hi cmellon

I think the forum is quiet as its very tricky trying to catch a falling knife and cables failure to reach a decent target on the last itd7. Its left me looking for some definate chart pattern before going either long for a correction or short for the bear continuation. Really dont know at the moment.

Thanks for posting your charts on delta, it really is helpfull. And thanks to 2be too for your input. Keep it up!!!

I may not know much like the experts, but i think am right on this one. bcos am now on +55

Hate it when that happens ay and reverses all you profit........ Am guessing you didn't close at 8490?

no 1.8480 and dat is all for today

I am trading using shorter time and profit targets trades of 30/70 pips, still shorting but take profits when they are there, when I see a price exhaustion pattern, I am out. I use H4 with DiNapoli settings, and H1 and for the exits I use M15 with Bollinger Bands, and M5 to identify shorter cycles. This is due to the difficulties you have explained above. This might dragg for a while, so we need to trade what we see on the lower TFs and for a while forget about the long runns afforded by a clear delta counts.
Happy trading to all,
2be

ITD 8 should be in today or tomorrow. As I expect, it is lower than previous low.

cmellon, is your ITD 8 the end of wave iii in your opinion?

USD is really strong.

It's possible ITD 8 is end of wave iii of 5, but at this moment, it's still not very clear to me how I can link the 5 EW waves to the Delta, as I expect ITD 10 to be in mid Sept.

If ITD 8 is end of wave iii of 5 (we should get here fast), then ITD 9 is just a retracement (wave iv of 5), then the final push lower will be wave v of 5 (ITD 10). However, it doesn't seem that it needs that much time until mid Sept for this to take place.

I shall do some more analysis again later. I put priority in Delta over EW structure by the way. Therefore, I am not looking to get into long in major way until mid Sept, even if 1.77 has been broken earlier by wave 5.

I am not sure either which way we are heading....so I will just sit and wait for a suitable entry point.....I want to go long at the moment, above the 83 handle...hmmmmmmm

take what you can and give nothing back

thinking to go long at 1.8295 for 30/40 pips

Cheers,
-PE

hey there vince...testing couple of days.....

a long would be good after this drop.

i just placed a small @307 lot to leave overnight with 273 as SL....the pound sucks right now..
hope your doing well..some a$$ twitching moments but a good week so far..

good luck

just went long with three positions:

8309
8313
8318....each one is a 50k trade
maypoop in another one at 8300

first little hurdle...8320...second little hurdle maybe the 8330 area

wait and see we are at very over sold levels at the moment

Hey New are you out there?

take what you can and give nothing back

i am here lol

not posting much has been a busy couple days.. looking for some inspiration lol..
good shout of an up day tommorow though..

good luck

Hi everyone,

went long at 1.8316 after I caught a glimpse at the chart during the day job. I had been considering long earlier but sensed a false head and shldr bottom in hourly as studies did not confirm price action...phew!

Got my stops at 1.8275

Cheers all

ps need a move above 1.9315 now to see move to upside

hey

looks like we are all starting to believe a new direction is forming..

whats your TP techy? todays high?..

i think half for todays high and other half 590 area..hopefully we get a close above 300 will give me more confidence that this is a true up move.

good luck all!!