacci Trading with Price Action

sorry but your drawing is wrong...you draw fibonacci from end of rally...your 61.8 is at wrong place...you need to draw start from rally not from end to beginning...also if you wait for a engulfing you should had buy this candle...did you buy ? if ...

Fibonacci Trading with Price Action

Eurusd has reversed but still waiting for confirmation...it must take out previous lower high which is 1.1425... i put a buy stop to 1.1430... even cant break it today weekly candle is strong enough to reverse trend...after take out 1.1430 i will ...

Fibonacci Trading with Price Action

thats not a good trade...please check my examples more...also dont draw your fibs from lowest to highest touches...always try to use bodies at least starts or ends or both

Fibonacci Trading with Price Action

Maybe

Fibonacci Trading with Price Action

bought audusd again...weekly candle is strong and threat 0.73... next resistance is at 0.7450

Fibonacci Trading with Price Action