i wait 1 hr and then decide what to do. honestly, i think today is the last day for bulls, then south. but just my opinion. i am open for a range trade or 2. GJ stopped out, probably pretty bearish until UJ stops falling.

Cable Update (GBPUSD)

i think navk's setup is perfect for you. with patience you will be raking in the dough.

Cable Update (GBPUSD)

long GJ, want 140, then selling GU probably

Cable Update (GBPUSD)

i am waiting. want to though, really do. will wait 1 hour to decide.

Cable Update (GBPUSD)

COT showing bias towards bulls on GU still, but very diminished. yen still short though. i take some of my GJ off, want to clear the rest at 140. i am looking to short GU and GJ down to 1.20 and 1.30 respectively. next week may undermine my plans, ...

Cable Update (GBPUSD)

i probably wont use, i prefer standard deviations, but the concept is useful, thanks.

Cable Update (GBPUSD)

does elliot wave typically have rules based on trendline strength (angle)?

Cable Update (GBPUSD)

today is the day, gj gonna break through supply and finally close above it. 141 to 143, let's go big day

Cable Update (GBPUSD)

the whales are swimming north for the winter early this year. (if the even do that?) image

Cable Update (GBPUSD)

what a freaking level 1.30 is... 5 (7 if you count the 3 today) tests. i dont think its breaking, even if it realllllllllly wants to. Thurs Fri maybe we move finally? either direction, the chop is boring me image

Cable Update (GBPUSD)

its just the other way around is all. commercials dont push price, they absorb it. best deals is all. i do not blame you for closing, like i said, i dont like to trade EUR anymore. if you check GJ COT history, you would see my point. GL with EUR

EURUSD

thats bold of you btw

EURUSD

yeah its a hedge, when they clear them let me know, i think it will be closer to 1.10, but EUR drives me nuts. also, kinda unique situation in my opinion, i can imagine people wanted US gold or something. or debt? stocks?

EURUSD

i agree no need for luck

EURUSD

lol, what? by selling or buying an asset, you are exposing yourself, therefore hedging some other risk by taking physical or digital ownership. what else is there to say? you can trade both ways, that wasnt my point. but yeah, back to trading GL

EURUSD

so who are you gonna hedge? the hedge funds, or the dealers?

EURUSD

the commercials, mr techy

EURUSD

lol, who do you think sells to the non commercials?

EURUSD

how low will we go? image

Cable Update (GBPUSD)