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    albert
    Rep: 99
    Posts: 3,094
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    Starting it off.

    Al
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    (Edited )
    I guess the Pound (6B Z7) is heading trowards 1.3360-80.



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    6b 2017 11 20 png
    RA
    rat89
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    Posts: 7,015
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    crazy chart with those stairstepping moves up and the sharp drops. Marcin, do you have a scenario for the dollar that is up and into a trap, or just plain up for the next move?

    Originally posted by MarcinO

    I guess the Pound (6B Z7) is heading trowards 1.3360-80.



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    6b 2017 11 20 png

    RA
    rat89
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    nem is the only thing strong here, following the potential bear abcd at .382 for gld Friday

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    screen shot 2017 11 20 at 10 39 25 am png

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    screen shot 2017 11 20 at 10 39 04 am png
    RA
    rat89
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    which count wins? green is up, blue is down:

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    screen shot 2017 11 20 at 10 18 10 am png

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    screen shot 2017 11 20 at 9 56 16 am png

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    screen shot 2017 11 20 at 9 56 33 am png
    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    (Edited )
    I don't have a scenario for a dollar, rat. My work enables me to trade only one instrument, which is the Pound vs. USD. This pair is currently specific, as it reflects not only relative dollar's strength, but is very prone to any Brexit 'news'.
    Besides, I use daily chart just for context, not to plan long term moves. I am a typical day trader, so my perspective is the next few hours or maybe a few days, when the move is slow, but even then I split such a move in a series of intraday trades, allowing for overnight position here and there.
    Originally posted by rat89

    crazy chart with those stairstepping moves up and the sharp drops. Marcin, do you have a scenario for the dollar that is up and into a trap, or just plain up for the next move?

    Originally posted by MarcinO

    I guess the Pound (6B Z7) is heading trowards 1.3360-80.


    MA
    MarcinO
    Rep: 67
    Posts: 5,506
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    Cable in its typical, for this year, behaviour. All day chop without without much decision concerning direction...
    Total waste of time.
    RA
    rat89
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    thanks Marcin

    Originally posted by MarcinO

    I don't have a scenario for a dollar, rat. My work enables me to trade only one instrument, which is the Pound vs. USD. This pair is currently specific, as it reflects not only relative dollar's strength, but is very prone to any Brexit 'news'.
    Besides, I use daily chart just for context, not to plan long term moves. I am a typical day trader, so my perspective is the next few hours or maybe a few days, when the move is slow, but even then I split such a move in a series of intraday trades, allowing for overnight position here and there.
    Originally posted by rat89

    crazy chart with those stairstepping moves up and the sharp drops. Marcin, do you have a scenario for the dollar that is up and into a trap, or just plain up for the next move?

    Originally posted by MarcinO

    I guess the Pound (6B Z7) is heading trowards 1.3360-80.



    RA
    rat89
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    Posts: 7,015
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    Click image for original size
    screen shot 2017 11 21 at 10 35 04 am png

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    screen shot 2017 11 21 at 10 35 12 am png

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    screen shot 2017 11 21 at 10 35 21 am png

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    screen shot 2017 11 21 at 10 35 40 am png

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    screen shot 2017 11 21 at 10 35 47 am png

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    screen shot 2017 11 21 at 10 35 55 am png
    RA
    rat89
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    bear abcd all around.....nem abcd at .447 = 36.76 this morning
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    screen shot 2017 11 21 at 11 01 51 am png

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    screen shot 2017 11 21 at 10 27 47 am png
    AL
    albert
    Rep: 99
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    rat,

    Awesome charts. Go, NEM!
    RA
    rat89
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    nem 60 - it's been strong in this wave, no question that it's up since mid november. Here is the bear side - this is all a wave 4 move up from 35.07, playing out as an abc, where c=a at 37.22. If it turns down here, 5=1 at 34.39

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    screen shot 2017 11 24 at 10 10 54 am png